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Ark Invest has sold $13.5m worth of Coinbase shares

Photo by Joshua Tsu / Unsplash

Ark Invest sold a portion of its shares in cryptocurrency exchange Coinbase. It happened for the first time since July last year.

The company sold 160,887 shares for $13.5 million. Neither Ark Invest's press office nor the firm's CEO Cathy Wood had any comment on the decision.

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Hyundai has released a "copy" of the Tesla - Reuters

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Hyundai Motor Co. on Thursday unveiled its first electric sedan, the Ioniq 6. The South Korean automaker expects the electric car to help it capture a larger share of the EV market, including poaching Tesla customers.

Bank of America has no plans to offer crypto services

Bank of America has no plans to offer crypto services

BofA CEO Moynihan said that the company will not offer services related to cryptocurrency in the near future. However, he acknowledged the importance of digital payments in today's economy. According to Moynihan, the main obstacle to the crypto industry is regulatory problems. The SEC is suspicious of companies offering cryptocurrency

What will be next?

What will be next?

Bitcoin for the second day in a row does not observe the correlation with the Nasdaq index, and even act as a leading indicator for the subsequent stock price movement. Or they just decided to shave $232 million off the bears 😇 Overall, the crypto market remains in a state of