WOO Network(WOO)

ARK Invest CEO and BTC supporter Cathie Wood believes that major institutions will turn to Bitcoin amidst the U.S. banking crisis. Banking Troubles Can Help BTC In an interview, ARK Invest CEO Cathie Wood believes that the current banking troubles nationwide will push institutions toward a more diverse portfolio, especially crypto investments. Wood has long since been a champion of BTC and has been buying up the dip throughout the 2022 bear market to strengthen the BTC coffers of her company, ARK Invest. In the interview, she stated that the banking crisis could lead to a loss of liquidity, which would hurt traditional assets. Furthermore, she pointed out that BTC moving away from the equity markets was “quite instructive.” Wood Talks BTC Future The company’s ARK Big Ideas 2023 report had estimated a base case prediction for the premier crypto, claiming it would cross the $680,000 mark by 2030. Wood reiterated her faith in the premier crypto, claiming she remains confident in BTC’s ability to hit the mark in the estimated time frame. She even stated that these predictions are quite conservative and have been dialed down since last year. She said, “I know that corporate treasuries pulled away from Bitcoin because the regulators were pulling them away from Bitcoin on their balance sheets. So we’ve pulled back there. But we do believe that the behavior of the price through this crisis is going to attract more institutions, for example.” The Next “Roaring Twenties” She equated Bitcoin with certain asset classes of previous decades that were key in helping certain institutions diversify their portfolios, giving examples of real estate assets in the 70s, emerging markets in the 80s, and small-cap stocks in the 90s. Wood believes that institutional investors need to allocate between 2.5% to 6.5% of their portfolios to Bitcoin and crypto. She predicts that once the Federal Reserve pivots toward crypto, there will be a resurgence of a thriving economy similar to the “Roaring Twenties,” helped partly by innovative technologies like blockchain and cryptocurrency. ARK Invest has recently added $20 million in Block shares and $30 million in Coinbase shares to its funds. Unfortunately, ARK suffered a double blow as an activist short seller targeted Block Inc, and SEC issued a Wells notice to Coinbase. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

ARK Invest purchased 269,928 shares in Coinbase on March 23, only two days after it sold $13.5 million, its first sale of Coinbase shares this year.

Bitcoin has regained its luster in recent days as crypto markets outshine following the ongoing global banking crisis.

Signature Bank is the best place for crypto banking, even if it goes bankrupt, Woorton co-founder Zahreddine Touag believes.

The sold amount accounts for 9% of all Coinbase shares bought by ARK Invest so far this year, and about 23% of COIN acquired in March.

Los Angeles, United States, 22nd March, 2023, ChainwireGDC 2023 is finally in full swing, and a mysterious Oscars-style red carpet and stage are piquing the interest of global game developers. Thanks to a gamer grandma and her robotic feline buddy, this year, for the first time, game-makers of all sizes will have the chance to share the limelight and promote their games on stage, live stream, and on social media.Located in the prime location of the Moscone South lobby at GDC 2023, the stage is hosted by virtual influencer Babka. Her fellow time-traveling companion, Nushi, the cat, will also be in attendance and has taken the form of a robotic quadruped, crafted by esteemed Hollywood creature artist Salvatore Salamone, whose credits include The Dark Crystal: Age of Resistance and Avengers: Endgame. Babka and Nushi’s mission is to show the power of interactive technology and how games can transcend the screen, meeting thousands of game devs eager to get the word out about their newest game releases and upcoming projects. The duo will be at the show until Friday, March 24, 2023.Developers who walk the red carpet will get the chance to take a photo with Babka and Nushi, as well as conduct a video interview about their projects to be streamed on Twitch and promoted across various social media channels including Twitter, Instagram, and TikTok. Streams and footage will be shared under the hashtag #LivingLegends, encouraging influencers, gamers, and developers alike to give a shout-out to their favorite creators in a celebration of the global games industry’s creativity. Special giveaways are also up for grabs throughout the event.“Game developers are celebrities in the future, so much so that Nushi and I traveled back in time just to meet some of our favorites, which isn’t easy!” said time-traveling gamer grandma and virtual influencer Babka. “And when I say favorites, I mean everyone because we love all creators. GDC is not just a large get-together of the global games industry, it’s a celebration of it. So please drop by and tell the world about your amazing games, and also take a selfie with Nushi and me! Please. Seriously. We have traveled across the space-time continuum to meet you!”The event is open to GDC ticket holders and can be found at the Moscone Center in San Francisco in the Moscone South lobby. Starting Wednesday, March 22, Babka will be streaming on-site and online with Twitch influencers such as Esfand. Interviews, photos, and the #LivingLegends stories will be shared across social media. users can catch up with the latest events from the show floor by following Babka (@yo_babka) on Twitter and Instagram and Nushi the cat (@yo_nushi) on Twitter and Instagram accounts.About Babka and NushiBabka is a gamer, grandma, and virtual influencer who has traveled back to our present to meet her favorite game creators, #LivingLegends at #GDC23. Babka’s mission is to meet developers, promote their games, and help the entire industry find success. Babka was led to the present by Nushi, Babka’s dedicated scout, who took the form of a robotic cat and became the first animal consciousness to traverse time and the metaverse.ContactCEORana RahmanRaptor [email protected]

Cathie Wood was impressed that Bitcoin “moved in a very different way” compared to the equity market in response to the recent banking crisis.

