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2023-02-13 16:45:04 ARK Invest's Katie Wood directed $9.3 million to buy Coinbase stock

ARK Invest's flagship fund called Ark Innovation ETF (ARKF) bought 139,105 shares of Coinbase and ARK Next Generation Internet ETF (ARKW) bought 23,220. Altogether the structures could spend about $9.27 million.

The decision was made against the background of the bitcoin exchange capitalization decrease by 23.5% for the last week. Since the beginning of the year, shares have risen by 61.3%.

On Feb. 10, Coinbase shares fell 4.26%.

The decline was seen against the backdrop of a warning to cryptocurrency platforms from SEC head Gary Gensler to "take note" of Kraken's decision to close the steering program for U.S. clients.

Before that, it became known that the exchange will pay a fine of $30 million and close the relevant service. The latter was not registered, according to the agency.

On February 13, Coinbase CEO Brian Armstrong said that the platform's steaking services should not be considered an offer of securities. He said the company is ready to defend that assertion in court.

Armstrong previously spoke out against banning steaking for retail investors, calling it a "horrible way to go."

Recall that in October 2022, ARK Invest bought Coinbase stock for the first time since June. The company's structures spent another $21.4 million for this purpose in November, $3 million and $5 million in December. Open / Comment

2023-02-12 18:51:26 BanklessTimes: Millennials consider bitcoin a safe investment

Millennials are one of the most active groups in the cryptocurrency industry, according to BanklessTimes data. Their attitudes toward bitcoin and altcoins have been much friendlier than those of the older generations.

According to BanklessTimes CEO Jonathan Merry, cryptocurrency is a vital and useful investment tool for millennials because it offers financial freedom and the ability to diversify savings in times of economic instability. Those born between 1981 and 1996 are more open to digital innovation and more willing to engage with BTC than those born earlier. Older generations, for the most part, stick to conservative fiat (government, paper) money and are skeptical of the crypto industry.

Many millennials who participated in the survey are confident that bitcoin will become mainstream in the next few years. They see cryptocurrency as a more promising monetary instrument than the dollar, the euro or any other national currency.

At the same time, as a result of trading on the cryptocurrency market in the first week of February, the BTC exchange rate fell by about 7%. Open / Comment

2023-02-11 18:32:02 Two Tomsk residents will be tried for stealing 86 bitcoins

The attack took place back in October 2021. When the victim was leaving the house, one of the perpetrators was already waiting for him. Threatening him with a gun, he broke into the miner's apartment, and later he was joined by an accomplice. Law enforcement authorities managed to detain one of the suspects in St. Petersburg. The criminal pleaded guilty and returned part of the stolen money - 35 million rubles.

Later, his accomplice was caught. Both attackers were residents of Tomsk. The regional prosecutor's office charged them under Part 4 of Article 162 of the Criminal Code ("Robbery, committed by a group of persons on a large scale"). They face up to 15 years imprisonment and a fine of up to RUR 1 million.

"Acting in a group of persons by prior agreement with an accomplice, the criminal case against whom was allocated in separate proceedings, attacked a man in the entrance hall of an apartment building and took him into the apartment. Threatening with an object similar to a gun, the attackers forced the victim to enter the personal account of a cryptocurrency exchange and transfer 86 bitcoins to them", - is specified in the report of the prosecutor's office.

The criminals also stole a laptop and cash in addition to bitcoins. The total amount of damage was about 360 460 000 rubles. It is interesting that the purse of the Tomsk miner contained 90 bitcoins, but the attackers did not take all of them.

Recall that in 2021 there was another high-profile case - $1 million in USDT was taken from a Moscow cryptotrader. Open / Comment

2023-02-10 16:00:25 Analysts predicted the future of the bitcoin exchange rate

The market value of the flagship cryptocurrency bitcoin (BTC) has fallen 3.75% in the past 24 hours, as of 1:40 p.m. Moscow time on Feb. 10, 2023. The virtual asset was trading at $21,845 and many industry experts wondered what would happen next. They noted: the price drop was a reaction to news from U.S. regulators about a possible ban on steaking.

Analysts tried to understand what to expect on the BTC/USD chart for the foreseeable future. "Is the bear market back or are we just having a slight correction?" was the question asked by famous strategist and Eight founder Mikael van de Poppe. Popular Crypto trader Tony, meanwhile, said he sees the $21,400 mark as a potential bounce zone if losses continue to materialize.

The expert noted that it is possible to open a short position and his next target was exactly at that level. He also stressed that if we see a retest at $22,300 - it could be a chance to enter the market again.

Coinglass researchers assured that yesterday, February 9, 2023, the volume of liquidations of long positions only for bitcoins amounted to $64.6 million. As for the whole market, including altcoins, the total volume of longs closed during the day was $254 million.

One of experts of analytical platform CryptoQuant, noted: in one hour candle liquidations for $24.3 million were made. such result the market did not fix since November 2022. The last time this happened after the collapse of the FTX trading platform.

Another Venturefounder trader, argued: if the rate in the pair BTC/USD holds above the 200-day moving average (DMA) or about $20,000 (or even $19,000) as a support level, it could have serious consequences for the market. He noted that it would be a clear confirmation that a local price bottom has been established at $16,000. Open / Comment

2023-02-08 15:47:00 JPEGz index token tracking NFT prices appeared on the market

Decentralized Autonomous Organization (DAO) Cryptex Finance announced the launch of a JPEGz index token based on the market capitalization of some of NFT's most popular collections.

According to Cryptex, the index includes 10 well-known NFT collections, including Bored Ape Yacht Club and CryptoPunks from Yuga Labs, as well as CloneX, Cool Cats, Doodles, Vee Friends and World of Women.

The company added that the token will be directly available in the decentralized Cryptex Finance app, and can be exchanged at venues such as Uniswap and Slingshot via a Level 2 solution for Ethereum Arbitrum.

Minimum prices for each collection are displayed in the index via Chainlink's NFT Floor Pricing Feeds service with the Coinbase Cloud aggregation algorithm.

Users will be able to track the prices of 10 popular NFT collections for the first time using ETH or DAI, without having to store the corresponding NFTs themselves," said Cryptex Finance co-founder Joe Sticko.

In 2021, Cryptex Finance launched TCAP, an index token based on more than 2,000 cryptocurrencies. Open / Comment

2023-02-07 16:35:42 Bitvavo Exchange intends to collect 80% of the debt from Genesis

The Bitvavo team specified that the reimbursement would come from Genesis' parent company, Digital Currency Group (DCG), in the form of cash, digital assets and convertible preferred bonds.

"We have negotiated with several divisions of the group and believe that DCG is fully responsible for the unpaid amount to Genesis Global," Bitvavo officials believe.

The parties' agreement will be released shortly, and the details and repayment schedule will be released within a few weeks, the exchange promises. Bitvavo representatives clarify that the reimbursement from DCG will not come immediately. Nevertheless, the cryptocurrency exchange has enough of its own funds to repay the losses of customers. Moreover, Bitvavo customers were not exposed to any risk during the withdrawal blocking by Genesis and could withdraw all their assets at any time.

Genesis Global created a special committee to represent unsecured creditors in court. The committee includes seven of the top twenty unsecured creditors, including from the Bitvavo crypto exchange team. Open / Comment

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