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.
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.
Where to get USDT for free, get USDT easily with a simple subscription.
Tired of not having enough money? We will fix it!
Crypto Channels Monthly Bonus $30,000 for Simple Subscriptions!
No forms, attachments and a long list of conditions! Getting USDT is easier than you think.
- Subscribe to Crypto Expert Channel (https://t.me/bitcoin6788)
- Follow daily USDT giveaways
- Get USDT and use it immediately
Tired of not having enough money? We will fix it!
Crypto Channels Monthly Bonus $30,000 for Simple Subscriptions!
No forms, attachments and a long list of conditions! Getting USDT is easier than you think.
- Subscribe to Crypto Expert Channel (https://t.me/bitcoin6788)
- Follow daily USDT giveaways
- Get USDT and use it immediately
Forwarded from tron bsf
Добыча криптовалюты TRONBSF и управление финансами, гарантированная основная сумма и проценты, дивиденды 2% каждый день, откройте счет 50USDT, разблокируйте пароль богатства, чтобы вы могли легко зарабатывать деньги и жить.
Адрес регистрации: https://tronbsf.com/
Рекомендуемый идентификатор: AAAAAAF
Телеграмм сервис: @bsf789
Адрес регистрации: https://tronbsf.com/
Рекомендуемый идентификатор: AAAAAAF
Телеграмм сервис: @bsf789
👍2❤1
62% Of Brazilians Consider Crypto To Be The Future Of Finance
According to a report by crypto exchange Kucoin, over half of the Brazilian adult population believes in crypto taking over as a store of value and means of payment in the future.
Brazil, which is the sixth most populous country in the world has suffered an economic beatdown with inflation doubling in the past year to 10% annually. In addition, a large population of adults remains unbanked or underbanked contributing to a large part of the population transitioning to cryptocurrencies.The report further revealed that 34.5 million Brazilians, which represent 26% of the population aged 18 to 60 have operated cryptocurrencies in the past six months.
According to a report by crypto exchange Kucoin, over half of the Brazilian adult population believes in crypto taking over as a store of value and means of payment in the future.
Brazil, which is the sixth most populous country in the world has suffered an economic beatdown with inflation doubling in the past year to 10% annually. In addition, a large population of adults remains unbanked or underbanked contributing to a large part of the population transitioning to cryptocurrencies.The report further revealed that 34.5 million Brazilians, which represent 26% of the population aged 18 to 60 have operated cryptocurrencies in the past six months.
US crypto adoption remains high despite global inflation fears
New DappRadar report provides wide-ranging insights into the performance of the crypto and Web3 space throughout Q1 of 2022.A quantitative analytics report published by DappRadar has unveiled a number of revelatory behavioral market indicators for the global adoption of digital assets.
The blockchain data portrays a positive sentiment for the Web3 and metaverse sectors, especially in the United States; a reactionary rise in crypto interest throughout Ukraine and Russia following the outbreak of the conflict and the impact of the well-documented surge i gas prices throughout Europe on inflationary metrics.Many of the leading metaverse platforms like Decentraland (MANA), The Sandbox (SAND), Somnium Space (CUBE) and Roblox have attracted a large portion of their user base from the U.S.
New DappRadar report provides wide-ranging insights into the performance of the crypto and Web3 space throughout Q1 of 2022.A quantitative analytics report published by DappRadar has unveiled a number of revelatory behavioral market indicators for the global adoption of digital assets.
The blockchain data portrays a positive sentiment for the Web3 and metaverse sectors, especially in the United States; a reactionary rise in crypto interest throughout Ukraine and Russia following the outbreak of the conflict and the impact of the well-documented surge i gas prices throughout Europe on inflationary metrics.Many of the leading metaverse platforms like Decentraland (MANA), The Sandbox (SAND), Somnium Space (CUBE) and Roblox have attracted a large portion of their user base from the U.S.
Tether (USDT) Trading Volume Sinks $4.5 Trillion in Quarterly Low
Due to negative crypto market sentiment, Tether (USDT) trading volume in the first quarter of 2022 was lower than Tether trading volume in the same period of 2021.Despite the bearish trends of the market which has seen millions of investors turn to stablecoins, investor interest in USDT remains low.
