Tag: cryptocurrency
Crypto market takes a dive with Bitcoin leading the way
Cryptocurrency prices continued to tumble Friday with Bitcoin leading the charge, with prices for the internet currency dipping below $50,000 for the first time since early March. Bitcoin is down roughly 20% week-over-week, around 30% from its all-time-high of nearly $65,000 early last week. The market cap of the coin…
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Tiger Global backs Indian crypto startup Coinswitch Kuber at over $500M valuation
Coinswitch Kuber, a startup that allows young users in India to invest in cryptocurrencies, said on Thursday it has raised $25 million in a new financing round as it looks to expand its reach in India, the world’s second largest internet market and also the place where the future of…
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The rise of the next Coinbase, thanks to Coinbase
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. For this week’s deep dive Natasha and Alex and Danny wanted to chat crypto. No, not cryptography, but cryptocurrency. The topic has been hot in recent months thanks to Coinbase, recent weeks thanks to the rapid…
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Daily Crunch: Coinbase goes public
Coinbase makes an impressive public debut, Dell spins out VMware and Ford announces a new hands-free driving system. This is your Daily Crunch for April 14, 2021. The big story: Coinbase goes public Cryptocurrency exchange Coinbase went public today via direct listing at an opening price of $381 per share,…
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Coinbase sets direct listing reference price at $250/share, valuing the company at as much as $65B
Coinbase, the American cryptocurrency trading giant, has set a reference price for its direct listing at $250 per share. According to the company’s most recent SEC filing, it has a fully diluted share count of 261.3 million, giving the company a valuation of $65.3 billion. Using a simple share count…
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African crypto usage spurs Luno as customers reach 7M
The crypto industry as a whole has seen a momentous year of growth, heavily spurred on by the entrance of institutional investors adopting bitcoin due to its store of value properties. The 2020 spike bitcoin experienced was also accelerated by its global adoption as the number of global cryptocurrency users…
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