Cathie Wood Doubles Down on Coinbase

Noted growth investor Cathie Wood’s Ark Invest has added more than 213,000 Coinbase (COIN) shares worth about $13 million to its ARK Innovation (ARRK) and Next Generation (ARKW) exchange-traded funds. The 181,972 shares added to ARKK appear to be Ark Invest’s biggest single purchase of Coinbase’s shares this year. Earlier this week, Coinbase reported quarterly earnings that beat expectations, but its stock slipped 1.4% on Wednesday as crypto assets experienced a broad pullback. The crypto exchange’s stock is up 82% year to date to $61.18, but down from its closing-day…

Bitcoin Mining Consulting Firm Sabre56 Raises $35M to Build 150MW of Hosting Sites

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Binance Australia Derivatives reportedly closes accounts and positions for some users

Binance Australia Derivatives users reported abrupt notifications sent by the digital asset platform on Feb. 23,  saying it is starting to close certain derivatives positions and accounts.  According to screenshots posted by various users on Twitter, users who did not meet the requirements to be a “wholesale investor” were told all of their positions would be closed, and they would no longer be able to access the Binance Australia Derivatives Platform. Binance closed derivative positions for many Australian users abruptly #Australia #binance pic.twitter.com/4t1gL08oK6 — Moidul Islam (@Mi_moidulislam1) February 23, 2023 Users…

Blur founder Pacman puts the NFT marketplace war into perspective

In this episode of Hashing It Out, Pacman, the founder and core contributor of the nonfungible token (NFT) marketplace Blur, joins Elisha Owusu Akyaw to discuss how Blur has captured the attention of the NFT market. The tides in the NFT ecosystem changed in December 2022 when the newly launched NFT marketplace overtook OpenSea as the largest NFT trading platform by trading volume. Pacman describes this as a similar situation to the progression of the general token market. He explains that Blur created a marketplace that puts professional traders first,…

Crypto Analytics Firm Messari Cuts 15% of Workforce as Part of Restructuring

“Messari reduced our global workforce by 15% as part of a restructuring. This was a difficult, but long-term focused realignment that will help us better serve our customer’s data needs in the rapidly evolving economic and tech climate. We are grateful for the contributions of the employees we have parted ways with, and have provided them with a separation package to ease the transition.” Messari CEO Ryan Selkis told CoinDesk. Source

German DZ Bank Taps Metaco to Offer Crypto Asset Management Service

With the right user base and its alignment with existing regulations, DZ Bank will open access to millions of users to consider getting into the crypto ecosystem with its offering. DZ Bank, the second-largest financial services provider in Germany is set to dive into the crypto asset management niche and it has named Swiss custodian Metaco as its partner. As reported by CoinTelegraph citing statements shared by the duo, Metaco’s custody platform Harmonize will be the primary outfit that will be used by DZ Bank. Several financial institutions are already…