Crypto World Analysis

2022-05-05 12:13:02 Institutional Investors Cooling on Crypto as Weekly Outflows Top $120M

Institutional funds are leaving the crypto sector at an accelerating pace as markets continue their retreats.Capital has flown out of major crypto asset funds for four weeks in a row, and the total for the past seven days was $120.1 million. The total for the 4-week run was $339 million, according to the report.

The majority of those outflows were from Bitcoin-based funds resulting in the largest single week of outflows since June 2021, with $133 million exiting BTC funds.The researchers said it was difficult to ascertain the exact reason for the exodus aside from the “hawkish rhetoric from the US Federal Reserve” and recent declines in the asset’s price.Ethereum funds also saw outflows totaling $25 million last week, it added. So far this year, only five weeks have seen Ethereum outflows, and the year-to-date figure is $194 million.

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2022-05-04 15:15:02 Camper & Nicholsons International selects BitPay to accept cryptocurrency payments

Camper & Nicholsons, the global leader in all luxury yachting activities, specializing in the sale, purchase, charter, marketing, management, and construction, project management and insurance of the finest yachts in the world.

The ability to accept cryptocurrency enables Camper & Nicholsons to attract new customers and sales by tapping the massive crypto marketplace. The 240-year-old company accepts cryptocurrency payments for all of its yacht fleet for sale, charter and all services provided."We decided to accept crypto to expand our market, cater to new consumer preferences, and give customers more options, flexibility, and freedom," said Paolo Casani, CEO at Camper & Nicholsons.

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2022-05-03 14:30:39 Crypto.com Slashes Card Rewards, CRO Tokens Drop 11% as Community Reacts

Revisions to Crypto.com’s card and staking rewards sent token prices tumbling as much as 11% as the community expressed dismay over the changes that go into effect after June 1.In a blog post on Sunday, Crypto.com said it would reduce rewards on the usage of its Visa-enabled cards based on the tiers offered.

Monthly rewards on the lower tiers would be capped from $25 to $50, while there would be no rewards cap on the higher tiers, the company said.These are a steep drop from current rates of 1% on the lower-tier cards, to over 8% on the highest tier, depending on staked funds. Crypto.com’s prepaid cards are a popular product within crypto circles, allowing users to load up supported cryptocurrencies or stablecoins and spend fiat at Visa merchants.

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2022-05-02 16:47:53 1inch Wallet is Now Integrated with Transak Fiat OnRamp

Transak, a single integration for applications to accept fiat-to-crypto deposits from a global user base, today announces its integration on the 1inch Wallet. This comes after the listing of the 1INCH token as a purchasable crypto currency earlier this month.

Now every 1inch De-Fi Wallet user has the option to buy a crypto token for any fiat. «The integration of Transak comes as part of the 1inch Network’s wider strategy of connecting more fiat payment options» – says Sergej Kunz, 1inch Network co-founder.

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2022-05-02 16:27:02 Loopring and Jibrel Network Jointly Disrupt the Exchange of Tokenized Assets

As the Jibrel Network expands globally, the partnership will reduce the risk for both traditional and institutional investors, increasing liquidity and equity. With Loopring, members are protected from threats such as swapping bankruptcy and DDOS attacks.

Talal Tabbaa, a co-founder of the Jibrel Network, said: “The Jibrel Network is pleased to announce a strategic partnership with Loopring that will enable us to explore one of the industry's most technologically advanced protocols. With Loopring, we can use distributed CryDR trading methods to eliminate the risk of counterparties. Loopring has one of the strongest technical teams and this is a significant step toward global expansion of the Jibrel Network. ”

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2022-05-01 09:27:02 Crypto investment product trading volumes decline for 6th month as investors seek direct exposure

Although the cryptocurrency market has received significant attention from traditional investors in the form of crypto investment products like exchange-traded funds (ETFs) and exchange-traded notes (ETNs), data shows the trading volumes of these products have recorded a steady decline.

Indeed, the average daily trading volumes across different crypto investment product types fell about 16.3% from March to April – to $244 million, according to the latest Digital Asset Management Review by crypto analytics platform CryptoCompare published on April 28.As per the report, April is the sixth consecutive month recording a decline in trading volumes.

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2022-04-30 18:08:01 Bahamas seeks to list its central bank digital currency on major crypto exchanges

The Bahamian government is looking to get its central bank digital currency listed on a crypto exchange as part of a larger effort to expand its presence in the cryptocurrency industry.

“We’ve had preliminary conversations with some exchanges about listing the Sand Dollar and those early conversations have gone very well,” Ryan Pinder, attorney general and administrator of legal affairs for the Bahamas, told Yahoo Finance at the FTX Salt Conference, noting that the country’s government wants to “give our citizens more exposure to the digital asset space.”

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2022-04-29 18:25:02 US Congressman Could Face Charges for Promoting a Crypto Pump and Dump Scheme

Congressman Madison Cawthorn could face charges for violating insider trading laws after promoting a cryptocurrency pump and dump scheme.Madison Cawthorn, a Republican congressman from North Carolina, has been accused of his involvement in a pump and dump crypto scheme dubbed Lets Go Brandon (LETSGO).

According to a recent report by the Washington Examiner, several regulatory watchdogs have implicated Cawthorn in an alleged insider trading scheme involving the relatively short-lived crypto project.Let’s Go Brandon is a memecoin named after the chant mocking President Joe Biden. Hedge fund manager James Koutoulas pioneered the project.On December 29, 2021, Cawthorn posted on Instagram, “LGB legends. … Tomorrow we go to the moon!” He also admitted that he has a portion of the cryptocurrency in his portfolio.

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2022-04-28 14:28:36 Crypto World Analysis pinned a photo Open / Comment

2022-04-28 14:24:46 Sphere Finance is a project dedicated to acquiring governance, farming liquidity and incubating projects that generate deep liquidity with the aim of taking over projects all over Polygon, and later other chains. It yields profits and sends them out in the form of $SPHERE tokens.

It is going to come out with a V2 contract soon. If you think you're late to the hype train, think again! They will make the APY sustainable, earn even more governance while also making the market whale proof. No whales are going to manipulate this. So far, they've also incubated 3 projects and have a huge share in them! Join the S&P 500 of Crypto now!

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Discord: https://discord.gg/spheredefi
Twitter: https://twitter.com/SphereDeFi

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