Day: May 4, 2022

Bitcoin funds saw largest single week of outflows since June 2021

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Institutional investors shed $133 million worth of Bitcoin (BTC) investment products last week, marking the largest week of outflows since June last year. According to the latest edition of CoinShares’ weekly Digital Asset Fund Flows report, the overall digital asset fund outflows for the week ending April 29 totaled $120.1 million, with the large Bitcoin outflows marginally offset by a surprise $38 million worth of inflows for FTX Token (FTT) products. The $132.7 million worth of outflows from BTC funds last week, brings the month-to-date outflows for April to $310.8…

How To Become a Crypto Millionaire!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io To check out the Crypto20 Index Fund visit (not available in the US). Becoming a crypto millionaire is a goal of many crypto investors. Whether in Bitcoin, Ethereum or just across several altcoins. In this video we will be answering the questions: How to become a millionaire in crypto? How much money would you need? What would the growth rate of the crypto market have to be? Chapters: 0:00 – Intro 1:27 – Crypto20 Update 3:05 – Survey Results 4:51 – Million…

Coinbase took out the first Bitcoin-backed loan from Goldman Sachs

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America’s largest crypto exchange Coinbase has been revealed as the mystery firm that took out Wall Street’s first Bitcoin-backed loan from Goldman Sachs. Goldman Sachs has $2.5 trillion assets under management as of 2021. Bloomberg reported on Tuesday that the Bitcoin-backed loan issued by Goldman had been taken out by Coinbase as a way to deepen ties between the crypto and tradfi world, with the head of Coinbase Institutional Brett Tejpaul stating that: “Coinbase’s work with Goldman is a first step in the recognition of crypto as collateral which deepens…

Bitcoin Price Technical Indicators Suggest Break Below $37K

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Bitcoin is facing resistance near $38,200 against the US Dollar. BTC remains at a risk of more downsides unless there is a move above the $39,000 resistance. Bitcoin is facing a major resistance near the $38,200 and $39,000 levels. The price is now trading below $38,500 and the 100 hourly simple moving average. There is a key bearish trend line with resistance near $38,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $38,350 and $38,800 resistance levels to start a steady…

Using Clean Energy to Power Bitcoin Mining

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin mining has come under fire for its increasing electricity consumption, and impact on the environment. The company Bit Digital has opened a new facility in Buffalo, New York, which they say is powered by clean energy from the Niagara River. Like this video? Subscribe: #Crypto #Bitcoin #Explained Bloomberg Quicktake is a global streaming news network for a new generation of leaders and professionals. Our coverage spans your whole world, from your career ambitions to your personal passions and larger societal concerns.…

Crypto Is a New Asset Class That People Can’t Ignore – Featured Bitcoin News

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An executive at Wisdomtree, an asset management firm with $78 billion under management, says that “Cryptocurrencies have firmly established themselves as a new asset class and it truly is something that people can’t ignore.” He added: “We are past the point where there is speculation around whether or not this is a trend that’s here to stay.” Wisdomtree’s Executive on Crypto Jason Guthrie, head of digital assets for asset management firm Wisdomtree in Europe, talked about cryptocurrency during Ftadviser In Focus’ fireside chat Monday. Wisdomtree, through its subsidiaries in the…

L2 transaction fees need to be under 5c to be ‘truly acceptable’

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Ethereum (ETH) co-founder Vitalik Buterin believes that Layer-2 transaction fees need to be under $0.05 to be “truly acceptable.” Buterin made the latest comments in response to a Twitter post from the Bankless podcast host Ryan Sean Adams, who shared a screenshot of the average transaction fees for eight Ethereum Layer-2 platforms. The data is from L2fees.info, a website that compares the cost of Ether’s Layer-1 network in comparison to Layer-2s built on top of it. The only Layer-2 to meet Buterin’s desired transaction fee under $0.05 is the Metis…

❌ War Impact on crypto | financial market | stock market | cryptocurrency

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io War Impact on crypto | financial market | stock market | cryptocurrency Topic Coverd :- cryptocurrency, war Impact on crypto, war Impact on financial market, war impact on stock market, crypto with khan, start from zero, cryptocurrency, crypto market, Sabhi Meme Coins Yaha Mil Jayega 👇👇 Mexc Global Link :- #cryptocurrency #cryptomarket #startfromzero #cryptowithkhan #financialmarket #stockmarket #crypto FREE Premium Telegram :- Follow On Instagram :- Follow On Twitter :- Disclaimer – Cryptocurrency is subject to Market Risk. Past performance is not a…