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2021-07-07 11:04:05 NEWS ZAP

Survey: 40% of institutional crypto investors intend to buy a lot more


More than 80% of institutional investors polled that have already invested in digital assets expect to increase their exposure.

The survey, conducted by London-based crypto fund Nickel Digital Asset Management, revealed that 82% of the 100 investors and wealth managers polled expect to increase their exposure to digital assets between now and 2023.

Four out of ten, or 40%, stated that they will “dramatically increase their holdings” with just 7% stating that they intend to reduce their exposure, and only 1% planning to sell their entire holdings.

The survey revealed that the primary reason given for investing more in digital assets is the long-term capital growth prospects according to 58% of the respondents. Even with the massive market slump, BTC has still made 18% so far this year and Ethereum is up a whopping 215% since January 1.

A MasterCard survey in May revealed that four in ten people plan to Open / Comment

2021-07-06 23:40:22 Open / Comment

2021-07-06 23:40:21 BREAKING: Binance suspends euro bank transfers amid regulatory heat

Regulatory constraints facing Binance have forced the popular cryptocurrency exchange to temporarily halt bank transfers denominated in euros, according to an email sent to its customers on Tuesday.

Specifically, euro deposits via the Single Europe Payments Area, or SEPA, have been put on hold indefinitely due to circumstances beyond the exchange’s control.

The most recent decision came a day after British financial giant Barclays announced it would no longer facilitate customer payments to Binance after financial regulators warned users that the exchange was operating in the United Kingdom without proper licensing.

Despite facing backlash from the U.K., Japan, Canada and even the United States, Binance remains by far the largest cryptocurrency exchange in the world. Open / Comment

2021-07-06 21:49:55 $55 Billion London Hedge Fund to Invest in Crypto

A London Hedge Fund with $55 billion in assets under management has become the latest institution to enter the crypto market, reported Financial Times.

The hedge fund is looking to invest in blockchain technology and payment systems for cryptocurrencies as well as stablecoins.

Marshall Wace, the London-based institutional investment firm is reportedly looking to launch a private portfolio that will invest in digital finance companies. Open / Comment

2021-07-06 16:00:23 It’s BACK! PancakeSwap Lottery V2 Kicks Off with a Massive $5M+ in CAKE Prizes

To kick things off, there’s a massive >$5 Million in prizes waiting to be injected over the first week of the new lottery!

What’s new with V2?

- Cheaper ticket prices — $5 USD equivalent in CAKE per ticket.

- Bulk discounts — the more tickets you buy (max 100 each transaction), the cheaper they are!

- You can pick your own numbers (if you want)

- Now using ChainLink to generate the winning numbers — this makes the number generation more transparently randomized.

- Reduced gas fees — gas fees per ticket can now be almost 70% lower than V1 Open / Comment

2021-07-06 14:56:25 You only get stopped out when giant candles like these form. Smart money is filling their orders by getting to the prime point of liquidity, which is to stop loss hunt. Open / Comment

2021-07-05 21:09:11 Canadian Institutional ETF Investors Are Taking Bitcoin Demand To Heightened Levels

Institutional investors in Canada are accumulating more and more shares of the recently approved Bitcoin Exchange Traded Fund or ETF, which is creating more demand for Bitcoin.

The Purpose Bitcoin ETF, which was approved by Canadian financial regulators in February and is the first of its kind in the country and entire of North America, now has more than 20,000 Bitcoin invested by institutions.

The increased interest in ETF investments comes even as some officials in the US expressed frustration that the country was late in approving a Bitcoin ETF. Open / Comment

2021-07-05 15:21:25 Bitcoin Supply on Exchanges Shrinks to Lowest Level Since January: Santiment

Data shared by the popular analytics platform shows that Bitcoin withdrawals from crypto exchanges have hit a half-year low

Santiment analytics vendor has published a tweet with data showing that Bitcoin supply on centralized crypto trading platforms has seen a sharp decline to the lowest level in the last six months. Open / Comment

2021-07-05 14:53:40 BTC/USDT - 1W

We are sitting below this weekly trendline, if this week's weekly candle fails to close above $34,700 then we will see a break of this trend and we can expect further downside to the low $20,000s. Open / Comment

2021-07-05 12:04:43 BTC/USDT - 4H

We are currently within a symmetrical triangle that could also be considered as ascending if we take the start of the top trend line from the first circled are from the left of the chart. If the price breaks down we will be looking at $30,000 as a probable target, if we break up then we are heading to test $40,000 again. Open / Comment