Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding_老虎社区_美港股上老虎

Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding

cnbc2021-06-21

Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry. The fresh funding round values the Hong Kong-based start-up at $1 ...

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151

Jasmineljm
·2021-06-21
Make sure you’re doing your due diligence
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Pixieyi
·2021-06-21
Commented
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KLKK
·2021-06-21
Come back
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Kikiooi
·2021-06-21
Great read
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Aaronykc
·2021-06-21
Coin ↗️🚀🌝
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5
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- Lilianpc:
  [Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool][Cool]
  2021-06-21
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- Aaronykc:
  [Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin][Grin]
  2021-06-21
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- Lilianpc:
  [Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised][Surprised]
  2021-06-21
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查看更多 2 条评论
Redbull97
·2021-06-21
To the moon!
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3
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- Kikiooi:
  Yes
  2021-06-21
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- Pixieyi:
  😊
  2021-06-21
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Soksok
·2021-06-21
Good
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1
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Fatchoco
·2021-06-21
Nice
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1
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NeedMoneyPls
·2021-06-21
Cathie wood bought in too. So tempting but my money in AMC
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2
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Brencakes
·2021-06-21
Awesome
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DansonYong
·2021-06-21
Yes
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SaveHK
·2021-06-21
Wow...BITCOIN to $1000000 🚀🚀🚀
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1
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Coffeecake
·2021-06-21
Oic… hmmmmm
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1
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JavianWY
·2021-06-21
cool
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2
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JohnWL
·2021-06-21
Interesting stuff
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2
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Munching
·2021-06-21
Hmmm
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4
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- Sporekid:
  Pls go My profile then like comment Share on my latest post thx
  2021-06-21
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theloy
·2021-06-21
Is crypto still good?
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2
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- Munching:
  Yes
  2021-06-21
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- Ola5528:
  Yes, The bull market is not over. keep stacking sats!
  2021-06-21
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- ZEROHERO:
  Yes for long term disruption & growth
  2021-06-21
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查看更多 1 条评论
FlashMinato
·2021-06-21
Nice
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Weeteck
·2021-06-21
To the moooon
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1
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BenjaminLim
·2021-06-21
Coinbase to the moon!!!
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2
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- fefelix:
  ok
  2021-06-21
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Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to that.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167190987,"gmtCreate":1624250613649,"gmtModify":1631884088217,"author":{"id":"3574930973977331","authorId":"3574930973977331","name":"Pixieyi","avatar":"https://static.tigerbbs.com/bb385fb09ee6fbeb60147f39acfc9b03","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3574930973977331","idStr":"3574930973977331"},"htmlText":"Commented","listText":"Commented","text":"Commented","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167190987","repostId":1121306615,"repostType":4,"repost":{"id":"1121306615","kind":"news","pubTimestamp":1624237956,"share":"https://www.laohu8.com/m/news/1121306615?lang=&edition=full","pubTime":"2021-06-21 09:12","market":"us","language":"en","title":"Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1121306615","media":"cnbc","summary":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to ","content":"<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to that.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167382284,"gmtCreate":1624247300648,"gmtModify":1631891814179,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"htmlText":"Come back&nbsp;","listText":"Come back&nbsp;","text":"Come back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167382284","repostId":1121306615,"repostType":4,"repost":{"id":"1121306615","kind":"news","pubTimestamp":1624237956,"share":"https://www.laohu8.com/m/news/1121306615?lang=&edition=full","pubTime":"2021-06-21 09:12","market":"us","language":"en","title":"Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1121306615","media":"cnbc","summary":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to ","content":"<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to that.