Crypto in the News  

Emerald Crypto | February 18, 2021

Several developments in the last 48 hours signal the increasing acceptance of cryptocurrency into mainstream culture and finance. As Coinbase prepares to go public traders are exchanging shares on the NASDAQ Private Market. These trades point to a total value of about $77B for Coinbase, which is the largest U.S. based crypto exchange.

Meanwhile Jeffrey Gundlach, founder of the investment firm Doubleline Capital LP and known gold bull, implied in a Wednesday tweet that Bitcoin might currently be a better trade than gold.

https://twitter.com/TruthGundlach/status/1362257187771277315

The billionaire ‘bond king’ has turned bullish on BTC after previously being more neutral, according to Bloomberg.

In Canada North America’s first Bitcoin exchange-traded fund debuted on the Toronto Stock Exchange today. The Purpose Bitcoin ETF (BTCC) reported heavy trading compared to typical first day EFTs with $80M worth of shares changing hands in the first hour alone.

Sources
https://www.coindesk.com/coinbase-valuation-nasdaq-private-market

https://www.bloomberg.com/news/articles/2021-02-18/jeffrey-gundlach-says-bitcoin-may-be-a-better-bet-than-gold?utm_medium=social&utm_campaign=socialflow-organic&utm_source=twitter&utm_content=markets&cmpid%3D=socialflow-twitter-markets

https://cryptonews.com/news/n-america-s-first-bitcoin-etf-booms-nvidia-s-surprise-to-eth-9277.htm

Originally published here:
https://emeraldcrypto.wordpress.com/2021/02/18/crypto-news-2-18/