Coinbase platform going ipo on 4/14/2021 Nasdaq

Coinbase Exchange going ipo on 4/14/2021 Nasdaq exchange

April 9, 2021 This story originally appeared on MarketBeat. Given the astounding growth of cryptocurrencies like Bitcoin over the past year, it’s no wonder that the upcoming Coinbase (NASDAQ:COIN) IPO is one of the most anticipated market events of 2021. As the largest U.S. cryptocurrency exchange, Coinbase generates massive revenue from transaction fees on its platform and has already given investors insight into its huge earnings potential. It might just be a company that lives up to the hype surrounding its market debut.

While there is certainly an element of unpredictability with this business thanks to the volatility of cryptocurrency prices, that likely won’t deter investors from grabbing shares of the company when it goes public via a direct listing on April 14th as COIN. Coinbase is certainly an intriguing player in the burgeoning cryptocurrency industry, which is why we’ve put together a list of 3 things for investors to know about the company ahead of its big debut.

The First U.S. Cryptocurrency Exchange to be Publicly Listed

Cryptocurrency has come a long way in a very short time. These digital assets are kept on a shared ledger known as a blockchain and have increased in popularity largely due to the meteoric rise in the price of Bitcoin. With more and more businesses and financial institutions getting on board the cryptocurrency train, it’s easy to see the potential in a company like Coinbase. It offers users a simple and safe way to buy, sell, and hold cryptocurrencies on its platform. Coinbase has also developed an advanced crypto trading platform called Coinbase Pro that cryptocurrency enthusiasts love.

The company generates revenue by charging transaction fees every time its users buy or sell a cryptocurrency on its platform. It also makes money from things like margin fees, custodial services, and a rewards credit card program. The company’s platform enables approximately 43 million retail users, 7,000 institutions, and 115,000 ecosystem partners to participate in the crypto economy. Since this is the first major U.S. cryptocurrency exchange to be publicly listed, it could be a major step towards the widespread adoption of digital currency and will go a long way towards legitimizing the industry. This is one of the big reasons why the company’s debut is attracting so much attention.

Eye-Catching Earnings

Most high-growth companies that make their market debuts are a long way from reaching profitability. This is another big reason why Coinbase stands out. The company has already delivered some eye-catching earnings that could send the stock price soaring on April 14th. Coinbase had a very strong 2020, during which it generated $1.1 billion in revenue and $322 million in net income. Those were solid numbers for a company that has only been around since 2012, but what’s even more impressive is that the company has already eclipsed those figures in the first quarter of 2021.

Coinbase recently provided investors with its estimated Q1 earnings numbers that likely boosted the company’s valuation by billions. The company reported $1.8 billion in Q1 revenue, which topped its revenue for the entirety of 2020. Coinbase also saw $355 billion in trading volume in Q1, which surpassed the entire trading volume of last year. Total assets on Coinbase’s platform increased from $90 billion to $223 billion, which represents 11.3% of the crypto-asset market share. It’s also worth noting that the $223 billion in assets includes $122 billion from institutions, confirming that Coinbase is becoming a trusted name among sophisticated investors.

Competition Checklist

Here are a couple bullets to keep in mind when comparing the competition:

