The upcoming direct listing of Coinbase is making many well-deserved headlines, but let’s take a look at a few of the longer term implications that could result from this first-of-its-kind event. Getty SOPA Images/LightRocket via Getty Images A potential valuation of nearly $100 billion, billions in revenue, highly profitable operations, and a fast-growing customer base that already numbers in the millions; what more could an organization ask for? The Q1 earnings of… Source link

The Case For Monero Monero has all the attributes to be ranked among the top-tier cryptocurrencies. However, the project has been hit by a slew of negative reports. By its very nature as a privacy coin, Monero has shouldered the blame for cryptocurrency wallet and exchange hacks. Despite these challenges, Monero’s community-driven network, dynamic use of block size, and proven track record are all factors that make a strong case for the cryptocurrency. Founded in 2014, Monero has had a… Source link

Bloomberg Amundi Buys SocGen’s Lyxor in Bid To Reshape Europe’s ETF Sector (Bloomberg) — Amundi SA agreed to buy Societe Generale SA’s fund management arm Lyxor as outgoing Chief Executive Officer Yves Perrier used his last major deal to upend Europe’s exchange-traded funds industry.The Paris-based firm has entered into exclusive talks with SocGen for an 825 million euro ($980 million) cash deal, according to a statement Wednesday. The acquisition, expected to close by February next… Source link

Ethereum Ethereum rose by 0.26% on Tuesday. Following a 1.48% gain on Monday, Ethereum ended the day at $2,113.00. A bullish start to the day saw Ethereum rise to an early morning intraday high and a new swing hi $2,151.00 before hitting reverse. Coming within range of the first major resistance level at $2,158, Ethereum fell to an early afternoon intraday low $2,046.08. Steering clear of the first major support level at $2,030, Ethereum revisited $2,130 levels before easing back. At the time of… Source link

A group of researchers have warned China that without more stringent regulations and policy changes, the amount of bitcoin mining performed in the country could undermine global sustainability efforts. The energy consumption and carbon emissions associated with bitcoin mining are accelerating rapidly in China, the researchers claim in work published in Nature Communications this week.  The researchers… Source link

Bitcoin‘s (CRYPTO: BTC) struggle to breach $60,000 has proved that the price is a crucial resistance level in the current bull run. What Happened: However, the cryptocurrency has also found strong support at $50,000 and an even stronger price floor at $40,000, according to research from Chainalysis. According to the firm’s chief economist, Philip Gradwell, recent data indicates “strong support for high prices.” Gradwell finds that 3.1 million Bitcoins have… Source link

Mark Cuban, the billionaire investor made famous by the reality television series Shark Tank, has changed his tune on bitcoin and cryptocurrencies in recent months. Cuban made headlines when he said he’d “rather have bananas than bitcoin,” calling crypto “too complicated.” But the Dallas Mavericks owner has since come around to cryptocurrencies, praising the emerging decentralized finance (DeFi) space—which is largely built on top of the second-largest cryptocurrency after bitcoin,… Source link

Topline The Sacramento Kings plan to offer bitcoin as a payment option to all players and coaches, the team’s owner, Vivek Ranadivé, said Monday night, in the most recent example of the NBA’s rush to embrace cryptocurrency and digital assets.  Owner of the Los Angeles Clippers, Steve Ballmer, (L) poses with owner of the Sacramento Kings, … [+] Vivek Ranadivé, (R) before a game at Golden 1 Center on March 01, 2019 in Sacramento, California. (Photo by Cassy Athena/Getty Images) … Source link

Litecoin has been among the worst performers in the crypto market in 2020 and 2021 thus far, despite the coin’s longevity in the top ten assets by market cap. The coin’s fortunes could soon turn completely around, due to what looks to be a monster-sized move brewing against Bitcoin on the altcoin trading pair. Here’s why technicals suggest that near and mid-term Litecoin should outperform the top cryptocurrency by miles. Litecoin Longevity Helps Altcoin Maintain Top Ten Crypto Cap… Source link

Bitcoin trading on CoinbaseSource: TradingView Bitcoin (BTC) was trading around $58,246.41 as of 20:00 UTC (4 p.m. ET). Slipping 1.31% over the previous 24 hours. Bitcoin’s 24-hour range: $57,421.85-$59,484.20 (CoinDesk 20) BTC trades below its 10-hour and 50-hour averages on the hourly chart, a bearish signal for market technicians. Bitcoin’s futures premium creeps back up Source: Skew Recently, bitcoin’s price movements have been, well, less exciting than the triple- and sometimes… Source link