To close out the week, a short meditation on value, or, more precisely, how assets are valued in today’s markets. Do you recall the pre-direct-listing hype Coinbase enjoyed? After reporting its estimated first-quarter financial performance, interest in the domestic cryptocurrency trading giant ran red-hot. When Coinbase set a $250 per-share direct listing reference price, it was…
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The scheduled delisting of Coinbase shares from the German Deutsche Boerse stock exchange appears to have been averted. The platform announced on Wednesday that Coinbase would be removed from the Xetra and Frankfurt stock exchanges this week after it was discovered the cryptocurrency exchange had not submitted proper reference data for its shares. The removal date…
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United States cryptocurrency exchange Coinbase has announced a new project aimed at increasing innovation in the nascent blockchain industry. Project 10 Percent will see Coinbase divert 10% of its resources to supporting innovative ideas within the company. The project aligns with the exchange’s philosophy that “70% of our time should be focused on core work,…
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Aleo, a privacy-focused blockchain, has secured $28 million in investments to bring its zero-knowledge applications to a wider market. California-based venture capital firm Andreessen Horowitz led the private investment round. Notable contributions also came from Coinbase Ventures, Galaxy Digital, Variant Fund, Polychain Capital and the Joseph Lubin-led Ethereal Ventures, among others. Described as the “first…
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Coinbase Market Cap was listed incorrectly and all major news sources reported this bad data as fact. Bear with me while I go a bit nerdy to explain how and why all these trusted sources got it so badly wrong. $25 billion difference is a big mistake. This is NOT about the trading price per share.…
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Less than one week after the largest crypto exchange in the U.S. was listed, Nasdaq is set to start trading options for Coinbase Global. According to an April 19 Reuters report, a representative for Coinbase stated that the COIN.O options will start trading on Nasdaq on Tuesday, April 20. The launch of equity options will…
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Nerdy headlines like that will get me a stern lecture from our CMO about the need to generate more page views from clickbait. In what seems like an eon ago (on 3rd March 2021), I wrote in 4-parter on Coinbase “IPO” – Part 1 = 5 Reasons Why It Matters “The Coinbase “IPO” (actually a…
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We are in the crypto-in a-suit bull market, epitomised by Coinbase going public and joining the Fintech 50 Index last week. A suit is the uniform of corporate life but we are not defined by our uniform. Years ago, during a crypto bear market I was at a conference of legacy finance folks. I was…
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The price of Bitcoin (BTC) declined below $60,000 on April 17 after a strong rally throughout the past week in anticipation of the Coinbase public listing on Nasdaq. However, after the COIN listing, which is the ticker of the Coinbase stock, the cryptocurrency market started to correct. BTC/USDT 1-day price chart (Binance). Source: TradingView.com An…
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Insider activity reports for Coinbase’s COIN stock indicate that multiple early investors and executives dumped billions in equity shortly after COIN’s direct listing, with at least one C-suite director cashing out their stake in the cryptocurrency exchange entirely. Data from Capital Market Laboratories and confirmed by filings on Coinbase’s Investor Relations website shows a total…
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