Direct listing of Coinbase was called super successful, and Ethereum has hard forked
After listing, Coinbase turned out to be more expensive than NASDAQ, on which it was listed
On April 14, trading in shares of the cryptocurrency platform Coinbase began on the NASDAQ. After the start of trading, the share price rose to $381 at the set reference price of $250, and after a while, the securities rose in price to $429. By the end of trading, Coinbase’s capitalization reached $86 billion.
As of April 15, the share price on the US premarket hovers around $344. On Thursday, at the premarket, the crypto platform’s securities rose 11% to $365.
At this rate, Coinbase is even more valuable than Nasdaq and the Intercontinental Exchange, which owns the New York Stock Exchange, combined. The media compared the placement of the company of Brian Amstrong and Fred Ersam to the “debutante ball” of the crypto business.
Ethereum has been hardforked
Today, April 15, a hard fork “Berlin” took place on the Ethereum mainnet. Due to this, the algorithm for calculating the amount of commissions for transactions within the network has been changed, and new types of transactions have been introduced.
The hard fork took place at block # 12,244,000. Many community members supported the event as it can have a positive impact on the Ethereum price.
According to Coinmarketcap, the price of ETH has increased by more than 21% over the past 7 days. On the eve of the hard fork, the price of the crypto coin has renewed its historical maximum and reached $2,441.
Bitcoins stolen from Bitfinex users moved to unknown addresses
Yesterday, April 14, about 10% of the bitcoins stolen in 2016 from the Bitfinex crypto exchange started moving. About 12,200 BTC were moved to unknown addresses. Their total cost is estimated at about $770 million.
“We believe that the BTC transfers started during the trading for Coinbase’s direct listing. The media shields allows them to at least get less publicity, considering there are fewer people tracking their movements or reporting it … everyone’s focused on the Coinbase listing,” says a research analyst at Trade the Chain Nick Mancini.
And Cinneamhain Venture partner Adam Cochran noted that “the bitcoins stolen from Bitfinex are the most tracked and blacklisted ones around the world.”
“No exchange will process them. They can basically never be cashed out,” the crypto enthusiast is confident.