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BitGo Stock Plunges Below IPO Price on Second Day of Trading

BitGo's stock fell below its initial public offering (IPO) price on its second day of trading, reflecting a decline of approximately 10%. The company went public via a merger with a special purpose acquisition company (SPAC), which valued it at around $1.2 billion. Analysts attribute the drop to broader market volatility and skepticism surrounding the crypto sector. Despite the initial excitement, investor confidence appears to be wavering as regulatory challenges and market conditions persist. BitGo's performance highlights the ongoing uncertainty in the cryptocurrency market.

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Coinbase CEO says Big banks now view crypto as an ‘existential’ threat to their business

Coinbase CEO Brian Armstrong stated that major banks now perceive cryptocurrency as an "existential" threat to their traditional business models. He emphasized that the rise of digital currencies could disrupt the financial services industry, prompting banks to adapt or risk obsolescence. Armstrong noted that this shift in perspective

Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold

Bitcoin is struggling to fulfill its role as a 'safe haven' asset compared to gold, primarily due to its high volatility and correlation with stock market movements. Recent market trends show that during economic uncertainty, investors are still favoring gold over Bitcoin for stability. Additionally, Bitcoin's

Can Stablecoins Break Free From the US Dollar?

The article explores the potential for stablecoins to operate independently of the US dollar, examining various factors that could influence this shift. It highlights the growing interest in decentralized finance (DeFi) and the development of alternative stablecoins pegged to other assets or currencies. Regulatory challenges and market volatility are discussed

The fight over stablecoin yield isn’t really about stablecoins

The ongoing debate over stablecoin yield is less about the stablecoins themselves and more about the broader implications for the cryptocurrency market and financial systems. Major players are vying for dominance in the yield-generating space, with traditional finance institutions and crypto firms competing to attract users. This competition is driving

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Coinbase CEO says Big banks now view crypto as an ‘existential’ threat to their business

Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold

Can Stablecoins Break Free From the US Dollar?

The fight over stablecoin yield isn’t really about stablecoins