Coinbase Prepares for Public Listing, Potential IPO in Late 2020 – July 10

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $9,183

Bitcoin price has fallen back below $9,200 today, following news that stablecoin company Tether is back under legal inspection.

Top-20 altcoins have also felt the strain, as several coins see large drops over the last 24 hours. VeChain is the biggest loser, falling 14%, with Stellar not far behind with a 10% loss. XRP has fallen 5%, while Ethereum suffers a 3% loss.

Top Stories for July 10, 2020 πŸ”₯

πŸ‘‰ Coinbase Prepares for Public Listing, Potential IPO in Late 2020

It has been reported that Coinbase is preparing to go public in the United States as early as this year, awaiting the green light from the SEC.

A successful listing would make Coinbase – currently valued at $8 billion – the first cryptocurrency exchange listed on legacy markets.

Whereas an initial public offering (IPO) is common for public listings, it is not yet confirmed if Coinbase will opt to have one.

πŸ‘‰ NY Appeals Court: Tether Must Endure Case Over $850M Cover-Up

A New York state appeals court has ruled in favor of the New York Office of the Attorney General (NYOAG), saying that Tether parent iFinex must endure the lawsuit and submit documents requested last year.

iFinex, which owns both Tether and cryptocurrency exchange Bitfinex, was accused of using Tether reserves to cover up $850 million which went missing from Bitfinex.

Bitfinex had initially refused to supply documents requested by the court, arguing that the NYOAG did not have the right to investigate the company.

πŸ‘‰ Brave Partners With BitFlyer for Japanese Crypto Wallet

Crypto-friendly internet browser Brave has teamed up with Japan’s largest crypto exchange BitFlyer, to build a cryptocurrency wallet for Japanese users.

Not many details are currently available on the wallet, however it has been stated that it will be designed for Brave browser users.

Japanese users currently are not legally allowed to be rewarded in Brave’s native cryptocurrency token BAT, but are now instead being rewarded in “BAT Points” which cannot be purchased.