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167391316,"gmtCreate":1624245685235,"gmtModify":1634008949453,"author":{"id":"3574639507377836","authorId":"3574639507377836","name":"Kikiooi","avatar":"https://static.tigerbbs.com/81135f833a61d8d0899dff1c77b07e72","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3574639507377836","idStr":"3574639507377836"},"htmlText":"Great read","listText":"Great read","text":"Great read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167391316","repostId":1121306615,"repostType":4,"repost":{"id":"1121306615","kind":"news","pubTimestamp":1624237956,"share":"https://www.laohu8.com/m/news/1121306615?lang=&edition=full","pubTime":"2021-06-21 09:12","market":"us","language":"en","title":"Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1121306615","media":"cnbc","summary":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to ","content":"<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to that.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167928796,"gmtCreate":1624243395715,"gmtModify":1634008987214,"author":{"id":"3571535693267201","authorId":"3571535693267201","name":"Aaronykc","avatar":"https://static.tigerbbs.com/a6fb0a4f08d4e7b8733e7ebc2445aad5","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3571535693267201","idStr":"3571535693267201"},"htmlText":"Coin ↗️🚀🌝","listText":"Coin ↗️🚀🌝","text":"Coin ↗️🚀🌝","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/167928796","repostId":1121306615,"repostType":4,"repost":{"id":"1121306615","kind":"news","pubTimestamp":1624237956,"share":"https://www.laohu8.com/m/news/1121306615?lang=&edition=full","pubTime":"2021-06-21 09:12","market":"us","language":"en","title":"Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1121306615","media":"cnbc","summary":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to ","content":"<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to 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the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/167928300","repostId":1121306615,"repostType":4,"repost":{"id":"1121306615","kind":"news","pubTimestamp":1624237956,"share":"https://www.laohu8.com/m/news/1121306615?lang=&edition=full","pubTime":"2021-06-21 09:12","market":"us","language":"en","title":"Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1121306615","media":"cnbc","summary":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to ","content":"<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to that.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4925088,"gmtCreate":1624245429528,"gmtModify":1635305145712,"authorId":3574639507377836,"author":{"id":3574639507377836,"idStr":"3574639507377836","authorId":3574639507377836,"name":"Kikiooi","avatar":"https://static.tigerbbs.com/81135f833a61d8d0899dff1c77b07e72","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167928300,"type":1,"supId":0,"prevId":0,"content":"Yes ","text":"Yes ","html":"Yes "},{"id":4926782,"gmtCreate":1624250642161,"gmtModify":1635304963362,"authorId":3574930973977331,"author":{"id":3574930973977331,"idStr":"3574930973977331","authorId":3574930973977331,"name":"Pixieyi","avatar":"https://static.tigerbbs.com/bb385fb09ee6fbeb60147f39acfc9b03","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167928300,"type":1,"supId":0,"prevId":0,"content":"😊","text":"😊","html":"😊"}],"langContent":"EN"},{"id":167921265,"gmtCreate":1624243331257,"gmtModify":1634008988426,"author":{"id":"3579684763801587","authorId":"3579684763801587","name":"Soksok","avatar":"https://static.tigerbbs.com/03c4a8d2787d3c5042bccff3b0bb60f1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3579684763801587","idStr":"3579684763801587"},"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167921265","repostId":1121306615,"repostType":4,"repost":{"id":"1121306615","kind":"news","pubTimestamp":1624237956,"share":"https://www.laohu8.com/m/news/1121306615?lang=&edition=full","pubTime":"2021-06-21 09:12","market":"us","language":"en","title":"Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1121306615","media":"cnbc","summary":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to ","content":"<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to that.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167923238,"gmtCreate":1624243282124,"gmtModify":1634008989512,"author":{"id":"3575176235940249","authorId":"3575176235940249","name":"Fatchoco","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3575176235940249","idStr":"3575176235940249"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167923238","repostId":1121306615,"repostType":4,"repost":{"id":"1121306615","kind":"news","pubTimestamp":1624237956,"share":"https://www.laohu8.com/m/news/1121306615?lang=&edition=full","pubTime":"2021-06-21 09:12","market":"us","language":"en","title":"Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1121306615","media":"cnbc","summary":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to ","content":"<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to that.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167929818,"gmtCreate":1624243217934,"gmtModify":1634008990598,"author":{"id":"3577168442576973","authorId":"3577168442576973","name":"NeedMoneyPls","avatar":"https://static.tigerbbs.com/ae9445a785e57d1d8607eb2ae0dde618","vip":1,"crmLevel":8,"crmLevelSwitch":0,"authorIdStr":"3577168442576973","idStr":"3577168442576973"},"htmlText":"Cathie wood bought in too. So tempting but my money in AMC","listText":"Cathie wood bought in too. So tempting but my money in AMC","text":"Cathie wood bought in too. So tempting but my money in AMC","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167929818","repostId":1121306615,"repostType":4,"repost":{"id":"1121306615","kind":"news","pubTimestamp":1624237956,"share":"https://www.laohu8.com/m/news/1121306615?lang=&edition=full","pubTime":"2021-06-21 09:12","market":"us","language":"en","title":"Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1121306615","media":"cnbc","summary":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to ","content":"<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to that.