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Coinbase, one of the biggest and most established cryptocurrency exchanges in the world, has filed to go public via a direct listing in the US. The listing - which has been described as a "break-through moment" for the industry - will see shares of Coinbase trade on the Nasdaq following a direct listing.
The company filed its S-1 Thursday morning, offering the most insight yet into the firm's financials.
Coinbase, which has seen its revenue explode over the last 12 months, is hoping to list under the ticker "COIN".
Axios reported earlier this month that Coinbase was valued at just over $100B during its most recent private fundraising round.
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At that valuation, COIN would clinch the highest IPO valuation ever, higher than Uber and Facebook.
... Coinbase ... reported about $1.8 billion in revenue, a 9x increase from the prior year, and a net income of $730M to $800M on an adjusted EBITDA of about $1.1 billion. In addition, the company boasted 56M verified users (13M of them added in Q1 alone) and 6.1M monthly transacting users (+3.3M in Q1). Revenue growth over the last quarter was 207.6%, net income was up 312.9% and volume traded was up 272%.
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Good time to get in or sit quietly by and watch ?
... Yes, Do Chen offered to create me a wallet and donate some bitcoin to get me started but I held out ...
Chainlink (LINK) co-founder Sergey Nazarov revealed that the oracle provider has partnered with the interbank messaging system SWIFT to develop a new proof-of-concept (PoC) project that will enable traditional finance firms to transact on blockchain networks.
Nazarov announced the new endeavor at its SmartCon 2022 Conference in New York on Sept. 28 in conjunction with SWIFT strategy director Jonathan Ehrenfeld Solé.
By utilizing Chainlink’s cross-chain interoperability protocol (CCIP), the PoC will allow SWIFT messages to instruct token transfers across nearly every blockchain network. This will help to accelerate the adoption of distributed ledger technology (DLT) blockchains across capital markets and traditional finance, Nazarov said.
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The main issue with SWIFT is that transactions can take several days to complete, which is not exactly convenient in an increasingly fast-paced world of global trade and business. To help combat this, the organization recently revealed a new pilot program with Symbiont to explore the integration of blockchain technology to help improve its system.
The firm has also been exploring the use of central bank digital currencies (CBDCs) to facilitate faster payments.
By collaborating with Chainlink, SWIFT member institutions will be able to incorporate the capabilities of blockchain without having to replace, develop or integrate new connections with legacy systems – an undertaking that would require significant modifications a come with an “exceptionally high” cost.
This is not the first collaboration between SWIFT and Chainlink, as the pair had previously worked together to explore bond issuance and redemption, according to Solé.
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SWIFT partners with Chainlink to develop cross-chain crypto transactions
SWIFT has partnered with Chainlink to develop a new proof-of-concept project that will enable traditional finance firms to transact on blockchain networks.www.kitco.com
I'm honestly not entirely sure what to make of this news. What blockchains is SWIFT hoping to utilize? Are CBDCs much closer to reality than we think or would SWIFT really use an existing tech like Etherium?
Yes, and Immediately trade it for Bitcoin.Yes, coinbase still has quite a few of them. They typically reward you with about $3 worth of some obscure crypto for watching a short video and answering a few very easy multiple choice questions.
... Fidelity Investments has launched a new Ethereum Index Fund that will provide its clients with exposure to Ether (ETH), according to a document the firm filed with the SEC on Sept. 26.
The new fund accepts minimum outside investments of $50,000 and it has already seen more than $5 million in reported sales.
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This most recent development follows last month's revelation that Fidelity Investments is mulling over the idea of letting all of its retail customers have access to trading Bitcoin (BTC) directly through the brokerage platform.
Fidelity Digital Assets is also part of a group of institutions that are backing the launch of EDX Markets (EDXM), “a first-of-its-kind exchange that will address latent demand for digital asset trading by enabling safe and compliant trading of digital assets through trusted intermediaries.”
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If you have any specific questions just holler. The main hurdle you are going to have is an onramp. I use Coinbase. It's the easiest. I buy it and transfer it out of there. You could also try and find a local BTC ATM. Either way, you will have to deal with KYC. The only way around that I know of is if you buy privately from someone you know.I am finally looking to actually buy into some Crypto. But I will NOT be going mainstream and do not want a Coinbase or other trading account. I really would want some Monero, Dero, or some other more private coins but have no idea where to buy, etc. I might also actually try the Gamestop marketplace and start playing a Web3 game. So why not make my first purchase into an NFT for it too? Mostly to figure this crap out.
I was shocked when a local liquor store chain (Spec's) joined a promotional roll-out of bitcoin ATMs at all of their stores (at least all the ones near me).... You could also try and find a local BTC ATM. ...
Yeah, I like ole Jeff Berwick a lot. I don't subscribe to his newsletter, but I always enjoy his videos.I mostly would follow the Dollar Vigilante guy for crypto recommendations... But I have yet to do so. I think most of his video's / thinking is right on and he was pretty early in the space.
The Dollar Vigilante | Surviving And Prospering During And After The Dollar Collapse
A dollar vigilante is a free market individual who protests the government monopoly on money and financial policies such as fractional reserve banking and un-backed fiat currencies by selling those same fiat currencies in favor of other assets, often including gold, silver, foreign real estate...dollarvigilante.com
I haven't heard anything yet.does anyone know if the Volcano Bonds have been issued?
thanks
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