Posted 3/13/2024, 12:01:00 PM
Coinbase Seeks $1B to Fund Crypto Plans Amid Concerns Over Leverage and NFT Infringement
- Coinbase plans to raise $1 billion by selling convertible bonds to fund crypto plans, following MicroStrategy's example
- Ether prices may see a correction due to negative sentiment shift marked by risk reversals, though traders likely to buy any dips
- Excess leverage concerns after causing May 2021 crash; similar conditions now
- U.S. study concludes current IP laws adequate to deal with NFT copyright and trademark issues, though infringement common
- Stakeholders say NFT platforms have widespread trademark misappropriation and infringement