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The online cryptocurrency and stock brokerage platform Etoro has announced the company is going public via a deal with a special purpose acquisition company called Fintech Acquisition Corp V. The Etoro merger is a $10.4 billion deal, backed by the banking entrepreneur and Fintech Acquisition Corp V chair Betsy Cohen. Etoro Enters a Special Purpose […]Powered by WPeMatico
While bitcoin prices have been coasting along between $46k to $48k during the last three days a number of proponents are still bullish about the crypto asset’s long-term value. On Thursday, Kraken CEO Jesse Powell said that he thinks bitcoin could easily reach a million-dollar valuation per coin. “When you measure it in terms of […]Powered by WPeMatico
Crunching the numbers: Analysts and industry experts weigh in on crypto firms like Coinbase and Kraken being valued in the billions.
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Coinbase CEO Brian Armstrong’s estimated wealth surged 10-fold over the past year to hit $11.5 billion, according to China’s Hurun Research Institute.
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Iris Energy has upped its target for its second-IPO funding round.
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The custody service of leading U.S. exchange Coinbase now controls more than 10% of the combined crypto asset market cap.
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Longstanding sagas in crypto saw major plot development and even a conclusion or two in this week’s newsletter.
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However, the exchange also claimed the identification of the Bitcoin creator could cause the crypto market to deteriorate.
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The company has benefited a lot from the 2020 market, but had lost money in 2019.
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