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167962954,"gmtCreate":1624243040878,"gmtModify":1634008996060,"author":{"id":"3561967153760715","authorId":"3561967153760715","name":"Brencakes","avatar":"https://static.tigerbbs.com/c929d65869638dbafe19d96b87310089","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3561967153760715","idStr":"3561967153760715"},"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167962954","repostId":1121306615,"repostType":4,"repost":{"id":"1121306615","kind":"news","pubTimestamp":1624237956,"share":"https://www.laohu8.com/m/news/1121306615?lang=&edition=full","pubTime":"2021-06-21 09:12","market":"us","language":"en","title":"Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1121306615","media":"cnbc","summary":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to ","content":"<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to that.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167985531,"gmtCreate":1624242718923,"gmtModify":1634009003839,"author":{"id":"3577608661218389","authorId":"3577608661218389","name":"DansonYong","avatar":"https://static.tigerbbs.com/d847e6b2cafe58e68ceb1d9adcb8038f","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3577608661218389","idStr":"3577608661218389"},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167985531","repostId":1121306615,"repostType":4,"repost":{"id":"1121306615","kind":"news","pubTimestamp":1624237956,"share":"https://www.laohu8.com/m/news/1121306615?lang=&edition=full","pubTime":"2021-06-21 09:12","market":"us","language":"en","title":"Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1121306615","media":"cnbc","summary":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to ","content":"<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to that.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167915803,"gmtCreate":1624242368902,"gmtModify":1634009013260,"author":{"id":"3570678493691973","authorId":"3570678493691973","name":"SaveHK","avatar":"https://static.tigerbbs.com/89b74f5799a23844400ed6de94296d38","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3570678493691973","idStr":"3570678493691973"},"htmlText":"Wow...BITCOIN to $1000000 🚀🚀🚀","listText":"Wow...BITCOIN to $1000000 🚀🚀🚀","text":"Wow...BITCOIN to $1000000 🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167915803","repostId":1121306615,"repostType":4,"repost":{"id":"1121306615","kind":"news","pubTimestamp":1624237956,"share":"https://www.laohu8.com/m/news/1121306615?lang=&edition=full","pubTime":"2021-06-21 09:12","market":"us","language":"en","title":"Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1121306615","media":"cnbc","summary":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to ","content":"<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to that.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167916633,"gmtCreate":1624242273622,"gmtModify":1634009014820,"author":{"id":"3571898360776789","authorId":"3571898360776789","name":"Coffeecake","avatar":"https://static.tigerbbs.com/c4a012a00e1279b03369c6ec78341355","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3571898360776789","idStr":"3571898360776789"},"htmlText":"Oic… hmmmmm","listText":"Oic… hmmmmm","text":"Oic… hmmmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167916633","repostId":1121306615,"repostType":4,"repost":{"id":"1121306615","kind":"news","pubTimestamp":1624237956,"share":"https://www.laohu8.com/m/news/1121306615?lang=&edition=full","pubTime":"2021-06-21 09:12","market":"us","language":"en","title":"Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1121306615","media":"cnbc","summary":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to ","content":"<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to that.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167994418,"gmtCreate":1624241713334,"gmtModify":1631886619959,"author":{"id":"3580094281163264","authorId":"3580094281163264","name":"JavianWY","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3580094281163264","idStr":"3580094281163264"},"htmlText":"cool","listText":"cool","text":"cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167994418","repostId":1121306615,"repostType":4,"repost":{"id":"1121306615","kind":"news","pubTimestamp":1624237956,"share":"https://www.laohu8.com/m/news/1121306615?lang=&edition=full","pubTime":"2021-06-21 09:12","market":"us","language":"en","title":"Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1121306615","media":"cnbc","summary":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to ","content":"<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to that.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167072059,"gmtCreate":1624241023671,"gmtModify":1634009049202,"author":{"id":"3586310790127154","authorId":"3586310790127154","name":"JohnWL","avatar":"https://static.tigerbbs.com/b004d29f43f551bb076fcdd2e281d3a6","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3586310790127154","idStr":"3586310790127154"},"htmlText":"Interesting stuff","listText":"Interesting stuff","text":"Interesting stuff","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167072059","repostId":1121306615,"repostType":4,"repost":{"id":"1121306615","kind":"news","pubTimestamp":1624237956,"share":"https://www.laohu8.com/m/news/1121306615?lang=&edition=full","pubTime":"2021-06-21 09:12","market":"us","language":"en","title":"Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1121306615","media":"cnbc","summary":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to ","content":"<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to that.