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public exchange:

    By MICHELLE CHAPMAN, AP Business Writer Coinbase has filed papers with U.S. regulators to become a publicly traded company as digital currencies continue to march toward mainstream acceptance. The digital currency exchange is seeking a direct listing, which would allow company insiders and early investors to convert their stakes in Coinbase into publicly traded stock. In a Thursday filing with the Securities and Exchange Commission, Coinbase also revealed how interest in digital currency is gaining steam on the exchange. Revenue more than doubled to $1.14 billion in 2020 and the company swung to a profit of $322.3 million after losing tens of millions the previous year. There were 43 million verified Coinbase users in 2020, with 2.8 million making transactions monthly. Coinbase is taking the step toward becoming public at at time when chatter about cryptocurrencies is everywhere, even at the U.S. Federal Reserve. Tesla this month said that it...
    Coinbase has filed papers with U.S. regulators to become a publicly traded company as digital currencies continue to march toward mainstream acceptance. The digital currency exchange is seeking a direct listing, which would allow company insiders and early investors to convert their stakes in Coinbase into publicly traded stock. In a Thursday filing with the Securities and Exchange Commission, Coinbase also revealed how interest in digital currency is gaining steam on the exchange. Revenue more than doubled to $1.14 billion in 2020 and the company swung to a profit of $322.3 million after losing tens of millions the previous year. There were 43 million verified Coinbase users in 2020, with 2.8 million making transactions monthly. Coinbase is taking the step toward becoming public at at time when chatter about cryptocurrencies is everywhere, even at the U.S. Federal Reserve. Tesla this month said that it was buying $1.5...
    New York (CNN Business)Digital currency exchange Coinbase has officially filed to go public, riding a wave of bitcoin enthusiasm that has sent the cryptocurrency markets soaring.Founded in 2012, Coinbase helps users buy, sell, and store cryptocurrencies such as bitcoin and ethereum. The digital brokerage, which competes with Coinmama, CEX.IO and Gemini, announced plans to go public in December.The company said it plans to list its shares on the Nasdaq exchange under the ticker symbol "COIN." More than 43 million investors in more than 100 countries use Coinbase, accounting for $455 billion in trades and $90 billion in assets on the platform, according to the company's website. Everything you need to know about bitcoinAfter years of skepticism, leading cryptocurrency bitcoin (ARSC) is finally gaining mainstream credibility. Interest in bitcoin and other cryptocurrencies has soared during the coronavirus pandemic, and some investors have flocked to digital currencies as the US dollar weakens.The...
    (Reuters) - Video game platform Roblox Corp revived plans to go public and said it expects its shares to start trading on the New York Stock Exchange on March 10, a regulatory filing showed on Monday. The company had postponed plans to go public through a direct listing because of the U.S. Securities and Exchange Commission's scrutiny of how it recognizes revenue in its finances, Reuters reported in January. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Shounak Dasgupta) Copyright 2021 Thomson Reuters. Tags: United States
    Key facts: The ASIC maker for bitcoin could increase the share offering to 19.2 million. Ebang expects to close the public offering on February 16, 2021. Ebang International Holdings, the Chinese manufacturer of ASIC equipment for Bitcoin mining, expects to raise USD 70 million from the commercialization of 16 million Class A shares. The sale of the shares will be made through an Initial Public Offering (IPO), for which established a price of USD 5 per unit. In a statement, published on February 11, 2021, the company explained that it does not rule out increasing this offer to a maximum of 19.2 million shares. It specified that each of these units consists of a Class A share, as well as a guarantee to buy half of a Class A share of the company. “For every two purchase orders there will be a compensation of...
    Coinbase Global will list on the stock market via a direct listing, the US cryptocurrency exchange said in a blog post Thursday. Reuters had reported in July the company was exploring going public via a direct listing. A direct listing allows insiders to sell instantly and without the support of traditional underwriters, which can be a recipe for potentially high volatility in early trading. Coinbase in December said it had confidentially applied with the Securities and Exchange Commission to go public, a move that would make it the first major US cryptocurrency exchange to list on the stock market. If the SEC approves Coinbase’s listing plans, it would represent a landmark victory for cryptocurrency advocates vying for mainstream endorsement. Many cryptocurrencies have struggled to win the trust of mainstream investors and the general public due to their speculative nature and potential for money laundering. Founded in 2012, Coinbase is among the most well-known cryptocurrency...