Palo Alto, CA, 20th March, 2023, ChainwireBoba Network, the only multichain layer-2 blockchain scaling solution and the only smart contract platform that enables Web3-Web2 interoperability, is pleased to announce its integration with NOWPayments, the non-custodial crypto payment gateway created by the team behind ChangeNOW. As part of the integration, $BOBA will now be available as a payment, donation, and payout option for all businesses that use NOWPayments.NOWPayments, a prominent cryptocurrency payments provider, provides a range of tools to assist you in getting started with accepting $BOBA payments. Here are some of the available tools:eCommerce plugins: These plugins are compatible with major eCommerce platforms like WHMCS, Shopify, WooCommerce, Magento 2, PrestaShop, OpenCart, Zen Cart, and Shopware.Payment Link and Point-of-Sale (PoS) Terminal: Businesses can use a payment link and a virtual Point-of-Sale terminal to accept BOBA payments.Recurring Payments: Companies may issue recurring invoices.Custody as a Service: This tool allows businesses to establish separate billing accounts for their customers and allow them to top up those accounts with the cryptocurrency of their choice.API: NOWPayments’ versatile API allows businesses to create custom crypto payment solutions.Mass Payouts: Businesses can send mass payouts automatically to as many addresses as they require, such as salary, bonus, reward, or rebate.Donations: Businesses can select from three different tools, such as Link, Button, and Widget, to receive crypto donations."We're excited to partner with NOWPayments and offer our community another way to use BOBA," said a core contributor of Boba Network. "With this integration, merchants can now benefit from accepting BOBA, including its staking feature and access to our massive community."NOWPayments is part of the NOW Solutions ecosystem, which allows businesses to integrate crypto and benefit from it. With BOBA now available on NOWPayments, it allows businesses to accept payments and/or donations in 160+ cryptocurrencies, with auto-coin conversion available, and fiat conversion possible."We're thrilled to add BOBA to our payment options and continue spreading the adoption of crypto payments," said Xena Kash, CEO of NOWPayments. "The Boba Network's ecosystem is rich with use cases, and we're looking forward to giving BOBA even more use cases along the way."About Boba NetworkBoba Network is an optimistic-based multichain layer-2 scaling solution that aims to unlock the potential of rollup technology and enable more flexible blockchain communication. The protocol is fully compatible with EVM-based tools and has already deployed multichain support for Avalanche, BNB, Moonbeam and Fantom, supporting lightning-fast transactions and fees anywhere from 40-100X less than the respective layer-1. Boba Network is powered by Hybrid Compute technology that brings the power of Web2 on-chain, with smarter smart contracts that allow developers to leverage off-chain compute and real-world data to deliver enriched experiences for decentralized applications.About NOWPaymentsNOW Solutions is an ecosystem of enterprise solutions that allow businesses to integrate crypto and benefit from it. NOWPayments and ChangeNOW are part of NOW Solutions, joined by other NOW projects, such as NOWCustody and NOWNodesChangeNOW is a non-custodial exchange platform with more than 5 years experience. It supports 800+ assets and 150K+ trading pairs powered by 10 CEX & DEX liquidity providers, and offers crypto solutions for businesses (APIs, Token migration, traffic monetisation, etc)NOWPayments is a non-custodial crypto payment gateway created by the team behind ChangeNOW. It lets you accept payments in 160+ cryptocurrencies, with auto coin conversion available. Regardless of what crypto customers pay with, merchants can choose to accept the coins they prefer - NOWPayments converts them automatically. The platform offers a variety of tools.For more information, please visit https://boba.network/ or https://nowpayments.io/ ContactMark [email protected]

Bitcoin's rebound in 2023 has also seen Coinbase stock gaining over 100% year-to-date, boosting Cathie Wood's ARK portfolio.

Chris Jacquemin, a speaker at CoinDesk's Consensus conference, on Hollywood's embrace of Web3.

