Sneak PeekCathie Wood’s Ark Invest sells $13.5 million worth of Coinbase stock.It is the first sell-off of a large holding since July 2022.Ark Invest sold 160,887 shares, ending its buying spree.Cathie Wood’s ARK Fintech Innovation ETF sold Coinbase stocks worth $13.5 million. The sell-off is the first sizeable portion of the stock since July 2022.ARK sold 160,887 shares of cryptocurrency exchange Coinbase (COIN), valued at $13.5 million. ARK had made a number of purchases of Coinbase stock during the “crypto winter.” However, in 2022, COIN’s performance lagged behind both Bitcoin and Ether, w

Fashion commerce platform Space Runners partners with French luxury fashion house Balmain to introduce the “Unicorn” phygital wearable collection. Space Runners aims to reimagine what people wear, where they wear it, and how they buy it. The release is aimed at luxury lovers, and the startup provides fashionistas with a digital space where they can find and purchase unique items from their wishlists. Together with Balmain, Space Runners releases a limited edition collection of physical Unicorn Sneakers that come with digital collectibles. On a side note, the original Unicorn sneaker was releas

Republished from CoindeskThe European Banking Authority (EBA) is hiring crypto-skilled staff as it seeks to prepare for duties under the European Union’s forthcoming Markets in Crypto Assets regulation (MiCA), according to a vacancy notice published on Wednesday.The Paris-based agency will be responsible for supervising large stablecoins – crypto assets tied to fiat currencies such as the euro – and preparing draft rules to fill in details of MiCA that lawmakers left open.The EBA said it was looking for someone with “sound knowledge of cryptoasset products and services,” as well as several yea

The Texas legislature introduced a bill on Tuesday to attract more Bitcoin-related businesses to the state and protect the rights of Bitcoin holders, miners, and developers, according to the text of the proposed legislation. See related story: Bitcoin hashrate slumps to lowest in over five months amid 100-degree-plus weather in Texas Fast facts The bill will provide legal protection for those owning and engaging in Bitcoin-related activities, including the immunity afforded by censorship-resistant Bitcoin spending and the ability to store Bitcoin in an unhosted wallet without state interfere

South Korean singer G-Dragon launched a non-fungible token (NFT) collection on OpenSea on Wednesday morning in Asia in collaboration with Fandom Studio, a platform to monetize TikTok content with NFTs, and BNB Chain. See related article: NFTs inspired by K-drama Crash Landing on You coming from Crypto.com, Studio Dragon Fast facts The collection, “Archive of PEACEMINUSONE,” consists of 13,444 NFT puzzle pieces that make up a painting by G-Dragon named “Archive 2016.” It is minted at 0.27 BNB (US$88) each starting on Wednesday, according to OpenSea. G-Dragon, 34, is a Korean singer and rappe

The Internal Revenue Service (IRS), an agency under the U.S. Department of the Treasury that handles tax collection, intends to tax non-fungilble tokens (NFTs) as collectibles and is soliciting public opinions on the proposal, according to a government news release on Tuesday. See related article: Biden administration proposes 30% crypto mining tax, closing wash-trading loopholes Fast facts Under the IRS definition, an NFT is “a unique digital identifier that is recorded using distributed ledger technology and may be used to certify authenticity and ownership of an associated right or as

If the United States government really is implementing "Operation Choke Point 2.0" it will hurt financial stability and may have contributed to the collapse of Silicon Valley Bank (SVB) according to Donald Trump’s former Acting White House Chief of Staff, Mick Mulvaney.“I don’t want to think that the government would actually do that,” Mulvaney said in a March 22 Bloomberg interview in reference to the rumored operation. He did however recall attending hearings on the original Operation Choke Point — a government initiative that aimed to limit certain industries’ access to U.S. banking service

The value proposition of Bitcoin (BTC) is on full display amid the current banking crisis, which will only “attract more institutions” to the BTC market over time, ARK Invest CEO Cathie Wood believes.Wood shared her thoughts on BTC’s recent price surge in a March 21 Bloomberg interview, stating its price behavior through the crisis “is going to attract more institutions.”“The fact that Bitcoin moved in a very different way from the equity markets, in particular, was quite instructive,” she added.  ARK Investment Management CEO Cathie Wood says the behavior of the Bitcoin's price through the la

According to the global payment provider Visa, 2022 became a record-breaking year for cryptocurrency thefts, with over $3 billion stolen in on-chain thefts. Cryptocurrency bridge services were a favored target for threat actors.  Visa published the biannual threats report on March 20. On 24 pages, the document contains data on all sorts of violations that occurred in the digital payments system globally last year — from plastic card fraud schemes to malware. A separate section is dedicated to cryptocurrency and digital platforms. Quick history of blockchain-based major thefts. Source: Inves

As the verdict in the high-profile lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) nears, many experts are eagerly waiting for the outcome, which could shape the future of cryptocurrency regulation in the United States. We are expecting the case could soon reach a conclusion, with Judge Analisa Torres set to make a key ruling on summary judgment in the coming days. As the industry waits with bated breath, a FOX Business journalist, Eleanor Terrett, has brought a new perspective to the case.Symbolic Billboard Sends Message to SECRipple, one of the largest names in t