    The Coinbase cryptocurrency exchange application seen on the screen of an iPhone.Getty Images Digital currency exchange Coinbase announced Thursday that it's seeking to go public through a direct listing, skirting the traditional IPO route. Founded in 2012, Coinbase has grown to become the largest digital currency exchange in the U.S., and is hitting the public market amid renewed investor interest in cryptocurrencies. Bitcoin is trading over $32,0000, up over 260% in the past year. Coinbase is jumping on the trend of companies choosing direct listings rather than IPOs to avoid diluting their existing shareholders and handing over cheap stock to new investors. Spotify was the first significant tech company to go that route in 2018. Since then, Slack, Palantir and Asana have followed, and game company Roblox expects to pursue a direct listing next month. Coinbase announced its original intent to go public in mid-December. Subscribe to CNBC on YouTube.Related...
    New York (CNN Business)As bitcoin surges to all-time highs, the most prominent cryptocurrency exchange has signaled its intent to go public.Cryptocurrency brokerage Coinbase said Thursday that it has filed a draft registration statement with the Securities and Exchange Commission, paving the way for plans for an eventual initial public offering.Bitcoin tops $20,000 milestone and continues to surge to record highsThe announcement comes as interest in bitcoin and other cryptocurrencies has soared during the coronavirus pandemic. Investors have found such currencies attractive as the US dollar weakens. Bitcoin has been smashing its own price records and recently surpassed the symbolic $20,000-a-coin milestone. It has since continued to climb higher, and was last trading just shy of $23,000, according to data provider Refinitiv. Coinbase was launched in 2012, according to its website, and "more than 35 million people in over 100 countries trust Coinbase to buy, sell, store, use and earn cryptocurrency."...
    California Deaths Hit Record; N.Y. Toll Above 100: Virus Update Biden picks Rep. Haaland to lead Interior, would be first Native American in cabinet Cryptocurrency Exchange Coinbase Says It Filed to Go Public (Bloomberg) -- Coinbase Global Inc., the cryptocurrency exchange, said it has filed confidentially with the U.S. Securities and Exchange Commission to go public. © Bloomberg Signage is displayed at the front desk of the Coinbase Inc. office in San Francisco, California, U.S., on Friday, Dec. 1, 2017. Coinbase wants to use digital money to reinvent finance. In the company's version of the future, loans, venture capital, money transfers, accounts receivable and stock trading can all be done with electronic currency, using Coinbase instead of banks. The San Francisco-based company said in a statement that it expects its draft registration filing to become effective after the SEC completes its review process. The company didn’t provide further details...
    (Reuters) - Coinbase Global Inc has confidentially applied with the U.S. Securities and Exchange Commission to go public, the company said on Thursday, making it the first major U.S. cryptocurrency exchange to consider a stock-market listing. Coinbase's announcement comes as Bitcoin rose to a record high on Thursday, just a day after passing the $20,000 milestone for the first time, amid surging interest from larger investors. Reuters reported in July that Coinbase started plans for a stock market listing and was exploring going public via a direct listing instead of a traditional initial public offering (IPO). Coinbase did not specify in its statement whether it would pursue an IPO or a direct listing. https://bit.ly/3ahJEyB (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Anil D'Silva) Copyright 2020 Thomson Reuters. Tags: United States
    A COLOMBIAN judge has come under investigation after sharing saucy snaps of her in lingerie in exchange for clothing discounts. First Municipal Criminal Judge Vivian Polania is being investigated over allegedly undermining public belief in the judiciary. 5The Criminal Judge posts selfies of herself in lingerie to her Instagram accountCredit: @vivianpolaniaf/Newsflash 5Vivian Polania told a local media outlet how she has received sponsorship deals after gaining a large followingCredit: @vivianpolaniaf/Newsflash The judge, who works in the Colombian city of Cucuta, was first brought under investigation after a local newspaper published a piece on her entitled "Vivian Polania Franco, A Versatile Judge" on September 6. During the interview, Polania spoke about her career leading up to being a judge and her love of CrossFit, which she said sculpted her body to what it is today. Polania told "La Opinion" how she received a wave of new followers after her body changed....
    MSNBC host Joe Scarborough slammed Attorney General William Barr after claiming he was unaware of state laws on the legality of voting twice. In an interview with CNN's Wolf Blitzer, Barr tiptoed around a question regarding President Trump's comments at a recent campaign stop in North Carolina encouraging voters to show up to the polls on Election Day and file an absentee ballot. "He is an extraordinarily bad public servant," Scarborough said, referring to Barr. His co-host and wife, Mika Brzezinski, added that Barr was a "bad guy" after showing the clip of him appearing confused. Barr said he didn't know the state law in North Carolina, prompting push back by Blitzer confirming that it's illegal to vote twice. "Maybe you can change your vote up to a particular time. I don't know what the law is" Barr said. Barr also brushed off the question asking if...
