Cathie Wood says, Coinbase is 'executing brilliantly'
Coinbase (COIN) released its fourth quarter report beating expectations with a revenue of $953.8 million. Bitcoin (BTC-USD) regained its $1 trillion market cap on Wednesday for the first time since 2021. With the rise of bitcoin investing with spot bitcoin ETF approval, many on Wall Street are expressing more interest in the digital asset.
Ark Invest CEO and CIO Cathie Wood, a vocal advocate of bitcoin, joins Yahoo Finance to give her insight into the crypto markets, Coinbase's performance, Ark Invest's bitcoin ETF, ARK 21 shares bitcoin (ARKB), and more. Wood adds the trading platform is "executing brilliantly."
On Coinbase, Wood claims that it's the "most compliant exchange out there" from a regulatory perspective. She also notes that it's competition is fading, especially given the collapse of FTX and the issues Binance has been facing.
Wood gives her view on the future of bitcoin: "We do five-year plus forecasts, so we're focused on how institutions and countries and companies might use this new asset class for different reasons. So, we think we have just begun from a price appreciation point of view. This is part of a journey. I do believe the SEC giving the green light has encouraged institutions to think carefully about it and have a point of view, so we're in the learning phase right now, and I think over time that this movement into this new asset class will continue to push up the price."
When it comes to Tesla (), Wood says she would support CEO Elon Musk's bid to incorporate the company in Texas, saying a Delaware judge took "the vote away from us, the shareholder" who voted in for Musk's sizable pay package.
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Disney CEO Bob Iger has fundamentally restructured the company, says board member Carolyn Everson
Carolyn Everson, Disney board member and former Meta global business group vice president, joins 'Squawk on the Street' to discuss CEO Bob Iger's performance, Nelson Peltz and his looming proxy fight against Disney, the company's investment in Epic Games, new sports streaming alliance, growth outlook, and more.
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What Are NFTs And How Do They Work?
In this week's edition of "Open Forum," viewers send CoinDesk questions on social media and "First Mover" host Jennifer Sanasie gets the answers about everything related to non-fungible tokens (NFTs). Sara Gherghelas from DappRadar assisted CoinDesk with the answers to these inquiries.
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Jack Dorsey's Block Launches Self-Custody Bitcoin Wallet Globally
Last week, Jack Dorsey's fintech company Block (SQ) unveiled its self-custody bitcoin wallet Bitkey for pre-order in more than 95 countries. Block Bitcoin Wallet Lead Max Guise joins "First Mover" to discuss the significance of the launch, along with his thoughts about online privacy and self-custody. Plus, a closer look at how bitcoin transaction among wallets could improve.
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Bitcoin retreats from $50,000 after hotter-than-expected inflation data: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Matt Hougan, CIO at Bitwise Asset Management, and Ric Edelman, founder of the Digital Assets Council of Financial Professionals, discuss the growing adoption of spot bitcoin ETFs am
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'June is probably enough time' for the Fed cutting cycle, Bank of America economist says
January’s Consumer Price Index print saw inflation rise by 3.1% year-over-year and many eyes are on the Federal Reserve’s next move. Bank of America Securities US Economist Stephen Juneau joins Yahoo Finance Live to discuss what to expect from the Fed and potential interest rate cuts going forward.
“We actually shifted our Fed call from March to June after the January meeting," Juneau says. Juneau believes that the state of core inflation and core services inflation “are not what the Fed wants to see.” Juneau does not believe that June is too soon for a rate cut, noting “June is enough time for them to get the data on hand,” and does not expect a “smooth ride" to officials' desired 2% inflation rate.
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Bitcoin Hits $50,000 for First Time Since Dec. 2021
Bitcoin jumped to $50,000 for the first time in more than two years, staging a remarkable comeback from a series of crypto industry scandals and bankruptcies that had raised questions about the viability of digital assets. The currency dropped 64% in 2022. It last traded at $50,00 in December 2021. The price is still below the all-time high of almost $69,000 reached in November 2021. Sonali Basak reports.
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Israel Strikes Rafah Amid Hostage Rescue
Hagar Chemali, Former-Director for Syria and Lebanon at the National Security Council, discusses the strikes that lead to the rescue of two hostages, and what the likelihood of a a ceasefire in the area is. She spoke with Joe Mathieu and Kailey Leinz on Bloomberg Radio and TV.
Get more on the Bloomberg Balance of Power Podcast
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Trump Threatens To 'Encourage' Attack of NATO Allies
Donald Trump told his supporters Saturday that he once told a European leader he’d abandon NATO members to a Russian invasion if they hadn’t met defense-spending commitments.
Trump said that the decades-old military alliance was “busted” until he came along and forced members to “pay up.” When a leader at an unspecified NATO meeting asked if the US would protect them if they were delinquent on spending, Trump said he responded by saying he would tell Russia to do “whatever the hell they want” to those who weren’t meeting their obligations.
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