Cathie Wood’s Ark Invest has raised $16.3 million despite the market turbulence for a new crypto fund. ARK US And Cayman Successfully Raise Funds Innovation-focused fund manager Ark Invest has raised over $16 million for a new crypto fund that will be divided between a domestic account and a Cayman Islands account. This information was released when the company’s filings with the U.S. Securities and Exchange Commission went live. The reported $16.3 million of funds were raised through two separate channels. The first $7.3 million were raised from nine investors by the ARK Crypto Revolutions U.S. Fund LLC. On the other hand, the remaining $9 million were raised from a single investor by the ARK Crypto Revolutions Cayman Fund LLC. The filings revealed that both funds were opened for investments on March 1, 2023. Furthermore, since the target of the fund was labeled “indefinite,” it indicates that its purpose is still open-ended and could be applied to a multitude of investments. ARK Adding More Shares According to the filings, Ark Invest also added $20 million in Block shares to its funds in the last week. On top of that, the company had already added around $30 million in Coinbase shares to its funds in February 2023. The staggering bear market has not slowed down Ark Invest. The company has been on a crypto buying spree, as is evident from its rampant share purchasing. The company’s CEO, Cathie Wood, had been steadfastly bullish about the overall industry, especially Bitcoin, even through the struggles of 2022. In early 2022, Ark published its Big Ideas report, where it predicted that Bitcoin would hit $1.36 million by 2030. In an excerpt from the report, Wood writes, “We believe bitcoin is the most profound application of public blockchains, the foundation of “self-sovereign” digital money. The Bitcoin protocol has enabled two other revolutions: The Financial (DeFi) and Internet (Web3) Revolutions.” CEO Still Bullish On Crypto Her company had taken advantage of the low prices of the bear market and snatching up cryptos left and right. For example, last November, under Wood’s leadership, Ark bought over 1.3 million shares in Coinbase at a very low price of around $40 per share. At that point, the company held around 4.7% of Coinbase’s total outstanding shares, the majority of them held in its flagship fund, ARK Innovation ETF. Whether her “buying the dip” policy will pan out in the long run is to be seen. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Cathie Wood said the ongoing baking crisis is a total Fed policy failure and could have been averted with crypto’s decentralized solutions.

SEC filings show fundraises for two versions of the ARK Crypto Revolutions fund.

Banking system instability caused widespread panic over the last few days. On the other hand, crypto networks continued operating without missing a beat. Mistakes in banking were to blame for bank runs that could have caused the whole financial system to come crashing down. Only the intervention of the U.S. Treasury, the Federal Reserve, and the FDIC was able to stop the contagion spreading further. As government and regulators were intent on doing their utmost to pull the cryptocurrency industry down, fatal flaws in the banking sector were going unnoticed. Banks that had purchased long term bonds back in 2020 were suddenly forced to sell them before term at a loss in order to pay creditors who had become scared and suspicious at the banks’ lack of liquidity with which to pay them. Cathie Wood, founder, CEO and CIO of Ark Invest, tweeted that while the U.S. banking system was seizing up, crypto networks did not “skip a beat”. While the US banking system was seizing up in response to bank runs threatening regional banks, Bitcoin, Ethereum, and other crypto networks didn’t skip a beat. Instability in the banking system threatened stablecoins, the on-ramps to DeFi, in stark contrast to regulator rhetoric https://t.co/r5xwC96Pdj — Cathie Wood (@CathieDWood) March 15, 2023 She mused on the irony of how regulators had become so focused on crypto that they had missed the failures that had been looming in the banking industry. Whereas the narrative has always been that crypto threatens the stability of the traditional banking system, Wood tweeted that it was the instability of the banking system that had threatened stablecoins and the onramps to DeFi. In another tweet she remarked: “instead of blocking decentralized, transparent, auditable and well-functioning financial platforms with no central points of failure, regulators should have been focused on the centralized and opaque points of failure looming in the traditional banking system.” Wood was dismissive of regulators, saying that “they should have been all over the crisis that was looming in plain sight”, citing how short rates had surged 19-fold in less than a year, and how banking deposits were falling year-over-year for the first time since the 1920s. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Circle Internet Financial’s $3.3 billion cash reserves problem was seemingly solved Sunday when federal regulators promised that depositors of failed Silicon Valley Bank would be made whole in short order. But Circle’s USDC stablecoin isn’t out of the woods.

ARK now owns 9.9 million COIN shares, worth $575 million which is around 3.8% of Coinbase's market cap

Amid the crypto market facing another wave of panic, Cathie Wood’s ARKK keeps bagging record amounts of Coinbase stock this year.

ARK appears unfazed by Silvergate as it increases COIN exposure by over 700,000 shares so far in 2023.

Cathie Wood, founder and CEO of American investment management firm Ark Invest has praised Bitcoin and Ethereum, noting that despite suffering sharp price drops following the collapse of FTX, they were both “on the right track.”

After several bankruptcies and fire sales, the rally in bitcoin’s price is providing some relief for the miners, although they may not be completely out of the woods yet.

