Author name: Peter

Ark Invest Sells Over $29 Million in Coinbase Shares Amid Portfolio Rebalancing

Ark Invest Continues to Reduce Coinbase Holdings In a strategic move, Ark Invest has sold over $29 million worth of COIN shares from its ETFs, reducing its stake in Coinbase. This decision aligns with Ark's target weighting policy and follows Coinbase's strong performance in the last quarter of 2023. Sales Details On Jan. 3, Ark […]

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Michael Saylor’s Strategy: Offering to Buy Out Shareholders Before Acquiring Bitcoin

Michael Saylor encountered challenges before successfully integrating Bitcoin into MicroStrategy's balance sheet in 2020. At the 2024 Abundance360 Summit, Saylor shared insights on how he proposed to buy out MicroStrategy shareholders in a Dutch auction when they initially sought to acquire $250 million worth of Bitcoin. Saylor's Bold Move During the summit, Saylor disclosed that

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Solana Experiences a 6% Value Dip in 2024, Slipping from Previous Year’s Highs

During the first week of 2024, the digital currency Solana witnessed a significant decline, with its value dropping by over 6%. This downturn has caused Solana to fall to the fifth position in terms of market rank, as its value hovers below the $100 mark on Saturday, January 6, 2024. 2024 Brings a Cool-Off Period

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Taiwan Police Arrest Crypto Exchange Bosses Accused of Fraud

Arrests Made in Deceptive Crypto Scheme The authorities in Taiwan have recently made significant progress in combating fraudulent activities within the cryptocurrency industry. Two high-ranking executives from ACE Exchange, one of the largest cryptocurrency exchanges in the region, have been arrested for their involvement in a scam that deceived approximately 100 investors. Deception and False

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The SEC Warns Investors About Fear of Missing Out (FOMO)

The U.S. Securities and Exchange Commission (SEC) has issued a warning to investors regarding the fear of missing out (FOMO). The SEC emphasizes that just because others are buying a particular investment, it doesn't necessarily mean it's the right opportunity for everyone. In light of the increased interest in online investing, digital assets, and meme

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US Economy Achieves ‘Soft Landing’ as Janet Yellen, US Treasury Secretary, Remains Optimistic

Janet Yellen Affirms 'Soft Landing' Scenario for US Economy Janet Yellen, the US Treasury Secretary and former Chairman of the US Federal Reserve, is confident that the recent positive developments in the American economy indicate a successful 'soft landing.' Yellen specifically highlights the low inflation figures and the robust labor market as indicators of this

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El Salvador’s Bold Move: A New Era of Transparency for Bitcoin Reserves

On March 14, 2024, El Salvador's president-elect, Nayib Bukele, unveiled a historic bold maneuver that echoed across the Bitcoin world: El Salvador confirmed the transfer of a substantial portion of its Bitcoin holdings into cold storage, securely kept within a vault in its national borders. This strategic decision marks a pivotal juncture in El Salvador's

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Ethereum Technical Analysis: Ether Demonstrates Volatility Amid Growing ETF Anticipation

Introduction Ethereum's trading value currently stands at $2,265, experiencing fluctuations within a daily range of $2,170 to $2,310. This is occurring in the context of a $272 billion market capitalization and a robust 24-hour trading volume of $19.24 billion. Similar to other cryptocurrencies, Ethereum mirrors the volatility of Bitcoin as anticipation grows over the potential

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