Operating at the Intersection of Technology and the Capital Markets
Tag: Coinbase
It was only a matter of time before the SEC went after Coinbase (COIN) and Binance (private). The largest dark pool and exchange operators aren't content to live with the economic leakage posed by the crypto exchanges. Once Coinbase and Binance are crushed, the next move will be to regulate Bitcoin into oblivion. My guess … Continue reading First The Crypto Exchanges. Next Up, Crypto.
VICE Media: from a $6 billion valuation to filing for bankruptcy. Vice Media (private), is a great example of a Zombie company that can't survive without easy monetary policy. 8-10 years ago Vice was a media darling that could do no wrong. Former Viacom COO Tom Freston viewed Vice and founder Shane Smith as the … Continue reading Watch The Zombies Fall
Past recessions have taught us that leading Technology companies typically gain marketshare during down economies. I would expect this economic down period to be no different. Good news for Amazon (AMZN), Microsoft (MSFT), and others. Amazon (AMZN) and Microsoft (MSFT): Amazon's AWS unit and Microsoft's Azure unit will be mixed bags: Usage: Usage - and … Continue reading Technology Leaders Will Gain Share
They are rolling over at FTX. Sam Bankrun-Fraud gets to stay at his parents' house (what did they know?), for the time being, but with his co-founders rolling over and admitting guilt in the FTX fraud, I can't imagine Bankrun-Fraud not being locked up for the rest of his life. The real question is will … Continue reading Crypto Crumbles
Coinbase (COIN), is a walking bankruptcy absent an immediate, dramatic recovery in Retail customer sentiment. The probability of an imminent resurgence in Retail enthusiasm for Crypto is close to zero given 2022's various Crypto failures including the recent FTX fraud (FTX founder Sam Bankrun Fraud needs to be arrested ASAP). It hardly bodes well for … Continue reading Coinbase Is A Bankruptcy Waiting To Happen
Just a reminder that if Coinbase (ticker: COIN), was to file for bankruptcy protection, customer assets would be considered Coinbase property. Why would any retail or institutional investor ever engage Coinbase as a custodian given that risk? The excerpt below is from COIN's 10Q filing: Moreover, because custodially held crypto assets may be considered to … Continue reading Coinbase: What’s Yours Is Mine
What are Binance and Coinbase (COIN) worth given that crypto speculators are running for the hills? The underlying Distributed Ledger Technology (i.e. Blockchain) is worth something, but not enough to support COIN's $12 Billion market cap. Simply because a stock has lost 80-90% YTD does not mean it won't lose another 80-90%.
Coinbase (tkr: COIN) prices today and company co-founder Brian Armstrong made the point that regulation and cybersecurity are two key threats to the crypto industry. We believe that the crypto industry will spearhead cybersecurity innovations that will eventually be adopted by many consumers and enterprises. Tickers mentioned: COIN, MSFT, ORCL, PYPL, SAP, SQ, TYL When … Continue reading Crypto To Drive Next-Gen Security
We compared a number of Fintech apps in the Google Play Store. Square's Cash App ranked #7 (See our analysis for Fintech rankings). Venmo failed to rank in the top 600. Recent Cash App user reviews from the same Google Play Store analysis suggest Cash App is frequently hacked. View our analysis by clicking the … Continue reading Square’s Cash App Has A Fraud Problem
This trend has accelerated since the Federal Reserve embarked on its money printing spree earlier this year. Using Bitcoin as a proxy, it is clear that cryptocurrencies have evolved beyond speculative investment status to become a store of value. There are a fixed number of Bitcoins that may be mined (21 million) which checks one … Continue reading Cryptocurrency Is Starting To Gain Recognition As A Store of Value
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