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Coinbase shares close 14% below opening rate after trading launching

Coinbase Global (COIN) shares ended their first day of trading at $328.28 apiece, falling below their opening rate of $381. Coinbase’s closing level offered the stock a completely diluted evaluation of nearly $86 billion. Earlier, in the day, the stock’s valuation quickly exceeded $100 billion, with shares increasing to as …

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China Alerts 34 Tech Companies to Curb Excess in Antitrust Review

(Bloomberg)– China ordered 34 internet corporations Tuesday to rectify their anti-competitive practices within the next month, signaling that Beijing’s scrutiny of its most powerful companies hasn’t ended with the conclusion of a probe into Alibaba Group Holding Ltd . Shares in Tencent Holdings Ltd. and Meituan extended losses after the …

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China forces Jack Ma’s Ant Group to reorganize

Bloomberg (Bloomberg)– Looks like Wall Street is about to get 100 billion new factors to believe in Bitcoin.Coinbase Global Inc., the fast-growing exchange at the center of the speculative frenzy in cryptocurrencies, is anticipated to go public this week at a staggering evaluation of about $100 billion. That’s more than …

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