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Cryptocurrencies

Cathie Wood’s ARK Invest Cashes in on Coinbase Stock Surge

Crypto exchange Coinbase saw its COIN stock jump more than 30% in the last five days following a positive outcome of the Ripple Labs court case against the Securities and Exchange Commission (SEC). Investor Cathie Wood and its ARK Invest Management saw this as...

Banking Majors Prop Up Cryptocurrency Amid Rising Lawsuits

Cryptocurrencies have recently been gaining a rise in support from major traditional banking and investment institutions, thereby adding momentum to digital currencies despite a recent rise in pressure from US regulators. BlackRock, the world's largest investment manager, recently announced its decision to launch an exchange-traded...

Weekend Crypto Selloff Sparks Investor Anxiety

A sharp selloff of cryptocurrencies got underway this past weekend after a week of crackdowns by the US Securities and Exchange Commission on the sector triggered investor anxiety. Several smaller digital currencies were hit exceptionally hard by selloffs, with Cardano’s ADA plummeting by 25% on...

Mastercard Looking to Expand Its Involvement in Crypto Industry

While most finance and payment services are taking cautions about crypto, Mastercard is looking to get involved further in the industry. The company announced earlier this week that it wants to establish partnerships with more crypto firms as a way to expand its crypto...

Standard Chartered Predicts Bitcoin Will Be Worth $100,000 By the End of 2024

Bitcoin has seen quite a few ups and down over the past couple of years. But analysts at Standard Chartered believe the world’s largest cryptocurrency will only go up from here. According to Geoff Kendrick, head of digital assets research at Standard Chartered, Bitcoin will...

EU Parliament Vote in Favor of Uniform Legal Framework for Crypto

EU Parliament has backed the Markets in Crypto Act (MiCA), which aims to regulate crypto assets and the cryptocurrency market. MiCA represents the world’s first uniform legal framework focused on regulating the crypto industry. By placing rules in place, European Union intends to limit the...