Coinbase will start trading tomorrow on the open market after opting for a direct listing rather than an IPO. The reference price for Coinbase is $250, giving the company at $65.3 billion market cap.
CryptoCurrency News from around the World and beyond. This section focuses on what is happening with cryptocurrency now. So that is things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new ICOs, upcoming forks, etc.
Bitcoin and ETH have both broken out of their consolidation ranges to make new highs today. Meanwhile, the much anticipated Coinbase IPO launches tomorrow.
Grayscale has made it clear that their plan is and always has been to lower GBTC fees and move it to an ETF.
Visa and PayPal have both ramped up crypto adoption this week. Visa is running a USDC pilot program, and PayPal has launched a crypto checkout service.
After years of waiting since an initial teaser, Cardano (ADA) is coming to Coinbase Pro. Trading is set to start March 18th. ADA will likely come to the Coinbase app shortly after.
A long-awaited overhaul to Ethereum fees, EIP 1559, is finally set to launch. The proposal reforms how fees are paid, reduces gas costs, curves ETH inflation, and more.
GBTC has traded at a negative premium since tech stocks began to drop and Bitcoin began to find support. The result is you can buy discounted Bitcoin through Grayscale.
Microstrategy bought 328 bitcoin for about $15 million with an average price of $45,710 per BTC. That means they basically bought the bottom of the current range.
GBTC, which often trades at a high premium traded negative today. Right now, BTC is at $48k and Grayscale is trading under $45.
Everyone should take a moment to check out the crypto whale Su Zhu from Three Arrows capital on “Only up.”