Cathie Wood’s ARK loading up on Coinbase shares again, buying $18M

Cathie Wood’s investment management firm has gone back to buying Coinbase shares again, just a day after COIN’s stock price dipped amid news of its Wells notice.  On March 23, ARK Invest purchased 268,928 Coinbase shares via its ARKK Innovation and ARKW Next Generation Internet exchange-traded funds. The shares wereworth $17.88 million at the time of … Read more

EU Regulators to Rethink Liquidity Risk After Credit Suisse Unravels

The rapidly unfolding crises of confidence at Credit Suisse Group AG and Silicon Valley Bank are prompting some regulators gathered at the European Central Bank to rethink their treatment of liquidity risk. The watchdogs are in the early stages of considering how to improve banks’ liquidity management, according to people familiar with the matter. While … Read more

Yellen Says US Prepared for Additional Deposit Actions If Needed

New You can now listen to Insurance Journal articles! Treasury Secretary Janet Yellen told US lawmakers that regulators would be prepared for further steps to protect the banking system if warranted, a day after her remarks on nationwide deposit insurance rattled markets. Her reassurance came at the top of a hearing Thursday, before a subcommittee … Read more

ChatGPT can now access the internet with new OpenAI plugins

Artificial intelligence chatbot ChatGPT can now retrieve information from online sources and interact with third-party websites via a new plugin feature introduced by its creator, OpenAI. The plugin feature is still in its “limited” alpha phase and will only be available to a small set of users initially before rolling out to “larger-scale access. Users … Read more

Why is Ethereum (ETH) price up today?

Ethereum (ETH) is witnessing a price breakout on the back of increased gas fees and the upcoming Shanghai upgrade, hitting a year-to-date high of $1,855 on March 23. The Ethereum decentralized finance (DeFi) ecosystem received more daily fees, growing 9% in 24-hours on March 23 in tandem with Ether’s price growth. With the increase in … Read more

Twitter will kill ‘legacy’ blue checks on April 1

Twitter has picked April Fool’s Day, otherwise known as April 1, to start removing legacy blue checkmarks from the platform. Despite the significance of the day Twitter chose, the removal of legacy checkmarks has been anticipated for months now. Musk tweeted in December that the company would remove those checks “in a few months” because … Read more

Coinbase CEO calls for action in electing pro-crypto lawmakers following SEC Wells notice

Brian Armstrong, the CEO of United States-based cryptocurrency exchange Coinbase, has renewed calls for crypto users to “elect pro-crypto candidates.” In a March 23 Twitter Spaces discussion, Armstrong said Coinbase would be making efforts to organize the roughly 50 million U.S. citizens who use crypto into a political force. His statement followed the U.S. Securities … Read more