Cardano experience the highest weekly inflows from institutional managers
Institutional inflows into Cardano (ADA) investment products rapidly increased last week amidst the sudden fall of Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies, highlighting the growth of proof-of-stake assets amid the latest wave of environmental FUD in the markets. Institutional investment managers bought $10 million worth of ADA products for the week ending May 24, […]
CHINA’S LATEST BITCOIN “BAN” IS AFFECTING MINING BUSINESSES
Last week, China banned financial institutions in the country from Bitcoin trading and that it will be cracking down on the mining businesses. Lots of Bitcoin platforms (this publication included) met the news with rolling eyes — China has historically “banned” its businesses from using Bitcoin many times with little impact and it’s also not technically possible […]
No record of 2013 double pump as no investors buy Bitcoin dip – Willy Woo
Bitcoin’s massive discount isn’t just attracting the whales or the big investors; people who have never held the virtual currency or new investors are also buying. On-chain metrics suggest Bitcoin’s (BTC) bull market is very much intact as so-called “no-coiners” buy the dip, according to popular cryptocurrency analyst Willy Woo. In a series of tweets […]
Huobi Suspends Trading in Some Countries
Seychelles-based cryptocurrency exchange Huobi has reportedly temporarily put an end to trading for new customers in some countries, raising questions about the regulatory scrutiny facing cryptocurrencies. Bitcoin as the leading cryptocurrency exchange is also reducing its services in mainland China amid fears of growing regulatory scrutiny. According to Bloomberg, Huobi is limiting these services in a handful […]
Large Bitcoin Investors aggressively accumulate 122.5K BTC amid latest market crisis
It appears some of Bitcoin’s most influential investors bought the dip during last week’s market mayhem. Large Bitcoin investors appear to be aggressively buying the dip amid the latest price correction, raising optimism that the coordinated selloff could be about to end. According, the analysis from Glassnode, Morgan Creek Digital’s Anthony Pompliano recently stated that […]