Day: March 5, 2024

Ark Invest sells $31m in Coinbase, buys Meta amid Bitcoin rally

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Ark Invest, led by Cathie Wood, has sold nearly $31 million worth of Coinbase shares as Bitcoin approached a new all-time high, nearly reaching the $69,000 mark on March 4. The investment manager executed the sale of 134,749 Coinbase shares across three of its exchange-traded funds (ETFs): ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and Ark Fintech Innovation ETF (ARKF), with the transaction valued at $30.88 million. Following the sale, Coinbase shares saw a significant increase, rising 11.4% to $229.15 in regular trading on the day and…

Deribit’s Bitcoin Volatility Index Signals Price Turbulence, Hits 16-Month High

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

PEPE and Sponge Meme continue to explode amid market frenzy

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. In a recent surge, Pepe’s value jumps over 50%, hitting a $2.6 billion market cap, while Sponge also climbs by 24%. PEPE price booms but analyst warns to “stay away” Pepe has witnessed monumental success, soaring by 51% today, 359% this week, and 574% this month. Currently trading at $0.000006314, the project reclaimed its May ATH yesterday, displaying significant momentum and entering price discovery mode. The move was sparked…

Russian Digital Ruble Pilot ‘on Track,’ Registers About 25K Transactions

Elvira Nabiullina, Governor of the Bank of Russia, stated that the current pilot test of the Russian digital ruble was “on track,” with several operations being tested, including opening wallets, and interactions with smart contracts. Nabiullina revealed that over 25,000 transactions were registered, and confirmed the pilot expansion later this year. Russian Digital Ruble Pilot […] Source CryptoX Portal

BRICS Will Create Payment System Based on Digital Currencies and Blockchain: Report

“We believe that creating an independent BRICS payment system is an important goal for the future, which would be based on state-of-the-art tools such as digital technologies and blockchain. The main thing is to make sure it is convenient for governments, common people and businesses, as well as cost-effective and free of politics,” Kremlin aide Yury Ushakov said in an interview with TASS. Source

Bitcoin On The Brink, Price Soars Above $68,000

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On Monday, a flood of capital brought Bitcoin within striking distance of record values, sending it soaring to a two-year high and breaching past $68,000. At its peak, the price was $68,800. At the time of writing, Bitcoin was trading at $67,980, up 6.6% and 20.6% in the daily and weekly timeframes, data from Coingecko shows. In recent weeks, as investment in bitcoin funds listed in the United States has increased dramatically, the value of the biggest cryptocurrency by market cap has increased by half this year. Bitcoin Heating Up…

Taiwan’s FSC to set cryptocurrency regulation by September

Taiwan plans to introduce a legislative framework for regulating cryptocurrencies by September of this year.  This initiative aims to bring strict measures against local and international cryptocurrency entities.  According to local reports, Huang Tianzhu, the Financial Supervisory Commission (FSC) chairman, emphasized the rising concern of fraudulent crypto-related activities, indicating that strict administrative penalties would be enforced on crypto exchanges and foreign currency merchants. Tianzhu also stressed that virtual assets bear no correlation to the real economy and highlighted the potential increase in investment disputes and risks associated with unregulated overseas…

Dogecoin Price Pumps To $0.20, Can DOGE Bulls Send It To $0.25

Dogecoin is up over 100% against the US Dollar. DOGE rallied toward the $0.20 resistance and might continue to rise toward the $0.225 resistance. DOGE extended its rally above the $0.150 resistance against the US dollar. The price is trading above the $0.180 level and the 100 simple moving average (4 hours). There is a connecting bullish trend line forming with support at $0.1620 on the 4-hour chart of the DOGE/USD pair (data source from Kraken). The price could extend its rally above the $0.200 and $0.2120 resistance levels. Dogecoin…

Ethereum Price Follows Bitcoin Surge, Why $4K Is Just A Matter of Time

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Ethereum price is pumping above the $3,550 resistance. ETH is following Bitcoin and might soon rally toward the $4,000 resistance zone. Ethereum is gaining pace above the $3,550 resistance zone. The price is trading above $3,650 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair seems to be setting up for a move toward the $3,850 and $4,000 levels. Ethereum Price Starts Fresh Surge Ethereum price extended its rally…