Cathie Wood’s ARK sells Coinbase shares amid rally on Bitcoin ETF hopes

Text size Coinbase stock soared to its highest level in nearly a year due to excitement over its possible role in a Bitcoin ETF. David Myslivec/ Cathie Wood’s flagship fund sold shares of Coinbase Global as the cryptocurrency exchange’s share price races over its role in the proposed launch of a Bitcoin exchange-traded fund. THE … Read more

Cathie Wood’s ARK Sells $12 Million in Coinbase Stock as COIN Nears Yearly High

Cathie Wood’s ARK Invest has sold $12 million worth of Coinbase (COIN) stock as shares hit a nearly year-long high after the exchange announced a supervisory sharing deal with five traded-fund candidates exchange (ETF) bitcoin (BTC). . As previously reported, Coinbase stock closed up 16% after Thursday’s announcement. Previously, the Securities and Exchange Commission (SEC) … Read more

China’s Huawei is set to overcome the US ban with the return of 5G phones

By David Kirton SHENZHEN, China (Reuters) – China’s Huawei Technologies is eyeing a comeback in the 5G smartphone industry by the end of this year, research firms have found, signaling a comeback after a U.S. ban on equipment sales took hold. decimated its consumer electronics business. Huawei should be able to source 5G chips domestically … Read more

Broadcom’s $61 billion VMware deal to get EU approval

(Bloomberg) — Broadcom Inc.’s $61 billion acquisition of cloud-computing company VMware Inc. is about to be cleared by European Union merger officials, opening the way to the world’s largest takeover for a semiconductor manufacturer. Bloomberg’s Most Read The European Commission will give the green light on Wednesday after months of negotiations with the companies, according … Read more