Day: December 12, 2022

Ark Invest Acquires 78,982 Coinbase Shares, Increasing Total Holdings

Ark Invest resumed its Coinbase shares acquisition in October when it added 10,880 shares, pushing the valuation of its then-total holdings to $60.5 million. Again, Florida-based investment management firm Ark Invest has purchased shares of popular cryptocurrency exchange Coinbase (NASDAQ: COIN). The recent purchase was the company’s first investment in the cryptocurrency exchange in December. According to the e-mail by Ark Investment, the firm purchased a total of 78,982 COIN shares for approximately $3 million. The renowned Coinbase shares purchaser recently resumed its acquisition after taking a break since June.…

How Crypto Can Repair Its Reputation in Washington – Crypto 2023

Second, we need to double down on education and show the societal benefits that crypto networks provide. Decentralized finance, or DeFi, has the power to expand financial access to underserved communities, streamline business functions and democratize the digital ecosystem. By sharing that story through briefings and meetings with key policy stakeholders, we can show that crypto is truly here for good and promote a positive regulatory environment. Source

NFT project blocks Chinese Twitter comments citing the need for ‘North American expansion’

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According to a Twitter post dated Dec. 11, SHHAN, creator of the black cats nonfungible tokens (NFT) collection Mimic Shhans, explained to users why he was blocking posts on community social pages written in the Chinese language. The move came after users condemned the new measures as discriminatory. According to SHHAN, who is based in South Korea, but created a Chinese post to specifically address the issue:  “It is because I previously announced on Twitter and Discord that my team is trying to enter the North American market. Therefore, I…

Bitcoin Bottom Or More Pain? Here’s What Arthur Hayes Thinks

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Arthur Hayes, the co-founder of crypto derivatives platform BitMEX and Bitcoin pioneer, has spoken out about the current state of the market in an interview with Scott Melker. Despite the threat of a looming recession in the U.S., Hayes believes Bitcoin is in a bottom phase. According to him, the origin of the boom-and-bust cycle is the rampant monetary policy. “If we take a step back and look at why BTC went up so high because [… ] the biggest economy in the world printed the most money they’ve ever…

BTC, ETH Move Lower Ahead of US Inflation Data – Market Updates Bitcoin News

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Bitcoin was trading under $17,000 to start the week, as markets prepared for a big week of economic announcements. U.S. inflation figures will be released tomorrow, and are expected to fall to 7.3%. Many believe this will give way to the Federal Reserve pivoting from its aggressive rate hike policy. Ethereum was also lower, and is trading below $1,250 as of writing. Bitcoin Bitcoin (BTC) started the week in the red, as traders prepared for a big week of economic announcements from the United States. Inflation figures will be released…

Chiliz Down 19% As FIFA World Cup Does Little To Boost CHZ

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Since FTX’s downfall, the sports-themed cryptocurrency Chiliz has been struggling. The anticipated pump from the beginning of the 2022 FIFA World Cup on November 21 has done little to stem the negative tide in this post-FTX timeframe. Chiliz bulls took confidence on November 10 as CHZ rebounded from the range lows to near the range highs. Despite the overwhelming anxiety on the market, the token posted gains of 72% from November 9 to November 18 within 10 days. But then, that’s a different narrative. Let’s take a quick glance of how the…

Rivian Scraps Electric Vans Deal with Mercedes to Focus on More ‘Cost-effective’ Measures

EV maker Rivian recently scrapped its electric vans deal with Mercedes to focus on its own consumer vehicle operations.  Rivian (NASDAQ: RIVN) has suspended its plans with Mercedes-Benz to manufacture electric vans in Europe. According to reports, the American electric vehicle (EV) maker will instead focus on its line of consumer and commercial vehicles. A statement issued by Rivian chief executive officer RJ Scaringe read: “At this point in time, we believe focusing on our consumer business, as well as our existing commercial business, represent the most attractive near-term opportunities to maximize value for…

Microsoft Acquires 4% Stake in LSEG in Decade-Long Cloud Deal

The shares of the London Stock Exchange were up by about 4% on Monday, showing investors a positive disposition to the Microsoft partnership. American multinational tech giant, Microsoft Corporation (NASDAQ: MSFT) has agreed to purchase as much as a 4% stake in the London Stock Exchange Group (LSEG). As reported by CNBC, the deal now involves a 10-year partnership that will see the LSEG migrate its data and analytics needs to the Microsoft Azure Cloud. The linkage between the Microsoft Corporation and the London Stock Exchange Group will go beyond…