Cryptocurrency Analysis and News Portal
A recent survey sponsored by the Nasdaq-listed crypto exchange Coinbase shows that institutional investors increased their allocations during the crypto winter. The firm emphasized that there is “a strong signal of the acceptance of crypto as an asset class” and “the price outlook over the long term remains positive.” Coinbase’s Institutional
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The crypto market is undergoing one of its lowest cycles since the turn of the year. Some crypto forecasts predicted a more positive outlook for the crypto market for November. However, events changed things negatively. The U.S. Federal Reserve (Fed) held onto the rates hike, and FTX’s collapse further plunged the
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sponsored For most retail investors, trading has traditionally been a solitary exercise, making the barrier to entry relatively high. Information regarding trading instruments and market conditions can often be hard to come by or, at other times, too complex for beginners to grasp. Here at Bitget, the organisation is determined
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"We've begun discussions with potential investors and our largest creditors and borrowers, including Gemini and DCG," Genesis' interim CEO Derar Islim said in a memo sent to customers. "We expect to expand these conversations in the coming days," noting that Moelis was hired to fast track these talks. Source
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Changpeng Zhao, chief executive officer of crypto exchange Binance, has denied a report claiming he met with investors in Abu Dhabi in an effort to raise cash for the company’s crypto recovery fund.According to a Nov. 22 report from Bloomberg, CZ and others affiliated with Binance discussed raising cash for
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Binance plans to start a recovery fund to help projects with strong fundamentals, but suffering from a liquidity crisis. Original Source
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A faked video of Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, has circulated on Twitter attempting to scam investors affected by the exchange’s bankruptcy.Created using programs to emulate Bankman-Fried’s likeness and voice, the poorly made “deepfake” video attempts to direct users to a malicious site under the promise
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Short investment products, which bet on the price of an asset to drop, accounted for 75% of all inflows, a report by digital asset investment and trading group CoinShares found. Inflows for bitcoin (BTC) totaled $14 million, but considering the popularity of short-term investment vehicles, net flows added up to
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The largest Bitcoin (BTC) institutional investment vehicle is coming under suspicion as it trades at a record discount.The Grayscale Bitcoin Trust (GBTC) is the latest Bitcoin industry entity to feel the heat from the debacle over defunct exchange FTX.FTX woes see Coinbase pledge trust in GBTC ownerWith contagion and fears
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The Singapore Police Force has warned investors to be weary of fake websites claiming they can help them recover funds from the now-bankrupt cryptocurrency exchange FTX. On Nov. 19, the police issued a warning about a website claiming to be hosted by the United States Department of Justice that prompts FTX
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