Author: Van R. Scott
On the 29th of December, Ark Invest, the investment house led by Cathie Wood, a Wall Street veteran, purchased another 158,116 COIN shares of Coinbase, the largest cryptocurrency exchange in America. The worth of these newly purchased shares by Ark Invest is around $5.5 million based on COIN’s price of around $34.78 at the closing bell. According to a Decrypt report, citing Ark’s daily trade information newsletter, the entire purchase of 158,116 COIN shares was allocated to ARKF, the ARK Fintech Innovation ETF, the company which invests in equity securities for firms in the fintech area. This latest move of…
Pega Pool, a new Bitcoin mining pool, which is set to launch in 2023, will provide an eco-friendly alternative to the industry’s notoriously high carbon footprint. Pega Pool aims to use carbon offsets to reduce its environmental impact. Moreover, the new upcoming mining pool will also reward miners who use renewable energy. Pega Pool, a British-owned Bitcoin mining pool, will launch in the first quarter of 2023. It will open its offering to Bitcoin mining clients regardless of their renewable energy usage. According to Pega Pool, it will reward clients that mine utilizing renewables with a 50% decrease in their…
On the 29th of December, several blockchain analysts revealed that wallets linked to Alameda Research, a sister entity of the FTX exchange, continued to shuffle around crypto funds. According to blockchain analysts, these wallets used coin mixers to obscure transactions. O the 28th of December, these wallets were spotted swapping obscure tokens for Bitcoin and Ethereum along with stablecoin Tether. According to Arkham, a crypto intelligence firm, more than $1.7 million worth of crypto was traded in the past 24 hours. Some of the funds are being put through coin mixers, the apps which anonymize crypto transactions and hide their…
On the 30th of December, Solana’s native token, SOL, also known as Ethereum killer, continued to follow declines, as it plummeted by more than 16% over the past 24 hours. With this price decline, SOL, the token powering the eponymous blockchain network Solana, fell out of the top 20 cryptocurrencies ranked by market cap. According to data from CoinGecko, the price of Solana hit $8.17 per coin, the lowest price seen since February 2021. On the 28th of December, the worst decrease in the price of Solana began as it hit below the $10 mark for the first time since…