Cryptocurrency investment funds recorded a sizable increase in inflows last week, signaling that institutional investors were still gaining exposure to digital assets despite extreme volatility in the market. Digital asset investment products registered $36 million in cumulative inflows for the week ending Sunday, according to CoinShares data. Regionally, new investments were heavily one-sided, with the
Based on data gathered by Cointelegraph, the amount of tracked crypto donations sent to the Ukrainian government, military, and charities has surpassed $37 million at the time of publication. These include Bitcoin (BTC), Ether (ETH), Tether (USDT), and other altcoins. The numbers are also based on tracked projects and do not account for items such
The CEO of the world’s largest movie exhibition company, AMC Entertainment, has announced that AMC Theatres will accept two meme cryptocurrencies, dogecoin (DOGE) and shiba inu (SHIB), in the coming weeks. Dogecoin and Shiba Inu Payments Coming to AMC Theatres in March The CEO of AMC Entertainment Holdings, Adam Aron, announced on Twitter Monday that
Even though Ether (ETH) price bounced over 20% from the $2,300 low on Feb. 22, derivatives data shows that investors are still cautious. To date, Ether’s price is down 24% for the year, and key overhead resistances lay ahead. Ethereum’s most pressing issue has been high network transaction fees and investors are increasingly worried that
Whenever Bitcoin (BTC) fails to break through important resistance levels, traders gain confidence and add to their altcoin positions. The logic is that, unless BTC drops significantly, these movements historically provide decent rewards for those shifting their portfolios toward higher risk. Bitcoin/USD at FTX. Source: TradingView In the past seven days, the aggregate market capitalization
Bitcoin (BTC) soared above $40,000 on Feb. 28 even though the S&P 500 remained soft. This suggests that the correlation between Bitcoin and the U.S. equity markets may be showing the first signs of decoupling. If bulls sustain the price above $38,500 till the end of the day, Bitcoin would avoid four successive months of
The U.S. Securities and Exchange Commission’s enforcement director has reportedly said cryptocurrency companies will not receive amnesty for reporting themselves for possible violations of securities laws. According to a Monday report from Reuters, the SEC director of the agency’s division of enforcement, Gurbir Grewal, said the agency may view crypto companies’ conduct “more favorably” if
It is unfortunate that the United States Securities and Exchange Commission has chosen to send a message to the crypto industry by extracting a huge $100 million settlement from the lending platform BlockFi in an administrative proceeding publicly announced on Feb. 14. It was quite a Valentine’s Day kiss — $50 million for the SEC
Gabe Newell, founder and CEO of Valve, a popular company in the PC gaming market, has revealed his take on crypto and NFTs when applied to games. In an interview with gaming media, Newell validated the NFT technology that makes it possible to create these digital representations. However, he also stated that the actors in
Bitcoin (BTC) is both the first and the most prominent cryptocurrency in the world when it comes to market capitalization as well as trading volume. These factors are quite significant, considering that all cryptocurrencies trade against Bitcoin and Bitcoin’s dominance can actually serve as a valuable indicator when trading all different types of cryptocurrencies. This
BNY Mellon, a major investment bank, is developing a digital asset custody platform that would allow institutional customers to gain crypto exposure. According to a report from City A.M., customers will be able to store the world’s most popular cryptocurrencies, Bitcoin (BTC) and Ether (ETH), in BNY Mellon crypto wallets which are powered by Fireblocks
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South Korea’s Ministry of ICT, Science, and Future Planning pledged 223.7 billion KRW ($186.7 million) to create a broad Metaverse ecosystem to support the growth of digital content and corporate growth within the country. The Ministry wrote in an official statement on Feb. 27 that funds will be spent on completing four main objectives in
In 1996, when the Nintendo 64 was first launched in the United States, it sold 1.6 million units (worth $200 each) in its first quarter. Its closest competitor for the holiday season was a $30 Tickle Me Elmo doll, which sold around a million units in the same window. More than 20 years later, when
The total value locked in decentralized finance (defi) has managed to jump above the $200 billion zone, as crypto markets have rebounded from the market downturn last week. A number of native assets from the $611 billion worth of smart contract protocols have seen double-digit gains with cypherium (CPH), counterparty (XCP), and terra (LUNA) leading
The geopolitical news flow is likely to result in volatile moves in Bitcoin (BTC) and altcoins in the next few days. News of Russian President Vladimir Putin ordering the nuclear deterrence forces on high alert may be viewed as a negative, but reports of talks between the warring nations could be positive as it raises
Bitcoin (BTC) faced down $40,000 on Feb. 27 as hopes for the weekly close hinged on avoiding a fourth red monthly candle in a row. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Tensions mount for TradFi markets open Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making several attempts to break out of the $30,000-$40,000
Mirror Protocol, a decentralized finance (DeFi) protocol built on the Terra blockchain, was hit by one of the biggest collapses in financial history this week after Vladimir Putin ordered military strikes against Ukraine. Terra tokens rally Mirror Protocol’s native token, MIR, dropped to $0.993 on Feb. 24, its worst level to date amid a selloff
Private banks in Mexico want to join efforts with the central bank of the country in the creation of a new digital currency. The president of the Mexican Bank Association (ABM) met with the governor of the Bank of Mexico to offer the help of the group of private banks for the creation of a
The European Commission announced to remove a number of Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging system, aimed at hindering Russia’s capacity to carry out cross-border payments. In a joint statement released by the European Commission, leaders from France, Germany, Italy, the United Kingdom, Canada, and the United States highlighted