The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 23, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

The purchase appears to be ARK's biggest of the year, eclipsing the $9.2 million order earlier this month.

The Solana-themed retail storefronts called Solana Spaces have announced that they are closing their brick-and-mortar storefronts in New York City and Miami. Solana Spaces Pivots To Web3 The Solana Spaces company is shutting down all its NYC and Miami-based storefronts to prepare for their move to the Web3 space. These brick-and-mortar stores were used to pitch the adoption of the Solana blockchain. According to the recent announcement, the company will close all these locations by the end of February 2023 as it will be pivoting to a more digital experience focusing on NFTs. CEO Vibhu Norby released a statement on Twitter, where he addressed the community, saying, “We’ve made the difficult decision to sunset our stores in NYC and Miami by the end of February, and to pivot our Solana onboarding efforts into digital products like DRiP, our free NFT product with more than 100k sign-ups.” Rebranding As DRiP In the letter addressed to the community, Noby also states that the company will rebrand itself as DRiP, which is already the name of the project’s boutique NFT distribution platform that used to be promoted at these stores. Noby claims in his letter that the startup had reached “an inflection point” in the last two months, which inspired the pivot into Web3. He explained that although the stores onboarded between 500 to 1000 people every week, DRiP could bring in the same numbers in a single day. He wrote, “Over the last 2 months, it became increasingly clear to me that we were at an inflection point with our stores and our digital products, and a few weeks ago we made the call to focus our ongoing efforts on DRiP. More to come on the plan for DRiP soon, including rebranding this Twitter account.” What’s Next For Solana Spaces? CEO Noby launched the first Solana Space store in a mall at New York City’s Hudson Yards back in July 2022. Visitors would be guided through interactive modules where they were taught about different functionalities of the Solana blockchain, like setting up a crypto wallet, trading crypto on a decentralized exchange, and so on. A second shop was soon launched in August of that year in the Wynwood district, a creative and cultural hub in Miami. Talking about the end of the physical locations, Noby also revealed that the company would be open-sourcing both the software that powers Spaces and the brand. Furthermore, he invited members of the community to visit the stores during their last week for free merchandise, giveaways, and discounts. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

What is an Woodies Generative Characters? Woodies Generative Characters are a non-fungible tokens collection built on the Ethereum network launched in 24 September, 2021. 9,739 items of the Woodies Generative Characters collection can now be viewed at OpenSea. How many owners does the Woodies Generative Characters collection have? The total number of owners has reached 3908 within 511 days since its release. NFT Collection Woodies Generative Characters Price and Sales The market capitalization of Woodies Generative Characters NFT collection is 361.76 ETH. Since created the Woodies Generative Characters, 7,683 collections sales were made at an average price of 0.37 ETH (~$637.44 at the time of writing). This created a total volume in 2,869.098 ETH. The floor price of Woodies Generative Characters is 0.0392 and the 30-day trading volume is kept at 3.77 ETH. The payment tokens of the Woodies Generative Characters collection are ETH, WETH, USDC, ASH, APE. Why are some NFTs expensive and others not? NFTs are very new to the blockchain ecosystem and are still in their infancy. It is an emerging market meaning there is no historical data or precedence that can assist in determining the value of an NFT. NFT projects that started at the beginning of the market boom have garnered legitimacy purely because they had a first-mover advantage. These “established” NFT projects have also had the opportunity to improve and learn from the issues that have plagued the NFT market and have, in such a way, made themselves more valuable. When the NFT boom took flight, many people realized profits beyond their wildest dreams, creating a space for opportunists to take advantage of the market growth. While some NFTs can be considered digital art, created by an artist who recognizes the value NFTs can add to the creative space, others have been made purely out of greed and a need to exploit the immense market growth. NFT projects that stem from greed and exploitation often have no value and are ultimately garbage. Is the Woodies Generative Characters Collection Over or Underpriced? It is difficult to determine whether NFTs from the Woodies Generative Characters collection is overpriced or underpriced. Making such an assessment will become clearer when the market for NFTs and metaverses develops more actively. The price is also influenced by how the Woodies Generative Characters collection is developed and promoted by its creators and community. Woodies Generative Characters NFT Collection Examples Woodie #0 Woodie #1 Woodie #2 Woodie #3 Woodies Generative Characters fees Buyer fee to dev: 0 basis points Seller fee to dev: 600 basis points Buyer fee to opensea.io: 0 basis points Seller fee to opensea.io: 250 basis points Buyer fee: 0 basis points Seller fee: 850 basis points Woodies Generative Characters editors list The approved editor's accounts of Woodies Generative Characters collection are 0x609399fc46eb745a0e28ae37c786089a5d8dc501, 0x8367a713bc14212ab1bb8c55a778e43e50b8b927, 0x7e6a74008e1b8df0c5754436d0de3654636b2bf9. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.