The filings were released days after Ark added 301,437 shares more shares of crypto exchange Coinbase (COIN) to the ARK Innovation ETF (ARKK) and 52,525 shares to its Next Generation Internet ETF (ARKW), a purchase valued at $20.6 million based on Coinbase’s closing price last Thursday. Ark has been steadily buying shares of Coinbase since the beginning of the year. Source
Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights. In this week’s newsletter, read about why Meta decided to “wind down” its nonfungible token (NFT) tools on Instagram and Facebook, and check out the metaverse greenhouse full of dynamic, “breedable” NFT flowers. Find out more about Binance NFT’s addition of Polygon network support to its marketplace and, last but…
The Swiss National Bank (SNB) and the Swiss Financial Market Supervisory Authority released a joint statement on March 15 on the stability of the Swiss banking system and Credit Suisse. The problems of “certain banks in the USA” do not pose a risk for the Swiss financial system, they wrote. The statement was reportedly produced at the request of Credit Suisse. The regulators said Credit Suisse meets all capital and liquidity requirements, but “if necessary, the SNB will provide CS [Credit Suisse] with liquidity.” However, Credit Suisse still “meets the capital…
“[Guo] is charged with lining his pockets with the money he stole, including buying himself, and his close relatives, a 50,000 square foot mansion, a $3.5 million Ferrari, and even two $36,000 mattresses, and financing a $37 million luxury yacht,” U.S. Attorney for the Southern District of New York Damian Williams said. Source
After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up 9.6% since last week. However, its price has decreased by 6.5% in the last 24 hours. Out of the 7,316 companies, crypto assets, precious metals, and exchange-traded funds worth more than $82 trillion in value, bitcoin is the 12th largest asset worldwide by valuation. Bitcoin’s Market Capitalization Compared to Other Top Assets: Leading Crypto Climbs Above Visa, But Lags Behind Meta Crypto assets, specifically bitcoin (BTC), have increased in value…
CryptoX – Cryptocurrency Analysis and News Portal “We’re going through that mechanical process right now,” Tillis said Wednesday at a Bipartisan Policy Center event in Washington. He said “all the ideas coming from various offices” are under that review, with an aim toward finding components that could clear a Congress split between the parties. Tillis sits on the Senate Banking Committee, which will have a key role in advancing any sort of crypto legislation. Original Source The post U.S. Lawmakers Digging Through Crypto Legislation for Bipartisan Winners: Senator appeared first…
The Federal Reserve Board reduced banking reserve requirements to zero in March 2020. Since that time, banks in the United States have not been required to actually hold any depositor money in the bank, making a flawed system — fractional reserve banking — worse. With Silvergate Bank, Silicon Valley Bank and Signature Bank now shuttered, many in the U.S. are wondering if regional banks pose the same risks. Zero reserve policies at the Federal Reserve only make further bank collapses more likely. Fractional reserve banking and Silicon Valley Bank Before…
Despite the collapse of major crypto-focused banks, bitcoin has surged by 50% this year, outperforming major stock indexes and commodities. Bitcoin price surges despite setbacks Starting the year at just over $16,500, bitcoin is trading around the $25,000 mark, thanks to a recent rally. Bitcoin’s price experienced a significant surge this year, following a 65% crash in 2022. This crash was attributed to several factors, including collapses of projects and hedge funds, bankruptcies, liquidity issues, and the failure of FTX, one of the world’s largest cryptocurrency exchanges. Despite the closure of…
The beginning of 2023 raised hopes that the blockchain industry was on the path toward recovery, but weaker-than-hoped financial performance and a bout of negative news in February have cast doubts on this outlook. However, these headwinds do not affect all sectors of the industry uniformly. Nonfungible tokens (NFTs) and security tokens have managed to decouple from the broader environment and showed positive signs in February, but the rest of the market remains cautious. For those serious about understanding the crypto space’s various sectors, Cointelegraph Research publishes a monthly Investors…
The United States Justice Department announced on March 15 that it was pressing charges against a resident of Hanoi, Vietnam, in connection to the operation of the ChipMixer. The announcement came shortly after it became known that a Europol action led by German law enforcement had closed down the Vietnam-based crypto mixer. The U.S. Attorney’s Office of the Eastern District of Pennsylvania is charging Minh Quốc Nguyễn with money laundering, operating an unlicensed money-transmitting business and identity theft, it said. Those crimes carry a maximum penalty of 40 years in…