Specific details around the size and valuation of the offering remain undisclosed. What to know: Gemini Space Station Inc., the crypto exchange and custody platform founded by Cameron and Tyler Winklevoss, has taken a significant step toward becoming a publicly traded company. The firm announced Friday that it has confidentially submitted a draft registration statement […]
Benchmark’s Mark Palmer initiated coverage on the firm’s roughed-up shares with a buy rating and $3 price target. What to know: Singapore-based developer of bitcoin mining ASIC chips and rigs Canaan (CAN) has had a rough run, but could be a five-bagger, suggests Benchmark analyst Mark Palmer. Palmer on Tuesday initiated coverage of the ADRs […]
The Bitcoin network is evolving into a wider DeFi ecosystem, the report said. What to know: Bitcoin’s (BTC) role in decentralized finance (DeFi) is growing as the world’s largest cryptocurrency evolves from more than just a store of value, Binance Research said in a report Thursday. The Bitcoin network is “evolving into a broader decentralized […]
The SBR will elevate bitcoin’s institutional standing, the report said. What to know: The establishment of a Strategic Bitcoin Reserve (SBR) in the U.S. is a “monumental endorsement” of the world’s largest cryptocurrency, broker H.C. Wainwright said in a research report Monday. The move mints bitcoin’s “legitimacy in the mold of humanity’s most historically prized […]