According to Be[In]Crypto research, Tether trading volume during the first quarter of the year was in the region of $5.3 trillion. This was a 46% decrease in the trading volume recorded between January and March of 2021 of around $9.9 trillion. A fall in total transaction counts in the first quarter of 2022 can be attributed to as the primary reason for the sinking Tether trading volumes.In the first quarter of 2022, the total transaction count for Tether was 26,454.
Due to negative crypto market sentiment, Tether (USDT) trading volume in the first quarter of 2022 was lower than Tether trading volume in the same period of 2021.Despite the bearish trends of the market which has seen millions of investors turn to stablecoins, investor interest in USDT remains low.
According to Be[In]Crypto research, Tether trading volume during the first quarter of the year was in the region of $5.3 trillion. This was a 46% decrease in the trading volume recorded between January and March of 2021 of around $9.9 trillion. A fall in total transaction counts in the first quarter of 2022 can be attributed to as the primary reason for the sinking Tether trading volumes.In the first quarter of 2022, the total transaction count for Tether was 26,454.
🥰1
Coinbase Changes Listing Policy for New Tokens After Allegations of Front-Running
Coinbase CEO Brian Armstrong yesterday addressed concerns that traders have been taking advantage of the company’s listings process, writing in a blog post that the company will be adopting new policies and features in the coming months.
Armstrong’s message was seemingly a reaction to recent allegations that an Ethereum trader was able to gain access to a list of coins that Coinbase was considering adding to its exchange before that list had been made public in a company blog post. The trader was able to buy up $400,000 worth of the tokens that were on the Coinbase shortlist, which had then increased in value by 42% over the next day.
Coinbase CEO Brian Armstrong yesterday addressed concerns that traders have been taking advantage of the company’s listings process, writing in a blog post that the company will be adopting new policies and features in the coming months.
Armstrong’s message was seemingly a reaction to recent allegations that an Ethereum trader was able to gain access to a list of coins that Coinbase was considering adding to its exchange before that list had been made public in a company blog post. The trader was able to buy up $400,000 worth of the tokens that were on the Coinbase shortlist, which had then increased in value by 42% over the next day.
Binance Blocks Accounts Linked to Relatives of Senior Russian Officials
Digital asset exchange Binance has blocked accounts tied to relatives of government officials in Moscow. Amid mounting international penalties over Russia’s invasion of Ukraine, the trading platform said it will continue to check for users associated with sanctioned individuals.
Binance, the world’s leading cryptocurrency exchange, has blocked several accounts linked to relatives of some high-ranking members of Russian President Vladimir Putin’s administration, Bloomberg reported. The move comes as sanctions continue to rain on Russia in response to its military assault on neighboring Ukraine.Among the users who have been denied access in the past two months since the Russian troops crossed the Ukrainian border.
Digital asset exchange Binance has blocked accounts tied to relatives of government officials in Moscow. Amid mounting international penalties over Russia’s invasion of Ukraine, the trading platform said it will continue to check for users associated with sanctioned individuals.
Binance, the world’s leading cryptocurrency exchange, has blocked several accounts linked to relatives of some high-ranking members of Russian President Vladimir Putin’s administration, Bloomberg reported. The move comes as sanctions continue to rain on Russia in response to its military assault on neighboring Ukraine.Among the users who have been denied access in the past two months since the Russian troops crossed the Ukrainian border.
👍1
Samsung’s Investment Arm To Pursue Asia’s First Blockchain ETF
Samsung Group’s investment arm is reportedly pursuing Asia’s first blockchain ETF in a bid to capitalize on growing demand.South Korea’s Samsung Asset Management will attempt to launch the fund sometime within the first half of 2022 on the Hong Kong Stock Exchange, The Korea Economic Daily reported Thursday.
It’s the first time an Asia-based ETF of its kind – that includes crypto – will be listed in the region. The vehicle is expected to track a basket of major blockchain tech companies.The move follows the asset manager’s acquisition of US ETF provider Amplify Holding Company in late March, in which it took a 20% stake via a special purpose vehicle. The investment arm is Amplify’s exclusive ETF partner in Asia, according to a press release.
Samsung Group’s investment arm is reportedly pursuing Asia’s first blockchain ETF in a bid to capitalize on growing demand.South Korea’s Samsung Asset Management will attempt to launch the fund sometime within the first half of 2022 on the Hong Kong Stock Exchange, The Korea Economic Daily reported Thursday.
