Institutional Investors Seek Safe Haven In Crypto Products Amid Market Uncertainty

institutional-investors-seek-safe-haven-in-crypto-products-amid-market-uncertainty

Institutional investors have been a big part of the crypto market ever since they started investing in the market. Just like every other investors, institutional investors are not immune from the wild price fluctuations that characterizes the crypto market. This has resulted in big money looking for safe havens to move their money into while … Read more

Low inflation or bust: Analysts say the Fed has no choice but to continue raising rates

low-inflation-or-bust:-analysts-say-the-fed-has-no-choice-but-to-continue-raising-rates

The Federal Reserve’s steady interest rate hikes have put stocks and crypto into bear market territory, but analysts worry about what happens if inflation still remains out of the “target range.” As economic conditions continue to worsen, financial experts worldwide are increasingly placing the blame at the feet of the United States Federal Reserve after … Read more

ECB: One in ten households in eurozone population centers now own cryptocurrency

ecb:-one-in-ten-households-in-eurozone-population-centers-now-own-cryptocurrency

The survey took place in the EU’s major economic areas such as France, Germany, Italy, Spain, Belgium, and the Netherlands. On Tuesday, the European Central Bank, or ECB, published the results of a new survey conducted in six eurozone areas; the Netherlands, Spain, Italy, Belgium, France, and Germany. Together, approximately 10% of respondents from the … Read more

Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) price

assuming-bitcoin-plays-nice,-higher-timeframe-analysis-points-to-$90-solana-(sol)-price

Solana continues to consolidate near the critical $50 price range, while bulls have begun to flirt with the idea of a possible upswing. Solana (SOL) price has begun to consolidate in a tightening range and if the wider market remains stable, it’s possible that SOL could break out in the short-term. SOL’s upside potential in … Read more

Crypto funds under management drop to a low not seen since July 2021

crypto-funds-under-management-drop-to-a-low-not-seen-since-july-2021

Outflows from digital asset funds reached $141 million last week, a figure not seen since July 2021. Digital asset investment products saw $141 million in outflows during the week ending on May 20, a move which reduced the total assets under management (AUM) by institutional funds down to $38 billion, the lowest level since July … Read more

Central African Republic to launch official crypto hub ‘Sango’

central-african-republic-to-launch-official-crypto-hub-‘sango’

The Central African Republic prepares to launch its first major crypto hub shortly after the National Assembly adopted Bitcoin as legal tender. Shortly after approving Bitcoin (BTC) as legal tender in the Central African Republic (CAR), the local government is moving to provide the digital currency infrastructure. CAR President Faustin-Archange Touadera took to Twitter on … Read more

Fed report finds most Americans who own crypto tend to be high income hodlers

fed-report-finds-most-americans-who-own-crypto-tend-to-be-high-income-hodlers

Only 12% of American adults used crypto in 2021, and the demographic gap between those who invested in it and those who used it in transactions was enormous. The United States Federal Reserve Board has included data on cryptocurrency in its new Economic Well-Being of U.S. Households in the 2021 report. The Fed’s ninth annual … Read more

fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher

fusd-stablecoin-launch-and-rumors-of-cronje’s-return-send-fantom-(ftm)-price-higher

FTM price recovers from its May 12 low after the launch of the fUSD stablecoin and the possible return of Andre Cronje. After a strong 2,000% rally in early 2021, Fantom (FTM) price collapsed alongside multiple altcoins and even though the blockchain has an impressive capability, it has yet to find mass adoption due to … Read more

GameStop unveils beta cryptocurrency wallet and upcoming NFT platform

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GameStop launches an Ethereum-powered self-custodial wallet that is set to integrate with an upcoming NFT marketplace. American electronics retail firm GameStop has taken a step into the world of cryptocurrencies, unveiling a proprietary blockchain wallet that will feature nonfungible token functionality. The GameStop Wallet will allow gamers to acquire, send and store Ether (ETH), ERC-20 … Read more

Crypto inheritance: Are HODLers doomed to rely on centralized options?

crypto-inheritance:-are-hodlers-doomed-to-rely-on-centralized-options?

Are crypto inheritance solutions a centralizing force? To some, yes, but to others, decentralized solutions are out there. Self-sovereignty is a core principle in the cryptocurrency space: Investors need to rely on a trustless, decentralized network instead of a central entity that has been known to devalue the holdings of others. One shortcoming associated with … Read more