Investors Sound Off on Coinbase's Record-Setting Fundraising
Bitcoin services provider Coinbase announced today that it had closed a $75m Series C funding round from a host of notable investors - to date the largest round raised by any company in the industry. The confirmation of what had been rumored to be bitcoin's largest-ever funding round inspired widespread reaction on social media, and also had a positive correlation on the CoinDesk Bitcoin Price Index. The price of bitcoin rose to $212.99 on the news, up from $205.15 at 14:00 UTC, the time of its publication on the Coinbase blog. A similar spike was also observable in CNY markets. Following....
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US-based cryptocurrency exchange Coinbase (COIN) announced on Tuesday its acquisition of the crypto platform Echo in a deal valued at nearly $375 million, aimed primarily to enhance the exchange’s fundraising capabilities. Echo’s Sonar To Enable Direct Fundraising Initially, Coinbase plans to utilize Echo’s Sonar platform to facilitate crypto token sales. However, the company has future […]
Bitcoin price has been on an absolute tear, setting record after record over the last several months. After consolidating for weeks at a level more than double the last cycle’s peak, Bitcoin is back to making new highs and now has now traded at $50,000 for the first time in its more than decade long existence. Within moments of touching $50,000, however, sell orders began triggering. The initial rejection could suggest that the phycological resistance […]
Crunching the numbers: Analysts and industry experts weigh in on crypto firms like Coinbase and Kraken being valued in the billions. Cryptocurrency and blockchain firms are attracting billion-dollar valuations as the space continues to see major investment in 2021. The likes of exchanges Coinbase and Kraken have had mind-boggling numbers attached to their plans to raise funds, with the former set to go public through a direct listing and the latter preparing for a lucrative fundraising round.Since it formally announced its plans for a public listing, Coinbase has been tipped to be valued....
Quick Facts: 1️⃣ Coinbase has acquired Echo, signaling its intent to expand into early-stage crypto fundraising and token launch infrastructure. 2️⃣ This could mark the revival of ICOs, with new-age launchpads like Sonar, Legion, Buidlpad, and Kaito driving renewed market interest. 3️⃣ Investors are turning their attention to new crypto opportunities like $MAXI, $BEST, and […]
Key Bitcoin Takeaways Bitcoin plunged by almost 5.5 percent on Monday after setting up a record high in the previous session. The one-day drop is the largest since February 10, pointing to extended intraday declines as the European session matures. Long-term sentiment remains bullish on growing corporate adoption against the US dollar depreciation. Bitcoin (BTC/USD) […]