Coinbase settles at $86bn value on Nasdaq, bitcoin touches new record 

Coinbase settles at $86bn value on Nasdaq, helping bitcoin hit new record 

(ATF) Cryptocurrency exchange Coinbase made its public equity market debut on Nasdaq on Wednesday April 14 and closed the day at a value of $86 billion, after reaching $112 billion at one point. A listing that highlighted how digital assets are going mainstream helped bitcoin hit a new record price …

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Crypto sector tops $2 trillion in value despite scepticism

Crypto sector tops $2 trillion in value despite scepticism

(ATF) The cryptocurrency market is now worth a staggering $2 trillion as it increasingly attracts interest from big names on Wall Street despite widespread scepticism in mainstream financial services. The sector enters a new phase from Wednesday as digital currency exchange Coinbase prepares to list in New York, another landmark …

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Ant Group ordered to restructure as a financial institution

Ant Group ordered to restructure as a financial institution

(ATF) China's central bank has ordered Ant Group to reorganise itself as a financial holding company, in a sweeping crackdown on Jack Ma's Ant Group, the fintech conglomerate that has spent months in the regulatory doghouse. The overhaul – which subjects Ant to tougher regulatory oversight and capital requirements – …

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Coinbase's Nasdaq IPO to make cryptocurrency history

Coinbase's Nasdaq IPO to make cryptocurrency history

(ATF) Coinbase will make stock market history on Wednesday as the first company specialising in cryptocurrencies to launch an initial public offering (IPO). The company, with a valuation of as much as $100 billion, will begin trading on the Nasdaq under the ticker symbol COIN in a direct listing rather …

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China regulator hits Alibaba with record $2.8 billion fine

China regulator hits Alibaba with record $2.8 billion fine

(ATF) China's major markets regulator on Saturday announced it had fined Alibaba Group more than $2.8 billion for abusing its market dominance, but the e-commerce group's shares rose in Hong Kong on Monday as its top executive brushed off long-term effects of the ruling. In a statement, the State Administration …

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China crypto sector battered by claims of fake sales, energy use

China crypto sector battered by claims of fake sales, energy use

(ATF) China's burgeoning cryptocurrency sector has taken a double blow this week as a leading short-seller called one of the country's most prominent players a scam and a new study said China could fail its energy emission goals due to coal-intensive bitcoin mining operations. US-based Hindenburg Research said on Tuesday …

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Could a digital yuan dethrone the mighty US dollar? 

Could a digital yuan dethrone the mighty US dollar? 

The emergence of a blockchain-enabled digital yuan is said to have has set the cat among the pigeons in Washington. China has become the first major economy to issue a digital version of its currency and that has Fed chiefs in the US concerned that the dollar’s status as the …

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