Coinbase Inc. (NASDAQ:COIN) apologized for falsely advertising USD Coin (CRYPTO: USDC) once again and promised that it will become fully backed by cash and Treasury bills issued by the U.S. Treasury.
What Happened: According to a Twitter thread written by Coinbase's Chief Operating Officer Emilie Choi, “starting September 2021, USDC reserves will be held in cash and short-duration US government treasuries.”
“This is the approach we want for USDC reserves,” she added.
According to recent reports, Coinbase found....More>>>
Warren Buffett became one of the world’s most successful investors by buying shares in underappreciated companies. In fact, his stock-picking record is so good, he’s one of the wealthiest people on the planet. His success suggests that keeping track of the stocks he purchases for his investment company, Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) could be smart. Fortunately, Berkshire Hathaway discloses the stocks it owns to the Securities and Exchange Commission every quarter in a report known as a 13-F.
The latest 13-F was released this week, and in it, we learn Berkshire....More>>>