ARK

Memecoins will end up ‘worthless,’ says ARK Invest CEO

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Memecoins will end up ‘worthless,’ says ARK Invest CEO

ARK Invest CEO Cathie Wood predicts that memecoins will wind up becoming ‘worthless.’ However she believes some coins like TRUMP will ‘withstand’ the test of time. In an interview with Bloomberg television, Wood revealed that she does not use her private funds to invest in these coins. This is because she believes that most of … Read more

ARK Invest bought Coinbase dip as Bitcoin fell to multi-month lows

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ARK Invest bought Coinbase dip as Bitcoin fell to multi-month lows

Asset manager ARK Invest has picked up shares of cryptocurrency exchange Coinbase as tech stocks dipped and Bitcoin fell to multi-month lows. According to the company’s latest update, it picked up 41,032 shares of Coinbase Global Inc. (COIN) valued at $9.3 million. The newest purchase comes a little over two months after the Cathie Woods-led … Read more