• Do they use cards? Cards use the old payment rails and therefore are not actually taking on the payments industry. These old rails charge retailers the same high fees so there is really no real benefit for them. Most are just glorified gift cards.
• Do they require merchants to upgrade their hardware / software? Flexa runs on existing hardware. No need to buy anything or train their employees. This is huge for merchant adoption. Ideally no change to software either - maybe just an update. I'd watch out for projects that force the merchant switch to their software and/or hardware.
• Do they allow payments with more than just a single crypto? The more coins allowed the better. Flexa's goal is "any coin". lofty goal but that is where the team is aiming. we are not forced to buy things with amp or a flexacoin so I'd be careful of apps that force you to use a "their" coin or only support bitcoin. Here is flexa's current support.
• Where can I use this? I can walk into any Lowes, Bed Bath Beyond or Dunkin and pay using flexa. If they have impressive partners, what actually is the nature of these partnerships? Any videos of people using it these stores? (Be careful, I've seen some that make it look like you can spend at top retailers just to read the fine print to find out these were just the gift cards you could buy with their app).
• Is it actually my crypto? Okay this is actually just for payment solutions like paypal. We don't want projects where you buy crypto from them and then can only spend thru them.
• Is their region heavily regulated? Flexa's plan is to get up and running in the most regulated markets first. Then easily move into less regulated regions. It's fine if the competitor is in a country that doesn't have the regulations requirements like America (and even worse NY). But can they, or are they willing to change? Or are they going to be stuck in that one region?
• Apps? We want to make sure that there is at least the possibility of 3rd party apps. No matter how good the app, if forced to used a single app, the project will always be limited. Flexa hopefully will be releasing their SDK soon and have apps in the works.
• What's the team look like? this is subjective but I think the Flexa team is very impressive.
• Do they have funding? flexa does. you want your project to be able to raise funds and stick around.
• Is it bigger than payments? In my mind this is the most important one. The thing I love about amp is it's bigger than Flexa, bigger than payments. If the project can only be used for payments, I'd say it's limited. Projects only focusing on payments require mass adoption which, sorry, probably won't happen anytime soon. AMP is not a payment token it's a collateral token, meaning it can be used in any situation where collateral is needed. If you're sick of those 7-10 day deposit wait times on gemini, well maybe they could use amp. defi loans? loyalty apps? settlements? gift cards? escrow? bank deposits? currency conversion? NFT pawn shop, lol? who knows how we'll end up using it, but the future is bright.

Ultimately I don't think this is a zero sum game. I think there is room for many players in this space. And there is probably many ways to make money esp in the short term. but I haven't seen one competitor that has the massive long term potential that AMP has. just my opinion, but there you go.

If I missed any (which I probably did) let me know and I'll add them.

Edits from the community (/u/praveenballa):

• Is the technology easily "copyable"? Flexa does hold two (that we know of) patents (links in sidebar). personally I'm torn on this and I think it's somewhat subjective. There are open source projects that are super easy to copy but doesn't affect their popularity. So this one is up to y'all.
• Who is supporting them? I'd lump this in with the team point above. but take a look at the advisory board and investors. Are they leaders in the industry?
• Token Economics. Do the economics fit your goals? does it seem sound? IMO AMP is a longer play, we are taking on a massive 70 year old industry with deep pockets. Other payment projects might be shorter term (like those using cards) but the payoff will probably be much lower. for those that don't know amp is supposed to be low volatility and should slowly grow in value with the growth of the network. How? basically, each transaction has a reward that needs to be paid to the stakers. This reward must be bought on the open market, which creates buy pressure. the more people taking their tokens out of the market, or staking them, means fewer tokens on the market. the more people using the network the greater the buy pressure. (tl;dr - if you want the value of AMP to go up, stake your tokens, and use/promote the network)
• What about security? (Found this info on discord) Flexa takes security very seriously. It is understandable as Flexa works with the largest Enterprises in the world

1. Amp Staking Contracts have been audited by the word's best security companies like Trail of Bits, ConsenSys Diligence, etc. Flexa continues to have them audited regularly. https://flexa.network/security
2. Flexa also had the contracts and code audited by the worlds biggest software security company like Praetorian https://flexa.network/security
3. Flexa also has one of the largest bug bounties ever - https://flexa.network/security/bug-bounty-program
4. Flexa Staking also has insurance coverage offered by Nexus Mutual. It is available for just $2.6 per year for $100 worth of $AMP. The insurance cost is very low @ just 2.6%. So, if you have $100 worth of AMP, you can simply go to https://app.nexusmutual.io/cover/buy/select-project and buy cover using ETH/DAI for any time b/w 1 day to 365 days, for how much ever you want, equal to your AMP holding or more than your AMP holding. In the event of any smart contract hack, you can send your claim to NXM and you get paid in DAI or ETH (just like car insurance)

• Merchant focus. Probably a good idea to make sure the project isn't tied to a particular industry. if they only seem to be available in restaurants there might be a reason and this should be investigated. I don't recall any projects like this but it's probably a good thing to keep in mind.
  

