Bitcoin reaches ATH, Coinbase stock reference price of $250 and lawsuit against Faketoshi

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Bitcoin reaches all-time high above $64.500

This makes Bitcoin the sixth largest currency in the world as per its valuations. Just a few days back, Bitcoin toppled the Australian Dollar (AUD) as it surged to record highs.

Coinbase direct listing starts today, reference price at $250 per stock

The price is far below the current FTX pre-trading price of $600. The trading volume although is not extremely high: under $4 million.

The exchange is going public via a direct listing instead of an IPO, meaning the reference price is not a direct indicator of the company’s market cap. It simply implies a valuation of $65 billion, which is below other estimates ranging between $68 billion and $120 billion.

In the lead-up to the Nasdaq listing, Coinbase surprised all 1,700 full-time employees by giving them 100 shares each, worth $25,000 at the current reference price. The March 25 “thank you” gift is a no-strings-attached grant, meaning they could sell them immediately after the listing goes public tomorrow.

Source: Cointelegraph

Civil lawsuit against Craig Wright by COPA

COPA is looking to get the UK High Court to rule that Wright is not the rightful owner of the Bitcoin white paper.

Basically, COPA is seeking an injunction against Craig Wright so it can restrain him from pulling the same tactics again. The Australian forces several websites to stop hosting ‘his’ whitepaper some months ago.

The lawsuit was filed on April 9, 2021, and the organization wants the Intellectual Property List of the High Court of Justice Business and Property Courts of England and Wales to rule on the matter.

Source: bitcoin.com

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