ARK Invest, the investment management firm focused on innovative tech led by Cathie Wood, took advantage of a dip in the price on Wednesday to buy nearly $80 million worth of Robinhood stock. As per daily trading data, Woods ARK purchased a total of 2.24 million shares of Robinhood across three of Arks ETF funds, with the majority of shares…
MicroStrategy added almost 9,000 Bitcoin to its holdings in Q3, bringing its total BTC stash to a valuation of around $7 billion. The company highlighted the purchase of 8,957 BTC in its Q3 report on Oct. 28, with the firms perma-bull CEO Michael Saylor stating that there is more BTC accumulation to come: Today, MicroStrategy is the worlds largest publicly…
British police have seized bitcoin worth almost $3 million from a teenager who set up a fake website to scam consumers. “At the time they were worth £200,000. They are now worth a little over £2 million.” UK Police Seize $2.8 Million in Bitcoin British police have arrested a 17-year-old boy from South Lincolnshire and seized bitcoin worth almost $3…
The price of Ethereum, the second-largest cryptocurrency by market cap, has spiked over 10% in the last 24 hours to secure a new all-time highjust two days after eclipsing its previous record. The new all-time high for ETH is $4,416.05, according to data from CoinGecko. On Tuesday, October 26, the asset coasted to nearly $4,300 before declining all the way…
On Wednesday, the Ethereum blockchain underwent its third upgrade in seven months. And unlike the previous two upgrades, things have gone smoothly so far. The Altair upgrade was the first (and perhaps last) upgrade to the Beacon Chain before Ethereum fully transitions to a proof-of-stake network. The Beacon Chain, which introduced ETH staking and set the table for “shard chains”…
Palestine’s economy is struggling from severe internal and external constraints under the Israeli occupation. Israel-imposed economic and social restrictions are constantly hindering inclusive and sustainable economic growth. These restrictions put various limitations on people and resources, causing economic stagnation in that area. However, other internal factors also contribute to poor economic growth. Some of these include high poverty and unemployment…
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industrys most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. This week, Wanxiang Blockchain hosted its annual Shanghai Blockchain Week, an event that usually brings together the government, enterprise, academic and degen side of the industry for a…
Shiba inu supporters are petitioning on Change.org for the trading platform Robinhood to list the shiba inu token for trading. Robinhood currently lists the meme cryptocurrency dogecoin which made up 62% of the company’s crypto trading volume in Q2. Petition to Get Robinhood to List Shiba Inu A petition on Change.org for the trading platform Robinhood to list the shiba…
Bitcoin is a peer-to-peer cryptocurrency arrangement that facilitates transactions denominated in digital units known as bitcoin. Functioning since 2009, the Bitcoin network has come to dominate and even define the cryptocurrency space, spawning a legion of altcoin followers and representing an alternative to fiat government currencies such as the U.S. dollar and the Euro, and to metal currencies such as…
Around the Block from Coinbase Ventures sheds light on key trends impacting the crypto ecosystem. In this edition, the Ventures team provides an update on Coinbase Ventures activity in 2021-Q3, and key learnings from around the industry. Coinbase Ventures (or “Ventures”) has grown into one of the most active VC investors in crypto by deal count. In Q3, Ventures made…
