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
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
Kyle Davies, the co-founder of bankrupt crypto hedge fund Three Arrows Capital, has been ordered to answer the subpoena issued to him in January or risk being held in contempt of court. The Jan. 5 subpoena was issued to Davies via Twitter following approval from a New York bankruptcy court, instructing him to provide 3AC’s … Read more
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
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
The United States’ crackdown on cryptocurrencies and firms will only serve to stifle crypto-related innovation and “weaken” the country, said industry pundits in the wake of Coinbase’s recent Wells notice. On March 22, crypto exchange Coinbase became the latest crypto firm to receive a “legal threat” — in the form of a Wells notice, just … Read more
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
In cannabis, there are the apparent risks – product liability, property, and certainly cyber for medical marijuana operations. However, one of the most apparent risks to a cannabis operation are those that may not get as much media coverage. Environmental risks – odor being chief among those – seems to have dropped off the radar … Read more
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
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