Posted 1 minute ago In ~ Cathie Wood, CEO of Ark Invest, an American investment company, explained the reason for selling Coinbase stock (COIN). During Thursday’s “Ask Me Anything” Q&A session, one user questioned Ark Invest’s rationale for “dumping” Coinbase stock. Wood responded, “We’re not dumping. That’s what active management is all about.”“Coinbase has increased approximately 9x since the spring of 2023,” Wood continued. “It’s over 10% of the portfolio. We’re simply taking profits. We’re redeploying those profits into stocks that are still in the top spot and have suffered losses for a very short period of time, like Coinbase…
Author: Crypto Flexs
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Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. JYDS is generating excitement in the cryptocurrency community with the pre-sale launch of Solana, which offers a decentralized approach reminiscent of the success of meme coins like BONK. The cryptocurrency world is abuzz with anticipation as JunkYard Dogs Sol (JYDS) announced the launch of pre-sales on the Solana blockchain. Comparing the huge success of meme coins like BONK, investors are considering JYDS, which is gaining attention for its community-driven, decentralized approach. The emergence of a new gem Solana Meme…
A U.S. district judge has dismissed an antitrust lawsuit brought against Apple by Venmo and Cash App users who claimed Apple Cash has an anti-competitive advantage. In a significant legal victory for Apple Inc., a lawsuit brought by customers of payment services such as Venmo and Cash App has been dismissed by U.S. District Judge Vince Chhabria. The lawsuit accuses Apple of engaging in monopolistic practices through its Apple Cash service, which the plaintiffs claim stifles competition and impedes the introduction of innovative features such as decentralized cryptocurrency payments. The lawsuit takes aim at Apple’s stronghold in the digital payments…
Cryptocurrency trading requires accuracy, speed, and strategic risk management. Kraken Pro’s new right-click feature allows customers to place limit and stop orders directly on cryptocurrency charts for more intuitive and less error-prone trading. This upgrade aims to improve the trading process, allowing you to take immediate action based on chart analysis without having to navigate or manually enter detailed order information each time. Why chart-based order placement is important Setting limit and stop-loss orders directly on the chart makes it simple and accurate to avoid mistakes like accidentally selecting the wrong order type or buy/sell direction when manually entering order…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. As the DeFi market develops, investors look for new opportunities beyond traditional tokens. Amid market turmoil, Fezoo (FEZ) is emerging as a hub for traders seeking growth. Fezoo’s rise invites scrutiny and excitement. The DeFi market has seen projects come and go with promises of innovation and revolution. Although Ripple (XRP) and Tether (USDT) have achieved success, investors are still eager to expand their portfolios. In a fast-growing liquid market, some projects have attracted the attention of many enthusiasts.…
On a rainy Thursday in New York City, Sam Bankman-Fried’s story comes to an end, at least for now.U.S. District Judge Lewis Kaplan sentenced The co-founder and former CEO of FTX was sentenced to 25 years in prison, three years of supervised release, and forfeiture of more than $11 billion in ill-gotten gains. Sam Bankman-Fried’s lawyer said he plans to appeal.But the hearing at which Kaplan handed down the sentence did not last 15 minutes. Perhaps it began the evening before, when Richard Partington III, 42, a part-time teacher from Long Island, became the first member of the public to…
Bitcoin price is rising and is currently trading above the $70,000 resistance level. BTC may continue to rise towards the $73,000 and $75,000 levels in the near term. Bitcoin price remained in positive territory above the $66,500 level. The price is trading above $70,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) has a bullish trendline attached with support at $67,500. A break above the $71,200 resistance level could continue the upward move for the currency pair. Bitcoin price rises again Bitcoin price remained stable above the $65,000 resistance zone. BTC…
glyph, a Filecoin FIL +2.12% Filecoin, a liquid leasing platform and the largest protocol in the Filecoin ecosystem, has launched a points program ahead of the token launch. Points is the first step toward decentralizing protocol decision-making, Glif said Thursday. Both parties in the Glif system, Filecoin storage providers (SPs) and liquidity providers (LPs), are eligible to earn points, he said, adding that points are rewarded to both past and future SPs and LPs.Glif, a liquid leasing protocol, allows Filecoin (FIL) token holders to deposit FIL into a liquidity pool and receive in return iFIL, Glif’s native liquid leasing token.…
Sam Bankman-Fried was sentenced to 25 years in prison. FTX collapsed in November 2022, with customers losing billions of dollars in assets. Sam Bankman-Fried, founder and former CEO of bankrupt cryptocurrency exchange FTX, has been sentenced to 25 years in prison. FTX filed for bankruptcy in November 2022. Sam Bankman-Fried has been in prison awaiting sentencing since being found guilty of fraud last year. SBF sentenced to 25 years in prison for fraud U.S. District Judge Lewis Kaplan sent Bankman-Fried to prison for less than what prosecutors had sought. But the sentencing delivered a timely reminder to cryptocurrency industry bosses…
join us telegram A channel to stay up to date on breaking news coverage The price of Fetch soared 7% at 2:20 AM ET as trading volume increased by 70%. Reports have emerged that the Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) ecosystems have come together to create a single token called ASI, an artificial superintelligence token. (TREE DAO) SingularityNET, https://t.co/JSH3iD5uiE and Ocean Protocol are said to be discussing merging those tokens into the ASI token, which would have a fully diluted value of about $7.5 billion. — Tree News (@News_Of_Alpha) March 27, 2024 In an announcement Wednesday, the…