Cathie Wood's ARK Invest made some bold moves on November 20, shaking up its portfolio with new investments and trimming some existing ones. The spotlight was on Nvidia, a major player in the chip industry, after its impressive third-quarter performance. ARK Invest snapped up 93, 374 shares of Nvidi
Numerai, a unique hedge fund based in San Francisco, just raised a whopping $30 million in its Series C funding round. This round was led by some big-name university endowments and valued the company at a cool $500 million. That's a huge jump from its 2023 valuation! J. P. Morgan Asset Management a
A new player is stepping into the insurance world, and it's bringing some fresh ideas. Astria Insurance Solutions Inc. (AIS) is the brainchild of Innovative Payment Solutions, Inc. (IPSI). This isn't just another insurance company. AIS is set to mix things up by combining insurance with modern payme
Malawi is taking a bold step to boost its foreign reserves. The country has decided that tourists must pay for hotel stays using dollars, euros, or other strong currencies. This is a big change, and it's all about getting more hard cash into the country. The finance minister shared this news. He ex
Big things are happening in the world of finance. A hedge fund called Numerai just raised a lot of money. They got $30 million from some serious investors. This includes big university endowments. Now, the company is worth $500 million. That's a huge jump from just a few years ago. Numerai is not y
The crypto market is having a rough day. Bitcoin (BTC) is down by 3%, trading at $86, 410. 50. This drop comes after it had a brief rally earlier in the day, reaching above $93, 000. It's now at its lowest point since April. But Bitcoin isn't the only one feeling the heat. XRP (XRP-USD) has fallen b
In the world of cryptocurrency, two big names stand out: Solana and Ethereum. They are like two sides of a coin, each with its own strengths and weaknesses. Solana is known for its speed and low fees, while Ethereum is praised for its security and wide range of uses. Solana, which started later tha
In the world of digital money, trust is a big deal. Zircuit Finance is stepping up to make things safer. They just launched a new platform to tackle the big problems in decentralized finance (DeFi): credit risks and security issues. With $3 billion already secured, they offer a stable place for big
Crypto prices are feeling the heat lately. Bitcoin and Ethereum, the big names in the crypto world, have been dropping. Bitcoin is now below $92, 200, which is the lowest it's been since April. It's lost over 14% in just two weeks, wiping out all the gains it made this year. Ethereum isn't faring mu
A major U. S. bank is stepping into the world of digital money. BNY, a well-known name in traditional banking, has just launched a new fund. This fund is not for regular investments. It's designed to support stablecoins, a type of digital money that's tied to the value of real-world currencies like
