Crypto news
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Cryptocurrency
Ark Invest Sells $3.9 Million in Coinbase Stock Following Fed’s Hawkish Comments
In a noteworthy financial maneuver, Ark Invest recently executed a substantial sale of Coinbase shares. This transaction involved the sale of 13,780 shares from its Fintech Innovation ETF (ARKF), amounting to $3.9 million. This decision came on the heels of a 10% drop in Coinbase’s price, influenced by the Federal Reserve’s hawkish policy stance. Understanding Ark Invest’s Strategic Approach Ark Invest’s latest action represents one of its most significant sales…
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Cryptocurrency
Ark Invest Sells $3.9 Million in Coinbase Stock Following Fed’s Hawkish Commentary
In a significant financial maneuver, Ark Invest recently divested 13,780 shares of Coinbase, amounting to approximately $3.9 million, from its Fintech Innovation ETF (ARKF). This transaction occurred on Wednesday following a notable 10% decline in Coinbase’s stock value, a reaction to the Federal Reserve’s firm monetary stance. Significance of the Recent Sale: One of Ark Invest’s Largest This recent sale marks one of Ark Invest’s most substantial divestments of Coinbase…
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Cryptocurrency
Is the UAE Quietly Building Up Bitcoin Reserves?
The digital world is abuzz with rumors that the United Arab Emirates (UAE) is secretly hoarding a significant amount of Bitcoin. Despite the lack of concrete evidence, social media platforms, especially X (formerly known as Twitter), are rife with discussions on this topic. Speculation suggests that the UAE holds between 300,000 to 400,000 Bitcoins. Given Bitcoin’s recent valuation of $100,000, this would translate to a staggering $3 billion to $4…
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Cryptocurrency
Is the UAE Quietly Building Up Bitcoin Reserves?
In recent weeks, the digital landscape has been abuzz with rumors that the United Arab Emirates (UAE) is secretly holding a substantial amount of Bitcoin. These whispers have ignited a frenzy across social media platforms, particularly on X (formerly known as Twitter), where discussions are lively and ongoing. The speculations suggest that the UAE holds between 300,000 to 400,000 Bitcoins. With Bitcoin prices reaching $100,000, this would translate to a…
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Cryptocurrency
The True Account of the 120,000 Bitcoin Heist
The 2016 Bitfinex Hack: A Confession In a significant development, Ilya Lichtenstein has made his first public statement since his arrest in 2022, admitting his role as the hacker behind the infamous 2016 Bitfinex breach. This admission was made through a video shared on X, where Lichtenstein categorically denied any involvement of his father or any spy agency in the hack. His statement comes as part of his ongoing effort…
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Cryptocurrency
The True Account of the 120,000 Bitcoin Heist
In a significant update to the infamous 2016 Bitfinex hack, Ilya Lichtenstein has made his first public statement since his arrest in 2022. Lichtenstein, who has pleaded guilty and is currently serving a five-year prison sentence, openly admitted to being the hacker behind the massive cryptocurrency theft. In a recent video shared on the platform X, he emphasized that he acted alone and dismissed any involvement of his father or…
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Cryptocurrency
Two Major US Bitcoin Miners Purchase $2 Billion in BTC: Report
Major Bitcoin Mining Firms Make Strategic Investments In a recent and notable development within the cryptocurrency market, two major Bitcoin mining companies in the United States—Marathon Digital Holdings (MARA) and Hut 8 (HUT)—have made substantial investments in Bitcoin (BTC) amid a market downturn. On December 19, 2024, both companies announced their significant acquisitions via posts on X, previously known as Twitter. MARA Holdings revealed a purchase of 15,574 BTC valued…
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Cryptocurrency
Two Major US Bitcoin Mining Firms Secure $2 Billion in BTC: Report
In a strategic move amidst a recent downturn in the cryptocurrency market, two major publicly listed Bitcoin mining firms in the United States, Marathon Digital Holdings (MARA) and Hut 8 (HUT), have made substantial investments in Bitcoin (BTC). On December 19, 2024, both companies took to X (formerly Twitter) to announce their significant purchases of Bitcoin, with MARA acquiring 15,574 BTC valued at approximately $1.53 billion, and Hut 8 acquiring…
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Cryptocurrency
ADA Bears Aim for $0.64 Following a 14% Price Decline
In recent trading sessions, Cardano’s ADA has experienced a notable decline, currently down by over five percent, with its price dipping below the critical $1 threshold. Over the past week, the cryptocurrency has seen a decrease exceeding 14 percent. Although the ADA chart indicates a minor correction, significant changes have yet to materialize, leaving investors pondering the market’s future direction. Understanding the Current Market Waves The prevailing question for investors…
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Cryptocurrency
ADA Bears Aim for $0.64 Following 14% Price Decline
Cardano’s ADA has been experiencing a significant downturn, dropping by over five percent and trading below the pivotal $1 threshold. In the past week, the cryptocurrency has decreased by more than 14 percent, indicating a minor correction on the charts without any substantial shifts in the overall market dynamics. Are We in the Fourth Wave of a Larger Correction? The pressing question for investors and analysts is whether the market…
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