It’s the first time an Asia-based ETF of its kind – that includes crypto – will be listed in the region. The vehicle is expected to track a basket of major blockchain tech companies.The move follows the asset manager’s acquisition of US ETF provider Amplify Holding Company in late March, in which it took a 20% stake via a special purpose vehicle. The investment arm is Amplify’s exclusive ETF partner in Asia, according to a press release.
Alex Jones receives $1 million in Bitcoin from an anonymous donor
An anonymous donor has sent more than $1 million in Bitcoin to a cryptocurrency wallet controlled by Alex Jones and publicized on his Infowars website, casting doubt over Jones’ financial situation despite.Prior to the large Bitcoin transfer, Jones’ wallet had an estimated $37,000 in Bitcoin. It was also one of four wallets he used to publicly seek contributions on his Infowars website.
It was discovered that on April 23, an unknown entity transferred 26 Bitcoins — each worth approximately $40,000 at the time — to a crypto wallet thought to be operated by Jones, according to blockchain data, investigated by the Southern Poverty Law Center’s Hatewatch blog and published on April 29.
An anonymous donor has sent more than $1 million in Bitcoin to a cryptocurrency wallet controlled by Alex Jones and publicized on his Infowars website, casting doubt over Jones’ financial situation despite.Prior to the large Bitcoin transfer, Jones’ wallet had an estimated $37,000 in Bitcoin. It was also one of four wallets he used to publicly seek contributions on his Infowars website.
It was discovered that on April 23, an unknown entity transferred 26 Bitcoins — each worth approximately $40,000 at the time — to a crypto wallet thought to be operated by Jones, according to blockchain data, investigated by the Southern Poverty Law Center’s Hatewatch blog and published on April 29.
Forwarded from Bitcoin Ethereum Crypto guide
Coinbase Cloud Collaborates With Acala Foundation in Support of Liquid Staking
Web 3 and blockchain infrastructure provider Coinbase Cloud has announced a new partnership with Acala Foundation, the DeFi hub of Polkadot, by first bringing KSM liquid staking on Karura. KSM is the native token of the Kusuma network, a public pre-production environment for Polkadot.
According to the official blog post, Coinbase Cloud is “powering allowlisted validators that receive delegations from the community.” On Karura, which enables users to stake KSM for LKSM, users are not restricted by an unbonding period – usually ranging from 7 to 28 days in the Polkadot network – and can, for instance, deposit their LKSMs on Terra’s Anchor protocol to earn yields.The latest developments come on the heels of Coinbase Cloud, having worked on Polkadot and Kusama since their earlier testnets.
Web 3 and blockchain infrastructure provider Coinbase Cloud has announced a new partnership with Acala Foundation, the DeFi hub of Polkadot, by first bringing KSM liquid staking on Karura. KSM is the native token of the Kusuma network, a public pre-production environment for Polkadot.
According to the official blog post, Coinbase Cloud is “powering allowlisted validators that receive delegations from the community.” On Karura, which enables users to stake KSM for LKSM, users are not restricted by an unbonding period – usually ranging from 7 to 28 days in the Polkadot network – and can, for instance, deposit their LKSMs on Terra’s Anchor protocol to earn yields.The latest developments come on the heels of Coinbase Cloud, having worked on Polkadot and Kusama since their earlier testnets.
VanEck Announces Launch of NFT Collection Powered by Ethereum
VanEck has partnered with South Korean creative NFT agency for the launch of is new NFT collection.Global investment manager VanEck has announced the launch of a community NFT based on the Ethereum in partnership with the South Korea-headquartered creative NFT agency, NUMOMO. This is the first such initiative unveiled by the firm and involves the release of 1,000 VanEck NFTs.
According to the official press release, the community NFTs are designed to demonstrate the real-world utility inherent in the NFT structure and will be based on a fictional character, Hammy (modeled after Alexander Hamilton). While explaining more on the character, JP Lee, VanEck Community NFT Co-Founder, said,VanEck plans to release a total of 1,000 NFTs which will be categorized as – commons (which will total 750), rare (approximately 230), and legendary (approximately 20).
