Coinbase Goes Public Today, Reference Price $250 – April 14

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $63,869

Bitcoin price broke the $64,000 mark for the very first time over the last day of trading, setting a new all-time high at around $64,860.

Top-20 altcoins have performed tremendously well, as Ethereum gains 7%, XRP rises 13%, and Dogecoin jumps by a massive 80% overnight.

Top Stories for April 14, 2021 πŸ”₯

πŸ‘‰ Coinbase Goes Public Today, Reference Price $250

Coinbase shares are set to go live for public trading on Nasdaq today, in what the New York Times is calling “crypto’s coming-out party”.

A reference price of $250 has been set for each share, which will be trading under the ticker “COIN”. The price would value Coinbase at $65 billion.

At the time of writing, pre-market contracts for COIN are trading at $586 on cryptocurrency exchange FTX, with a modest $1.1 million in trading volume.

πŸ‘‰ ConsenSys Raises $65M From JPMorgan And Others

Ethereum-focused company ConsenSys has raised $65 million in funding, with contributions from notable names including JPMorgan, Mastercard and UBS.

The sum was raised via a sale of convertible notes, a type of bond which can be exchanged for shares in the company in the future.

πŸ‘‰ SEC Commissioner Updates Token Safe Harbor Proposal

Hester Peirce, commissioner of the US Securities and Exchange Commission (SEC), has published an updated version of her Token Safe Harbor Proposal, which focuses on initial token offerings (ICOs).

The updated proposal would grant projects a three-year grace period to develop a decentralized network, but they would need to regularly update the SEC and find a third party to determine if the network is decentralized after the three years.