Is Converting One Crypto to a Stablecoin a Taxable Event?

If you convert Bitcoin to USDC for instance, would that be seen as a taxable event and you have to pay short or long term capital gains tax on?

🚨🚨Announcement to Shareholders: Knowledge is Power 🚨🚨

As a Shareholder of a company, no matter how large or small, you have an incentive to share knowledge of the company you own. We have a very unique opportunity with this subreddit to share ideas and become more knowledgeable, collectively as a group. We’ve nearly doubled in size the past week and we have a lot of new members who need to be caught up to speed on what this company TRULY is.

I think it’s very important that all members here understand the fact that SOS Limited is not “just” a Bitcoin mining company. SOS is a technology, healthcare, marketing, insurance and financial conglomerate with MANY existing and emerging streams of revenue. It ALSO just happens to own one of the largest crypto-mining operations of any publicly-traded company in the world.

I am currently working on a DD post that will take a deeper dive into each of these revenue streams, as well as the background and future of SOS Limited, but that will take some time.

I’ve recently opened conversations with Bull & Bear Trading from Seeking Alpha and have joined his private “Trader’s Idea Flow.” There he has shared many, many of his thoughts on SOS to that small group of subscribers. I don’t think he would mind if I shared one of those thoughts with everyone here. I think the last sentence of this paragraph sums up my post pretty well:

“Early investors into a very young growth stock, like us, may not be accustomed to the pace of developments and PR from the company. The news may be announced when we least expect it, or it may be included as a bundle of key items on the upcoming ER date. Until the stock gains some overall market support from a few new institutional investors and widens the scope of its retail interest, it will be vulnerable. Also, it is important for us to grow the narrative on SOS beyond being just a crypto miner. 70% of 2021 revenues are being delivered by the more stable data mining/blockchain innovation being delivered by SOS for large Chinese corporations in the real estate, healthcare, and insurance industries. This business has huge upside potential. Think of the revenue streams that FB and GOOG generate from a similar line of business in the U.S. Now apply that same model to this emerging small-cap in a nation with a population of 1.4B people. The upside is almost limitless. That is the narrative that we want to grow, along with the sharply increasing revenues from crypto mining. An estimated 70% of 2021 revenues may come from the core business of data mining/blockchain. It is in shareholder's interests to begin sharing this very significant fact with the market. Being identified as "just a miner" only tells 30% of the 2021 story for SOS. Again, I am a believer that SOS will deliver innovations in blockchain and De-Fi that will give them a leadership position in this global, greenfield opportunity. Management has discussed their "pioneering work" in this space, and the header on the SOS website's home page is: Blockchain Innovators Serving The World. I believe that the 400% revenue growth in 2020 and again in 2021 an estimated 400% growth once again, this may be the tip of the iceberg for revenue growth at SOS. The blockchain / De-Fi space presents nearly a limitless upside with the development of a few patents achieved by SOS, there is likely to be a steady influx of new capital into this stock in 2021. Candidly, we want to benefit from the upward trend in crypto, and we also want to expand the narrative to include the bigger opportunity in blockchain / De-Fi. The selling points for SOS are the 3 emerging revenue streams in blockchain innovation, crypto mining, and the coming De-Fi, compared to other peers of SOS (RIOT and MARA) who are just miners. If we want to see the marketplace for SOS grow, and we do want to see this positive event occur, then we must communicate more broadly on this stock beyond just crypto mining. 70% of 2021 revenues demand that we do so.”

Please help me and the other mods spread the word about what this company TRULY is. As a shareholder of this company, it is in your best interest to do so.

Good luck to all,

DD

Twitter is limiting visibility of Bitcoin Cash

This Reddit article exclained a strange event in Twitter earlier today. Search for Bitcoin Cash in Twitter does not provide any results.

