South Korean crypto exchange giant Bithumb is reportedly exploring the possibility of listing on the US NASDAQ, as discussed during a shareholder meeting on Monday. The company has indicated that it is open to considering “all possibilities” regarding where to launch its initial public offering (IPO). Bithumb Looks Beyond KOSDAQ Korea Economic Daily revealed the latest...Read More
Matrixport’s recent report highlights bitcoin’s impressive performance, outpacing the Nasdaq Index by 73% over the past two years. The company emphasized on X that Bitcoin is increasingly seen as a strategic investment, offering diversification and risk mitigation in investment portfolios, as well as representing a stake in the future of technology. Bitcoin Outperforms Nasdaq Index...Read More
Bitcoin and Ethereum have emerged as the most profitable assets in the first half of 2024. The cryptocurrencies have outperformed various traditional investments, including the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds. Bitcoin and Ethereum Lead Asset Classes in 2024 According to a July 1 X post by Matrixport, “2024 is...Read More
Nasdaq, the renowned stock exchange, has officially filed with the Securities and Exchange Commission (SEC) to list an Ethereum ETF in partnership with Brazilian asset manager Hashdex, who expressed interest in holding both spot ether and futures contracts. Nasdaq Partners with Hashdex on ETH ETF Application The partnership will result in the creation of the...Read More
Bitcoin Depot – a US-based Bitcoin ATM provider – announced it will start trading on Nasdaq on July 3 after partnering with the fintech company GSR II Meteora Acquisition Corp. Previous reports revealed that the agreement between the two entities is worth $885 million. ‘BTM’ Pops up on Nasdaq The partners announced the finalization of...Read More
Several public Bitcoin miners were on the brink of bankruptcy at the end of last year. But the latest rally in the market infused a sense of careful optimism into the Bitcoin mining sector, resulting in massive gains for most associated stocks. Bitcoin Mining Stocks for the Win As Bitcoin miners slowly escape the incessant...Read More
The Singaporean cryptocurrency miner – Bitdeer – expects to go public on April 14 after finalizing the SPAC merger with Blue Safari Group Acquisition Corp. The former displayed its intentions to enter Nasdaq in November 2021. However, shareholders of Blue Safari delayed the initiative three times in the past several months due to the harsh...Read More
The leading stock exchange – Nasdaq Inc. – could make another push toward the cryptocurrency sector by launching custody services by the end of the second quarter of this year. Fidelity and Bank of New York Mellon are other financial behemoths that offer such options. Ira Auerbach – Senior Vice President and Head of Nasdaq...Read More
The Switzerland-based fintech company – 21Shares AG – unveiled a Bitcoin exchange-traded product on Nasdaq Dubai, making it the first physically-backed BTC ETP in the Middle East. The firm has recently been on a listing spree, introducing Bitcoin and Ethereum ETNs on Nasdaq Stockholm, crypto ETPs on Euronext Paris and Amsterdam, and more. The Latest...Read More
The half-a-century-old financial service giant announced today the formation of a new unit dedicated to the growing cryptocurrency industry. Dubbed Nasdaq Digital Assets, it aims to facilitate the entrance of more institutional participants wanting to explore the asset class. Bloomberg first broke the story, indicating that Nasdaq hired Gemini’s former broker services head – Ira...Read More
Bitcoin has slowly begun to decouple from equities, now nearing its lowest correlation with the stock market in 2022. A 40-day correlation coefficient between Bitcoin and the Nasdaq 100 index has fallen below 0.5 – levels not seen since January, according to Bloomberg. By comparison, the correlation was about 0.6 at the end of last...Read More
The blockchain-based payments company – Roxe Holding – reportedly struck a $3.6 billion SPAC deal with Goldenstone Acquisition Ltd to become a publicly-traded enterprise with a ticker symbol “ROXE.” NASDAQ’s Next Participant Despite the unfavorable condition of the cryptocurrency market, Roxe Holding and Goldenstone Acquisition decided to enter into a $3.6 billion collaboration and join...Read More
The US-based cryptocurrency mining and infrastructure startup – Prime Blockchain Inc. (PrimeBlock) – will reportedly become a publicly-traded company. The organization plans to merge with a blank-check firm in a $1.25 billion deal, including debt. According to a recent Reuters coverage, bitcoin mining company – PrimeBlock – will soon start trading as a publicly-traded company...Read More
Japanese cryptocurrency exchange, Coincheck has announced plans to go public in the United States by entering into a definitive merger agreement with blank-check firm Thunder Bridge Capital Partners IV Inc. The Merger According to the official press release, the merger deal is worth $1.25 billion. Upon closing, the combined company will receive proceeds of $237...Read More
MaiCoin Group – the parent company of Taiwan’s largest crypto platform – is reportedly considering becoming a publicly-traded firm within the next two years. Ambitions for Nasdaq According to a recent coverage by Bloomberg, MaiCoin will soon complete a Series C funding round, after which the exchange’s valuation could reach approximately $400 million. The trading...Read More
