Tag: Investors

Majority Of Ethereum Investors Maintain Profitability Despite Decline Below $1,700

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Profitability in digital assets such as Ethereum is important to investors in the space. With the decline following the bull market, a good number of ETH investors have seen the profitability of their holdings decline significantly. It had fallen below 50% when the price of ETH had broken below $1,000 last month. However, with the recovery at the beginning of August, Ethereum had rallied as high as $2,000, and now the majority are back in profit. 56% Of Investors In Profit The price of ETH had been rejected at the…

India’s Central Bank Governor Warns Crypto Market May Crash and Small Investors Will Lose Money – Markets and Prices Bitcoin News

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RBI Governor Shaktikanta Das has warned that the crypto market may crash and small investors will lose money. He added that the central bank believes that its warnings have deterred many people from investing in cryptocurrencies. RBI Governor’s Crypto Warnings The governor of the Indian central bank, the Reserve Bank of India (RBI), Shaktikanta Das, warned about investing in cryptocurrency in an interview with ET Now earlier this week. Noting that the RBI has cautioned investors on several occasions about the risks of investing in crypto, Das said: “I’m happy…

Largest Southeast Asian Bank DBS Sees Crypto Trading Volumes Soar as Investors Bought the Dip – Exchanges Bitcoin News

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DBS, the largest bank in Southeast Asia, says that it has benefited from the recent crypto market sell-off. The trading volume of its crypto exchange nearly doubled in July, compared to April. The quantity of bitcoin bought on its exchange grew nearly four times during that time period. DBS Crypto Customers Bought the Dip DBS, the largest bank in Southeast Asia by assets, announced Monday that DBS Digital Exchange (Ddex) has benefited as crypto investors sought safety amid market volatility. DBS, headquartered and listed in Singapore, has a presence in…

FDIC–FTX spat is another reason for investors to get their funds off exchanges

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Searching for more evidence that self-custody of your cryptocurrency holdings beats a centralized manager? Look to the latest action by the Federal Deposit Insurance Corporation (FDIC). The agency sent a letter to FTX Exchange this month — along with four other entities — that included a cease-and-desist order for “false and misleading statements.” Namely, it accused the exchange of falsely implying that user funds were FDIC-insured. It could have turned into an ugly situation if customers expected — but did not receive — a certain level of protection in the…

Bitcoin Trades Sideways, Investors Await Any Fed Interest Rate Signals; IMF Sees Growing Link Between Crypto and Asian Stocks

But Katie Talati, head of research at crypto asset manager Arca, was cautiously optimistic, highlighting the energy efficiency and other improvements resulting from The Merge in comments to CoinDesk TV’s First Mover program. “From a technological standpoint, this is as advanced and as significant as it gets,” Talati said, adding: “We’re potentially going to have a much lower emission of Ethereum, but then also the benefit like the potential for anybody who is a validator or node on the network to earn part of that staking yield.” Source

Indian Police Search for Bitconnect Founder After the US Indicted Him for Defrauding Crypto Investors – Regulation Bitcoin News

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The Indian police have launched an investigation into Bitconnect and booked its founder after a bitcoin investor reported being defrauded by the global crypto “Ponzi scheme.” According to U.S. authorities, the scheme reached a market capitalization of $3.4 billion at its peak. The founder and his co-conspirators allegedly obtained about $2.4 billion from investors. Bitconnect’s Founder Wanted by Indian Police The founder of Bitconnect, one of the most famous fraudulent cryptocurrency investment schemes, is wanted by the Indian police in the city of Pune, Maharashtra, after the U.S. indicted him…

MMORPG went into ‘hiatus’ after crypto investors bailed, denies it misused funds

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Phat Loop Studios, the company under fire last week for abandoning its Kickstarter and crypto-funded MMORPG game Untamed Isles, is now denying accusations that they lost their backers’ funds investing in crypto. The company came under fire last week after announcing a “hiatus” of their Pokemon-like open-world video game, with some the community accusing the developers of spending game development funds to bet on the crypto markets. In a statement on Wednesday, the developers behind the project, which raised over $841,000 NZD ($525,000 USD) on Kickstarter, insisted that all funds…

Crypto Exchange Gemini Introduces Staking Support for US Investors

“It’s now more clear than ever that people are interested in staking, especially now that we’re on the cusp of the Ethereum Merge,” Amjadi told CoinDesk. “With Ethereum being a staking option for them on Gemini soon and after the Merge, and with there being more liquidity and higher yields, staking is becoming more and more appealing for people.” Source

3 strategies investors might use to trade the upcoming Ethereum Merge

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The Ethereum network’s long-awaited transition from proof-of-work to proof-of-stake is set to occur from Sept 15 to 16 and for the last year, traders and analysts have been discussing various outcomes for the upgrade and possible trading strategies.  Let’s take a look at three options investors and traders have. Hodl ETH to earn the expected “hardfork” token The first strategy is relatively simple. Traders can simply buy Ether (ETH) in the spot market and hold it in their exchange wallet, or whatever platform/wallet will support forked tokens, and wait for…