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167042417,"gmtCreate":1624240779039,"gmtModify":1634009056693,"author":{"id":"3585889470457472","authorId":"3585889470457472","name":"Munching","avatar":"https://static.tigerbbs.com/7994afc48f9078fd5f5d157fbe40ab8d","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3585889470457472","idStr":"3585889470457472"},"htmlText":"Hmmm","listText":"Hmmm","text":"Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/167042417","repostId":1121306615,"repostType":4,"repost":{"id":"1121306615","kind":"news","pubTimestamp":1624237956,"share":"https://www.laohu8.com/m/news/1121306615?lang=&edition=full","pubTime":"2021-06-21 09:12","market":"us","language":"en","title":"Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1121306615","media":"cnbc","summary":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to ","content":"<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to that.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4923101,"gmtCreate":1624240838592,"gmtModify":1635305365993,"authorId":3582243230077591,"author":{"id":3582243230077591,"idStr":"3582243230077591","authorId":3582243230077591,"name":"Sporekid","avatar":"https://static.tigerbbs.com/a24aa947a5fdc74372ef305a6c3245de","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167042417,"type":1,"supId":0,"prevId":0,"content":"Pls go My profile then like comment Share on my latest post thx","text":"Pls go My profile then like comment Share on my latest post thx","html":"Pls go My profile then like comment Share on my latest post thx"}],"langContent":"EN"},{"id":167053147,"gmtCreate":1624240323889,"gmtModify":1634009069264,"author":{"id":"3576745800689766","authorId":"3576745800689766","name":"theloy","avatar":"https://static.tigerbbs.com/a23d8042aeed9edf408aed28de027def","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3576745800689766","idStr":"3576745800689766"},"htmlText":"Is crypto still good?&nbsp;","listText":"Is crypto still good?&nbsp;","text":"Is crypto still good?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/167053147","repostId":1121306615,"repostType":4,"repost":{"id":"1121306615","kind":"news","pubTimestamp":1624237956,"share":"https://www.laohu8.com/m/news/1121306615?lang=&edition=full","pubTime":"2021-06-21 09:12","market":"us","language":"en","title":"Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1121306615","media":"cnbc","summary":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to ","content":"<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to that.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4923078,"gmtCreate":1624240786800,"gmtModify":1635305368337,"authorId":3585889470457472,"author":{"id":3585889470457472,"idStr":"3585889470457472","authorId":3585889470457472,"name":"Munching","avatar":"https://static.tigerbbs.com/7994afc48f9078fd5f5d157fbe40ab8d","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167053147,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"},{"id":4923367,"gmtCreate":1624241267474,"gmtModify":1635305336893,"authorId":3573943942927358,"author":{"id":3573943942927358,"idStr":"3573943942927358","authorId":3573943942927358,"name":"Ola5528","avatar":"https://static.tigerbbs.com/80f475dff1b8107d8a24e19220f0038d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167053147,"type":1,"supId":0,"prevId":0,"content":"Yes, The bull market is not over. keep stacking sats! ","text":"Yes, The bull market is not over. keep stacking sats! ","html":"Yes, The bull market is not over. keep stacking sats! "},{"id":4923483,"gmtCreate":1624241460603,"gmtModify":1635305323838,"authorId":3566532164444643,"author":{"id":3566532164444643,"idStr":"3566532164444643","authorId":3566532164444643,"name":"ZEROHERO","avatar":"https://static.tigerbbs.com/62813b6df1c4722e559d112fadd5486a","vip":2,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167053147,"type":1,"supId":0,"prevId":0,"content":"Yes for long term disruption &amp; growth","text":"Yes for long term disruption &amp; growth","html":"Yes for long term disruption &amp; growth"},{"id":4926160,"gmtCreate":1624248832638,"gmtModify":1635305030640,"authorId":3576745800689766,"author":{"id":3576745800689766,"idStr":"3576745800689766","authorId":3576745800689766,"name":"theloy","avatar":"https://static.tigerbbs.com/a23d8042aeed9edf408aed28de027def","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167053147,"type":1,"supId":0,"prevId":0,"content":"Great, but with so many option, what are the selection criteria?","text":"Great, but with so many option, what are the selection criteria?","html":"Great, but with so many option, what are the selection criteria?"}],"langContent":"EN"},{"id":167024824,"gmtCreate":1624240198668,"gmtModify":1631892928835,"author":{"id":"3581510077930535","authorId":"3581510077930535","name":"FlashMinato","avatar":"https://static.tigerbbs.com/07eb35a53787db6a59960aa49290deae","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581510077930535","idStr":"3581510077930535"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167024824","repostId":1121306615,"repostType":4,"repost":{"id":"1121306615","kind":"news","pubTimestamp":1624237956,"share":"https://www.laohu8.com/m/news/1121306615?lang=&edition=full","pubTime":"2021-06-21 09:12","market":"us","language":"en","title":"Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1121306615","media":"cnbc","summary":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to ","content":"<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to that.