Day: May 13, 2022

Published by The Street By Dan Weil Wood’s flagship Ark Innovation ETF has plunged 54% so far this year, as its young technology companies have slumped. Investment hotshot Cathie Wood, chief executive of Ark Investment Management, on Thursday continued to gobble up beleaguered stocks. That included a cryptocurrency exchange and a videogame-development platform. She did some selling, too. All valuations below are based on the May 12 close. Ark funds bought 240,791 shares of Coinbase (COIN) , the largest U.S. cryptocurrency exchange, valued at $14.1 million. The stock has plunged 72% year to date amid weakness in the c…

Published by ValueWalk The cryptocurrency market has gained a massive following over the last few years. While some investors are still a bit apprehensive about putting their money in it, there is no denying that Bitcoin has become one of the most widely appreciated and successful cryptocurrencies of all time. However, Bitcoin can’t work with other currencies on the blockchain, such as Ethereum. While this helps bolster the security of these two blockchain assets, it also stifles the development of an interoperable exchange. That’s where Wrapped Currency comes in. Q1 2022 hedge fund letters, conferences and more Bef…