The objective of setting up special purpose acquisition companies (SPACs) is to raise money through an initial public offering to buy another company. In…
Coinbase shares had a peak price of almost $439 on the first day, indicating a 71.8% price gain over its pre-listing price of $250. On FTX, a popular crypto-derivatives platform, Coinbase’s pre-IPO prices touched the highs of $640 before crashing down to $240. At a current price of around…
According to Major League Baseball officials, the Topps baseball cards have been a cornerstone of fan engagement and entertainment for generations. The decision to roll-out the first MLB baseball cards as NFT collectibles comes after NFT has already a giant leap with NBA’s release of NBA Top Shot Moments….
On April 1, 2021, South Korea announced that it would integrate the ledger Blockchain technology to stop counterfeit vaccine passports. The South Korean government will officially launch the mobile app “Green Pass” for citizens and international travelers to digitally prove their vaccinated status. Like South Korea, many countries, including…
Kraken is notably the second top-tier digital asset exchange to indicate plans to go public after Coinbase. The exchange has chosen the direct listing route over the IPO route, as it gives them the flexibility to go public without issuing new shares. Kraken CEO Jesse Powell says ‘they’re not…
Coinbase’s crypto trading volume grew by 276% in the first quarter of 2021. In Q1 2021, the number of monthly active users on Coinbase touched 6 million. Crypto assets on Coinbase saw a growth of 1200% year-on-year in Q1 2021. Coinbase, the crypto behemoth, has posted $1.8 billion in…
Many believed that GameStop was heading towards the cleaners awaiting a similar fate to that of Blockbuster Movies company. Things changed rapidly for GameStop when a rally was formed by investors online in the ‘WallStretBets’ Reddit Community, creating a huge spike in GME share prices. The retailer who is…