Bitcoin exchange reserves are a good way to gauge investor sentiment in the market. It can show when investors are ready to sell, meaning that they believe the asset has hit an overvalued point. Likewise, it can show when investors are holding on to their bags and expecting the price of the digital asset to rally. The latter has been the norm going on four months now. Since August, bitcoin exchange reserves have been plummeting with no signs of stopping. This has shown investor sentiment to be in the positive…
Tag: Investors
Investors Expect Ethereum To Outgrow Bitcoin, According To CoinShares Survey
Investor interest in Ethereum is no longer a novel phenomenon. The second-largest asset by market cap has seen more support with the rise of decentralized finance on its ecosystem. Applications of Ethereum have been the major drive behind the growth of the cryptocurrency and institutional and individual investors alike see the asset outgrowing number 1 coin Bitcoin in the coming years. A recent CoinShares survey has echoed the sentiment that has been held by investors in the market for a while now. It showed that number of investors who believe…
Cardano Investors In Japan Come Under Fire For $6 Million In Underreported Taxes
Cardano investors in Japan have come under scrutiny after authorities reported that investors in the asset had underreported their taxes from their trading activities. It was reported that multiple cities in the country had seen profits from trading in Cardano’s native token ADA but had not reported the earnings made from investing in the digital asset. Authorities are now beginning to strengthen taxation laws around cryptocurrencies given that citizens have taken to using digital assets as a way to evade tax liabilities. Japanese citizens are investing more in cryptocurrencies and…
Bitcoin Inflows Shows Institutional Investors Are Back On The Bull Train
Bitcoin recovered above $50K on Tuesday following a rallying that pulled the market back into the green. October has so far been good for the digital asset and investors have begun to return again into the market amid recovering prices. On the investment front, inflows show that institutional interest in bitcoin is returning after inflows had fallen short of expectations in the previous weeks. Bitcoin Makes Up 76.6% Of Weekly Inflows A report published by CoinShares shows that bitcoin inflows had picked back up. Altcoins had been taking more market…
Blockchain.com Raises $300M from Private Investors Bringing Company’s Valuation to $5.2B
Blockchain.com funding was led by DST Global, Lightspeed Venture Partners and VY Capital. Blockchain.com, a global cryptocurrency exchange with other crypto-focused services, has raised $300 million from private investors bringing its market valuation to $5.2 billion according to Wall Street Journal. Notably, WSJ also noted that the Blockchain.com funding was led by DST Global, Lightspeed Venture Partners, and VY Capital. Blockchain.com was founded back in 2011 and has over time been involved in several fundings. Back in 2014, the company closed a $30.5 million fundraising round led by Lightspeed Venture…
BitClout Receives Cease-and-Desist Letter after Firm Raised Undisclosed Amount from 11 Investors
A law firm slammed BitClout with a Cease-and-Desist letter for using Brandon Curtis’s identity without consent. Controversial social network BitClout has received a cease-and-desist letter after the company conducted its financial round and added new investors. The legal warning addresses the alleged head of the social network Nadar Al-Naji for using the likeness of Brandon Curtis, the product lead at decentralized token exchange Rader Relay. BitClout Receives Cease-and-Desist Letter The law firm representing Curtis, Anderson Kill P.C. issued the cease-and-desist letter. The law firm said that Al-Naji breached California’s Civil…
JPMorgan: Institutional Investors Pumping Money Into Bitcoin Over Gold
Smart institutional money prefers bitcoin to gold. Bullish on Bitcoin In a research note published on Friday, JPMorgan analysts noted that an increasing number of institutional investors, including family offices, are considering looking at bitcoin as a legitimate alternative to gold. According to the note, JPMorgan analysts found that through October, Grayscale’s bitcoin trust witnessed strong cumulative inflows. At the same time, gold exchange-trade funds (ETFs) saw “modest outflows” since October. The analysts said, “This contrast lends support to the idea that some investors that previously invested in gold ETFs…
Many Investors Expect Bitcoin to Be Seriously Higher in One Month
Bitcoin has undergone a strong rally since the lows seen just two weeks ago. The leading cryptocurrency currently trades for $13,050, far above the aforementioned lows and above the medium-term lows set during the September correction at $9,800. Some have argued that the cryptocurrency is severely overbought. As reported by NewsBTC previously, one trader recently noted that the cryptocurrency’s one-day Fisher Transform indicator is currently at highs not seen since August, May, and February of this past year. As can be seen in the chart, each of the named periods…
Blockchain-secured land entices real estate investors
In the “real” world, real estate has historically been seen as a viable investment. Individuals and corporations usually purchase land and property either for development or to sell at a higher price in the future. With the world becoming increasingly digitized, it appears that the trend of ascribing significant value to land and property has been spreading to the virtual scene. At the intersection of emerging tech like virtual reality and blockchain, developers, investors and hobbyists alike are creating a vibrant virtual real estate market. While VR provides the tools…
US SEC upgrades ‘accredited investors,’ puts financial knowledge first
The United States Securities and Exchange Commission has made changes to its definition of who qualifies as an “accredited investor,” likely broadening the field of participants for future private equity offerings. According to the commission, this development is the result of years of internal discussions about better ways to balance requirements for investor protection with the need to make America’s investment landscape more inclusive. Given the SEC’s insistence on regulated crypto token sales, the news could have significant implications for future security token offerings and even widen the pool of…