VanEck has partnered with South Korean creative NFT agency for the launch of is new NFT collection.Global investment manager VanEck has announced the launch of a community NFT based on the Ethereum in partnership with the South Korea-headquartered creative NFT agency, NUMOMO. This is the first such initiative unveiled by the firm and involves the release of 1,000 VanEck NFTs.
According to the official press release, the community NFTs are designed to demonstrate the real-world utility inherent in the NFT structure and will be based on a fictional character, Hammy (modeled after Alexander Hamilton). While explaining more on the character, JP Lee, VanEck Community NFT Co-Founder, said,VanEck plans to release a total of 1,000 NFTs which will be categorized as – commons (which will total 750), rare (approximately 230), and legendary (approximately 20).
Fashion giant Gucci to start accepting crypto payments
Italian high-end luxury fashion house Gucci is looking to add crypto as a payment option in some of its U.S. stores from late May, with plans to expand the pilot to all its North American stores by summer 2022.According to a May 4 report, Gucci will accept in-store crypto payments by emailing customers a link comprising a QR code. After scanning the QR code, customers will be able to complete the transaction through their crypto wallets.
The first Gucci stores to accept crypto payments are Wooster Street in New York, Rodeo Drive in Los Angeles, Miami Design District, Phipps Plaza in Atlanta, and The Shops at Crystals in Las Vegas.The company will accept more than ten cryptocurrencies for payments. These include Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Wrapped Bitcoin (wBTC), Litecoin (LTC), Shiba Inu (SHIB), Dogecoin (DOGE), and five stablecoins pegged to the U.S. dollar.
Italian high-end luxury fashion house Gucci is looking to add crypto as a payment option in some of its U.S. stores from late May, with plans to expand the pilot to all its North American stores by summer 2022.According to a May 4 report, Gucci will accept in-store crypto payments by emailing customers a link comprising a QR code. After scanning the QR code, customers will be able to complete the transaction through their crypto wallets.
The first Gucci stores to accept crypto payments are Wooster Street in New York, Rodeo Drive in Los Angeles, Miami Design District, Phipps Plaza in Atlanta, and The Shops at Crystals in Las Vegas.The company will accept more than ten cryptocurrencies for payments. These include Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Wrapped Bitcoin (wBTC), Litecoin (LTC), Shiba Inu (SHIB), Dogecoin (DOGE), and five stablecoins pegged to the U.S. dollar.
GBTC Discount Hits All-Time Low as SEC Mulls Bitcoin ETF
GBTC is a private-placement trust that trades like a stock and allows investors to get exposure to Bitcoin without actually having to buy the asset. The firm takes care of the custody in exchange for an annual management fee of 2%, while buyers acquire shares in the fund.
A massive discount to NAV may seem like a bargain, as it allows investors to buy “shares” in Bitcoin below the actual market value, however, it also comes with a catch, as GBTC has a six-month lockup period.This means that the fund’ existing holders are running at a loss as the only way for them to cash in is to sell shares.According to Grayscale’s website, GBTC currently holds $18.3 billion in assets under management.
GBTC is a private-placement trust that trades like a stock and allows investors to get exposure to Bitcoin without actually having to buy the asset. The firm takes care of the custody in exchange for an annual management fee of 2%, while buyers acquire shares in the fund.
A massive discount to NAV may seem like a bargain, as it allows investors to buy “shares” in Bitcoin below the actual market value, however, it also comes with a catch, as GBTC has a six-month lockup period.This means that the fund’ existing holders are running at a loss as the only way for them to cash in is to sell shares.According to Grayscale’s website, GBTC currently holds $18.3 billion in assets under management.
Forwarded from Mining leader accepts apprentices
TRONBSF cryptocurrency mining and financial management, principal and interest security, 2% daily dividend, 50USDT account opening, 10% first-level rebate for referring friends, 5% second-level rebate, unlocking the wealth password, allowing you to easily make money in life.
Registration address: https://tronbsf.com/
Recommended ID: AAAAAF
Telegram service：@bsf789
Registration address: https://tronbsf.com/
Recommended ID: AAAAAF
Telegram service：@bsf789
The owner of this channel has been inactive for the last 5 months. If they remain inactive for the next 27 days, they may lose their account and admin rights in this channel. The channel will remain accessible for all users.