Bitcoin Reaches Record High Above $64000

Bitcoin hit an all-time record of $64,841 on Wednesday morning while the world awaited the launch of Coinbase’s IPO, according to CNBC, citing data from Coin Metrics.

After years of doubt from Wall Street and regulators, Coinbase would go public on April 14 when it lists its shares on the public stock market via direct listing that could value the company at as much as $100 billion — more than other trading venues such as Intercontinental Exchange, owner of the New York Stock Exchange, as reported by CNBC.

Following the company’s quarterly earnings call on April 6, Coinbase stated that its monthly transacting users have grown 117% quarter-on-quarter, with a net income of as much as $800 million since the start of 2021.

“We updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity,” wrote Tesla in a statement on the company’s website.

Goldman Sachs and Morgan Stanley, two of the world’s foremost investment banks, are also looking to expose clients to Bitcoin.

“This is really good and really important for the industry,” Marcus Swanepoel, CEO and co-founder of London-based cryptocurrency platform Luno, told CNBC.


Gilbert, who built much of his fortune through mortgage lending company Quicken Loans, acquired the Cavaliers from Gund in 2005 for a reported $375 million.

The blockbuster merger underscores Wall Street’s mania for the deals in which listed shells take private companies public, with a record $100 billion raised through initial public offerings in the United States this year.

Meanwhile, the shares rallied as much as 23%, snapping a seven-day losing streak.The decision to repay debt caps months of speculation among investors on whether GameStop would be able to capitalize on a stock rally fueled by an army of day traders who share tips on Reddit.

Every major direct listing has so far opened significantly above its reference price, with Roblox shares debuting at $64 each –- 42% higher than the number set by the exchange.Coinbase shares changed hands at a roughly $90 billion valuation in early March, Bloomberg News reported at the time, in what was one of the last chances for investors to trade its private stock before the company went public.Digital Currency Group founder Barry Silbert, who’s built an empire that spans the crypto world, tweeted Tuesday that his shares would definitely not be changing hands at the reference price, in an early sign that the stock was set for a pop at the open.Direct listings are an alternative to a traditional initial public offering that has only been deployed a handful of times.

since April 1, Bloomberg-compiled data showThe slump comes after new rules from markets regulator Securities & Exchange Board of India came into effect April 1.

Joby Aviation, which is going public through a merger with Reinvent Technology Partners in service by 2026.

These efforts build on agreements made before Brexit came into effect at the start of the year, which pledged to minimize disruption in transatlantic financial markets.“There is much still to be agreed, but we are supportive of an ambitious outcome on financial services that benefits both U.K.

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