At the time of writing, Ethereum currently trades at ~$4,584. After bouncing off a monthly low of ~$4,000, Ethereum is near its all-time high. It currently trades at ~$56,841.Įthereum (ETH) also broke its all-time high on Nov 10, 2021, briefly trading above $4850. November marked a record-breaking bumpy month for cryptocurrencies as the total crypto market cap hit 2.97T before decreasing around 11% to ~$2.6T at the time of writing.īitcoin (BTC) hit a new all-time high price at ~$68,521 on Nov 10, 2021, before bumping up and down between the $50K and $60K price range. November’s crypto stories ranged from groundbreaking, El Salvador’s “Bitcoin City” announcement, to gloomy, crypto trading hamster Mr. This month we transition into full-blown winter. economy and that’s the global opportunity.In November 2021, we released your 10 fundamental rights as a crypto user, launched our 100M EUR initiative in France, started Incubation Program Season 3 and opened the Futures Grand Tournament registration. “We believe that this autonomous taxi platform opportunity will evolve from zero in revenues today to eight to 10 trillion in 2030,” Wood said. Tesla’s AI project would help scale autonomous taxi projects, she said.
“Tesla with its four-to-five million robots roaming around the world is collecting more data every day and has collected more miles of real-world driving data than all of the other auto companies and technology companies around the world combined,” Wood said later Thursday in a video address to the Morgan Stanley Australia Summit in Sydney. Wood, an ardent Tesla bull, said the electric vehicle maker is one of the biggest artificial intelligence plays around. Wood has defended her decision, citing concerns over the computer-chip industry’s boom-bust cycle. Wood has faced criticism after her flagship ETF cut its holding in Nvidia in January and missed out on an epic rally that made the chipmaker briefly cross $1 trillion in market valuation. Why would Bitcoin do well in that circumstance? It will do well because it’s an antidote to counterparty risk in the traditional financial system.” “We also believe now that the bigger risk is deflation, not inflation. “We’ve just been through an inflationary scare, we think it was very supply chain driven and Bitcoin is a hedge against inflation,” she said. Wood said she’s still confident in her $1 million target for Bitcoin, saying the more uncertainty and volatility there is in global economies the more Ark’s confidence increases in the token. Her comments come after her funds on Tuesday boosted their holdings of Coinbase as shares slumped following the SEC’s action, with three Ark Investment Management funds, including Wood’s flagship Ark Innovation ETF, buying 419,324 shares.Īrk is the fourth-largest holder of Coinbase and has been adding to its stake on dips for nearly a year. “There are questions about what’s a security, about staking, those are the two questions that Coinbase and Binance are facing, but most of the other questions about Binance have nothing to do with Coinbase,” she said. Wood said Coinbase isn’t accused of any criminal activity. regulator for derivatives filed a civil enforcement action charging Binance Chief Executive Officer Changpeng Zhao and three of the exchange’s affiliated entities “with numerous violations of the Commodity Exchange Act (CEA) and CFTC regulations.”īinance described the CFTC action as “unexpected and disappointing,” with Zhao saying in a blog post on the company’s website that “the complaint appears to contain an incomplete recitation of facts, and we do not agree with the characterization of many of the issues alleged in the complaint.” regulators have not filed criminal charges against Binance or any of its representatives. “We have Binance under increasing regulatory scrutiny for more criminal activities, fraud being one of them, therefore we have the competition for Coinbase disappearing, so that’s a good thing longer term for Coinbase.” Wood told Bloomberg Television on Thursday. Securities and Exchange Commission that they are peddling unregistered securities. The world’s two biggest cryptocurrency exchanges are facing a regulatory crackdown including allegations this week filed by the U.S. legal problems will benefit its rival Coinbase Global. Cathie Wood, CEO of the investment firm ARK Investment Management LLC, said Binance’s U.S.
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