New York Stock Exchange and Former Citigroup CEO Invest in Coinbase
The previously leaked rumor of Coinbase raised $75 million is now confirmed. The company did, in fact, raise that much money and the investor list is juicy for speculators and bitcoin lovers alike. In their announcement, Coinbase said their fundraiser is something they’re honored to be a part of, stating the following: “Today’s fundraise gives us solid growth capital to continue driving mainstream, global adoption of Bitcoin. We are honored to be joined by such a prestigious group of investors and remain focused on helping Bitcoin continue to grow in 2015 and beyond.” According to an....
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Do you wonder how big banks view Bitcoin? BBVA, who recently ranked Swedish exchange Safello as a finalist in their annual financial technology competition, BBVA Open Talent, followed up with a short explainer video on Bitcoin. In the space of three minutes, BBVA customers are treated to an accurate portrayal of how Bitcoin works from the perspective of a consumer. Also read: New York Stock Exchange and Former Citigroup CEO Invest in Coinbase; https://www.youtube.com/watch?v=l8S-wkpBDW0
MSTR stock has surged by roughly 113% since Dec. 8 when it was downgraded by a Citigroup analyst. On Dec. 8, 2020, Citigroup, one of the largest banks in the world, downgraded MicroStrategy'ss stock (MSTR). Since then, MSTR stock is up 113.27% from $289.45 to $617.31, as the price of Bitcoin (BTC) rallied.In the same period, the Citigroup stock has declined slightly by 0.63%, from $58.36 to $57.99.MicroStrategy stock vs. BTC and Nasdaq. Source: ecoinmetricsWhy has MicroStrategy stock performed so strongly despite the downgrade?MicroStrategy has been investing its treasury holdings in....
Australia's second-largest bank Westpac has directed its venture capital fund, Reinventure Group, to invest in Coinbase, a San Fransisco-based Bitcoin startup. It is believed that the aforementioned vertical has joined the Coinbase's $75 million funding round, the same which received support from some of the biggest financial sharks, including New York Stock Exchange (NYSE) and Citigroup's former CEO Vikram Pandit. In the latest Series C funding, Reinventure Group was joined by renowned venture capitalists like Draper Fisher Jurvetson, Andreessen Horowitz, Robbot Capital and Union Square....
Bitcoin is leaving the traditional associations it had with traditional stock markets behind, a latest Citigroup analysis suggests. The virtual currency displayed uncharacteristic stability in latest episodes of financial shock, making experts reconsider incorporating it into investor portfolios. Related Reading: Bitcoin To $2.4 Million? ARK Invest Predicts Massive Surge By 2030 Bitcoin Performs Better Than […]
Citigroup, one of Wall Street’s leading institutions, has announced a strategic partnership with cryptocurrency exchange Coinbase to develop new stablecoin solutions aimed at institutional and corporate investors as part of Citi’s initiative to leverage blockchain technology for financial transactions. Citi’s ‘Network Of Networks’ Approach According to the announcement, the initial phase of this partnership will […]