Quick check on the audience here. Let’s see how many of us sold or not during the bloodbath. You can also post what you are currently holding and have trust in and what you get rid of. I’ve got rid on half of the CRO bags I had with profits and I am currently buying…
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COIN included new language in their latest 10-Q warning crypto investors what might happen to their coins should the company file for bankruptcy. “Moreover, because custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy, the crypto assets we hold in custody on behalf…
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submitted by /u/WozhaemoL [link] [comments]
I suppose pretty much everyone here is aware that Safemoon recently did what all hyperinfaltionary currency manipulators did, they took a leaf right out of the Bank of Zimbabwes playbook and reissued their currency at a 100:1 ratio. With a 100% tax on all v1 transactions. Well according to Coingecko, Safemoon v2 is now ranked…
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The market continues to be in disarray as the price of bitcoin has now fallen to the low $30,000s. This had been preceded by declining faith in the market thus translating to fewer inflows/more outflows in the last couple of weeks. However, with the price now at the lowest, it has been this year, institutional sentiment towards the digital asset has changed and this has resulted in significant inflows into the digital asset for the first time in weeks. $45 Million Flows Into Bitcoin Bitcoin has now seen inflows following several weeks of outflows. The past week has proven to be good for the pioneer cryptocurrency which saw inflows as high as $45 million. It is a complete turnaround from the institutional investor side which has been pulling money out of the digital asset to presumably put towards their altcoin portfolios. Related Reading | Bitcoin Exchange Inflows Hit Three-Month High As Market Braces For More Downside Naturally, these institutional investors had been pulling out when indicators had been pointing towards a bear market, and have now returned to take their share of the pie with bitcoin trading at low prices. It marks the return of positive sentiment among these investors. Short Bitcoin also followed this same trend and has ridden the wave into its second-largest weekly inflows on record. The past week saw $4 million total flow into Short Bitcoin which has now brought its total asset under management (AuM) to a new high of $45 million. BTC struggles to find support above $31,000 | Source: BTCUSD on TradingView.com Other digital asset investment products were not left out of the inflow galore. This time around, there was a total of $40 million flowing into digital asset investment products in a surprising turnaround. Altcoins were not left out of this though even though outflows were more dominant for last week. However, Solana would break away from the mold in this regard to be the only altcoin that recorded any significant inflows with $1.9 million flowing into the Digital asset. As for other altcoins, the outflows continue as negative sentiment continues to rock the cryptocurrency. It saw $12.5 million leave the digital asset in the one-week period. So far, 0.8% of the total Ethereum AuM has left the digital asset as its year-to-date outflows have now reached $207 million. Related Reading | Bitcoin Price Crashes Below $30K As Markets Show Signs Of Paranoia The inflows and outflows remained inconsistent across various market regions. The CoinShares reports show that investment products in the North American markets had recorded $66 million. Across the pond in Europe, outflows dominated with a total of $26 million leaving digital asset investment products in the region. Nonetheless, the new trend of inflows coming into assets like Bitcoin and Solana prove that institutional investments had come out of the woodwork to take advantage of the price weakness that had been displayed in the market. This price weakness continues with bitcoin still struggling to establish a support level above the $31,000 price range. Featured image from Investopedia, chart from TradingView.com
Today during $COIN earnings, Coinbase talked about what would happen should they file bankruptcy, and what it would mean for your Ethereum. I am posting this to remind you all THAT YOU SHOULD NOT KEEP YOUR ETHEREUM ON EXCHANGES. "Moreover, because custodially held crypto assets may be considered to be the property of a bankruptcy…
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First off I wanna send my condolences to anybody that was affected by this. Last night we all witnessed one of the craziest moments in crypto and will defiantly have a major impact on the markets and crypto moving forward. From the ways that stable coins will be looked at by The FEDS and may…
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submitted by /u/Yeti533 [link] [comments]
The Nigerian central bank digital currency (CBDC) wallet app is set for an update that will see users given the ability to pay for utilities like pay television and for topping up airtime. The addition of the unstructured supplementary service data (USSD) functionality to the wallet app means people without bank accounts will be able […]
