Intel Unveils It Owns Over 3,000 Coinbase Shares

Intel, a chip giant manufacturer, has disclosed it bought shares from the US-listed cryptocurrency exchange Coinbase, precisely 3,014 shares. However, according to an article from Barron’s, the number of stocks had been numbered as of the end of June, and the fillings imply that the firm did not acquire them during the first quarter of 2021.

In fact, the report suggests that Intel could have bought Coinbase’s shares before the crypto exchange started to trade publicly in Nasdaq during April via a direct listing. As of press time, the chip giant manufacturer did not comment on the matter. But, overall, the figures unveil that such investment is small, at just $800,000, taking into consideration the recent price of Coinbase’s shares at $264.60.

Per the US Securities and Exchange Commission, companies with over $100 million in publicly traded investments like Intel should disclose their stakes. Currently, the chip giant has allocated money on McAfee, MaxLinear, and Shift4 Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term. Early this month, Coinbase announced its financial results for Q2 of 2021. The company reported a record jump in trading volume and revenue due to a surge in the adoption of digital currencies. The retail transaction revenue in the last quarter reached $1.8 billion, which is 26% higher compared to the first quarter of 2021. In addition, the exchange’s institutional transaction revenue touched $102 million in Q2 of 2021.

Coinbase Investments

Also, Coinbase has been doing some business manoeuvres in terms of joining investments. In July, Finance Magnates reported that Bank of America, Coinbase Ventures – Founders Fund – and FTX joined the Series D funding round of Paxos, a regulated Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term infrastructure platform.

That said, Paxos received a valuation of $2.4 billion. To date, the company has raised a total of $540 million. In April 2021, Paxos secured $300 million in a funding round led by Oak HC/FT with participation from previous investors, including Declaration Partners, PayPal Ventures and Mithril Capital.