$8 billion crypto startup Coinbase files draft S1 to SEC in preparation of IPOBTC $22,635 (-1.9%) • ETH $640 (-3.4%) • XRP $0.57 (+1.1%)
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On Thursday, Coinbase revealed via its Twitter and blog that it has confidentially submitted a draft registration (S1) form to the Securities and Exchange Commission (SEC). In traditional finance, a Form S1 is often filed by companies seeking a public offering. This would mean that Coinbase is planning on going public, over a year after it raised a large sum of capital at an $8 billion valuation. While there were some doubts about the valuation previously, many expect the market to value the firm above $8 billion as Bitcoin pushes to new all-time highs, as institutions embrace crypto, and as money is easier to get for institutions than ever before. Analysis by crypto-asset research firm Messari indicates that the firm could be the industry’s first mega IPO. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins Featured videoIs Bitcoin the orange pill? Max Keiser and Stacy Herbert discuss what everyone gets wrong about BTC
The Bitcoin boom in 2020 is undoubtedly one for the history books. The year is turning out to be one where the pioneer cryptocurrency has shed off its underground image and has found its way to the portfolios of legendary investors, software companies, and even sovereign funds. More news ⏬Why OG altcoins like XRP are now just starting to rallyThe XRP price has started to recover along with other “OG” altcoins. One of Bitcoin’s earliest users might soon get a U.S. presidential pardonSilk Road founder Ross Ulbricht, who operated the dark web site from 2011 to 2013 before his arrest, could soon get pardoned by US President Donald Trump if things work out. Silk Road was among the first public businesses to use Bitcoin, a move that helped bolster the asset’s use case. Chinese state TV covers Bitcoin pushing 20% above $20,000Finally, the world’s eyes are on Bitcoin. Compound-integrated ‘DeFi Earn’ goes live on Crypto.comThe centralized decentralized finance (DeFi) application will support over six altcoins and allow holders to earn a yield on their collateral in a safe manner. Cardano announces integration with Wolfram Alpha to create a new type of oracleIOHK, the company behind Cardano, announced that it partnered with Wolfram Blockchain Labs to integrate the Cardano blockchain into Wolfram Alpha. How to make venture capital work for blockchain and crypto startupsInnovation across all sectors has long been supported by investors. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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