CryptoNews

Ark Invest Diversifies Crypto Holdings, Buys $15.9 Million of Its Own Spot Bitcoin ETF

January 19, 2024
Ark Invest has transitioned $15.9 million from the Proshares Bitcoin Strategy ETF to its in-house Ark 21shares Spot Bitcoin ETF. Cathie Wood’s Ark Invest Redirects Millions to In-house Bitcoin ETF Ark Invest, led by fund manager Cathie Wood, has made several trades based around bitcoin exchange-traded products. The firm has sold its holdings in the Proshares Bitcoin Strategy ETF (BITO), a…
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CryptoNews

Ripple President Monica Long: It's 'Critical' for Crypto to Be Represented at Davos

January 18, 2024
Monica Long, president of financial and cryptocurrency services company Ripple, has given her take on the presence of cryptocurrency industry actors at the World Economic Forum (WEF) event at Davos. Long stated she considers it “critical” for the cryptocurrency industry to be represented at Davos by mature players to show what is being done and separate it from the hype. Ripple’s Monica…
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CryptoNews

Nigerian Crypto Startup Reveals Closure of $2.3 Million Strategic Funding Round

January 18, 2024
The Nigerian crypto startup revealed on Jan. 16 that the firm had closed a $2.3 million strategic fund to finance the acquisition of operating licenses from different African regulators. Canza Finance said it hopes the new licenses and the defi platform will help it achieve its goal of lowering the cost of doing business. Lowering the Cost of Doing Business Nigerian crypto startup, Canza Finance…
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CryptoNews

Circle Report Shows USDC Navigating Challenging Waters in 2023

January 18, 2024
Despite a challenging 2023 with a substantial decline in circulating supply, a Circle report claims USDC emerges resilient, experiencing a surge in real-world applications and a decrease in speculative trading. A Resilient Year for USDC Amidst Market Shifts Circle, the…
CryptoNews

Ripple CEO Blasts Gary Gensler as 'Political Liability' — Says New SEC Chair Will Be Good for the American People

January 17, 2024
The CEO of Ripple, Brad Garlinghouse, has slammed the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, as a “political liability.” Emphasizing that Gensler is not acting in the interests of the people or the long-term growth of the economy, the Ripple executive said: “I think at some point there will be a new chair of the SEC, and I think that will be a good thing…
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