Author: NBTC
Investment management firm Ark Invest, led by Cathie Wood, has made significant moves in its portfolio management strategy, divesting $6.4 million worth of Coinbase shares in two of its exchange-traded funds (ETFs). Ark Invest Sold Coinbase Shares Worth $6.4 Million The latest trading filing from the company revealed that Ark sold a total of 25,662 Coinbase shares. The sales included 22,690 shares of Ark’s Innovation ETF (ARKK) valued at $5.7 million and 2,972 shares of the Next Generation Internet ETF (ARKW) valued at $742,000. The divestiture marks the first major reduction in Coinbase holdings since Ark sold $21 million worth…
Top crypto pundit Lola highlights 15 reasons why investors should believe in Shiba Inu, as several analysts expect its price to reach the $0.01 level. Shiba Inu community members have remained optimistic about the future of SHIB, given the asset’s outstanding performance in the past week. Recall that Shiba Inu price soared nearly 300% last week to $0.000045. 15 Reasons Why You Should Believe in Shiba Inu In the meantime, Lola, a Shiba Inu community figure, recently highlighted 15 reasons why SHIB holders should believe in the token’s future prospects. SHIB’s Recognition in Hong Kong The pundit emphasized the importance…
As the cryptocurrency community still awaits the conclusion of the courtroom standoff between the United States Securities and Exchange Commission (SEC) and blockchain company Ripple, legal experts have highlighted what seems to be the regulatory watchdog’s unequal approach. Specifically, law professor J. W. Verret pointed out that the “SEC typically collects 11% of unregistered sales claims, but in Ripple case, they want 300%,” adding that “this is what abuse of power looks like,” as he explained in a post on his X profile BlockProf shared on April 3. Disproportionate Ripple SEC request Furthermore, Verret posted a graphic showing the disproportionate…
The return of KuCoin to the Play Store in India despite recent legal issues marks a significant development for Indian crypto investors. Despite facing charges from the U.S. Department of Justice (DOJ) for violating anti-money laundering laws and a lawsuit from the U.S. CFTC over its ETH margin trading, KuCoin is making efforts to continue its operations. 𝗛𝘂𝗴𝗲 𝗡𝗲𝘄𝘀 𝗳𝗼𝗿 𝗜𝗻𝗱𝗶𝗮𝗻 𝗖𝗿𝘆𝗽𝘁𝗼 𝗨𝘀𝗲𝗿𝘀 🔥🔥#KuCoin is back on the Play Store after being the first FIU-complaint foreign #Crypto exchange in 🇮🇳 India pic.twitter.com/OfCKhPzbe1 — Wise Advice (@wiseadvicesumit) April 3, 2024 However, data from Kaiko shows that the impact of these charges…
The crypto market has recently experienced a wave of liquidations, amounting to nearly $300 million, closely following Bitcoin’s sharp reclaim of the $67,000 mark. This surge in Bitcoin’s value, a stark reversal from its previous downtrend, caught many traders off guard, especially those who had placed bets on the continuation of the market’s decline. Over 80,000 Traders Faces Liquidation The data provided by Coinglass sheds light on the magnitude of the liquidations, revealing that approximately 86,047 traders suffered losses exceeding $250 million within a mere 24-hour period. Major exchanges like Binance, OKX, Bybit, and Huobi were the arenas for these…
Cryptocurrencies erased gains while stocks bounced in pre-market trading Friday morning after jobs data came in far higher than expected. The US economy added 303,000 jobs in March, far surpassing the expected figure of 212,000, data from the Bureau of Labor Statistics released Friday showed. February’s jobs numbers also surprised to the upside — the BLS reported that the economy added 275,000 jobs when economists had only expected 198,000. The unemployment rate fell to 3.8% in March, just shy of the 3.9% figure economists had called for. Bitcoin and ether dipped on the news, losing 1% and 3%, respectively, Friday…
A Shiba Inu community member has made an informal request to the Exodus Crypto Wallet team to support Shibarium. The campaign, which now has full community support, started with a community member identified as Chubibi (@Pika_Shib), who made the request directly to the official X account of the wallet. It is pivotal to facilitate the integration of a blockchain protocol on exchanges, wallets, and other infrastructures to expand its reach and create more avenues for users to explore it. Chubibi argued that Shibarium deserves to be added to Exodus, considering its status as a Layer-2 scaling solution. Shibarium Integration Request…
The IMF has urged Ukraine to complete virtual asset legislation by the end of 2024 due to regulatory concerns and economic potential. The International Monetary Fund (IMF) has urged Ukraine to finalize its update of legislation regarding virtual assets by the end of 2024, according to a Facebook post from Oleksandr Bornyakov, a deputy minister of digital transformation of Ukraine on IT industry development. This requirement was outlined in the Memorandum of Economic and Financial Policies signed between Ukraine and the IMF, Bornyakov said, adding that the European international financial institution cited concerns about the current lack of regulation in…
PayPal enables use of PYUSD in cross-border transfers for Xoom users Xoom users in the US can convert PYUSD into USD and send money to 160 countries. Xoom, the international money transfer platform of payments processing giant PayPal, has announced that it now supports the use of PayPal USD (PYUSD) as a funding option for users in the United States. In an announcement today, the cross-border money transfer platform said eligible US users can now convert PYUSD into US dollars when looking to send money to friends and family. PayPal expands PYUSD adoption PayPal USD is a USD dollar-denominated stablecoin…
Recent observations by Eric Balchunas, a senior ETF analyst at Bloomberg, suggest that the movements in Bitcoin’s price are influenced by factors beyond just the flows of spot Bitcoin Exchange Traded Funds (ETFs). According to Balchunas, who shared his insights on X, “bigger forces at work” shape the largest cryptocurrency’s valuation. This indicates that the correlation between spot ETF flows and Bitcoin’s price action is less direct than some assume. The ETF Influence And Market Movements This analysis emerges amid a period of significant financial activity for Grayscale, which has seen substantial outflows, described by Balchunas as experiencing a “second…