Sunday, December 3, 2023

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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Israel bombs hundreds of targets in Gaza as truce talks continue

(Al Jazeera Media Network) Israel’s attacks on Gaza have stretched into a second day after a seven-day truce with Hamas ended, as talks continue with the Palestinian...

Santos expelled from Congress in historic vote

(BBC News) The U.S. House of Representatives has expelled congressman George Santos, following a damning ethics report and dozens of criminal charges. "To hell with...