In brief
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$94,059.00
-0.55%$1,793.54
-1.82%$2.09
-4.14%$597.42
0.91%$144.07
-1.64%$0.999987
-0.00%$0.167177
-3.73%$0.655228
-4.75%$0.245402
-1.00%$1,792.27
-1.84%$94,028.00
-0.53%$3.27
-4.62%$13.38
-4.97%$19.55
-1.95%$8.67
-4.65%$0.255381
-4.60%$0.999972
-0.00%$2,152.53
-1.45%$2.98
-1.41%$0.0000125
-3.45%$0.171991
-3.08%$358.28
-0.40%$19.88
-3.70%$81.40
-8.76%$3.86
-3.06%$282.97
2.20%$0.99972
-0.05%$1,794.66
-1.72%$4.29
-0.69%$1.00
0.05%$0.586004
-1.04%$94,090.00
-0.45%$28.45
-0.44%$1,911.63
-1.44%$0.00000785
-5.71%$368.24
1.27%$50.72
-0.61%$4.86
-5.76%$4.88
-4.21%$1.00
0.00%$1.05
0.02%$2.29
-3.89%$0.85078
-3.81%$21.22
-1.03%$169.13
-6.22%$0.087513
-1.17%$4.54
-2.82%$15.82
-1.97%$0.091927
-1.29%$0.71085
-1.34%$29.65
0.19%$4.29
-3.54%$10.82
-2.74%$1.00
0.01%$0.02456005
-3.76%$1.17
0.06%$0.218729
-6.58%$93,646.00
-0.83%$4.29
0.17%$4.02
-2.97%$2.58
-2.78%$0.649366
-3.13%$0.196297
-3.66%$0.504984
-3.48%$0.264082
-9.87%$0.998013
-0.04%$4.06
-0.99%$2.37
-3.29%$0.305161
-4.66%$93,771.00
-0.66%$10.72
-0.45%$0.00001686
-2.35%$1,508.47
-3.03%$1.24
0.60%$0.422903
-2.77%$82.47
-4.27%$151.16
-1.68%$0.876466
-8.62%$0.763645
-1.47%$0.074009
5.66%$0.01813345
-8.02%$1.11
-0.29%$1,793.09
-1.91%$1.62
-11.19%$0.6868
-3.40%$0.99943
-0.11%$0.626952
-7.62%$1,878.03
-1.15%$0.197532
-3.89%$0.539426
-5.16%$3.62
-3.45%$1.00
0.01%$9.15
-4.60%$0.999723
0.01%$0.661717
-5.00%$0.089587
-1.71%$14.83
3.32%$2,032.56
-1.45%$3,385.86
3.29%$3,391.23
3.30%$0.999878
-0.02%$0.19259
-6.86%$597.49
0.92%$185.83
-1.58%$94,057.00
-0.65%$0.01536231
-3.28%$0.00007624
-0.96%$159.30
-1.67%$94,277.00
-0.74%$93,454.00
-0.17%$36.35
-3.34%$0.718088
-6.40%$0.569891
-5.99%$0.01126004
2.44%$0.696831
-0.81%$0.769373
-5.94%$0.0000007
-1.67%$3.77
-2.12%$1,909.10
-1.80%$2.32
-14.78%$0.01495797
-4.55%$0.269787
-3.14%$0.998495
0.03%$0.110651
-1.81%$0.99845
-0.06%$1.97
1.11%$1.11
-0.17%$0.369428
-1.39%$17.34
-3.88%$35.73
-0.80%$1,878.00
-1.70%$0.530596
-1.80%$0.549943
-1.83%$0.292902
-1.43%$0.01606926
-3.83%$1.59
-1.79%$3.15
-3.52%$0.051376
-8.97%$0.00541681
-2.40%$0.997447
-0.08%$0.13565
-2.14%$95,846.00
-49.86%$0.068004
4.01%$1.00
0.00%$0.00840054
-4.69%$1,875.47
-1.77%$0.588437
-7.14%$93,956.00
-0.37%$0.504372
-5.14%$0.99994
-0.01%$110.94
0.02%$0.423787
-1.79%$0.389652
-0.75%$2.15
-34.22%$91,293.00
-1.50%$6.84
-5.74%$0.575422
-3.22%$0.177552
5.15%$0.175849
-8.91%$93,830.00
-0.59%$1.22
-2.86%$15.24
-4.39%$0.167016
-3.69%$0.00002112
-2.48%$0.00000042
-0.78%$1.49
5.09%$0.00591837
8.50%$1,792.63
-1.83%$1.085
-0.00%$1.00
-0.17%$0.127025
-5.98%$1,792.05
-1.93%$0.482697
-2.90%$0.00735873
-2.04%$0.401647
2.03%$1,909.54
-1.85%$1.53
-1.63%$0.143722
9.38%$5.31
-6.97%$0.379434
-0.49%$0.03881454
-1.90%$2.28
-3.50%$0.071344
-1.90%$1,795.48
-1.68%$0.218846
-6.62%$1,801.38
-1.23%$1.35
-2.66%$32.34
-0.33%$0.077673
-2.47%$0.999227
0.07%$21.54
-1.03%$0.172819
-1.25%$2.89
-2.04%$0.03472775
-2.37%$0.00407925
0.55%$38.05
-4.89%$0.01756405
-2.56%$0.347183
-2.81%$1,837.60
0.20%$1.00
0.14%$0.76286
-2.73%$0.999931
0.01%$0.00005834
-2.50%$0.999599
-0.01%$0.999862
-0.03%$0.530204
18.46%$0.485454
-8.39%$0.672725
-1.08%$94,150.00
-0.45%$0.272663
-2.18%$0.291917
-0.20%$0.00000143
-7.46%$0.641028
-7.80%$1,788.08
-1.70%$19.90
-3.61%$108.87
-1.47%$3,323.85
-0.31%$93,973.00
-0.76%$0.132797
0.27%$0.99982
0.05%$0.220358
-3.44%$2.43
-3.74%$1.097
-0.06%$19.55
-1.99%$0.00264007
-5.93%$21.58
-1.97%$2.80
-0.62%$0.527182
0.45%$0.190093
-2.39%$1,907.90
-1.44%$0.255663
-3.36%$0.03013182
1.65%$0.03544386
-1.45%$0.999569
0.01%$1,888.64
-0.56%$0.999551
0.02%$1.50
0.28%$1,967.31
-1.73%$0.00000062
4.59%$14.46
-1.64%$1,954.80
-1.68%$0.088333
