Tag: Investors

Bitcoin Cash uptrend wanes as Cardano holds firm, investors exploring Borroe

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied While Cardano supporters are bullish, recent withdrawals of Bitcoin Cash by whales could slow down their uptrend. Because of these concerns, some investors are exploring Borroe and examining the platform’s scalability and real-world utility. Whales withdraw $27.5 million of Bitcoin Cash In June, Bitcoin Cash rallied after the United States Securities and Exchange Commission (SEC) alleged that several altcoins were unregistered securities. However, over the last seven days, Bitcoin Cash has dropped by 11.19% and is currently trading…

Concerns about ApeCoin intensify as investors explore DigiToads and Monero

The bear market has taken a toll on many projects, especially those whose valuations were inflated by hype and easy liquidity during the quantitative easing era.  As the bear market comes to a close and the bull market emerges, investors must realize that not all top altcoins from the previous cycle will survive.  New crowdfunding efforts and decentralized finance (DeFi) projects constantly challenge the established hierarchy and have, so far this year, outperformed well-known players by a significant margin. One example is ApeCoin, which has suffered due to the declining…

Crypto investors in Canada face home theft risk, police say

Canadian police issued a public warning on July 19 regarding a concerning trend of high-value crypto investors falling victim to home robberies. The Royal Canadian Mounted Police (RCMP) in Richmond, located south of Vancouver, reported multiple incidents of similar nature over the past year. Staff sergeant Gene Hsieh from the Richmond RCMP major crime unit claimed that the criminals behind these robberies specifically target individuals known to be high-value cryptocurrency investors. The modus operandi of the thieves involves impersonating delivery drivers to gain access to the victims’ homes. Once inside,…

Crypto VC funding tumbles as economic uncertainty scares off investors

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The month of June closed out with a 29.73% decrease in venture capital investments, with just $779.32 million raised in 62 individual deals, according to data from the Cointelegraph Research Venture Capital Database. While the United States Federal Reserve halted interest rate hikes in June, the macroeconomic climate remains unchanged due to geopolitical uncertainties and continued efforts to tame inflation across the globe. As the data shows, investors remained cautious and in risk-off mode in June, with the growth trend of the previous three months coming to a halt. Purchase…

Canadian police warn crypto investors on growing home robbery trend

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A Canadian police department has issued a public warning of a possible trend where high-value cryptocurrency investors are being robbed in their own homes. On July 19, the Royal Canadian Mounted Police (RCMP) in Richmond, a city south of Vancouver, said several similar robberies involving cryptocurrency investors have occurred over the last 12 months. Staff Sergeant Gene Hsieh of the Richmond RCMP Major Crime Unit said someone is “targeting these victims for cryptocurrency” and believed a public warning was necessary for public safety. Richmond RCMP and Delta Police FOR IMMEDIATE…

US law protects institutions and exposes retail investors — Rep. Torres

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On July 13, 2023, United States District Court Judge Analisa Torres ruled that Ripple’s XRP (XRP) token should not be considered a security when sold on retail digital asset exchanges. Stuart Alderoty, chief legal officer at Ripple, told Cointelegraph that last week’s ruling makes it clear that the U.S. Securities and Exchange Commission’s (SEC) theory that a token can be an investment contract and, therefore, a security, no longer has support in the law. He said of the ruling: “That is not only a huge win for Ripple, but it’s…

Investors Pile Into Bitcoin ETPs Following BlackRock ETF Filing

Messaging platform Telegram issued $270 million in bonds this week to fund its growth until “we reach the break-even point,” CEO Pavel Durov announced Tuesday. The platform is not yet profitable and has rising expenses due to its “massive growth,” Durov said. It’s onboarding 2.5 million new users a day and earlier this year hit 800 million monthly active users. “I personally bought about a quarter of the new Telegram bonds, investing tens of millions into Telegram’s growth. This comes in addition to the hundreds of millions I spent over…

Crypto Investors Pour Record Amount in to Bitcoin (BTC) ETPs

New data from K33 Research shows the BTC-equivalent exposure of ETPs listed worldwide increased by 25,202 BTC ($757 million) to 196,824 BTC in four weeks to July 16. That’s the second-highest monthly net inflow, only surpassed by inflows seen following the launch of ProShares’ futures-based ETF and other futures-based ETFs in October 2021, according to K33 Research’s Vetle Lunde. Source