Valkyrie’s Bitcoin Miners exchange-traded fund (ETF) has been approved for listing on the U.S. stock exchange Nasdaq Stock Market under the ticker symbol “WGMI.” According to a U.S. Securities and Exchange Commission (SEC) filing on Monday (February 7, 2022), Nasdaq gave approval for the Bitcoin Miners ETF from crypto asset manager Valkyrie to be listed...Read More
Investors of Core Scientific Inc. (a leading US bitcoin mining company) have reportedly approved a plan to get listed on Nasdaq. The firm started trading under the symbol CORZ. Nasdaq’s Newest Member According to a recent report by Bloomberg, the blockchain infrastructure provider – Core Scientific Inc. – will proceed through an estimated $4.3 billion...Read More
The Swiss-based investment product issuer – 21Shares – listed its first two physically-backed Exchange-Traded Notes (ETNs) on Nasdaq Stockholm. The underlying assets of the financial products are respectively Bitcoin and Ethereum. First Issuer of ETNs on Nasdaq Stockholm According to a recent press release, Nasdaq released a new segment for ETNs, a type of debt...Read More
TeraWulf – an American bitcoin mining company – raised around $200 million in debt and equity financing from a group of individual and institutional investors. As a result, the firm expects to achieve a mining capacity of 6 exahash per second or 200 megawatts by the second part of 2022. Furthermore, TeraWulf eyes public listing...Read More
The number of cryptocurrency-related companies aiming to go public continues to increase, with the latest example being Iris Energy Pty. The firm, focused on green Bitcoin mining, has filed with US regulators for a direct listing on Nasdaq this year. Based in Sydney, Australia, Iris Energy is a Bitcoin mining firm that “owns and operates...Read More
Core Scientific, a digital asset mining firm, aims to be the next company from the crypto space in line to become publicly traded at a $4.3 billion evaluation. Instead of an IPO, Core will merge with a SPAC called Power & Digital Infrastructure Acquisition Corp. As reported on July 21st, Core Scientific, a crypto miner...Read More
Victory Capital Holdings has outlined plans to enter the cryptocurrency market through its wholly-owned investment adviser, Victory Capital Management. To do so, the branch has partnered with Nasdaq and crypto-focused asset manager Hashdex. Founded in 2013, Victory Capital Holdings is a US-based asset manager with nearly $160 billion in AUM as of April 30th, 2021....Read More
Cathie Wood’s Ark funds has purchased a total of $352 million worth of Coinbase shares, two days after making its debut on the Nasdaq stock exchange under the ticker, COIN. Ark Funds’ COIN Acquisition Spree Citing data received by email, Bloomberg reports today that Wood’s funds, including the Ark Innovation ETF, Ark Fintech Innovation ETF,...Read More
Coinbase finally started trading on Nasdaq today. The leading US-based cryptocurrency exchange became the first major exchange to have its shares publicly traded. Coinbase’s direct listing on Nasdaq was undoubtedly one of the most highly anticipated events in the entire cryptocurrency industry and the fintech world alike. It took place moments ago, and according to...Read More
With the crypto and perhaps the entire financial world focused on Coinbase’s direct listing scheduled to occur today, Binance announced it will list the stock token after the Nasdaq public listing is complete. Binance to List COIN/BUSD CryptoPotato reported the latest initiative from the world’s leading crypto exchange Binance in which the company introduced zero...Read More
Coinbase, the largest cryptocurrency exchange in the U.S., has announced a date for its highly expected direct listing following approval from the U.S. Securities and Exchange Commission (SEC). In a blog post published on Thursday (April 1, 2021), Coinbase revealed that the direct listing of its Class A common stock would go live on Nasdaq...Read More
After the confidential submission of a draft registration statement to become a publicly-traded company announced last year, Coinbase has taken a major step to be listed on the giant US stock exchange – Nasdaq. CryptoPotato reported earlier that Coinbase had submitted a confidential draft registration statement to the US Securities and Exchange Commission (SEC) to...Read More
The leading US-based cryptocurrency exchange Coinbase assisted in MicroStrategy’s massive purchase of $425 million worth of BTC. The platform pledged to help other large firms diversify their portfolios with bitcoin in the future as well. Coinbase Involved In MicroStrategy’s BTC Purchase The NASDAQ-listed business intelligence firm made the news on two occasions earlier this year...Read More
2020 has been a key year for Bitcoin. There have been key moments of highs and lows but the current market suggests that the digital asset might be saving its best period for the penultimate months. The price speaks for itself. BTC is valued above $15,000 as we speak, taking over major price range one...Read More
After purchasing a sizeable amount of bitcoins for himself and his company, Michael Saylor said that the firm he operates, MicroStrategy, has been running a full node of Bitcoin’s latest core version for over a month. MicroStrategy Runs A Full BTC Node Bitcoin nodes are an essential part of the Bitcoin blockchain peer-to-peer network. Running...Read More