1.97%$93,324.00
-1.23%$0.00262087
-4.72%$0.999014
-0.07%$2.83
-5.02%$1,793.75
-1.79%$1.13
0.20%Reading
In a newly released year-end report, Coinbase has said it now has over $90 billion in cryptocurrencies on its platform.
The report, which is geared to Coinbase’s institutional clients, was released Friday afternoon, and attempts to clarify the company’s place in the broader crypto ecosystem.
Topics include the state of Bitcoin in 2020, as well as Ethereum, DeFi, crypto regulation, and “cryptodollars,” otherwise known as stablecoins—these are cryptocurrencies that aim to eliminate volatility with backing from fiat money.
Coinbase, together with payments firm Circle, launched the stablecoin USD Coin (USDC) back in 2018. The idea is that the price is always $1.00, and that there’s one real dollar for every USDC issued. USDC is still a distant second to Tether (USDT) in terms of market capitalization and trading volume, though the growth of USDC is currently outpacing the market leader.
“The most common-use case we see for crypto dollars is efficiently moving funds between exchanges,” reads the report. “Increasingly, we also see private financings, e.g. venture investments in start-ups and new crypto assets, being funded with USDC by more crypto-savvy investors. Finally, we see a growing number of crypto users leveraging cryptodollars to engage with DeFi protocols.”
USDC’s market cap began 2020 below $500 million; it’s since risen to over $5.4 billion.
USDC, The US dollar-pegged stablecoin run by crypto exchange Coinbase and payments platform Circle, today announced Solana as its fourth “official” blockchain, after Ethereum, Algorand and Stellar. Upon the announcement, the market cap of USDC jumped up by $53 million to $2.791 billion, according to metrics site CoinMarketCap. The coin, which is now the 13th largest by market cap, traded $566 million in the past 24 hours. What's more, at this pace, its growth now exceeds that of its chief compe...
The report also details the Coinbase’s relationship to several large institutional clients, such as MicroStrategy and One River Asset Management. Microstrategy, helmed by Bitcoin evangelist Michael Saylor, has purchased a whopping 70,784 bitcoins in deals brokered by Coinbase—that’s over $2.3 billion.
Microstrategy’s massive investment may have played a role in the Bitcoin bull market this past fall; since the company’s first buy in August, other large institutional players like Square and PayPal have announced support for crypto in their payments products.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
OpenAI is removing limits on how much money investors can make while keeping its nonprofit in charge, converting its current business arm into a "public benefit company," a type of for-profit business that needs to consider both making money and serving the public good. "We want to be able to operate and get resources in such a way that we can make our services broadly available to all of humanity," CEO Sam Altman stated in a letter published Monday. The move places it at temporary odds with maj...
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Semler Scientific snapped up 167 Bitcoins worth $16.2 million between April 30 and May 2, bringing the number of tokens in its BTC treasury to 3,634, according to the firm’s regulatory disclosure filed on Monday. The medical device firm's Bitcoin treasury is worth $342 million based on Bitcoin’s price of $94,286 as of the time of writing, according to crypto data provider CoinGecko. Semler Scientific stock is trading at $34.10, down 5% over the past day. However, the stock’s value has grown ro...