El Salvador's Chaparrastique (San Miguel) volcano with Bitcoin "laser eyes" added. Image via Twitter user @Alexa_Alexa____.
Bitcoin's New Plunge Protection Team
Tech tycoon and one of the world's richest people, Elon Musk, was pressured by the shareholders of Tesla Inc. (NASDAQ: TSLA) to drop support for Bitcoin (CRYPTO: BTC), according to prominent investor and Shark Tank co-host Kevin O'Leary.
Silvergate Capital Corp (NYSE: SI), a crypto-focused bank, has suddenly ended its partnership with a leading crypto exchange Binance, according to a report from
Cathie Wood-led Ark Investment Management on Thursday snapped up more shares in Coinbase Global Inc (NASDAQ: COIN) on the dip on Thursday.
Ark Invest bought 60,813 shares, estimated to be worth about $13.5 million in Coinbase on the day shares of the company closed 1.1% lower at $221.85.
Major cryptocurrencies traded in the red on Thursday night, but some like Amp (AMP) and Chiliz (CHZ) soared.
What Happened: The global cryptocurrency market capitalization stood at $1.57 trillion at press time, a decline of 3.25% over a day.
Victory Capital Management — a United States investment giant with $157.1 billion in assets under management as of the end of April — announced multiple new cryptocurrency index funds for accredited investors.
A recent job posting by Amazon.com (NASDAQ: AMZN) suggests that the company may be considering making a move into the decentralized finance (DeFi) industry.