Daily Management Review

Crypto-Assets’ Demand Shoot Up As Coinbase Initiates Talks With Investors For Over ‘$1 Billion’ Funding


06/06/2017


According to the reports of Wall Street Journal, the “biggest” venture is likely to take place in the history of bitcoin funding.



Coinbase Inc. is an exchange of Bitcoin, which is in conversation with “potential investors” to acquire new “round of funding” for over “$1 billion”, as per the reports of Wall Street Journal. However, the names of the committed investors for the round are not yet clear.
 
According to the report, the said venture of “funding round” would mark the biggest one so far to support “bitcoin companies”. Coinbase, being the “largest bitcoin company” in the world, witnesses “heavy traffic”, as its platforms are heavily used for trading while bitcoin’s recent performance touched “all-time highs”. In an attempt to raise fund for helping start-ups into “using blockchain technology” the new tokens are being created, likewise the crypto assets’ demand has also shot up.
 
Moreover, as per Reuters:
“Coinbase said in January it raised $75 million from several major financial institutions including the New York Stock Exchange, USAA Bank and Spanish banking group BBVA”.
 
While, in the beginning of this year, Coinbase obtained a license from “the New York Department of Financial Services” which allows the company to deal as a “virtual currency and money transmitter”.
 
References:
www.reuters.com







Science & Technology

Five loudest data leaks

Airbus announces Moon exploration competition

Former Head Of Google China Thinks Funding In AI Should Be Doubled By US

Germany Introduces The First Ever Train To Run On 100% Hydrogen

Germany Plans On Cyber Security Research To End Reliance On U.S. Tech

Fuchsia will kill Android by 2023: Top 5 facts about the new OS

New Study Finds Goats Interact More With Happy People

More than 32 thousand "smart" houses under threat of hacker attack

Internet addiction and children: Global plague

Apple takes up to develop Apple Watch for health monitoring

World Politics

World & Politics

Transparency International: Europe should stop selling citizenships

Turkey: We are not going to discuss borrowing from IMF anymore

Trump in your mobile phone: US is going to test Presidential Alert system

European automakers warn of consequences of tight emission controls

IATA: EU-UK flights can be cancelled due to Brexit disagreements

Ex-Brexit Minister Said A ‘Reset’ Is Needed For Brexit Talks

10 countries with the best healthcare systems

Foreign Experts To Be Allowed By North Korea For Permanent Destruction Of Missile Sites