On Wednesday, Cathie Wood’s ARK Invest made a second strategic move in the market, capitalizing on the crypto and fintech sectors. ARK sold 38,668 shares of Coinbase (COIN) from its Ark Fintech Innovation ETF (ARKF), amounting to $5 million. This decision followed the earlier sale of 43,956 COIN shares on
Wormhole, the pioneering cross-chain protocol, has secured a substantial $225 million investment, catapulting its valuation to an impressive $2.5 billion. This significant funding round was spearheaded by prominent entities including Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading, ParaFi, Dialectic, Borderless Capital, and Arrington Capital. Wormhole has secured $225 million
Central banks have collaboratively unveiled a pioneering project named “Tourbillon,” shedding light on the possibility of preserving privacy in transactions involving national digital currencies. The project was spearheaded by the Bank for International Settlements (BIS) Innovation Hub in Switzerland and scouted into the realm of payer anonymity within the context
As the crypto world navigates another tumultuous year, the specter of cybercriminals looms large. A string of heists has plagued the industry, amounting to over $735 million siphoned across 69 hacks so far in 2023, marking a staggering surge in digital theft. Among these, six stand as emblematic examples of
To propel the adoption of the USDC stablecoin and advance Web3 services in Japan, Circle, the renowned issuer of USDC stablecoin, has entered into a promising partnership with SBI Holdings, a prominent Japanese financial conglomerate. The collaboration was solidified with the signing of a memorandum of understanding (MOU) on November
In a week marred by legal upheaval, Binance, the world’s largest cryptocurrency exchange, found itself embroiled in an event that reverberated across global financial spheres. The exchange was hit with criminal charges alleging violations of sanctions and money transmitting laws, culminating in a historic $4.3 billion settlement with the U.S.
Crypto analytics platform Nansen is grappling with a wave of phishing scams targeting its users. Numerous individuals have reported receiving fraudulent emails promoting an attractive “Nansen Airdrop,” allegedly offering an exclusive opportunity for participation. However, CEO Alex Svanevik took to X (formally Twitter) and “warned users” that there is “no
As 2023 draws to a close, the crypto landscape stands as a testament to unprecedented highs and regulatory battles, with bears holding sway for extended periods. Yet, the resilience of market bulls has been constant, fiercely contending despite their struggle to maintain prolonged momentum. This fleeting strength prompts contemplation among
At a time when many altcoins are correcting, Thrupenny (TPY) has shown that it may be able to withstand any storm the crypto market faces. In the last seven days, the price of TPY has increased by 19.11%. The last 24 hours have not been so rosy as the cryptocurrency
In a pivotal move signalling a major shift in the AI landscape, Microsoft CEO Satya Nadella has confirmed the induction of former OpenAI executives into the tech giant’s fold. This development follows a rapid series of leadership changes at the prominent American AI research organisation OpenAI where CEO Sam Altman
