Tag: Investors

Bit Mining Secures $9.3 Million Registered Direct Offering From Institutional Investors – Mining Bitcoin News

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Bit Mining Limited has announced that it has entered a $9.3 million registered direct offering with specific institutional investors. Bit Mining explained that it aims to use the funds from the offering to expand infrastructure and invest in new mining machines. Bit Mining to Use Fresh Capital for Expansion, Mining Rigs, and Improving the Firm’s Working Capital Position The cryptocurrency mining operation Bit Mining Limited (NYSE: BTCM) has announced that it has entered a securities purchase agreement with institutional investors. Bit Mining operates crypto mining facilities, a mining pool, and…

Blue chip NFT performance fails recovery, but investors HODL even harder

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The market performance of blue chip nonfungible tokens (NFTs), often considered a good long-term investment, revisited its all-time low range for the second time since June 2022 — falling down below 10,000 Ether (ETH) in the blue-chip index maintained by NFTGo. Blue chip NFTs marked their best performance not too long ago, on April 29, amounting to nearly 14,900 ETH. However, June 13 was the worst performing day in blue chip NFT history when the index fell down to 9,331 ETH — primarily driven by a floor price adjustment in…

Indian Finance Minister Asks Crypto Investors to Exercise Caution as Authorities Investigate Exchanges – Regulation Bitcoin News

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India’s finance minister has cautioned investors about cryptocurrency as the country’s Enforcement Directorate (ED) investigates a number of crypto exchanges and freezes the assets of some trading platforms. Indian Finance Minister Cautions About Crypto Indian Finance Minister Nirmala Sitharaman reportedly warned about cryptocurrency Saturday at an event organized by the BJP Economic Cell. She cautioned the public and entrepreneurs that cryptocurrency is not currency, stating: The government has already warned. I think all of us will have to share our thoughts and move with a bit of caution on this.…

Ethereum Hits New Milestone, Investors Accumulate Ahead Of Merge

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The Ethereum deposit staking contract has seen increased interest since developers announced that the Merge is likely to happen next month in September. This move to proof of stake will see miners be flushed out in favor of validators who earn rewards for staking their ETH, and more investors want to take advantage of this. This has seen Ethereum hit new milestones, while the most recent one has to do with the amount of ETH staked. Staked ETH Crosses 13.3 Million Staked ETH on the Ethereum network has now reached…

Institutional Investors Are Increasingly Using Crypto Options Trading to Hedge Their Bets in Bear Market

By comparison, traditional options trading of stocks accounts for 20% of the market cap of the S&P 500 at the Chicago Board Options Exchange (CBOE), EDG said. “When you think of all the other [S&P 500]-like products including [exchange-traded funds], SP Minis, etc., you can see that bitcoin options have multifold growth ahead of it,” EDG’s quant developer, Marcin Maksymiuk, told CoinDesk. Source

Axie Infinity Under Bearish Grip, But AXS Investors Still Optimistic

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Axie Infinity (AXS) price has nosedived following a surprise entry by the bears as seen in the daily price chart.  AXS hovering above both the 20- and 50-day EMA Axie Infinity price dropped as the bears slammed investors shut after going all-in with the recent uptick. The AXS/BTC pair has nosedived by 1.66% or at 0.0007748 BTC If the bears can maintain this momentum, the bulls’ effort to recover will be put in vain. Now, to agitate and defeat the bears, the token will need to attract more buyers plus…

New Findings Shows Institutional Investors Take More Interest In Ethereum

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As the launching of the long-awaited Ethereum upgrade, Merge, approaches, there’s a spike in institutional investment. Ethereum products are receiving more attention from big-shot investors. Though there is no stated period for the Merge, most developers anticipate the upgrade by September 19. However, most Ethereum derivatives are getting more investment deals as the final phase details are revealed. James Butterfill, the Head of Research of CoinShares, stated that investors’ sentiment for Ethereum products is changing. Butterfill made this known in the latest edition of Digital Asset Fund Flows Weekly Report.…

ASIC chair troubled by sheer amount of ‘risk-taking’ crypto investors

The chief of Australia’s financial services regulator Joe Longo has raised the alarm over the sheer amount of people that invested in “unregulated, volatile” crypto assets during the pandemic.  Longo, chairman of the Australian Securities and Investments Commission (ASIC) made the comments in an Aug. 11 media release for its research conducted in November 2021, which looked into investment behavior following the onset of t COVID-19 pandemic, stating:  “We are concerned about the number of people surveyed who reported investing in unregulated, volatile crypto-asset products” The survey found that crypto was…