October 02, 2022

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Uncategorised

Coinbase reportedly hits pre-IPO valuation of $100 billion in private auction

By Greg Thomson,

The major exchange is inching closer to a public offering.

 

 

 

Prominent Bitcoin (BTC) and cryptocurrency exchange Coinbase could be headed for an IPO valuation of $100 billion, after shares reportedly sold for up to $375 each in a private auction.

Shares in Coinbase Global Inc. reportedly traded for a price between $350 and $375 per unit on the Nasdaq private auction market last week, giving the company a pre-IPO valuation of between $90–$100 billion, according to a report by Bloomberg. Trading reportedly ended with the share price at $350.

A Coinbase series E funding round in 2018 first saw the stock valued at a potential $8 billion...

NFTs could be ‘as big or bigger’ than all crypto on Coinbase, CEO says

By Helen Partz,

Ten times as many people have signed up for Coinbase’s upcoming NFT platform than OpenSea saw in total over the past 30 days.

As cryptocurrency exchange...

Rocket Pool Eth2 staking service launches, hits stage two cap in 45 seconds

By Keira Wright,

The Eth2 staking provider only requires 16 ETH to run a minipool, and stakers with as little as 0.01 ETH can put their crypto to work on the Beacon Chain.

...

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