Ark Invest, headed by Cathie Wood, continued its long-standing dip-buying strategy on Thursday by purchasing an additional 158,116 Coinbase shares (COIN). Based on COIN’s closing price of $34.78, the deal represents roughly $5.5 million in value. As per Ark’s daily trading information, the full purchase went toward the ARK Fintech
The demise of the FTX crypto exchange created a great impact on the whole crypto space. Still the market is bearish with downfall in prices of all crypto assets and in all crypto related businesses. In that case, after the collapse FTX filed a bankruptcy in the court to solve
Central Bank digital currencies (CBDC) are central bank-issued digital tokens that function similarly to cryptocurrencies. They correspond in value to the national fiat currency of the nation. CBDCs are the subject of much research and development, with several nations having already adopted them. On Thursday, the Turkish Central Bank stated
Binance has gone a long way since its launch in 2017. By weathering the storm of the bear market and other turbulence, Binance has shown itself to be among the most durable of the bunch. The whole cryptocurrency industry had a rough 2022. The industry has seen it all, from
For the better part of two years, NFTs have been widely used by Chinese traders, but maybe not in the same manner as elsewhere. In China, NFTs are called digital collectibles instead of NFTs and cannot be bought with cryptocurrencies due to local regulations. China was among the pioneering countries
Michael Saylor, executive chairman of MicroStrategy, has said that by 2023, the company would release software and solutions that use the Bitcoin Lightning Network. Saylor announced the company’s development into Lightning Network-based software and solutions on December 28 during a Twitter Spaces event. These include “support” solutions for enterprise marketing
After much deliberation, cryptocurrency mining company Argo Blockchain has decided to sell its flagship mining facility Helios in order to weather the current bear market. To the tune of $65 million, the Helios facility was sold by Argo Blockchain on December 28 to Mike Novogratz’s crypto investment business Galaxy Digital.
Solona blockchain native token SOL fell by 15% on Thursday after Ethereum developer Vitalik Buterin tweeted support for the blockchain, which has been negatively affected by the collapse of FTX. According to CMC statistics, SOL has risen from its low of $8.19 on Thursday to $9.50. However, the token is
The largest cryptocurrency exchange in the world Binance has set forth to provide users with various options for buying cryptocurrencies. The platform has updated Binance Build to offer users to purchase cryptos using both Apple Pay and Google Pay. The Binance action is a significant step toward enhancing the service’s
Last week, a group of investors claimed that $22 million in cryptocurrency had been taken from the trading platform 3Commas due to a breach in the company’s API credentials. Wednesday, 3Commas disclosed that it was responsible for the API vulnerability. The news broke when an unknown Twitter user leaked almost
