Saturday, May 21, 2022

Intel owns nearly $800,000 worth of Coinbase stock

Must Read

Solana : Is its 34.5% rally enough to fend off possible flippening with LUNA As another week draws to a...

Skechers is Stepping into Metaverse!

After Nike and Adidas, Skechers is also stepping into the world of the metaverse. According to the announcement, the...

Uniswap Deploys to Polygon as MATIC Hits All-Time High

The world’s most popular decentralized exchange has just been turbocharged with deployment on Ethereum layer 2 aggregator Polygon. In an...

Semiconductor company Intel Corporation may be entering the cryptocurrency market. According to a report submitted to the US Securities and Exchange Commission (SEC) by financial news site Barrons, the company appears to have purchased approximately $800,000 worth of Coinbase (COIN) shares on June 26, 2021.

According to Barrons, Intel owns more than $100 million in publicly traded investments. As a result, the company was required to disclose these investments to the SEC.

The report sparks speculation over the possibility that Intel may have purchased Coinbase’s stock before Coinbase’s stock even went public. Nonetheless, Intel’s $800,000 investment is the company’s first significant investment in a cryptocurrency-related company.

How Long Has Intel Been Interested in Cryptocurrencies?

Intel has been interested in Bitcoin, cryptocurrencies, and blockchain technology for years. In 2019, the company applied for a patent for Bitcoin mining. It has submitted to the US Patent and Trademark Office a “system-on-a-chip (SOC)” chip that optimizes the power consumption of BTC miners. The Patent Office granted the patent to Intel.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Solana : Is its 34.5% rally enough to fend off possible flippening with LUNA As another week draws to a...

Skechers is Stepping into Metaverse!

After Nike and Adidas, Skechers is also stepping into the world of the metaverse. According to the announcement, the big brand will open a...

Uniswap Deploys to Polygon as MATIC Hits All-Time High

The world’s most popular decentralized exchange has just been turbocharged with deployment on Ethereum layer 2 aggregator Polygon. In an announcement on Dec. 22, Uniswap...

Chinese Companies are Competing in the ‘Metaverse’ Brand Race!

Despite the People's Bank of China's (PBOC) recent warning about the 'metaverse' and NFTs, many Chinese companies have filed for metaverse trademarks. At a meeting...

Don’t expect retail sell-off to crash Bitcoin price

Those expecting another Bitcoin (BTC) speculative price dip are looking in the wrong place, one of the industry’s best-known analysts suggested. In a Twitter discussion...
- Advertisement -

More Articles Like This

- Advertisement -