Tag: Investors

Crypto Investors Are Adherents of the Greater Fool Theory – Emerging Markets Bitcoin News

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The incoming governor of the Philippine central bank, Felipe Medalla, has suggested that people that invest in cryptocurrencies like bitcoin are adherents of the Greater Fool Theory. He also argued that people investing in cryptocurrencies are doing so because they want to “hide their money from the government.” A ‘Very Scary’ Investment Strategy The new governor of Bangko Sentral ng Pilipinas (BSP), Felipe Medalla, has claimed that bitcoin investors only buy the cryptocurrency because they are convinced that someone else will buy the same digital asset at a higher price.…

Zignaly’s DAO Expands Web3 Investment Opportunities to Further Empower Investors

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Zignaly, a pioneer in social investment and advocate for blockchain composability, is constantly working to further improve its platform. The project regularly adds new and innovative features to empower all investors, regardless of skill level, to have equal access to expert-managed, passive investing tools and capabilities. Last month, the project announced the development of its comprehensive digital asset bridge, aptly labelled “The Bridge“, which makes trading and transferring digital assets from one chain to another as simple as possible. This month, the project is continuing its efforts to level the…

Class-Action Lawsuit Accuses Terraform Labs of Misleading Investors – Bitcoin News

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Following the Terra stablecoin depegging incident, a class-action lawsuit has been filed against the company Terraform Labs and a number of other crypto companies over the collapse of terrausd (UST). The case against Terraform Labs (TFL) was filed by the plaintiff Nick Patterson on behalf of others similarly situated and the law firm Scott+Scott LLP. A Class-Action Lawsuit Has Been Filed Against TFL and Affiliated Firms — Plaintiffs Claim Terra-Based Tokens Were Unregistered Securities According to recently filed documents in the U.S. District Court in Northern California, Terraform Labs is…

7.6 Million South Africans Are Crypto Investors, Social Media Main Source of Crypto-Related Information – Emerging Markets Bitcoin News

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About 22% of South Africa’s adult population, or 7.6 million people, are cryptocurrency investors, findings by a study done by Kucoin cryptocurrency exchange have shown. According to the study, 72% of the respondents said they get information concerning particular crypto projects via social media. Influencers and media personalities were also found to be key opinion leaders that are promoting cryptocurrencies. Influencers and Media Personalities Found to Be Key Opinion Leaders According to the findings of a new Kucoin study, about 22% of South Africa’s adult population aged between 18 and…

Bitcoin Crash Sends Institutional Investors Running For The Hills

Small and retail investors are not the only ones getting hit hard by the Bitcoin crash. Institutional investors are also feeling the heat of the market crash. This has sent the institutional investors running as inflows had halted for the last week. Outflows from crypto and blockchain-related investments grew steadily over the course of the weeks, totaling more than $100. million. Institutional Investors Stay Away The institutional outflows for last week have been concerning for crypto investors but in no way surprising. With the emergence of the ‘crypto winter’, it…

Exchange Inflows Ramp Up As Crypto Investors Clamor To Exit Market

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With the crypto market’s decline, there have been a number of things that have changed drastically in the space. Mostly, investors have been rushing to get out of the market before the crash takes more of their funds. What this has led to has been a significant increase in the number of cryptocurrencies that are flowing to exchanges. Most notably have been Bitcoin and Ethereum, whose daily exchange inflows have touched billions of dollars. Billions In Crypto To Exchanges The data for the last 24 hours shows that the amount…

Binance resumes withdrawals as many retail crypto investors monitor exchanges

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Many social media users seem to be waiting for other crypto exchanges including Coinbase and Kraken to follow in Binance’s and Celsius’ footsteps by suspending withdrawals. Major crypto exchange Binance has announced that it had resumed Bitcoin withdrawals after more than three hours amid extreme market volatility.  In an update during what many are calling cryptocurrency’s ‘Black Monday’, Binance said on its website the exchange would be processing Bitcoin (BTC) network withdrawals within “the next couple of hours” following the resumption of activity. The platform announced Monday that it had…

Binance.US Accused of Misleading Investors in Class Action Lawsuit Over Terra

The suit, which was filled by U.S.-based law firm Roche Freedman LLP, alleges that Binance.US marketed Terra’s dollar-based UST as more stable than it actually was. According to the suit, when UST and its sister token Luna classic (LUNC) crashed to zero in May, thousands of unsuspecting retail investors were caught completely off guard. Misleading advertising is what the suit says is to blame for those losses. Source