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Hello, and welcome to this week's edition of the Insider Tech newsletter, where we break down the biggest news in tech, including: Jeff Bezos' farewell call to armsCoinbase's new $13 billion manSnapchat and Instagram's drug problemDid someone forward this newsletter to you? Sign up here.Soundtrack: This week's newsletter has been…

Cathie Wood’s ARK funds bought more shares of cryptocurrency exchange Coinbase Global Inc on Friday while selling shares of electric carmaker Tesla , according to the firm’s daily trade summary. ARK on Friday bought 187,078 shares of Coinbase, which debuted on the Nasdaq earlier this week, in a purchase worth…

Source: iStock/zodebala South Korean analysts are continuing to debate the market value of Dunamu, the operator of the South Korean market-leading Upbit crypto exchange – as talk of the company seeking to make a listing bid on an American stock market intensifies. As previously reported, industry insiders claim that Dunamu’s…

Coinbase shares closed at $327 on their Nasdaq debut, giving the crypto exchange an initial market cap of $86bn on a fully diluted basis. Fully diluted refers to the total number of common shares outstanding and available to trade on the open market after all possible sources of conversion. But…

Bitcoin price is down from fresh all-time highs set this week ahead of the Coinbase Global Nasdaq public rollout, but there are still no signs of the bull run ending. A powerfully bullish pattern, however, has began to shapeshift and is in the midst of transforming into a bearish pattern…

Coinbase CEO Brian Armstrong once tried to recruit help in building the crypto trading platform now worth $60 billion—but was batted aside. In a comment posted to the HackerNews forum in 2012, Armstrong, posting via an anonymous throwaway account, detailed an "awesome prototype" he was working on that he thought…

Legal & Regulation MIT Blockchain & Crypto Course Prof, Gary Gensler, Confirmed as the SEC Chairman by US Senate AnTyApril 14, 2021Gary Gensler has been finally confirmed as chairman of the Securities and Exchange Commission (SEC) after a 53-45 vote by the Senate on Wednesday, the day the crypto and…

The Chinese startup raised US$1.1 billion at a market capitalization of US$8.5 billion and ended the trading day unchanged.Read More

The acquisition of Haitaoche will allow Kaixin Auto to tap into China’s fast-growing e-commerce auto market. (Source: Kaixin Auto) Chinese secondhand car dealership Kaixin Auto Holdings on Thursday said it has received approval from Nasdaq to acquire Haitaoche, an e-commerce platform for imported cars. Talks of the acquisition began last…

The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton Celebrity stockpicker Cathie Woods' ARK funds bought more shares of Coinbase (COIN.O) worth $110 million a day after…