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ARK Invest CEO Cathie Wood Ups Her Stake in Coinbase Following SEC Lawsuit


Ark Invest CEO Cathie Wood upped her stake in Coinbase after a US regulator accused the exchange of operating unlawfully.  Three Ark Investment Management LLC funds, including Wood’s Ark Innovation ETF, bought 419,324 shares of Coinbase on Tuesday, according to Bloomberg News, citing its data. ...

Bank of America Predicts Milds Recession After Fed’s Tightening Action


Bank of America is predicting a mild recession will happen during the last two quarters of 2023. Brian Moynihan, CEO of Bank of America stated that this recession will be the consequence of the U.S. Federal Reserve tightening actions in order to fight inflation, and how this will increase...

US SEC Identifies 12 Crypto Tokens as Securities in Binance Lawsuit


The U.S. Securities and Exchange Commission (SEC) has identified 12 crypto tokens as securities in a new lawsuit filed against Binance and its CEO, Changpeng Zhao (CZ). The securities regulator asserted that Binance platforms “have made available for trading on them crypto assets that...

Binance Faces Legal Action by SEC for Violating US Securities Laws


The U.S. Securities and Exchange Commission (SEC) took legal action against Binance, the largest cryptocurrency exchange globally, for violating U.S. securities laws. Gary Gensler, the chairman of the SEC, revealed that Binance is facing thirteen charges related to these violations. Binance...

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