These Pros Think News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 Capital, PayPal Holding Inc’s (NASDAQ:PYPL) venture capital arm, RIT Capital Partners plc (OTC:...

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 doesn't recommend shorting bitcoin or any other cryptocurrency, even at all-time highs. Back in 2017, Tilson said bitcoin was demonstrating signs of a classic market bu...

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 Coinbase comes as Bitcoin prices hit all-time highs and crossed $20,000 on Wednesday. This would mark the...