• Dec 25, 2024

Can Coinbase Become the First Trillion-Dollar Cryptocurrency Stock by 2040?

Coinbase (NASDAQ: COIN) was founded in June 2012 with the sole purpose of facilitating the buying and selling of Bitcoin. While up-and-coming crypto start-ups could possibly be viewed as a threat to Coinbase's competitive position, the fact that this company has equity ownership in many of these businesses gives it financial upside should they succeed.

  • Dec 25, 2024

Russia is using bitcoin in foreign trade, finance minister says

Russian companies have begun using bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to counter Western sanctions, Finance Minister Anton Siluanov said on Wednesday. Sanctions have complicated Russia's trade with its major partners such as China or Turkey, as local banks are extremely cautious with Russia-related transactions to avoid scrutiny from Western regulators. This year, Russia permitted the use of cryptocurrencies in foreign trade and has taken steps to make it legal to mine cryptocurrencies, including bitcoin.