Category: Bitcoin

Cryptocurrency giant Coinbase is going public today. The new ticker COIN marks a watershed moment for the crypto industry at large, which has watched its total market capitalization top $2 trillion. The highly-anticipated listing, set for Wednesday, established COIN at a reference price of $250. COIN quickly soared to $424 before dropping to $398. At

Time Magazine is bringing Bitcoin and crypto assets one step closer to mainstream adoption. In a new tweet, Michael Sonnenshein, head of crypto investment giant Grayscale, says that the firm is teaming up with the iconic 98-year-old media publisher to produce a video series about the crypto space. Sonnenshein adds that Time and its board

Kraken CEO Jesse Powell is cautioning that cryptocurrencies could come under government-imposed restrictions. Speaking to CNBC, Powell says that such restrictions could end up destroying the original mission of cryptocurrencies. “I think there could be some crackdown… Something like that could really hurt crypto and kind of kill the original use case, which was to

Bitcoin (BTC) and Ether (ETH) have continually surged toward record highs, causing the futures market of Bitcoin to see a substantial increase in volume and open interest. The term “open interest” refers to the total sum of active trades in the Bitcoin derivatives market. Currently, the open interest of the Bitcoin futures market is hovering

Coinbase CEO Brian Armstrong has addressed the platform’s transaction fees as the company’s shares list on Nasdaq today. In a CNBC Squawk Box interview on Wednesday, Armstrong discussed public concerns associated with Coinbase’s massive returns coming from transaction fees. As previously reported, nearly 96% of Coinbase’s entire revenue in 2020 was generated from transaction fees

As the price of Bitcoin continues to reach new all-time highs, major corporations with existing crypto offerings in place are beginning to discuss grand plans for the future.  Most recently, Dan Schulman, CEO of PayPal, hinted at future developments for PayPal’s crypto offering during Forbes’ “2021 Blockchain 50 Symposium: Crypto Goes Corporate,” an online event

Bitcoin (BTC) can surge to $92,000 in the next two weeks and still “only” be matching its past performance, new data claims. In a tweet on Wednesday, PlanB, the analyst behind the stock-to-flow family of Bitcoin price models, noted that despite this week’s gains, BTC/USD still has plenty of energy in it. PlanB focused on

The Purpose Investments ETF, the first Bitcoin (BTC) exchange-traded fund to launch in North America, has seen its assets under management soar to $1.1 billion less than two months after launching. Two Bitcoin ETFs that launched shortly after Purpose’s in Canada have also seen their AUM’s swell to a combined $200 million in the same

Widely-followed on-chain data analyst Willy Woo says that Bitcoin will see a time where it’s less volatile than fiat money. In a series of tweets, the prominent crypto trader counters the argument that Bitcoin is too volatile to be used as money or a stable unit of account. Woo compares the gradual decrease in Bitcoin’s

Open interest in Bitcoin futures has surged to new record highs ahead of Coinbase’s April 14 direct listing on the Nasdaq. Crypto market data aggregator Glassode states that Bitcoin open interest has exceeded $27 billion for the first time as Bitcoin pushed into new record highs above $63,000. The milestone suggests traders may be speculating