I looked when this article was posted but it was fine for me. However, hours later I checked again and I received no results either. Bitcoin Cash visibility is obviously being limited in Twitter, and we may know the reasons already.

https://read.cash/@Pantera/twitter-is-limiting-visibility-of-bitcoin-cash-329faf85

​

https://preview.redd.it/tcqd3q7mrks61.jpg?width=300&format=pjpg&auto=webp&s=31d9d1451a90f0f9ee48d2fe8c6a6a0f9cd1aae7

Image Source

Итоговый сюжет

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Для обывателя, которому уготована участь курицы гриль, проще буднично бормотать «да это все понты, ничего не будет, потому что просто не может быть никогда». Предупреждение Путину лично: если ты готов играть в войнушку с НАТО и США – помни, что для китайцев жареная крыса – любимое блюдо.

Смотрите итоговый сюжет.

Текст и начитка – Александр Сотник

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🚨🚨Announcement to Shareholders: Knowledge is Power 🚨🚨

As a Shareholder of a company, no matter how large or small, you have an incentive to share knowledge of the company you own. We have a very unique opportunity with this subreddit to share ideas and become more knowledgeable, collectively as a group. We’ve nearly doubled in size the past week and we have a lot of new members who need to be caught up to speed on what this company TRULY is.

I think it’s very important that all members here understand the fact that SOS Limited is NOT a Bitcoin mining company. SOS is a technology, healthcare, marketing, insurance and financial conglomerate with MANY existing and emerging streams of revenue. It ALSO just happens to own one of the largest crypto-mining operations of any publicly traded company in the world.

I am currently working on a DD post that will take a deeper dive into each of these revenue streams, as well as the background and future of SOS Limited, but that will take some time.

I’ve recently opened conversations with Bull & Bear Trading from Seeking Alpha and have joined his private “Trader’s Idea Flow.” There he has shared many, many of his thoughts on SOS to that small group of subscribers. I don’t think he would mind if I shared one of those thoughts with everyone here. I think the last sentence of this paragraph sums up my post pretty well:

“Early investors into a very young growth stock, like us, may not be accustomed to the pace of developments and PR from the company. News may be announced when we least expect it, or it may be included as a bundle of key items on the upcoming ER date. Until the stock gains some overall market support from a few new institutional investors, and widens the scope of its retail interest, it will be vulnerable. Also, it is important for us to grow the narrative on SOS beyond being just a crypto miner. 70% of 2021 revenues are being delivered by the more stable data mining / blockchain innovation being delivered by SOS for large Chinese corporations in the real estate, healthcare and insurance industries. This business has a huge upside potential. Think of the revenue streams that FB and GOOG generate from a similar line of business in the U.S. Now apply that same model to this emerging small cap in a nation with a population of 1.4B people. The upside is almost limitless. That is the narrative that we want to grow, along with the sharply increasing revenues from crypto mining. An estimated 70% of 2021 revenues may come from the core business of data mining / blockchain. It is in shareholder's interests to begin sharing this very significant fact with the market. Being identified as "just a miner" only tells 30% of the 2021 story for SOS. Again, I am a believer that SOS will deliver innovations in blockchain and De-Fi that will give them a leadership position in this global, greenfield opportunity. Management has discussed their "pioneering work" in this space, and the header on the SOS website's home page is: Blockchain Innovators Serving The World. I believe that the 400% revenue growth in 2020 and again in 2021 an estimated 400% growth once again, this may be the tip of the iceberg for revenue growth at SOS. The blockchain / De-Fi space presents nearly a limitless upside with the development of a few patents achieved by SOS, there is likely to be a steady influx of new capital into this stock in 2021. Candidly, we want to benefit from the upward trend in crypto, and we also want to expand the narrative to include the bigger opportunity in blockchain / De-Fi. The selling points for SOS are the 3 emerging revenue streams in blockchain innovation, crypto mining, and the coming De-Fi, compared to other peers of SOS (RIOT and MARA) who are just miners. If we want to see the marketplace for SOS grow, and we do want to see this positive event occur, then we must communicate more broadly on this stock beyond just crypto mining. 70% of 2021 revenues demand that we do so.”

Please help me and the other mods spread the word about what this company TRULY is. As a shareholder of this company, it is in your best interest to do so.

Good luck to all,

DD