The lending fintech agreed to merge with SPAC Social Capital Hedosophia.
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Author: Danny Nelson
Bitcoin’s price crested an all-time high $40,000 mark while DeFi total value locked hits a new record on market fervor.
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Author: Daniel Cawrey
Lending startup SoFi is reportedly going public via a deal that would value it at more than $6 billion, per a report from Reuters.
The outlet said that, citing sources, the deal is not finalized and “the talks could still collapse and the terms could be changed.” A potential announcement could take place in the days to come.
The deal would see SoFi merging with Social Capital Hedosophia Holdings Corp V. Social Capital Hedosophia Holdings Corp V is a SPAC — a special purpose acquisition company — designed to raise capital for a shell company for the purposes of merging with a privately held company that can then become publicly traded.
SoFi began supporting cryptocurrency trading services in late 2019, allowing users to buy or sell bitcoin, ether, or litecoin on the platform. Palihapitiya is a prominent SPAC sponsor who has merged firms specializing in space tourism and home selling.
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: MK Manoylov
In 2017, high-flying bitcoiners attempted to foment democracy in Venezuela by airdropping crypto and paper wallets. What did we learn from these experiments?
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Author: James McGirk
Mining revenue has reached its highest mark since early August 2019.
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Author: Zack Voell
‘Bitcoin Rich List’ broke its all-time high as bitcoin’s price continues to rally.
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Author: Muyao Shen
Twelve staffers of the Aragon Association (AA) announced their resignations Thursday due to an apparent lack of financial transparency.
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Author: William Foxley
With bitcoin (briefly) passing $40,000 for the first time, the question becomes: Can it keep going or is a reset necessary?
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Author: Nathaniel Whittemore
Finland’s customs agency plans to sell nearly 2,000 bitcoins agents seized in drug raids.
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Author: Danny Nelson
In late November, Coinbase advanced into the top-100 free app list on Apple’s App Store.
A couple of months later, Coinbase has continued to climb in those rankings, reaching the 30th slot out of 100 as of Thursday, according to the store’s live rankings.
The app’s progression in that ranking can be seen in the App Annie chart below (the data is updated as of January 6:
The app’s rising popularity comes despite connectivity issues for Coinbase’s platform. As of press time, Coinbase’s status page shows “degraded performance” for its website, API, mobile service and ID verification system. As previously reported, tech problems have dogged Coinbase as activity in the crypto market ramped up near the end of last year.
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Michael McSweeney
