Blockchain.com and Coinbase Rumors Debunked
According to reports, according to people familiar with the matter, Blockchain. com did not sell any subsidiaries or discuss possible transactions with Coinbas…
According to reports, according to people familiar with the matter, Blockchain. com did not sell any subsidiaries or discuss possible transactions with Coinbase. It also said that Blockchain. com has sold its illiquid positions to make profits and improve liquidity to take advantage of opportunities.
Insiders: Blockchain.com did not sell any subsidiaries and did not negotiate with Coinbase
Interpretation of the news:
Recently, rumors have been circulating about Blockchain.com, the popular cryptocurrency wallet and blockchain explorer, and Coinbase, one of the largest cryptocurrency exchanges in the world. According to people familiar with the matter, the rumors suggested that Blockchain.com was planning to sell its subsidiaries or engage in potential transactions with Coinbase. These rumors have since been debunked.
It has been confirmed that Blockchain.com has not sold any of its subsidiaries nor engaged in any discussions with Coinbase regarding possible transactions. However, the report does provide insight into how Blockchain.com has been managing its assets. Blockchain.com has reportedly sold some of its illiquid positions in order to take advantage of opportunities and improve its liquidity.
For those unfamiliar with the term, illiquid positions refer to assets that cannot be bought or sold easily, such as cryptocurrency holdings that are difficult to convert into cash. By selling some of its illiquid positions, Blockchain.com has managed to improve its liquidity, which is the ability of an organization to pay its debts as they come due.
This move by Blockchain.com is a prudent financial decision because it allows the company to be more nimble and take advantage of opportunities that might arise in the volatile cryptocurrency market. With the sudden rise and fall of cryptocurrency values, it is important to have the liquidity to quickly adapt to market conditions.
While the rumors about Blockchain.com and Coinbase may have been unfounded, this situation highlights the importance of staying informed about developments in the cryptocurrency market. For those investing in cryptocurrency or working in the industry, it is important to understand how companies are managing their assets and making financial decisions.
In summary, reports about Blockchain.com selling its subsidiaries or discussing potential transactions with Coinbase have been debunked. Instead, the report reveals that Blockchain.com has sold illiquid positions to improve its liquidity and take advantage of possible opportunities in the cryptocurrency market. This is a wise financial decision in the ever-changing world of cryptocurrency.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/1381/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Investigation Launched Against Binance Exchange Over Financial Crime in Brazil
It is reported that the Brazilian Federal Prosecutor\’s Office and the federal police have launched an investigation into Binance Exchange on suspicion of financial crime. The inves
-
According to the Latest News, Hong Kong Will Be Hosting Wave Field TRON’s “2023, Where Are the Opportunities for METAVERSE” at the HKCEC
According to the latest official news, the 2023 Hong Kong Web 3.0 Carnival sub forum named by Wave Field TRON, \”2023, Where Are the Opportunities for METAVERSE\”, will be held at th
-
US Stocks Rise on the Back of Tech Stocks
According to reports, the three major US stock indexes collectively closed higher, with the Dow up 1.18%, the Nasdaq up 2.48%, the S&P 500 up 1.76%, and large tech stocks generally up. The three major US stock indexes collectively ended higher, with the S&P 500 index up 1.76% Analysis based on this information:The US stock market rebounded on Thursday, with the Dow Jones Industrial Average, Nasdaq, and S&P 500 indexes all showing gains. The Dow rose 330.36 points or 1.18% to close at 28,860. The Nasdaq Composite Index climbed by 292.57 points or 2.48%, closing at 12,355, and the S&P 500 Index rose by 40.82 points or 1.76%, ending the day at 3,516. The gains in the market’s performance were largely credited to the rise of tech stocks. Some of the notable tech stocks that contributed to the market growth included Apple, Amazon, Facebook, and Google’s parent company Alphabet. Apple’s stock rose by almost 4%, while Amazon, Facebook, and Alphabet’s…
-
What’s wrong with Biyuan Chain (can Biyuan Chain increase to 600 in the future)