    PITTSBURGH (KDKA) – Starting today, the push to get the necessary technology to Pittsburgh Public School students will begin. Seniors at Pittsburgh Public Schools will be the first to start this computer exchange distribution program. With the school decided to make the first nine weeks of the school year online, these devices will be essential for learning. School is scheduled to begin on August 31 and it’s been a challenge for the district to get enough laptops and Chromebooks ready for the beginning of the year. Pittsburgh Public Schools has 23,000 students and because of the enormous demand, there is a backlog. Another issue is that last year’s technology has become outdated so laptops need to be returned to the district in order to install new technology. At last check, the district has ordered over 26,000 devices for students and teachers but only 7,000...
    MESQUITE, Texas (CBSDFW.COM) – It is popular way to buy and sell things, but it can be dangerous if it’s done at the wrong place at the wrong time. Mesquite Police warned Friday, the rate of internet sales exchanges resulting in thefts in Mesquite is rising towards about 20% of all robberies in the community. Two years ago, about 5% of all robberies in Mesquite were the result of thefts during the exchange of items from a sale made over the internet. The Mesquite Police Department is reminding the public not to be a victim of opportunity, but to use opportunities for safe internet exchanges. “Don’t become a victim of opportunity,” said Mesquite Police Lieutenant and Public Information Officer Stephen Biggs. “Selling to strangers in a secluded area is a recipe for a robbery, assault or worse.” Mesquite Police recently arrested two people who are suspected of assaulting someone who...
    Eric Jing, CEO of Ant FinancialBobby Yip | Reuters Chinese fintech firm Ant Financial has begun the process of a concurrent initial public offering in Shanghai and Hong Kong. Ant, an affiliate of e-commerce giant Alibaba, said Monday that it would list its shares on both the Shanghai stock exchange's STAR — a Nasdaq-style tech board — and the Hong Kong stock exchange. The dual listing will help Ant "accelerate its goal of digitizing the service industry in China," the company said. "Becoming a public company will enhance transparency to our stakeholders, including customers, business partners, employees, shareholders and regulators," Ant CEO Eric Jing said in a statement. "Through our commitment to serving the under-served, we make it possible for the whole of society to share our growth." Ant did not disclose how much it was seeking to raise in the dual IPOs or when it would go public. The...
    Four members of the Toledo City Council accepted bribes in exchange for their votes, according to court documents from the FBI. The four council members, Larry Sykes, Yvonne Harper, Gary Johnson, and Tyrone Riley, were among the five people charged in Toledo, Ohio, on Tuesday morning as part of an investigation into a bribery scheme with the city council. All four were charged with bribery in connection to programs receiving federal funds and extortion under the Hobbs Act. Eric Smith, the special agent in charge of the Cleveland field office, said that the investigation into the four officers started in 2018 when the FBI was notified that members of the council were soliciting and accepting cash bribes from business owners in exchange for council votes. He said that the two-year investigation yielded recordings, surveillance, and financial records that implicated the four members in the bribery scheme. "Citizens must...
    NEW YORK (WABC) -- The famed Charging Bull statue can't be moved from its current location, according to the Public Design Commission.Mayor Bill de Blasio wants to move the Charging Bull from Bowling Green to the front of the New York Stock Exchange.The statue's artist previously said moving the masterpiece would void his copyright and trademark by turning the Charging Bull into the New York Exchange Bull.The city and the Department of Transportation say they are reviewing the feedback.----------* Get Eyewitness News Delivered * More Manhattan news* Send us a news tip* Download the abc7NY app for breaking news alerts * Follow us on YouTube
    A public review panel has neutered Mayor Bill de Blasio’s plan to move the famed Charging Bull statue from its current location at Bowling Green to the front of the New York Stock Exchange, largely citing aesthetic concerns. The 11-member Public Design Commission voted unanimously to reject the alternate site on Broad Street just south of Wall Street that was proposed by the city’s Dept. of Transportation. “I am pleased that the NYC Public Design Commission today rejected the proposal to relocate Charging Bull by artist Arturo Di Modica, from the northern corner of Bowling Green Park to Broad Street near the New York Stock Exchange,” said Manny Alicandro, attorney for Di Modica. “The local community residents and Mr. Di Modica, who were resoundingly opposed to this move, successfully advocated that the iconic Charging Bull should remain in its present location at Bowling Green,” Alicandro said. Di Modica had...
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