Category: Uncategorized

Ark Invest Sells $3.9M in Coinbase Shares

Ark Invest, led by Cathie Wood, has sold 13,780 shares of Coinbase Global Inc. (COIN), netting approximately $3.9 million. The move came in response to Federal Reserve Chair Jerome Powell’s hawkish speech, signaling a cautious outlook on future interest rate cuts. Powell’s remarks rattled financial markets, leading to a 10% drop in COIN’s price, which […]

Is Bitcoin’s Bull Market Over or Just a Correction?

Bitcoin’s price surged to a new all-time high of $108,000 earlier this week but has since fallen to around $94,500. This downturn followed comments from Federal Reserve Chair Jerome Powell, who: These remarks triggered speculation among the crypto community: Is this just a normal bull market correction, or is the Trump-driven rally over? The Bearish […]

Cathie Wood Predicts Bitcoin to Hit $1M by 2030

Cathie Wood, CEO of ARK Invest, has reaffirmed her bold prediction that Bitcoin (BTC) will surpass $1 million by 2030. Speaking with Bloomberg, Wood highlighted Bitcoin’s fixed supply of 21 million units as a key advantage over traditional assets like gold. “When gold prices rise, production increases, but Bitcoin’s supply is fixed,” Wood explained. Spot […]

Craig Wright Found in Contempt Over Bitcoin Claims

Craig Wright, the Australian computer scientist who has long falsely claimed to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin, has been found in contempt of court by a London judge. The ruling comes after Wright breached multiple court orders following his defeat in a critical lawsuit brought by the Cryptocurrency Open Patent Alliance (COPA). […]

Donald Trump’s Onchain Footprint Nears $84M in Crypto Revenue

While Donald Trump himself isn’t likely signing transactions on Polygon or Ethereum, his crypto projects are thriving and positioning him as “The First Onchain President.” Analyzing Trump’s NFT collections and his upcoming DeFi platform World Liberty Financial, Trump’s onchain footprint has amassed nearly $84 million in crypto revenue over the past two years. NFT Revenue: […]

South Korea Delays Crypto Tax to 2027, Eyes Global Trends

South Korea has reaffirmed its stance to embrace cryptocurrencies amid ongoing political turbulence. On December 18, a government representative stated: “The government is not negative on cryptoassets. As regulations and related systems are still in the process of being built, we decided to defer [the crypto tax].” This announcement follows significant political challenges, including the […]

EU Lawmaker Calls for Strategic Bitcoin Reserve

Sarah Knafo, a European Parliament member and French magistrate, has called on the European Union to establish a strategic Bitcoin reserve while opposing the rollout of the digital euro, the European Central Bank’s (ECB) proposed central bank digital currency (CBDC). In a passionate speech delivered before the European Parliament, Knafo emphasized the need to shift […]

Kraken Fined $5.1M in Australia for Unauthorized Margin Lending

Australian financial regulators have fined cryptocurrency exchange Kraken $5.1 million AUD for operating an unauthorized margin lending service that affected over 1,100 Australian customers. The penalty, imposed by the Australian Federal Court, follows findings that Kraken’s operator, Bit Trade, violated financial regulations by offering its “margin extension” product without proper regulatory approval since October 2021. […]