Gareth Jenkinson Coinbase Overshoots 2017 Revenue Goal By 66% Making $1 Bln, Rejects Further VC Funding 13680 Total views 332 Total shares NEWS America’s largest cryptocurrency exchange Coinbase reportedly made $1 billion in revenue in 2017, overshooting its 2017 revenue forecast of $600 mln by 66 percent, Recode reports , citing “industry sources.” According to Recode, despite the peaked interest of outside investors, the company remains private and does not allow stock to be traded on secondary markets. The platform was swamped by an influx of new users looking to set up trading accounts as Bitcoin entered a massive bull run in November, 2017. Following the announcement of Bitcoin futures launch early that month on CME, Coinbase saw 100,000 new users sign up in just 24 hours . Although Bitcoin’s long bull run ended in the week leading up to Christmas , its rise to an all time high of $20,000 ...
Brett King: Banking Will No Longer Be as We Know It 2908 Total views 162 Total shares INTERVIEW Brett King is an author, speaker and radio host with extensive experience in the financial industry. He’s worked with Deloitte , Center for Financial Services Innovation and Breaking Banks Radio. He’s also a Founder and Executive Chairman at Moven, a mobile banking app. King is an advocate for innovations in the banking system. The main idea he puts forth in his books, interviews, and speeches - most recently at Money 20/20 October this year - is that banks are losing their dominance and we’ll most likely see a new era of “financial technologies without banks” services in the very foreseeable future. We decided to ask him how the banking future looks and whether Blockchain has anything to do with it. Cointelegraph: You believe that the banking system might become less relevant in the future. Why do you think that a...
Bitcoin Hits $20,000 Per Coin, Capping Year of Enormous Growth 461 Total views 6 Total shares Bitcoin has cemented its glory year by hitting $20,000 barely a month after achieving five figures for the first time. After several weeks of considerable volatility , mixing rapid growth with sudden declines, momentum finally boosted Bitcoin to its new historic high. Outperforming almost everyone’s expectations in 2017, Bitcoin prices received a decisive push from Wall Street regulated futures trading, as well as the imminent implementation of the Lightning Network . CBOE launched its Bitcoin futures product on Dec. 10 , and CME (a much larger market) will begin trading the cryptocurrency’s futures on Monday, Dec. 18. Markets reacted to rising prices with a snowball effect, triggering mass consumer interest in both buying and trading the virtual currency. Over the last few weeks, the Coinbase app has been at the top of Apple’s “mo...
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