Friday, April 19, 2024

Coinbase valuation surpasses oil giant BP

Cryptocurrency exchange firm Coinbase hit a market value of nearly $100 billion in its stock market listing, higher than many blue-chip companies including BP. Shares debuted on Nasdaq at $381 but closed below $330. The listing was seen as the latest step toward cryptocurrencies gaining wider acceptance among traditional investors, the BBC reports. The price of Bitcoin hit a record high of more than $63,000 today ahead of the Coinbase listing. Coinbase, which makes money primarily by charging transaction fees, had more than 56 million users across more than 100 countries and held some $223 billion in users’ assets at the end of March.

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Police make arrests in ‘largest gold theft in Canadian history’

(Al Jazeera Media Network) Police in Canada have arrested multiple people accused of stealing thousands of gold bars worth more than $20 million CDN...

After stalling for months, Ukraine aid vote heads to House of Representatives

(BBC News) US President Joe Biden has said he "strongly supports" a new $61-billion aid bill for Ukraine, arguing it will "send a message...