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167023948,"gmtCreate":1624240016484,"gmtModify":1634009078386,"author":{"id":"3570012903814585","authorId":"3570012903814585","name":"Weeteck","avatar":"https://static.tigerbbs.com/016c456ee2c4d36383c59e99913bfafa","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3570012903814585","idStr":"3570012903814585"},"htmlText":"To the moooon","listText":"To the moooon","text":"To the moooon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167023948","repostId":1121306615,"repostType":4,"repost":{"id":"1121306615","kind":"news","pubTimestamp":1624237956,"share":"https://www.laohu8.com/m/news/1121306615?lang=&edition=full","pubTime":"2021-06-21 09:12","market":"us","language":"en","title":"Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1121306615","media":"cnbc","summary":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to ","content":"<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to that.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167064939,"gmtCreate":1624239908821,"gmtModify":1631890421621,"author":{"id":"3579559931886389","authorId":"3579559931886389","name":"BenjaminLim","avatar":"https://static.tigerbbs.com/3b348c88c33a00e1c4591cb863b5ee10","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3579559931886389","idStr":"3579559931886389"},"htmlText":"Coinbase to the moon!!!","listText":"Coinbase to the moon!!!","text":"Coinbase to the moon!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/167064939","repostId":1121306615,"repostType":4,"repost":{"id":"1121306615","kind":"news","pubTimestamp":1624237956,"share":"https://www.laohu8.com/m/news/1121306615?lang=&edition=full","pubTime":"2021-06-21 09:12","market":"us","language":"en","title":"Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding","url":"https://stock-news.laohu8.com/highlight/detail?id=1121306615","media":"cnbc","summary":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to ","content":"<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase-backed crypto trading firm hits $1 billion valuation after fresh funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase-backed crypto trading firm hits $1 billion valuation after fresh funding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.cnbc.com/2021/06/21/coinbase-backed-amber-group-cryptocurrency-trading-firm-hits-1-billion-valuation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121306615","content_text":"Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry.\nThe fresh funding round values the Hong Kong-based start-up at $1 billion.\nInvestment bank China Renaissance led the round with participation from other high-profile investors including New York-based Tiger Global Management. Existing investors, which includes Coinbase's venture arm, were involved.\nThe latest funding round continues a flurry of funding activity in the cryptocurrency industry.\nIn the second quarter of 2021, venture capital investment into cryptocurrency and blockchain start-ups totaled $14 billion, according to data from PitchBook provided to CNBC. That compares to just $600 million in the same period last year.\nInterest in cryptocurrencies, particularly in bitcoin, rose this year asinstitutional investorsand large corporations jumped in. Payments processorSquareand electric vehicle makerTeslaare among the companies that havepurchased bitcoin.\nBut after touching a record high of $64,829.14 in April, bitcoin has plunged by nearly half.\nBusiness model\nAmber Group has typically sold products to institutional investors and wealthy individuals including algorithmic trading and lending products.\nRather than being a cryptocurrency exchange that allows users to trade individual digital coins, Amber Group CEO Michael Wu said the company is bringing a \"private banking experience to every day customer.\"\nWu says the company offers investors a number of different cryptocurrency products to invest in.\nAmber Group said it is on track to book revenue of $500 million by the end of this year and has been profitable \"since inception.\"\nAccording to Wu, between 70% and 80% of the company's revenue comes from so-called net interest margin — a measure of lending profitability. Amber Group takes on customers' deposits and offers them an interest rate. They then lend out the money from a pool of deposits to other entities at higher interest rates and make money from that spread.\nAbout 15% of revenue comes from trading fees.\nWhile the majority of the company's customers are institutional investors, Wu said Amber Group is making a push to gain individual investor customers.\n\"We don't advocate heavy speculation or high use of leverage, rather we want our customers to be more long term, focus on risk management and get stable and attractive yield,\" Wu said.\nStrategic acquisitions\nThe CEO said the fresh capital raised will be used to \"hire even more aggressively\" and to make strategic acquisitions in areas such as cybersecurity.\nBut Wu said the company is also looking to acquire others that have regulatory licenses in certain jurisdictions, which could allow Amber Group to enter a new market.\nRegulation around cryptocurrency investing differs around the world and is quite fragmented.\n\"I think regulation is always a challenge for this industry because it's a very global industry,\" Wu said. \"It's always about staying ahead, or at least staying aware of the different regulation. We always take a very conservative approach to that.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4925266,"gmtCreate":1624246026923,"gmtModify":1631890421668,"authorId":3559524556289636,"author":{"id":3559524556289636,"idStr":"3559524556289636","authorId":3559524556289636,"name":"fefelix","avatar":"https://static.tigerbbs.com/266977937e6de16f27fd0630bb86d548","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167064939,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":151,"commentSize":47,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}