Tag: Investors

spot Bitcoin ETF seen as ultimate endorsement for institutional investors

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Cathie Wood believes the SEC’s decision on spot Bitcoin ETFs may significantly impact institutional crypto adoption. Wood views this imminent approval as a pivotal moment, suggesting that such approval could be the “final seal of approval” for institutions considering crypto investments. In collaboration with 21Shares, ARK Invest awaits a decision on their ARK 21Shares Bitcoin ETF (ARKB) proposal, with a ruling expected by Jan. 10. The SEC’s previous approval of Bitcoin futures ETFs in October 2021 was seen as a cautious yet progressive step despite concerns about counterparty risks compared…

IBM Unveils Offline Crypto Storage for Institutional Investors Seeking Top-Notch On-chain Security

The IBM Hyper Protect Offline Signing Orchestrator has been tapped by Ripple Labs-backed Metaco to provide secure crypto storage. International Business Machines Corporation (NYSE: IBM), a leading software and consulting information technology company with much focus on cloud computing, has been working on its way to the web3 space through its vast infrastructure. Notably, IBM unveiled the Hyper Protect Offline Signing Orchestrator that allows crypto investors to transfer assets from their cold storage wallet seamlessly with utmost security. In a recent demonstration video, IBM showed how Bitcoin sender can automate…

New Jersey bill would make crypto sold to institutional investors a security

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The New Jersey General Assembly may consider a bill that would decide when a digital asset or “virtual currency’ is a security under state law.  All virtual currencies issued and sold to institutional investors would be considered securities in the U.S. state of New Jersey under the bill introduced by Democratic Assemblymember Herb Conaway, Jr. on Nov. 29. According to the short text of the bill, the legislation would supplement the New Jersey Uniform Securities Law, which currently makes no mention of virtual or digital currency or cryptocurrency. The bill…

Heavyweight Investors Pile Into Cardano, What’s Next?

Cardano (ADA) has recently caught the attention of large-scale investors, also known as ‘whales.’ Crypto analyst Ali, leveraging on-chain data, has observed a significant uptick in large ADA transactions, typically over $100,000, in the past three months. Ali noted that this growing trend suggests a heightened interest from institutional players and high-net-worth individuals in ADA. The analyst further disclosed that such whale activities have often been precursors of imminent price movements. #Cardano | In the last three months, there’s been a significant increase in $ADA transactions over $100,000, reaching new…

ByBit sees BTC, ETH ‘flight’ of institutional investors to stablecoins

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The cryptocurrency exchange ByBit released its 4th quarter report on Dec. 4, highlighting and comparing trends between its institutional and retail investors.  The report found that institutional traders had some 45% of their assets in stablecoins, with the remaining split 35% in Bitcoin (BTC), 15% in Ether (ETH) and only 5% in altcoins, which the exchange categorizes as anything other than the aforementioned digital assets. The survey suggests that the “flight” to “safer assets,” like stablecoins, in a bear market “might explain this risk-averse asset allocation from traders.” Nonetheless, institutional…

Ethereum Breaches $2,200, Investors Expect $3,000 This Week

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The price of Ethereum (ETH) has risen sharply today, hitting a new 2023 high of $2,250 as the cryptocurrency market continued to trend higher toward a successful year-end. The recent strong upward trend in Ethereum aligns with Bitcoin’s continuous attempt to break above $41,000, which it did today. As of the time of writing, the price of bitcoin was $41.437. Analysts say the approval of a BlackRock spot ether instrument would result in an influx of institutional capital into Ethereum, the second-largest cryptocurrency network globally. Ethereum’s Price Surge The most…

BTC, ETH, NuggetRush are on investors’ watch list

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin price is set for a significant increase as halving approaches and approval for spot BTC ETF nears. Ethereum remains green on the chart, rising 13% in the past month. NuggetRush presale surges as investors clear out round 2, seeking better investment returns. Investors are constantly seeking to diversify their portfolios to amass profits. Tokens on most-watched cryptocurrency lists offer different opportunities, some better for the short term and others…

Crypto investors are falling into a trap: analyst

In a recent video, the analyst behind the popular Crypto Banter channel warned viewers that crypto investors are currently falling for “one of the biggest traps ever.” However, he also outlined a scenario in which Bitcoin could be on the cusp of a major breakout. It’s the oldest trick in the book. […] I’m gonna outline why you should not fall for that trap and how you can identify what it may look like. The potential trap relates to the relative strength index (RSI), a technical indicator that measures the…

5 crypto presales investors can explore in 2024

As crypto gears up for what experts expect to be a bullish 2024, pinpointing potent projects can be daunting. This article highlights five cryptos investors can look at next year. Ranking is based on factors such as use cases, market trends, tokenomics, and expert opinions. Meme Kombat Meme Kombat combines meme coins with GambleFi, allowing users to bet on AI-generated battles featuring popular meme characters like PEPE and Dogecoin (DOGE).  MK is the platform’s native token. Additionally, Meme Kombat has a staking mechanism where users can lock their tokens for rewards.  The…

8 micro and low market cap cryptos investors can consider in 2024

With over 10,000 cryptocurrencies, finding potential hidden gems poses a significant challenge. However, a select few micro and low market cap cryptos have recently shown impressive development activity that may support growth in 2024. This article will analyze eight low cap cryptos whose fundamentals and utility appear solid. 1. Bitcoin ETF Token (BTCETF) Bitcoin ETF Token aims to capitalize on the excitement surrounding the approval of a spot Bitcoin ETF in the United States. It has a deflationary model, with milestone token burns tied to ETF progress. For example, 5%…