Daily Archives: 18/03/2021

Coinbase exchange valued at $ 943 million in preparation for direct listing on Nasdaq 03/17/2021

Cryptocurrency exchange Coinbase has updated the data specified in Form S-1 for filing with the SEC. The exchange announced the registration of approximately 115 million shares for direct listing on the Nasdaq Stock Exchange. According to an updated filing filed by Coinbase with the US Securities and Exchange Commission (SEC), the exchange intends to list 114,850,769 Class A common shares on the stock market. Their maximum value is estimated at approximately $ 943,218,155. However, the…

Hawaiian Democrats Call on Regulator to Ease Requirements for Cryptocurrency Firms

Hawaiian Democrats have called on the Department of Commerce and Consumer Protection to lift restrictions imposed on cryptocurrency firms several years ago. Legislators have asked the regulator to review the requirements for virtual asset service providers (VASP). According to current regulations, companies that trade digital assets, as well as transfer or store them, are required to have a reserve stock of fiat money. Their number should be equivalent to the value of the digital assets…