Chinese cryptocurrency mining hardware producer Ebang conducted two fundraising rounds in February alone, raking in $170 million, even after a previous offering in November, which followed its Nasdaq listing in June. “Ebang’s growth story is very attractive to institutional investors,” said Guo Yi, COO of Univest Securities. "Fundraising by all industry players is getting busier thanks to the Bitcoin bull.”
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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.”
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Kraken looks for $10B valuation as Coinbase prepares to go public
The U.S. based exchange’s funding round set to value it at as much as $20 billion, while larger rival Coinbase’s S-1 filing could see it worth $100 billion
Kraken is in talks with firms including Fidelity, Tribe Capital and General Atlantic to raise the funds. However, if demand is as high as some suspect it will be, Kraken’s value could exceed $20 billion. That follows yesterday’s news that its larger competitor, Coinbase, filed a Form S-1 with the U.S. Securities and Exchange Commission, confirming reports that it will go public with a direct stock listing, probably on Nasdaq.
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Markets Report: Bitcoin recovers from $45,000 lows as Tether legal debacle ends
An amicable agreement between lawmakers, Tether and Bitfinex pleases markets, with Bitcoin heading toward $50,000
News that Tether and Bitfinex had reached a settlement with the New York Attorney General in a legal battle which had begun in 2019, ending crypto’s “most significant existential threat,” served to change market sentiment in an instant.
