Bank of America upgraded Coinbase shares to buy from neutral, leaving the price target unchanged at $340.The upgrade was due to increasing signs of revenue diversification beyond just retail crypto trading, a trend which it thinks will accelerate further this year, the bank said in a note on Thursday.The bank forecasts subscription and services revenue to increase to 16% of the … [Read more...] about BofA Upgrades Coinbase to Buy, Sees Revenue Diversification Beyond Retail Crypto Trading
diversification
Diversification into Bitcoin a ‘prudent move,’ says Bloomberg strategist
Bitcoin (BTC) price has retreated by more than 40% after topping out near $65,000 in mid-April. But that is not enough to derail the flagship cryptocurrency's long-term bull trend, especially as global markets grapple with declining national currencies and the prospect of a commodity market crash.So believes Mike McGlone, the senior commodity strategist at Bloomberg … [Read more...] about Diversification into Bitcoin a ‘prudent move,’ says Bloomberg strategist
Bancor releases no-liquidation lending with Vortex as AMMs continue diversification
Automated market maker exchange Bancor has rolled out a new mechanism that allows users to increase their capital efficiency while providing liquidity in its pools.Called Vortex, the solution allows users providing liquidity in BNT, Bancor’s utility token, to borrow funds while continuing to obtain yield from swap fees.The Vortex mechanism reworks the existing mechanism of … [Read more...] about Bancor releases no-liquidation lending with Vortex as AMMs continue diversification
Badger DAO announces $21 million treasury diversification via VC partners
Some major venture capital names are ‘sett’ to join the Badger DAO community. Bitcoin on Ethereum-focused decentralized finance (DeFi) protocol Badger DAO announced today a $21 million sale of DAO treasury assets to four major investors: Polychain Capital, Parafi Capital, Blockchain Capital, and noted whale wallet 0xB1. The sale was made as part of a wider “Treasury … [Read more...] about Badger DAO announces $21 million treasury diversification via VC partners