Coinbase’s other big debut
Coinbase has its IPO this Wednesday and it will be a historical moment for cryptocurrency. Lobbyists tried to convince to influence policies that will be critical for expanding the use of cryptocurrencies in conjunction with traditional finance. The IPO will be a good indication of rather cryptocurrency in the near future will be a fast acceleration or a slow growth. Now Bitcoin is still considered a very speculative assets but some experts believe Bitcoin and the use of blockchain technologies will become fundamental parts of the financial system.
Summary of News
Vaccine Radio
The author has talked about the level of vaccination across different US states. Republican states seem to have a slower rate than Democratic states. The author summarized the reasons behind are related to state government strategies, different level of educations in each states, and people’s different perspectives on vaccines. Vaccine rates still are not high enough – in any state – to have ended the pandemic. There is not expected dates to return to full unlocked status.
Billion-dollar B2B: Cloud-first enterprise tech behemoths have massive potential.
Many old B2B and new B2B companies are very close in terms of stock price. Saleforce has crossed 1Billion in a few years after IPO while SAP took decades to reach 1.5 billion. Many of these companies adapt the charge by usage model and have been doing well such as AWS and Google Cloud. The article has addressed a good point which most of these companies focused on one flagship product and on diversifying later. Then after it has grown near or beyond 1 billion. The companies will shift from organic growth to inorganic growth from acquisitions just like Salesforce to avoid wasting resources from current teams to develop functionalities needed to support the businesses.
We’re All Crypto People Now
There has been many conversations about cryptocurrency as an enhancement or even a replacement for our current financial system. Following Coinbase’s IPO and a meme cryptocurrency Dogecoin. It sparks the wonder in many that it could actually be the future of our financial system, another investment choice, and great value perserving tool like gold and silver. Quite many people are benefited from the constant rise in cryptocurrency over these few years. A lot of them simply consider as an investment to diversify their portfolio but ending up not wanting to sell given the trend favouring cryptocurrency and the growth has made lots of people a millionaire over a few years. However, there are also many who don’t believe in it such as Warren Buffet who states that cryptocurrency is worthless, risky, speculative, and delusional. Some companies suffered loss from hackers or accidentally triggered accounts deletion by updating mobile phone security settings. Cybersecurity is a big topic to focus on addressing many technical issues from adapting to cryptocurrency.
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