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on November 17, 2022

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Cathie Wood's ARK dumps $146M in Circle amid share surge

Cathie Wood's ARK dumps $146M in Circle amid share surge Despite the massive sale, ARK remains the eighth largest Circle holder. 271 Total views Listen to article 0:00 News COINTELEGRAPH IN YOUR SOCIAL FEED Cathie Wood’s ARK Invest has increased its Circle selling spree as CRCL stock surged nearly 250% since its public debut. ARK dumped another 609,175 Circle shares from its three funds for $146.2 million on Friday, according to a trade notification seen by Cointelegraph. The sale came amid a 20.4% jump in the company’s shares on Friday, closing at $240.3, or 248% above the opening price of $69 on the New York Stock Exchange on June 5. The most recent dump marked the third sale by ARK in the past trading week, with all three sales totaling 1.25 million CRCL shares, netting roughly $243 million based on the daily closing prices. ARK sells about 300,000 CRCL shares daily ARK’s latest Circle stock sale involved transactions from the three ARK funds, including the ARK ...

AI race between US and China resembles Cold War — Marc Andreessen

AI race between US and China resembles Cold War — Marc Andreessen The venture capitalist warned that virtually all artificial intelligence platforms are being developed in either China or the United States. 282 Total views Listen to article 0:00 News COINTELEGRAPH IN YOUR SOCIAL FEED Marc Andreessen, co-founder of the Andreessen-Horowitz venture capital (VC) firm, said that the current race to establish dominance in the artificial intelligence sector is analogous to the Cold War between the United States and the Soviet Union in the second half of the 20th Century. In an interview with Jack Altman on the Uncapped Podcast, the VC said different jurisdictions and cultures will likely demand AI models trained on material aligned with their notions of acceptable social organization . Andreessen told Altman: "There is a two-horse race. This is shaping up to be the equivalent of what the Cold War was against the Soviet Union in the last century. It is shaping up to be like ...

Digital Currency Group CEO Barry Silbert says he should have just held BTC

Digital Currency Group CEO Barry Silbert says he should have just held BTC The executive added that most of the millions of cryptocurrencies in circulation today lack any real monetary value. 558 Total views Listen to article 0:00 News COINTELEGRAPH IN YOUR SOCIAL FEED Barry Silbert, the CEO of Digital Currency Group, said he would have secured higher investment gains by just holding the Bitcoin that he invested in early-stage crypto projects around 2012. During an April 17 appearance on Raoul Pal's Journey Man podcast, Silbert said he discovered Bitcoin ( BTC ) in 2011, purchasing BTC at $7-$8 per coin. Once the price of BTC surged, Silbert started looking for early-stage crypto companies to invest in. The executive told Raoul Pal: "I was using Bitcoin to make a bunch of those investments, and you would think, if you invested in Coinbase you would have done really well. Had I just held the Bitcoin, I actually would have done better than making those investments....

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