• Powell Kraken Bitcoin $1 million
    Bitcoin,  People

    Bitcoin $1M is ‘very reasonable’ says Kraken’s Jesse Powell

    The U.S. cryptocurrency exchange and bank’s CEO also said $10 billion is too low a price to take Kraken public

    “We can only speculate, but when you measure it in terms of dollars, you have to think [Bitcoin’s] going to infinity,” Powell said in a March 4 interview with Bloomberg. Pushed to be more specific, he said, “I think $1 million as a price target within the next 10 years is very reasonable.”

  • Coinbase will go public
    Cryptocurrencies,  Regulation

    Coinbase will go public with historic direct stock sale

    The listing will make the U.S.-based cryptocurrency exchange the first firm in the industry to become a public company by selling stock

    The leading U.S. cryptocurrency exchange intends to become a publicly traded company with a direct listing of its Class A shares rather than a traditional IPO.

  • eToro to delist XRP
    Regulation,  Ripple,  XRP

    eToro to suspend XRP trading in U.S. ahead of planned IPO

    The social trading platform and exchange has followed the lead of Coinbase, which also announced plans to go public this month

    “Given the U.S. Securities and Exchange Commission’s (SEC) recent lawsuit against Ripple Labs, Inc., eToro... has decided to prohibit purchases of XRP on the eToro platform and to prohibit any conversion of XRP held in a customer’s eToro Wallet,” eToro said in a Dec. 31 blog post. The ban begins on January 3 at 12 p.m. EST.

  • eToro seeks $5B IPO
    Regulation

    Social trading firm eToro seeks $5B IPO: Report

    The exchange is also reportedly considering a merger with a publicly traded company to achieve a faster ‘entry into Wall Street trading’

    Reports say eToro plans to complete its IPO by the second quarter of next year. The firm is also considering a merger with a special purpose acquisition company—essentially a publicly traded company created to merge with a company that wants to go public without an IPO—to achieve a faster “entry into Wall Street trading.”