Tag: Investors

Crypto investors cool on Bitcoin funds, turning to Ether and XRP

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Bitcoin-related investment products appear to have lost some of their sheen among crypto investors, recording its first week of outflows since Blackrock filed for spot Bitcoin ETF in June. According to a July 24 report by CoinShares’ head of research, James Butterfill, Bitcoin (BTC) investment products saw outflows of $13 million for the week ending July 21, reversing five weeks of inflows. Short Bitcoin products also saw outflows of $5.5 million in the week. Bitcoin Fear and Greed Index is 50 ~ NeutralCurrent price: $29,178 pic.twitter.com/T1DMFpsX9p — Bitcoin Fear and Greed…

Borroe and Injective bullish as investors examine potential

Borroe and Injective are increasingly being explored due to their approaches and potential to transform crypto. We should take a closer look at the latest advancements that have piqued the interest of investors and why these initiatives can be significant. Borroe’s ROE is set to rise by 25% Borroe is a platform that empowers web3 businesses to convert their future recurring income into non-fungible tokens (NFTs) for upfront cash.  Its mission is to create a funding engine for the web3 ecosystem. This concept allows businesses to access much-needed funds quickly and…

Solana’s Parrot Protocol submits proposal to go tokenless, investors risk face -89% returns

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A recent proposal from Parrot Protocol’s team, a Solana-based liquidity network, has sparked controversy among its community members. The proposal, up for vote until July 27, calls for the redemption of its PRT tokens for liquid treasury value, and the transition to a no-token protocol. Based on the proposal, the PRT redemption price was established at $0.0045 per token. According to data from CryptoRank, the protocol raised over $89 million since its inception in 2021, with a current return on investment (ROI) of -89% for investors in its Initial DEX…

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…