Cathie Wood Buys Nearly $24 Million Worth of Coinbase and Tesla Shares
The Founder and CEO of Ark Invest – Cathie Wood – purchased 297,000 shares of Coinbase for approximately $11.9 million. She also bought 75,000 shares of Tesla Inc. Despite the…
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Germany Urges Global Regulators to Enforce Serious Crypto Rules (Report)
Mark Branson – President of Germany’s financial market regulator BaFin – reportedly urged global authorities to cooperate and impose appropriate laws on the cryptocurrency industry. Such rules could grant additional…
Canadian Securities Regulators Ban Crypto Margin Trading
With FTX’s collapse spurring global regulators into action against the crypto industry, the Canadian Securities Administrators (CSA) are no exception. On Monday, the association announced an expanded ruleset pertaining to…
Bitcoin Falls Below $18k After Federal Reserves Announces 50bps Rate Hike
Bitcoin saw more volatility on Wednesday following a Federal Open Markets Committee meeting, during which the U.S. central bank agreed to raise its benchmark interest rate by 0.5%. The announcement,…
Alameda Had a Secret Speed Advantage When Executing Trades at FTX
The Commodities and Futures Trading Commission (CFTC) had alleged that Alameda Research was offered a secret “time advantage” when executing trades at the defunct crypto exchange FTX. The revelation adds…
Citi Downgrades Robinhood Stock to Neutral, Cites FTX Fallout Concerns
Citi downgraded Robinhood Markets (HOOD) stock to ‘Neutral’ from ‘Buy’ due to potential risks from upcoming market structure proposals by the United States SEC, a cautious equity market outlook, and…
Binance Processes Close to $8 Billion in Daily Withdrawals, CZ Says It Wasn’t a Even Top 5
Changpeng Zhao – CEO of Binance – said the wave of customer withdrawal requests has cooled off, assuring that the entity has coped with higher demands in the past. Data…
FSB to Treat Crypto Companies The Same as Banks
The world’s largest financial watchdog, the FSB, plans to roll out regulatory guidelines for crypto in 2023. According to the Financial Times, the FSB intends to set out a timeline…
Investing Retirement Funds in Bitcoin Remains a Good Idea: Senator Lummis
The Republican Senator Cynthia Lummis remains unfazed by the ongoing bear market, saying Americans should feel safe investing their retirement savings in bitcoin. The politician is among the biggest advocates…
SBF To Spend Christmas In Prison After Being Denied Parole By The Bahamas
On December 13, 2022, Bahamian authorities denied parole to Sam Bankman-Fried, also known as SBF, after he was charged by U.S. lawmakers with eight counts of financial fraud. As reported…
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