Digital Asset Inflows Hit $117M Last Week, Largest in Six Months
Digital-asset products saw inflows totaling $117 million last week, according to the crypto investment firm CoinShares. This marks the largest inflow recorded since July 2022.
Millionaires Flock to Crypto: 82% Sought Investment Advice in 2022
Despite a challenging year for crypto, 82% of millionaire clients had looked into investing in digital assets such as Bitcoin in 2022, according to a recent poll conducted by financial advisory firm deVere Group. The poll results, released on Jan. 30, found that eight out of 10 of the firm's high net worth (HNW) clients surveyed with between $1.2 million and $6.1 million of investable assets sought advice on crypto from financial advisers in the last 12 months. Previous years’ studies from the firm have shown a trend of increasing interest in crypto investments from wealthy investors. (Cointelegraph)
Bitcoin Falls in Broad Crypto Pull Back Ahead of U.S. Fed Meeting on Interest Rates
Bitcoin fell along with Ether and all other top 10 non-stablecoin cryptocurrencies in Tuesday morning trading in Asia, wiping out most of Monday’s gains. Cryptocurrencies followed the decline in U.S. equity markets overnight as traders looked to be taking profits ahead of this week’s Federal Reserve meeting on rates and a raft of technology earnings. Solana led the losers. Dogecoin pared its losses on reports Twitter Inc. boss Elon Musk is looking to add payment systems to the social media platform and he is a known fan of the token. Also, U.S. equities fell Monday. The Dow Jones Industrial Average dipped 0.8% and the S&P 500 Index lost 1.3%. The Nasdaq Composite Index dropped 2% for its worst day of trading in five weeks. (forkast)
Crypto Security Startup Hypernative Raises $9 Million Seed Round
Crypto companies such as Alchemy, Blockdaemon and Nexo backed crypto security firm Hypernative in a $9 million seed round.
Crypto Predictions for 2023
Overall, I think 2023 will be a year of recovery. The last year gave we suffered some pretty large wounds in the industry, some that set the entire market back quite a bit. It will take time to recover from it, but we will see better days.
Singapore Financial Watchdog’s Chairman Questions if Regulating Crypto Legitimizes Speculation
Chairman of the Monetary Authority of Singapore (MAS), Tharman Shanmugaratnam, spoke at the WEF23 and stated a controversial take on crypto regulations and questioned if regulating crypto could legitimize speculation, VulcanPost reported.
Philippines Securities Regulator Seeks Comment on Draft Crypto Rules
The Securities and Exchange Commission of the Philippines is consulting the public on draft enforcement rules targeting crypto under a broad consumer protections law.
Celsius Faces Backlash After Unveiling Dull Recovery Plan To Exit Bankruptcy
Amid the ongoing bankruptcy hearing, the now-collapsed crypto lender Celsius Network has unveiled a plan to exit the process by rebranding it into a publicly traded recovery corporation.
South Korea to Start Tracking Crypto Transactions in Bid to Crack Down on Money Laundering
South Korea’s Ministry of Justice plans to start tracking crypto transactions as it looks to crack down on money laundering, it said in a task report published Thursday.
Understanding Bollinger Bands & How it Works For Crypto Trading
Bollinger bands are a primary charting tool to get the big picture — and the best timing indicator to filter out “false” signals in the crypto market.
