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Ark Invest continues to buy Coinbase shares
Ark Invest has invested roughly $30 million on Coinbase stock in 2023 while selling Grayscale Bitcoin Trust.
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Silvergate Loses Additional Ratings From Moody's
Cathy Wood's ARK Invest sold over 400,000 Silvergate Capital shares for $4.3 million. Reports say Silvergate Bank lost $718 million liquidating loans to meet $8.1 billion in withdrawals. Moody's Investors Service downgraded Silvergate and the bank due to the bank's predicament.
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Bitcoin Price Not Everything Says Bitfinex CTO, as BTC moves Sideways
The Bitcoin price has stagnated, trending sideways between $32,000 and $34,000—but recognizing BTC’s true value is not all about price says Bitfinex CTO Paolo Ardoino.
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Bitcoin Will Rise to Over $1 Trillion In Next Ten Years, Tesla Investor’s BTC Value Prediction
Bitcoin has had a rollercoaster year amid the COVID-19 pandemic markets rollercoaster but has ultimately persevered adding over 40% to its price exceeding $200 billion in market capitalization.