Ark Invest has sold nearly $59 million of Coinbase from various funds this week.

The sum comes after three days of sales with Ark selling roughly $1.4 million in Coinbase stock on Monday. And on Tuesday and Wednesday, Ark sold around $33 and $24 million respectively. 

Looking at the sales in stock, Ark sold a little over 10,000 shares on Monday, 230,000 shares from various funds on Tuesday and 180,000 shares on Wednesday according to filings.

But when looking at the funds and the overall portfolio weights, Ark could be selling to balance the fund. The asset manager has Coinbase in three funds — the ARK Fintech Innovation ETF (ARKF), ARK Next Generation Internet ETF (ARKW) and the ARK…

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Meta released a suite of tools for securing and benchmarking generative artificial intelligence models (AI) on Dec. 7. 

Dubbed “Purple Llama,” the toolkit is designed to help developers build safely and securely with generative AI tools, such as Meta’s open-source model, Llama-2.

Announcing Purple Llama — A new project to help level the playing field for building safe & responsible generative AI experiences.

Purple Llama includes permissively licensed tools, evals & models to enable both research & commercial use.

More details ➡️ pic.twitter.com/6BGZY36eM2

— AI at Meta (@AIatMeta) December 7, 2023

AI purple teaming

According to a blog post from Meta,…

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Officials with the United States Securities and Exchange Commission are reportedly discussing aspects of Bitcoin (BTC) exchange-traded funds, or ETFs, proposed by asset managers.

According to a Dec. 7 Reuters report, industry insiders said the SEC and certain asset managers were discussing “key technical details” related to U.S. exchanges listing shares of a spot Bitcoin ETF. To date, the commission has never given the green light to any spot cryptocurrency exchange-traded product, instead postponing decisions on applications for the maximum allowable time.

Memos released by the SEC in November showed the commission separately met with representatives of BlackRock and Grayscale. Both…

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While Marathon Digital extended its hash rate lead on North American competitors in the past month, Riot Platforms and Bitfarms are among those looking to catch up via major machine buys ahead of the bitcoin halving.

Meanwhile, Hut 8 recently closed its merger with US Bitcoin Corp in a move executives have said helps the firm not only boost mining capacity, but further diversify its revenue streams. 

The plethora of miner moves comes as the next bitcoin halving looms. Slated for April, industry watchers expect the event that cuts per-block miner awards from 6.25 bitcoin (BTC) to 3.125 BTC to put stress on industry players.

“It seems like the upcoming halving and this year’s market…

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There are some pretty weird things being brought on-chain nowadays.

Real-world-asset (RWA) tokenization is one of the hottest topics in crypto as industry participants eye the impending bull run. With how rapidly the RWA market is growing, now is the opportune time for crypto enthusiasts to begin exploring the topic.

The value of RWAs on-chain crossed $3 billion in August | Source: Galaxy Research

RWA tokenization brings crypto into the real world, drastically expanding crypto utility across various use cases, the most prominent of which are financial assets, including precious metals and real estate.

Outliers are currently being tokenized as well. This article explores some of the…

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Financial payment processor Block, co-founded by Jack Dorsey, has launched its self-custody Bitcoin (BTC) wallet.

Dubbed “Bitkey,” developers said during the Dec. 7 announcement that the wallet, available as a mobile app or hardware storage, will be accessible in over 95 countries. Bitkey will feature a two-of-three multi-signature wallet consisting of a mobile key, a hardware key, and a server key, with a secure hardware device alongside recovery tools in the event of loss. It will require both the user’s fingerprint and phone to approve transactions. The first global partners for Bitkey include Coinbase and Cash App.

“Bitkey uses three keys to secure Bitcoin, and any two keys working…

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Preorders for Block’s self-custody bitcoin wallet Bitkey launched across the world on Thursday.

According to a press release, the wallet can be preordered in 95 countries, with shipping set to start in early 2024.

“Bitkey includes a mobile app, hardware device and a set of recovery tools in case the customer loses the phone, their hardware, or both,” the release said.

It uses three keys to secure bitcoin in the wallet, though a customer can use any two of those keys to access and change security settings, launch a recovery or transfer bitcoin. The app acts as one key, and the hardware device acts as a second key. The final key is on the Bitkey server, and is the only one the…

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Bitcoin (BTC) is lining up an “early bull market” as a unique chart feature plays out for the first time in history.

In a post on X (formerly Twitter) on Dec. 7, entrepreneur Alistair Milne drew attention to Bitcoin’s first ever weekly “golden cross.”

Bitcoin goes from death cross to golden cross in 10 months

Recent BTC price upside has delivered considerable profits to various Bitcoin investor cohorts, but 165% year-to-date gains are now significant for another reason.

Should current performance continue, Bitcoin will witness a crossover of two weekly moving averages (MAs) which have never delivered such a bull signal before.

The 50-week and 200-week MAs are key trendlines for…

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