Cathie Wood’s Ark Invest Buys the Bitcoin Dip, Adds $20 Million in GBTC
Bitcoin’s recent 40% decline from highs has sparked the interest of institutional investors looking to buy in. For Ark Invest, though, it was a case of buying the Bitcoin dip. Recent SEC filings revealed that Ark Invest purchased $19,872,939 worth of Bitcoin during the past week’s market turmoil.
Uniswap v3 looks set for layer-two scaling on both Arbitrum and Optimism
Uniswap is now planning layer-two deployments on both Arbitrum and Optimism. The Uniswap community has voted in favor of launching the leading decentralized exchange’s v3 iteration on layer-two scaling solution, Arbitrum.
ETH breakdown to $2,000 looms in the wake of rejection at $2,900
Ethereum is back in red after a consistent rise toward $3,000. The breakout from last week’s key support at $1,750 failed to overcome seller congestion at $2,900. Note that the ongoing retreat is not unique to Ether but appears to be pulling the whole market down.
Paypal will Enable Crypto Withdrawals to External Wallets
Paypal drew attention as headlines in Q3 2020 when it announced its support for the trading of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). The move marked a new milestone for the crypto industry as million of Paypal customers and listed merchants now directly access the crypto.
Elon Musk Clarifies He Does Not Control Dogecoin (DOGE)
Tesla CEO Elon Musk has made it clear on social media he does not control the meme-inspired cryptocurrency Dogecoin (DOGE) and that his “ability to take action is limited.” Dogecoin, he said, has no formal organization. Musk has engaged with Dogecoin’s developers to try and keep the cryptocurrency’s development progressing and even asked his over 56 million followers on the microblogging platform to submit ideas to help develop DOGE.