17:00 Today in Crypto: US Court Orders SEC to Respond to Coinbase's Rulemaking Petition Within 7 Days, Circle Gets Its Singapore MPI Licence, Cathie Woods Uses Drop in Coinbase Stock Price to Stock Up
17:00 Today in Crypto: Poloniex to Pay $7.6M in Settlement with US Authority, Complaint Alleges Coinbase Violated Illinois' Biometric Information Privacy Act, 3AC-founders’ OPNX Reprimanded by Dubai Regulator
15:19 Cathie Wood's ARK Invest Buys $8.7 Million in Coinbase Stock, Files Third Bitcoin ETF Application Amid SEC Lawsuit
Cathie Wood's ARK loading up on Coinbase shares again, buying $18M ARK Invest purchased 269,928 shares in Coinbase on March 23, only two days after it sold $13.5 million, its first sale of Coinbase shares this year. News Own this piece of history Collect this article as an NFT Cathie Wood’s Investment Management firm Ark Invest has gone back to buying Coinbase shares again, just a […]
Cathie Wood Believes in BTC and Coinbase’s Stock Cathie Wood of Ark Invest believes that by owning Coinbase stock, her new portfolio is enough to knock the Nasdaq into oblivion. She clearly feels Coinbase is going to take the world by storm alongside the likes of bitcoin, Ethereum, and other major forms of crypto. Cathie Wood Thinks BTC and Coinbase Stock Will Shine […]
Ark Invest Expects Bitcoin to Become a Multitrillion-Dollar Market — Predicts BTC Price Could Reach $1.48 Million Investment management firm Ark Invest says bitcoin is “likely to scale into a multi-trillion dollar market.” In its new report, the firm offers three bitcoin price predictions, including a bull case where bitcoin could rise to $1.48 million per coin. Ark Invest CEO Cathie Wood sees bitcoin as “an insurance policy for everyone against the […]
Customers Are Suing Coinbase, Claim the Exchange Had Weak Security Practices A group of investors that filed a class-action lawsuit against popular digital currency exchange Coinbase are now withholding their account information as a means of preventing their case from moving into arbitration territory. They want to see their situation escalate to the American court system and placed before a judge. Could Coinbase Find Itself in […]
'Wall of worry' led to digital wallets, blockchain tech ignored: Cathie Wood ARK Invest CEO Cathie Wood believes that digital wallets and blockchain tech were among “game-changing innovations” that the equity markets largely ignored in 2022. In a Jan. 12 blog post on the ARK Invest website, Wood suggested that the equity market faced a “wall of worry” in 2022, caused by fears of entrenched inflation and […]
Cathie Wood’s ARK Invest accumulating under pressure Coinbase stock Cathie Wood’s ARK Invest has added 158,000 shares of Coinbase (COIN) worth $5 million to its ARK Fintech Innovation Exchange-Traded Fund (ETF), (ARKF). With this, Ark Invest has significantly increased its COIN holdings, which comprised 3.39 percent of their portfolio as of Dec. 13, despite the exchange’s share price crashing by 86 percent this year. […]
Cathie Wood’s Ark Invest accumulating Coinbase and Tesla shares Cathie Wood, CEO of Ark Invest, has purchased 297,000 shares of Coinbase and 75,000 shares of Tesla despite turmoil in the crypto and stock markets. Wood remains bullish on cryptocurrencies, particularly Bitcoin, and electric automobiles. Cathie Wood banking on Tesla and Coinbase According to Bloomberg on Dec. 15, funds managed by Ark Investment Management LLC, […]
Ark Invest buys $3m worth of Coinbase stock despite bear market Cathie Wood’s investment company, Ark Invest, which has long been a supporter of bitcoin (BTC), bought 78,982 shares of Coinbase (COIN). With this acquisition, 5.7 million shares of COIN are now held by the ARK Innovation ETF (ARKK). Cathie wood’s organization buys the dip In an email, Cathie Wood’s Ark Invest announced that it purchased 78,982 shares […]
Bitcoin clings to $17K as ARK flags 'historically significant capitulation' Bitcoin (BTC) and decentralized blockchains are “as strong as ever” in the wake of the FTX meltdown, ARK Invest says. In the latest edition of its monthly newsletter, “The Bitcoin Monthly,” the investment giant came out firmly bullish on BTC. ARK: FTX scandal may be "most damaging event" ever With BTC price volatility ebbing into […]
Cathie Wood's ARK Invest adds more Bitcoin exposure as GBTC, Coinbase stock hit new lows Bitcoin (BTC) firms’ shares are a major “buy” for asset manager ARK Invest in the midst of the FTX meltdown. The latest data confirms that ARK continues to up its holdings of both exchange Coinbase (COIN) and the Grayscale Bitcoin Trust (GBTC). Cathie Wood buys the dip With FTX contagion still rippling through the crypto […]
Ark Invest CEO Warns Fed’s Actions Could Lead to 1929-Like Great Depression — Elon Musk Agrees The CEO of investment management firm Ark Invest has warned that if the Federal Reserve does not pivot, the current economic setup will be similar to 1929 when the Great Depression started. Tesla CEO and Twitter chief Elon Musk agreed. The Fed, Inflation, and the Great Depression Ark Invest CEO Cathie Wood, who is also […]
Amid Macro Uncertainty, Bitcoin Stabilizes. Incredible October Stats Inside The world is upside down. Is bitcoin stable now? Or is everything else extremely volatile all of a sudden? As the planet descends into chaos, bitcoin remains in a weird limbo that’s uncharacteristic of the asset and doesn’t seem to end. That’s both what it feels like and what the stats say. In the latest […]
Bitcoin is now less volatile than S&P 500 and Nasdaq Bitcoin (BTC) held gains above $21,000 into Nov. 5 as the U.S. dollar posted a rare major daily decline. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Dollar dives 2% as risk assets recover Data from Cointelegraph Markets Pro and TradingView showed BTC/USD building on prior strength to hit highs of $21,473 on Bitstamp — a […]
Crypto News Summary: Mastercard Launches Start Path Crypto, Meta Bringing NFT Minting & Trading to Instagram Source: AdobeStock / hodim Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ Payment news Mastercard has launched Start Path Crypto - a global engagement program to help blockchain, crypto, and digital asset startups scale. According to an announcement, seven startups are […]
California Governor Vetoes 'Premature' Crypto Bill, Russia to Use Digital Ruble w/ China by Next Year, a Debit Card Enables NFT Avatar Customization + More News
ARK Invest CEO: Bitcoin In “Capitulation Phase,” Still Set For $500k Bitcoin is still up in price despite the recent dips and the predictions have not slowed down. If anything, they have become even more prominent. Famed CEO of ARK Invest Cathie Wood has always been bullish on Bitcoin. The CEO earlier in the year had given what some would call an optimistic prediction for the […]
Ark Invest Seeks Approval on New BTC ETF Application Cathie Wood of Ark Invest fame has filed an application with the Securities and Exchange Commission (SEC) for a bitcoin-based exchange-traded fund (ETF) through her business. Another Bitcoin ETF Is Headed to the SEC Per official paperwork, the point of the ETF would be to track the price of bitcoin. It would also trade under […]
Major players will speak at a new Bitcoin event aimed at institutional investors The Crypto Council for Innovation is hosting a virtual event on July 21 aimed to “destigmatize mainstream narratives about Bitcoin.” According to a Thursday announcement, Square, Ark Invest, and Paradigm are backing The ₿ Word, an event on “how institutions can embrace Bitcoin.” The project scheduled for launch next month will offer featured speakers including […]
