Garry Tan, a prominent angel investor and the founder of Initialized Capital, was one of the first investors to provide seed funding to Coinbase eight years ago. Less than a decade later, and after today's highly anticipated Nasdaq listing for Coinbase's COIN stock, Tan's 2013 investment of $300,000 into Coinbase is now worth $2.4 billion.Coinbase debuted on the Nasdaq on April … [Read more...] about Garry Tan’s 2013 investment of $300K in Coinbase is now worth $2.4B
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Finance officials pour cold water on cryptocurrency amid Coinbase celebrations
Finance officials from both sides of the globe are taking the opportunity to criticize the value and utility of cryptocurrencies as media focus intensifies on the space following Coinbase’s direct listing on the Nasdaq. Bank of Korea governor Lee Ju-yeol said cryptocurrencies had “considerable limitations” as a method of payment, following a monetary policy meeting on Thursday, … [Read more...] about Finance officials pour cold water on cryptocurrency amid Coinbase celebrations
Cathie Woods’ Ark buys a further $110M worth of Coinbase shares
Three exchange-traded funds, or ETFs, offered by Cathie Wood’s Ark Invest, including the flagship Ark Innovation ETF, all added further shares in Coinbase Global Inc. (COIN) to their positions on Thursday, April 15.According to a report from Reuters, the Ark Innovation ETF, Ark Next Generation Internet ETF, and Ark Fintech Innovation ETF purchased a combined total of 341,186 … [Read more...] about Cathie Woods’ Ark buys a further $110M worth of Coinbase shares
Coinbase listing scorned, graphics cards seized, nostalgia coins rule
It was a relatively quiet week in China’s blockchain space as events were overshadowed by the surge in the BTC price and the Coinbase direct listing in the U.S. Many locals reacted with surprise to the news, showing that exposure to cryptocurrencies is still relatively isolated in the world’s most populous country. Many netizens responded skeptically to the Coinbase story, with … [Read more...] about Coinbase listing scorned, graphics cards seized, nostalgia coins rule
This message was included in a Bitcoin block after the Coinbase listing
Expect hidden messages to pop on Bitcoin every time something iconic happens. Yesterday, after crypto exchange Coinbase offered its shares to the public for the first time, a message embedded on the block contained a newspaper headline that screamed of government extravagance.The Coinbase stamp“On 03/Jan/2009, Satoshi coded a message into the Bitcoin Genesis Block. As a nod to … [Read more...] about This message was included in a Bitcoin block after the Coinbase listing