Tag: Investors

French investors increasingly prefer crypto over stocks, survey reveals

A new study reveals that more French investors own crypto than stocks and ETFs. The latest findings from a comprehensive survey shed light on the evolving investment habits of French individuals, highlighting a significant shift towards digital assets and alternative investment methods, particularly among the younger demographic. A notable trend is the rising interest in cryptocurrencies, with 9% of the populace owning digital currencies, surpassing those holding traditional stocks at 7% and ETFs with 2%. This surge in crypto investment signals a shift in the investment landscape, fueled partly by…

Bitcoin (BTC) Funds Hit All-Time High Crypto Holdings as 125% BTC Price Rally Entices Investors

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Speaking to CoinDesk earlier this week, Matt Hougan, Bitwise Asset Management’s Chief Investment Officer, suggested things have a long way to go before the spot ETF approval is priced in. Even with all the news hitting of late, it’s Hougan’s contention that the majority of financial advisors continue to believe a spot ETF isn’t coming until 2025 or later. Original

UK cryptocurrency scams jump 23%, young investors prime targets: Lloyds Bank

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One of the Big Four banks in the U.K., Lloyds Bank, has said that reports of cryptocurrency investment scams by victims have surged by 23% in the current year compared to the same period in 2022. According to a press release published by Lloyds Bank, an increasing number of investors face the threat of falling victim to fraudulent schemes through a wave of fake adverts posted on social media. Each victim of a cryptocurrency investment scam is losing an average of $13,115 (£10,741), an increase from $8,562 (£7,010) the previous…

Expert Reveals Why Investors Should Be Cautious

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In a recent development, a prominent figure in the XRP community has explained why members of the community should be careful about being so excited about a Ripple IPO. Using historical data, she elaborated on why an IPO isn’t as straightforward and profitable as some might think.  Why Investors Should Be Cautious In a post shared on her X (formerly Twitter) platform, Crypto Eri revealed how investors aren’t excited about IPOs in what sounded like a note of warning to those who are ready to go all in if Ripple…

FTX Exchange Restructuring Plan Narrows Down to Three Investors Led by Former NYSE President Tom Farley

After FTX scrutinized 75 bidders that were interested in restarting the distressed cryptocurrency exchange, only three firms, including Bullish, Figure Technologies, and Proof Group, have been chosen. The future of the bankrupt cryptocurrency exchange FTX Trading Ltd, popularly known as FTX, is expected to be decided before the end of this year according to the latest report. With the former FTX boss Sam Bankman-Fried (SBF) having been found guilty of all seven charges by a court jury, the FTX estate is more than ready to begin a new era. Moreover,…

FTX Restructuring Process Narrows Down to Three Shortlisted Investors

Part of the shortlisted investors that want to relaunch FTX includes Proof Group. After former FTX boss Sam Bankman-Fried (SBF) was found guilty of all the charges by a court jury last week, reports have emerged of shortlisted venture capital firms seeking to relaunch the former top-rated cryptocurrency exchange. According to Kevin Cofsky, a partner at Perella Weinberg, three investment firms have been shortlisted to take over FTX assets including the 9 million customers. Reportedly, a Silicon Valley-based firm Proof Group, which was part of the Fahrenheit consortium that won…

Four Reasons Why Investors Are Bullish On Chainlink

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Chainlink’s recent price surge of 63% has turned heads in the cryptocurrency community. This uptrend begs the question: what’s driving investor confidence in Chainlink? Let’s dive into four key reasons that might be contributing to this bullish trend. #1 Chainlink Dominance In The Oracle Space Oracles act as a bridge between blockchain networks and the external world, fetching data that decentralized applications (dApps) rely on to function. This data can vary widely, from cryptocurrency price feeds essential for decentralized financial (DeFi) platforms to weather information or the results of real-world…

Hong Kong to Let Retail Investors Gain Exposure to Crypto ETFs

Hong Kong’s top financial regulator SFC shows willingness to allow retail players to gain access to spot crypto ETFs while ensuring that risks are addressed properly. Hong Kong regulators are assessing whether they can allow retail investors to seek exposure to spot crypto ETFs that directly invest in crypto assets. Julia Leung, the Chief Executive Officer of the Securities and Futures Commission said that the city is considering granting retail investors access to spot ETFs, contingent upon the satisfaction of regulatory requirements. Leung said: “We welcome proposals using innovative technology…