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January 11, 2021
| UPDATED: 21:16, Mon, Jan 11, 2021 Link copied Make the most of your money by signing up to our newsletter for FREE now SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes theyll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. Despite hitting record highs of $41,962 on Friday, bitc...
December 24, 2020
Welcome to the Fintech Age: How Digital Currency Is Transforming Payments Entrepreneur 12/24/2020 © metamorworks | Getty Images We are officially in the fintech age. The shift to digital payments has only accelerated amid the pandemic, and if youve been following recent trends, then you know the rise of Bitcoin and other digital currencies into the mainstream is having a profound impact on financial systems and how they function across the globe. According to analysts, one of the main...
December 18, 2020
Paxos — the cryptocurrency partner of Paypal Holdings Inc (NASDAQ:PYPL) — has raised millions of dollars in a private funding round in the backdrop of Bitcoin shooting to never-seen-before highs. What Happened: New York-based Paxos said in a statement Thursday that it had closed a $142 million Series C funding round led by Declaration Partners — an investment firm backed by the family office of billionaire-philanthropist David M. Rubenstein. Other participating investors included Mithril...
December 18, 2020
Share: Bitcoin prices pulled back from their all-time highs above $23,000 on Friday, but the Grayscale Bitcoin Trust (OTC: GBTC) traded higher by 1.7% on investor optimism that the huge 2020 bitcoin rally will spill over into 2021. Former hedge fund manager Whitney Tilson predicted the bursting of the bitcoin bubble back in 2017, but Tilson has a different take on the cryptocurrency this time around. On Friday, Tilson said he doesnt recommend shorting bitcoin or any other cryptocurrency, even ...
December 17, 2020
Cryptocurrency exchange Coinbase confirmed Thursday it filed for an IPO. What Happened: Coinbase announced in a blog post it has confidentially submitted its registration for an IPO by filing its S-1. Coinbase last raised funds in 2018 at an $8 billion valuation. The company was valued at $1.6 billion in 2017. Investors in the company include Tiger Global, Andreessen Horowitz, New York Stock Exchange, BBVA and former Citigroup (NYSE:C) CEO Vikram Pandit. Why It’s Important: The IPO of Coinb...