Tag: Investors

Bitcoin Stabilizes Above $36K as Investors Await Next Fed Meeting

“First Mover” hosts were joined by Marc Lopresti, managing director at The Strategic Funds, for an in-depth analysis on the crypto markets as cryptocurrencies suffer yet another sell-off. Since November, about $1.3 trillion has been wiped out in the total market cap. Plus, what could we expect from the Biden administration’s digital asset strategy that’s reportedly set to release next month? Nyca Partners Executive-in-Residence Matt Homer and CoinDesk Managing Editor for Global Policy & Regulation Nikhilesh De provided their insights. Then CoinDesk Executive Editor Marc Hochstein explained Privacy Week at…

Investors Put $14M Into Crypto Funds Last Week as Bitcoin Market Cratered

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As crypto traders suffered last week through the market’s worst stretch in months, investors in digital-asset funds appear to have bought the dip. Cryptocurrency funds brought in $14.4 million of new investor money during the seven days through Jan. 21, ending a streak of five straight weeks of outflows, according to a report Monday from the digital-asset manager CoinShares. The inflows came during the latter part of the week, “during a period of significant price weakness,” according to the report. “Investors, at current price levels, are seeing this as a…

Market Wrap: Cryptocurrencies Tumble as Global Investors Reduce Risk

The crypto market was in a sea of red on Friday as bitcoin, the world’s largest cryptocurrency by market capitalization, tumbled more than 10% over the past 24 hours. It appears that global investors have entered the year with a reduced appetite for risk, and so the correlations between speculative assets such as cryptocurrencies and equities have increased, which results in widespread losses. Bitcoin is down roughly 40% from its all-time high of almost $69,000, while the S&P 500 is down about 7% from its peak, compared with a 10%…

Crypto taxation could deter investors, says Thai ruling party MP

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Thailand’s Committee on Monetary Affairs, Finance, Financial Institutions and Financial Market conducted a virtual meeting to discuss various aspects of crypto taxation. The ruling party MP Watanya Wongopasi posted a summary of the discussion on her Facebook page and urged the Excise department to do their due diligence before imposing any tax on the crypto trading market. In the meeting, Paiboon Nalinthrangkurn, the chairman of the Federation of Thai Capital Market Organisations noted that a tax on stock trading and digital asset trading could decrease market liquidity by 40%. He…

FINRA Considering Changes to Crypto Regulations to Better Protect Investors: Report

The CEO of the Financial Industry Regulatory Authority (FINRA) said the self-regulatory body will look at potential changes to crypto regulations this year as crypto adoption grows, Barron’s reported, citing a virtual conversation with Securities Industry and Financial Markets Association (SIFMA) CEO Kenneth Bentsen Jr. on Wednesday. CEO Robert Cook said FINRA isn’t looking at making wholesale changes to current rules, but instead is planning to issue “an early-stage, concept release type of notice,” especially in the context of advertising and disclosure. “We’re not looking to regulate or fundamentally change…

AMC investors get tokens, Naomi Osaka NFTs, Guy Oseary to represent World of Women

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AMC shareholders gifted free NFT The AMC movie theater chain dropped NFTs to all AMC shareholders on Tuesday. As part of the reward, AMC CEO Adam Aron tweeted that the NFT and a WAX wallet in which to hold it will be free to claim for up to a year. Emails detailing how to claim your AMC Investor Connect “I Own AMC” NFT will be sent next week on Jan 18, to all in the U.S. and globally who enrolled by 12/31/21. The NFT and a WAX wallet for up…

Gold Miner Says Investors Prefer Hedging Against Inflation With Gold, Not Crypto – Economics Bitcoin News

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The CEO of a Canada-headquartered gold mining company, Mark Bristow, has insisted that gold currently has little downside risk. He also highlighted the precious nature of the metal and how it is a better alternative store of value than cryptocurrencies. Better Inflation Hedge Mark Bristow, the CEO of Canada-based Barrick Gold Corp., recently argued that gold has little downside risk and investors seeking to hedge against inflation will pick the precious metal over cryptocurrencies, a report has said. The CEO made these comments despite some analysts predicting that the precious…

UK Financial Regulator to Limit Crypto Ads to Sophisticated, Wealthy Investors

The U.K.’s financial services regulator plans to tighten restrictions crypto-asset advertising after the government gives it increased power to regulate the industry and protect investors who may not fully understand the risks they are taking on. The Financial Conduct Authority (FCA) said it plans to classify crypto assets such that consumers would be able to respond to promotions only if they are high net worth or sophisticated investors. It also intends to ban incentives such as refer-a-friend and new-joiner rewards. “Too many people are being led to invest in products…

First Mover Asia: Fed Tightening, Economic Woes Continue to Spook Crypto Investors

Good morning. Here’s what’s happening: Market moves: Bitcoin and ether go down and then up; altcoin prices are mixed. Technician’s take: BTC appears oversold into the Asia trading day, but upside remains limited. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $42,463 +0.8% Ether (ETH): $3,166 -1.3% Top gainers Asset Ticker Returns Sector Cardano ADA +9.1% Smart Contract Platform Litecoin LTC +4.0% Currency Top losers Asset Ticker Returns Sector Cosmos ATOM −7.9% Smart Contract Platform Chainlink LINK −7.2% Computing…

Morpheus.Network hits roadmap targets, attracting investors focused on fundamentals

The global supply chain has become an area of intense focus over the past couple of years and pressures from the pandemic and backlogged ports have led to a massive range of shortages for everyday items.  One protocol that is focusing on optimizing supply chain management and building strength based on data from Cointelegraph Markets Pro is Morpheus.Network (MNW), a supply chain software-as-a-service middleware provider designed to integrate legacy systems with emerging technologies. VORTECS™ scoreboard leaders. Source: Cointelegraph Markets Pro According to data from Cointelegraph Markets Pro, market conditions for…