ARK Invest resumes Coinbase stock purchases; investments total $17.8 million
ARK Invest-managed funds purchased a total of 268,928 Coinbase shares worth $17.8 million.The stock market is a collection of markets where stocks (shares of ownership in businesses) are bought and sold.
ARK Invest resumes Coinbase stock purchases; investments total $17.8 million
ARK Invest-managed funds purchased a total of 268,928 Coinbase shares worth $17.8 million.
Short-selling calls on Block shares by Jack Dorsey backers push stock down about 22%
Hindenburg Research's recommendation to short Block shares led to a 22.3% drop in their price. Analysts attributed the move to a 'wild mismatch' in operating metrics.
Valkyrie executive: FTX collapse delays US Bitcoin ETF launch
Steven McClurg, the chief investment officer of Valkyrie Investments, said that the collapse of the FTX exchange has further delayed the launch of a spot bitcoin ETF in the United States.
Playboy posts $4.9 million impairment on Ethereum received for NFT Rabbitars
PLBY Group, the parent company of Playboy, booked an impairment loss on Ethereum received as payment for the Rabbitars NFT collection. This is according to the 2022 SEC filings.
21Shares to discontinue six crypto ETPs amid weak demand
The Swiss company 21Shares has decided to close six cryptocurrency exchange-traded products (ETPs) due to weak demand. CoinDesk reports.
Ark Invest spent a further $9 million buying Block shares
Three Ark Invest-managed exchange-traded funds bought Block securities, the company of Jack Dorsey, for more than $9 million in total. This is according to the management company's report.
Bernstein analysts flag decline in cryptocurrencies’ correlation with the US stock market
The correlation of cryptocurrencies with US equities and macroeconomic events is weakening amid bitcoin's current flat price action.
Digital Currency Group reports a $1.1 billion loss for 2022
The Digital Currency Group (DCG) reported a net loss of $1.1 billion and $262 million in cash and cash equivalents in its 2022 report, as reported by CoinDesk.
Moody’s downgrades Silvergate Bank rating
Moody’s downgraded Silvergate Bank’s rating from 'Ba3' to 'B2' following a reduction in the baseline credit assessment of the financial institution. The Block reports.
Coinbase reports $557 million loss in Q4
Net loss of Coinbase in Q4 2022 was $557 million, or $2.46 per share, beating market expectations ($2.52). In after-hours, the shares showed high volatility.We use cookies to improve the quality of our service.
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