What happened to Bihara Chain? What happened to Bihara Chain. According to Zhihu user “Coin Circle Kid”, there have been media reports recently that members of the original chain team were involved in discussions on community governance, resulting in a large number of tokens being sold (which had already been sold at the time) and causing huge losses It is understood that the “little guys in the coin industry” said in the group that they are likely to leave this project because there are too many people investing in Bitcoin, and they don’t even know how to operate it. But these people actually support and promote the original chain in their own way. But this does not affect their actions. After all, they want to allocate funds to those who are not familiar with mining technology. Therefore, the problems that have arisen this time are also very serious: 1. Due to insufficient support for the consensus mechanism before, a new…
-
MakerDAO Approves $500 Million RWA Vault for Coinbase Customers
According to reports, according to the vote that ended on Thursday, the cryptocurrency lending agreement MakerDAO approved the opening of a real world asset (RWA) vault for Coinbas
-
Taiwan Takes Action to Combat Virtual Currency Money Laundering
On February 16, it was reported that the Anti Corruption Section of the Anti Corruption Department of the Ministry of Justice of Taiwan, China, China, issued a…
-
Cryptocurrency Businesses Lose Banking Services from US Banks
On March 13, Larry Cermak, Research Director of The Block, tweeted that three US banks providing banking services for the cryptocurrency business were eliminated. However, banks such as Customers Bank, First Foundation Bank, Cross River Bank, Sutton Bank, Evolve Bank&Trust, BankProv, and Quintic Bank still provide cryptocurrency banking services. Larry Cermak said that he did not mention big banks such as JPMorgan Chase and Bank of New York Mellon because most small businesses could not use these banks. Larry Cermak: Customers Bank and other banks still provide services for the encryption industry Analysis based on this information:Larry Cermak, the Research Director of The Block, recently tweeted about three US banks that have ceased providing banking services to cryptocurrency businesses. This is concerning news for cryptocurrency traders and users, as it suggests that banks are still wary of the volatile nature of cryptocurrencies and are unwilling to take on the potential risks associated with them. The banks that have eliminated cryptocurrency…
-
What is Coin (What is Cow)?
What is Coin? According to CoinMarketCap, the current price of Bitcoin is 1 www
-
Polygon Launches Wallet Suite on its Latest Network Beta
On March 14, Polygon announced that when the main network Beta of Polygon zkEVM was launched later this month, the Polygon wallet kit will also be available on Polygon zkEVM. The Polygon wallet suite will provide almost the same user experience as the Polygon PoS on the Polygon zkEVM, including bridging, Fast Finality, asset management, no mapping, etc. In addition, Matic.js SDK and Gas Station will also be supported shortly after the launch of the main network Beta of Polygon zkEVM. Polygon: The Polygon wallet kit will be supported when the beta of zkEVM main network is launched at the end of the month Analysis based on this information:Polygon, one of the most notable blockchain networks, announced on March 14 that its main network Beta of Polygon zkEVM will incorporate the Polygon wallet kit. This news is significant since it will extend the user experience and features of the PoS offered by Polygon on its new platform. The Polygon wallet…
-
Coin On Responds to CFTC Lawsuit: Commitment to Cooperation and User Protection
On March 28th, a spokesman for Coin On responded to the lawsuit filed by CFTC. Coin On stated that Coin On had cooperated with CFTC for more than two years, so its indictment was u
-
Cryptocurrency Trade Association Urges Rejection of SEC Insider Trading Case
It is reported that an American trade association representing cryptocurrency companies called for the rejection of the insider trading case filed by the Unite…
-
Understanding the Acquisition of Refine by Artifact Labs
On April 17th, it was announced that the NFT platform Refine had been acquired by Artifact Labs, but the acquisition amount has not yet been disclosed to the public. Artifact Labs
-
Closure of Silvergate Capital’s instant settlement service may boost stable currency usage
On March 7, Kaiko, a market research company, said in a report released on Monday that the troubled Silvergate Capital decided to close its popular instant set…
-
Understanding the Impact of Giant Whales’ Sell-Off on Doggy Coin
According to reports, chain analyst Lookonchain tweeted that during Musk\’s change of Twitter\’s logo from Blue Bird to Doggy (April 4) and then to Blue Bird (April 7), two of the to
-
Activist Investor Dan Loeb Expresses Caution About US Economy
According to reports, Dan Loeb, an activist investor, said that consumer prices and employment data seemed to exaggerate the strength of the US economy. In res…
-
Sun Yuchen Transfers Over 100 Million USDC to Huobi
According to reports, according to Whale Alert data, 100000000 USDCs (100102000 USD) were transferred from Sun Yuchen\’s wallet address to the Huobi platform.<b…