Sat, Mar 18, 2023 7:05 PM
FPIs are net sellers this week due to concerns about the bank contagion
A Flip by Gaurav
Radha Vembu, sister of Zoho CEO and co-founder Sridhar Vembu, has seen her net worth skyrocket over the last year, climbing 103 spots to reach $4 billion and earn her a spot on the 2023 M3M Hurun Global Rich List, released on March 22. She is the second wealthiest self-made woman in the software and services industry, and one of 247 self-made women featured on the list, 81% of whom are from China.
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Irina Dilkinska, a Bulgarian woman previously linked to the OneCoin cryptocurrency scam, has been extradited to the US to face charges. Her extradition is part of a wider legal crackdown against members of the OneCoin scheme, which was founded by Ruja Ignatova. Ignatova is currently on the FBI's most-wanted list.
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Cathie Wood's ARK Fintech Innovation ETF has sold its investment in Coinbase for $13.5 million. Earlier this month, ARK had acquired over $20 million worth of COIN shares. While COIN's announcement of its expansion into Brazil caused a rally, the stock is still lower compared to 2022. The sale of the investment in Coinbase was made on Tuesday by ARK Investment Management.
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