Bitcoin Promoters Pay Ex-CIA Official For Propaganda
The newly-formed trade group Crypto Council for Innovation has issued a report to address mis-information about Bitcoin. Sadly the report is itself self-serving propaganda.
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Coinbase CEO Sold $291.8M Worth of Shares On Exchange Debut
Last Updated: 21 April 2021
Coinbase CEO and co-founder Brian Armstrong sold $291.8 million worth of his shares on the first day of trading, new filings show.
Millions Of Coinbase Shares Sold On Debut
Filing with the Securities and Exchange Commission (SEC) shows that the Coinbase CEO Brian Armstrong sold about 749,999 shares on the first trading day of the cryptocurrency exchange on Nasdaq.
The report reveals that Armstrong sold three different groups of shares at varied prices of $381 to $410.40.
The total shares sold by Armstrong are less than 2% of his total holdings in the company.
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With Daniel Lippman and Zach Warmbrodt
VENUES STILL WAITING FOR CASH AFTER LOBBYING VICTORY: When the pandemic hit last year, concert and performing arts venues banded together to form the National Independent Venue Association, which spent months lobbying Congress to help them. They succeeded in December: Congress included a grant program for shuttered venues in the Covid relief.
by Tyler Durden
Sunday, Apr 18, 2021 - 08:21 AM
In a crash that started late on Saturday evening and accelerated throughout the night, Bitcoin and the entire cryptocurrency space plunged the most in more than seven weeks, just days after hitting a new all time high ahead of the Coinbase IPO.
Bitcoin fell 12% to $53,400 as of 8:0 a.m. in New York on Sunday, after plunging as much as 15.1% to $51,707.51 in the Asian day. Ethereum, the second-largest token, dropped almost 18% before paring losses.
The market-wide crash has in $1.72 billion worth of long positions liquidated in just one hour alone.
Expanding this range to 24-hours shows that 927,000 traders’ positions worth nearly $10 billion were wiped off, with $68.73 million being the largest liquidation so far according to FX street.
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A week before Coinbase made its blockbuster debut on Wall Street on Wednesday, the cryptocurrency exchange was part of a much quieter, but symbolically important, launch in Washington, D.C.
Yep, here come the lobbyists.
Along with the asset manager Fidelity, the payments company Square and the investment firm Paradigm, Coinbase established a new trade group with “a mission to unlock the transformational promise of crypto.” The Crypto Council for Innovation hopes to influence policies that will be critical for expanding the use of cryptocurrencies in conjunction with traditional finance (and, by extension, the businesses of the group’s members).