Cathie Wood’s ARK adds $12.1M in Coinbase shares amid turbulent markets

Amid the FTX and crypto market chaos, Cathie Wood-led Ark Investments has increased its Coinbase (COIN) holdings with a purchase of 237,675 COIN shares worth about $12.1 million on Nov. 9.  Of the 237,675 COIN shares, Ark Investment Management added 207,527 shares to its ARK Innovation ETF (ARKK), 22,416 shares to its ARK Next Generation Internet ETF (ARKW), and another 7,732 shares to its ARK Fintech Innovation ETF (ARKF). The tech-focused investment firm’s purchase came after Coinbase stated in response to FTX’s liquidity crisis that it has “minimal exposure” to…

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Coinbase Discloses It Will ‘Evaluate Any ETH Fork Tokens Following The Merge’

The publicly listed firm Coinbase Global has revealed the company plans to evaluate any potential forks that arise from the upcoming Ethereum upgrade known as The Merge. In a recently updated blog post, Coinbase said if a new Ethereum proof-of-work (PoW) token is created it “will be reviewed with the same rigor as any other asset that is listed” on the company’s exchange. Coinbase Updates the Public About the Possibility of an Ethereum Fork Arising Post Merge The Merge is coming soon and data shows it is roughly 16 days…

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Mexico Announces It Will Issue Its Own Digital Coin by 2024 – Bitcoin News

[ad_1] The government of Mexico announced that the country’s central bank will issue its own digital currency. The statement of the official account of the presidency of Mexico informed that the development should be ready towards 2024, and remarked about the importance the technology has for the future of the financial structure of the country. Banxico to Issue Digital Peso A statement issued by the official account of the presidency of Mexico on Twitter reported that the institution was planning to issue its own digital currency. The announcement…

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Meme Coin Market Cap Loses 3.5%, Top 2 Leaders Dogecoin, Shiba Inu Shed Billions – Market Updates Bitcoin News

[ad_1] While crypto-asset markets have shed billions during the last week, the top meme tokens coins by market capitalization have seen deeper losses than most coins. The top two meme digital assets dogecoin and shiba inu have seen double-digit losses during the last seven days. The top meme tokens coins by market capitalization today are worth $60.7 billion losing 3.5% in value over the last 24 hours. Dogecoin and Shiba Inu Lose Double-Digits Last Week During the course of the year, meme-based crypto assets were all the rage and many…

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Bitcoin can’t be viewed as an untraceable ‘crime coin’ anymore

[ad_1] Cryptocurrency is a new technology that has entered the common discourse, setting the stage for a complete upheaval of our long-established financial systems. Of course, some skepticism is unavoidable. Crypto’s association with criminality adds to this shared sense of skepticism. There is no denying that cryptocurrency has and continues to be used for illicit activities across the globe. Having said this, with the use and applicability of crypto becoming increasingly commonplace, the narrative that its creation has facilitated mass criminality needs to be addressed. First impressions count Bitcoin (BTC)…

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248% Weekly Gains — Baby Doge Coin Continues to Rally While Most Crypto Asset Markets Slump – Markets and Prices Bitcoin News

[ad_1] Four days ago, the crypto community and mainstream audiences caught a whiff of a new meme-based crypto asset called baby doge. The coin got a lot more attention when Tesla’s Elon Musk tweeted about baby doge and almost immediately after the tweet, the asset’s value skyrocketed. Musk hasn’t said anything about baby doge since then, but the crypto asset has continued to climb higher in value. Weekly Stats Show Baby Doge Outshines Most Crypto Asset Market Performances Last week, Bitcoin.com News reported on the cryptocurrency called baby doge (BABYDOGE)…

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Dogecoin Market Cap Nears $100B, Critics Blast ‘Joke Coin,’ Community Abuzz With Rumors of DOGE Whales – Bitcoin News

[ad_1] The infamous meme-based cryptocurrency dogecoin is on the move again just before the upcoming Saturday Night Live episode featuring Elon Musk. While dogecoin is up 81% today a lot of cryptocurrency veterans have been warning newbies about the digital currency that was meant to be a joke. Meanwhile, others believe that dogecoin has a lot of potential, and could be a long-standing competitor in the world of crypto assets. Dogecoin Markets See a Pre-SNL Rise The cryptocurrency that literally began as a joke, dogecoin (DOGE) is nearing a $100…

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CoinStaker 2020 Prediction – Is Binance Coin Rise Sustainable in the Long Run?

[ad_1] The entire crypto community is buzzing about Binance and Binance Coin. As one of the biggest cryptocurrency platforms in the world right now, Binance is at its peak. However, not everyone would agree – some say that this is just the beginning of the Malta-based platform. When the official reports published the fact that Binance Coin toppled Bitcoin on a global scale, the entire community of cryptocurrency users was aghast. What’s the secret of the new top-performing cryptocurrency and can we expect to see this trend maintain in the…

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