Crypto investment products see largest inflows in 5 weeks
The Bitcoin price increased 8% amid BTC investment products seeing $543 million in inflows last week.
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Bitcoin is not an inflation hedge, Bitcoin skeptic claims
Nassim Taleb persists in his belief that Bitcoin is not a good hedge against inflation. 3198 Total views 15 Total shares Untied to any single government or country, Bitcoin is often labeled as a store of value asset and a hedge against other areas of finance. Nassim Taleb, a former risk analyst and author, thinks…
Tether Plans to Issue CNHT — A Chinese Yuan-Pegged Stablecoin
Stablecoin operator Tether plans to issue a Chinese yuan-backed stablecoin, local industry media ChainNews reports on Aug. 21.Tether to issue a renminbi-pegged stablecoinBitfinex shareholder Zhao Dong informed the outlet that Tether — the stablecoin operator behind leading stablecoin USDT — plans to issue a new stablecoin in the near future. The stablecoin in question would…
Bloomberg: Key Indicators Show Bitcoin Price Could be Losing Steam
Key price movement indicators show that Bitcoin (BTC) could be heading for another move downward, according to a recent report from Bloomberg on March 12.The report states, “Technical gauges signaling long-term buying demand for Bitcoin are deteriorating” and as such, buying pressure could increase. Bloomberg notes that the seminal crypto’s Moving Average Convergence Divergence (MACD)…
Grayscale launches investment fund for AVAX token
It joins Grayscale's suite of more than 20 crypto investment products.
Bitcoin clings to $22K as US dollar strength rises to December levels — What’s next?
Bitcoin (BTC) fell to three-week lows on March 8 as stronger-than-expected employment data from the United States dampened risk assets.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewEmployment stats boost Fed hawks, BTC price dipsData from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $21,858 on Bitstamp.The pair was attempting to preserve $22,000 as support at…
FTX creditors unimpressed with exchange’s bankruptcy exit plan
FTX’s official creditor committee said the current plan would add costs and delays to what’s already on track to be a historically expensive bankruptcy. A body representing FTX customers said it is “extremely disappointed” by the exchange’s draft bankruptcy exit plan and claims it was ignored by FTX’s restructuring team.In a July 31 court filing,…
South African regulators issue fresh crypto investment warning
Authorities in South Africa are warning investors to be wary of scams amid the current crypto bull market. 860 Total views 6 Total shares South Africa’s Financial Sector Conduct Authority is sounding the cryptocurrency scam alarm once again.In a press release issued on Thursday, the FSCA enjoined the public to do their own due diligence…
1inch releases new tool to protect traders against ‘sandwich attacks’
The company said that the new tool works by allowing users to submit transactions directly to validators. 1153 Total views 6 Total shares Exchange aggregator 1inch released a new tool called “Rabbithole” on Nov. 25, which the company says will protect traders against malicious “sandwich attacks.” The team announced the launch of the tool in…