Tag: Investors

U.S. Government’s $1B Bitcoin Transfer Spooks Investors, Bitcoin Dips

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PeckShield published its findings on Twitter early Wednesday morning, and investors were quick to notice. In the hours after the report’s release, investors expressed their fears that authorities would sell the recovered bitcoin on the open market, potentially tanking the price of bitcoin, which has recovered from its two-year low of roughly $15,500 in November. The concerns caused bitcoin’s price to dip roughly 2%, pushing it below $22,000. Original

UK’s FCA Can’t Protect Crypto Investors From Losses, says Agency’s CEO

The country’s financial regulator, the FCA currently has powers to ensure crypto companies register and comply with anti-money laundering rules, but it doesn’t have the ability to protect consumers from any losses they might suffer. While the Financial Services and Markets Bill that’s currently under debate in parliament and is expected to become law in April will give the FCA more power to regulate crypto, consumer loss protection won’t be included. Source

US Sentences Man to 3 Years in Prison for Defrauding Investors in Crypto Mining Scheme – Bitcoin News

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A U.S. district judge has sentenced a man to three years in prison in a fraudulent cryptocurrency mining scheme. The defendant “misappropriated his victims’ money and failed to provide them with the miners and miner-hosting services they had purchased from him,” according to the U.S. Department of Justice (DOJ). Man Sentenced to Prison for Defrauding Investors in Crypto Mining Scheme The U.S. Department of Justice (DOJ) announced Thursday that Chester (Chet) Stojanovich has been sentenced to three years in prison “for defrauding purchasers of cryptocurrency miners and miner-hosting services.” He…

Bitcoin price stumbles amid investors’ aversion to risk assets, but there is a silver lining

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The U.S. stock market is approaching a crucial turning point as uncertainty over inflation rises after hotter-than-expected economic data released in February. Despite mounting investor worries, the economy is showing signs of resilience that could protect it against a significant downside move.  The escalating risk-off sentiment in the market is also creating volatility for Bitcoin (BTC). The leading crypto asset, which has had a strong correlation with the U.S. stock market, moved opposite to the stock market in February, with a correction between BTC and the Nasdaq turning negative for…

CoinEx Launches Auto-Invest Plan to Help Prudent Investors and Beginners Invest in Crypto With Ease – Press release Bitcoin News

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press release PRESS RELEASE. Crypto investors have access to a wide range of investment methods, including short-term and long-term trading, wealth management, and auto-invest, among others. As investors differ from each other in terms of risk appetite and expected return, it’s crucial to identify an investment strategy that suits one’s unique circumstances. For crypto beginners or prudent investors, “lazy” investment strategies such as auto-invest are always a good choice. So, what is auto-invest? Auto-invest is a process of automatically investing a fixed amount of money with regular cycles. This investment…

GBTC approval could return a ‘couple billion dollars’ to investors: Grayscale CEO

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Grayscale Investments CEO Michael Sonnenshein stated he “can’t imagine” why the United States Securities and Exchange Commission (SEC) “wouldn’t want” to protect Grayscale investors and return the true asset value to them, in a recent podcast interview. In an interview with What Bitcoin Did, a popular podcast hosted by Peter McCormack, on Feb. 25, Sonnenshein explained that the SEC “violated the administrative procedures act” by denying Grayscale Bitcoin Trust (GBTC) to be an approved spot Bitcoin (BTC) exchange-traded fund (ETF), in June 2022. He explained that this act ensures the…