Cathie Wood’s ARK Invest dumps $36M of Robinhood stock
ARK’s $36 million Robinhood sale came with the stock price surging more than 100% year-to-date and posting multiyear highs.
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Chainlink (LINK) Nears $5 All-Time High Unfazed by Bitcoin Price Slump
Chainlink’s (LINK) 27.48% gain over the past four days shows that the altcoin continues to function as an outlier when compared against the recent performance of other cryptocurrencies. This strong recovery from the swing low at $3.30 to $4.79 has LINK now approaching its previous all-time high at $4.86. Crypto market 1-week price chart. Source: Coin360Unlike…

Tether Jumps to $10 Billion Market Capitalization
Tether has reached $10 billion in market capitalization as growth in 2020 picked up. Tether (USDT) has reached a market capitalization of more than $10 billion as of July 22.The milestone was announced by Tether and also seen through the market price aggregator CoinGecko.Tether’s issuance has seen a significant growth in 2020, doubling from $5…

Bitfinex: The Rumors of ‘Insolvency,’ Banking Partners’ Escape, and the Suspension of Fiat Deposits
On October 8, Hong-Kong-based exchange Bitfinex has announced that it is not under the immediate threat of insolvency and the related rumors are unsubstantiated, as well as false. According to the company’s press release, all cryptocurrency and fiat withdrawals are and have been processing as usual without the slightest interference.After some mild clarifications, tension is…

Coinbase Pro Adds Support for Three New Tokens: EOS, Augur and Maker
Coinbase Pro, the professional offering of major American crypto exchange and wallet service Coinbase, has added support for EOS (EOS), Augur (REP) and Maker (MKR). The development was announced in a blog post on April 8.The post states that the platform now accepts inbound transfers of EOS, REP and MKR, and will be accepting deposits…

Rep. McHenry gives progress report on stablecoin legislation, says it’s an ‘ugly baby’
The ranking member of the House Financial Services Committee praised the bipartisanship behind the coming bill, but says there are “complex conversations” ahead. 246 Total views 12 Total shares Patrick McHenry, ranking member of the United States House of Representatives Financial Services Committee, thinks the “conversation has become unmoored” about financial technology and needs to…

Crypto exchange Bitrue suffers $23M hack due to hot wallet exploit
Bitrue executives promised to fully compensate all the identified users affected by the hot wallet hack that accounted for 5% of all funds on the exchange. 255 Total views 2 Total shares Own this piece of history Collect this article as an NFTBitrue cryptocurrency exchange has suffered a hot wallet exploit, allowing attackers to withdraw…

US and South Korea requested extradition of Terra co-founder Do Kwon — Montenegro justice minister
Do Kwon may have to serve time in Montenegro if convicted of charges related to forged identification documents before any extradition to the U.S. or South Korea is granted. 216 Total views 2 Total shares Own this piece of history Collect this article as an NFTAuthorities from both the United States and South Korea have…

Ripple seeks docs from 15 offshore exchanges it says could be ‘fatal’ to the SEC’s charges
Ripple believes records held by offshore exchanges will prove its executives did not violate Section 5 of the Securities Act by offloading XRP on the U.S. public. Ripple CEO Brad Garlinghouse and co-founder Chris Larsen, have filed a motion requesting the U.S. Securities and Exchange Commission investigate Bitfinex’s parent company, iFinex, and 14 other international…