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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 in investor confidence. The stock opened at $10.50 but dropped to $9.75, marking a significant decrease. Analysts attribute the decline to broader market volatility and skepticism surrounding the cryptocurrency sector. Despite the initial excitement surrounding the IPO, the performance suggests challenges ahead for BitGo in maintaining investor interest. The company aims to strengthen its position in the digital asset custody market amid increasing competition.

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Can Stablecoins Break Free From the US Dollar?

The article discusses the potential for stablecoins to detach from their traditional peg to the US dollar, exploring alternative backing assets such as commodities and other currencies. It highlights the growing interest in decentralized finance (DeFi) and the desire for stablecoins that can offer more stability and less reliance on

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 highlighted that the rise of digital assets is prompting banks to reconsider their strategies and adapt to the changing financial landscape. Armstrong emphasized the growing acceptance of

Ethereum Foundation Forms Post-Quantum Team as Security Concerns Mount

The Ethereum Foundation has established a dedicated Post-Quantum Team to address growing security concerns related to quantum computing's potential threat to blockchain technology. This initiative aims to enhance Ethereum's resilience against future quantum attacks by researching and developing quantum-resistant cryptographic solutions. The team will collaborate with

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 traditional markets. Recent economic uncertainties and rising interest rates have led investors to prefer gold, which is seen as a more stable store of

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Can Stablecoins Break Free From the US Dollar?

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

Ethereum Foundation Forms Post-Quantum Team as Security Concerns Mount

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