Bitcoin News – Page 7 – TradingBTC.com

ARK buys its biggest batch of COIN in 2023

March 10, 2023 Helen Partz

Amid Coinbase (COIN) stock tumbling about 8% on Thursday, Cathie Wood’s investment manager ARK Invest has bought the biggest amount of the stock since the start of 2023. On March 9, ARK purchased 301,437 Coinbase shares ($17.5 million) for its ARK Innovation exchange-traded fund, known as ARKK, according to an investor notification seen by Cointelegraph. The company has also bought 52,525 COIN shares ($3 million) for its ARK Next Generation Internet ETF, referred to as ARKW. ARK’s latest investments in Coinbase make up the largest single COIN stock acquisition in…

Block.one Exits Silvergate Stake, Says Portfolio Firm Has No Exposure

March 9, 2023 Helene Braun

In November, Block.one and its CEO, Brendan Blumer, bought a 9.27% stake in Silvergate Capital (SI), upping that to 9.9% in December, according to Bloomberg, making them one of the bank’s biggest stockholders. On Wednesday, the Cayman Islands-based company said it had exited its stake in the bank. Author: Helene Braun Source link

FCA officials tell UK parliamentary committee crypto regulation is unavoidable

March 8, 2023 Derek Andersen

Officials of the United Kingdom’s Financial Conduct Authority (FCA) appeared before the House of Commons’ Treasury Committee on March 8 to discuss the agency’s work. Among the issues raised was cryptocurrency regulation, which the officials approached with a clear lack of enthusiasm. FCA chair Ashley Alder, who took that position in February after serving as CEO of Hong Kong’s Securities and Futures Commission, told the committee that the FCA is “midway through a quite ambitious reset” as the Financial Services and Markets bill makes its way through the Parliament. He…

Bitcoin Slips to 3-Week Low as Market Sees Federal Reserve Lifting Rates to 5.65%

March 8, 2023 Omkar Godbole

If that’s not enough, the market now sees a 70% probability of the Fed raising rates by 50 basis points later this month, a reacceleration of tightening after a brief step down 25 bps in February. The yield on the two-year Treasury note, which is sensitive to interest rate expectations, has crossed above 5% for the first time since 2007 and could rise further toward 5.655, considering the terminal rate pricing. Author: Omkar Godbole Source link

‘Scammers dream’ — Yuga’s auction model for Bitcoin NFTs sees criticism

March 5, 2023 Jesse Coghlan

Nonfungible token (NFT) conglomerate Yuga Labs is facing some criticism from the cryptocurrency community, including the creator of Bitcoin Ordinals, over how it plans to auction its new Bitcoin NFT collection. On Mar. 5, Yuga opened bids for its “TwelveFold” collection which will see 300 NFT-like images inscribed on Satoshis using the Bitcoin-native Ordinals protocol, with 288 from the collection sent to the highest 288 bidders. The auction for TwelveFold has begun and will conclude on the block immediately prior to 3pm PT tomorrow, March 6th, 2023. Good luck.https://t.co/gvl8IHpekC pic.twitter.com/xGWU9jdCoO…

FTX’s Sam Bankman-Fried Should Have Only Flip Phone, Website Whitelist, DOJ Says

March 4, 2023 Jack Schickler

Bankman-Fried’s laptop will be restricted to a whitelist of approved websites, including news, sports, Wikipedia and the U.S government, and his use of video games and other connected applications should be restricted, U.S. Attorney Damian Williams said in a filing that said it was made “on behalf of the parties,” suggesting the former FTX executive’s defense counsel had agreed to the conditions. Author: Jack Schickler Source link

Binance ‘not planning any layoffs,’ 500 roles to be filled in H1

March 2, 2023 Luke Huigsloot

Cryptocurrency exchange Binance is “not planning any layoffs” and is instead trying to fill another 500 roles by the end of June, according to a Binance spokesperson. The comments came despite a huge spike in crypto layoffs in January — the majority of which were from crypto exchanges. In a statement, the Binance representative said: “As of today, we are actively hiring for more than 500 roles with the goal of filling them by the end of H1 […] We are not planning any layoffs.” The spokesperson was responding to…

Puerto Rico Extends 4% Tax Incentive to Crypto and Blockchain Activities

March 1, 2023 Camomile Shumba

“A win for Puerto Rico,” said a blockchain trade association executive. Author: Camomile Shumba Source link

Dapper Labs Ruling Dunks on Private Networks

February 28, 2023 Paul Paray

In particular, Marrero is concerned that Dapper Labs restricts the trading of Moments to the Flow blockchain, a network built by Dapper as a faster and cheaper alternative to Ethereum. While this raises questions about profits and transaction fees, the judge also argues that, on a technical level, “by privatizing the blockchain” Moments “purchasers must rely on Dapper Labs’s expertise and managerial efforts as well as its continued success and existence.” Writing in agreement with the plaintiffs, Marrero found this situation altogether different from “public blockchains, such as that underlying…

Bitcoin BTC Price Stays Rooted Near $23.5K

February 27, 2023 Sam Reynolds

The largest cryptocurrency by market capitalization was recently trading at $23,481, roughly flat over the past 24 hours, but down from its highs a week ago over $25,000 – before surprisingly strong jobs and price data had markets increasingly contemplating the prospect of a 50 base point rate increase instead of 25 bps. Author: Sam Reynolds Source link