Schlagwort: crypto market news

• Institutional interest in Bitcoin remains despite the continued price struggles across the market.

While institutional investors are not putting as much money into digital asset investment products as was during the bull market, funds have seen consecutive minor inflows for seven weeks, with most of it in Bitcoin.

According to digital asset manager CoinShares, a total of $6.1 million flowed into crypto-related funds last week. Among specific funds, Bitcoin recorded inflows of $14 million, and accounted for the most trading volume.

As per CoinShares’ Digital Asset Fund Flows Weekly Report, last week’s flows into Bitcoin came with 70% of weekly trading volumes across all investment products. The week’s volume showed a 100% jump from the week ending 21 November.

Short Bitcoin sees second week of outflows

As well as inflows into long Bitcoin funds, investor sentiment this past week was registered via a second consecutive week of outflows. 

The short-bitcoin investment product had outflows of $2.4 million this past week – down from $7.1 million the previous week.

However, with the outflows in October already at $15 million and representing 10% of the total assets under management (AUM), last week’s total brings outflows since mid-September to $20 million. That’s 15% of the total AUM of digital assets investment products.

As CoinJournal reported earlier today, Kevin Dede, CFA, a senior technology analyst at HC Wainwright, says Bitcoin is ‘alive’ and that headlines about miner capitulation and the death of the world’s largest cryptocurrency are “greatly exaggerated.”

The post Bitcoin records 7th straight week of institutional inflows appeared first on CoinJournal.

Shiba Inu price has been on a bullish trajectory since October 10 and the Shiba Inu community is readying for a further upside rally following plans by the Shiba Inu team to introduce a number of updates.

The Shiba Inu community is looking forward to the highly anticipated Shibarium update, Shiba Eternity Players Guide, and TREATs for Shib Army.

Release of Shiba Eternity Guide

Shiba Inu team in a tweet on November 1 announced that it will release the official Shiba Eternity Player’s Guide on November 2. The tweet read:

“The official & exclusive #ShibaEternity Players Guide will be released November 2nd, on Día de los Muertos. This massive 1000+ page booklet details Shib’s CCG game, original lore and incredible art! Stay tuned #ShibArmy!”

According to Shiba Inu lead developer Shytoshi Kusama, the guide is a 1000+ page booklet detailing Shiba Inu’s CCG game, with hundreds of hilarious cards, cutting-edge artwork, and deep sci-fi lore. In a tweet, Kusama said:

“The #ShibaEternity Player’s Guide came in at ~1100 pages with hundreds of hilarious cards, cutting-edge artwork, and a deep sci-fi lore. In my next blog I’ll explain whats happening behind the scenes and why my focus now turns to #Shibarium and other TREATs for the #ShibArmy.”

Last week, Kusama revealed that Shibarium was coming soon and that he is working on something big for Shiba Inu.

The Shiba Inu team missed the Q3 deadline for the release of the Shiba Eternity Guide.

Wish I could move at the „speed of science“. Sorry for the delay #SHIBARMY #SHIBAETERNITY guide is being completed and all bugs are being addressed. Had to make adjustments to make sure everyone can understand the tutorial. Thanks for your patience.

— Shytoshi Kusama™ (@ShytoshiKusama) October 11, 2022

Dogecoin correlation

While there are factors that are directly propelling the price of SHIB up, a majority also believe that SHIB will follow a Dogecoin-like rally, especially now that the Dogecoin community is highly anticipating some boost from Elon Musk who recently acquired Twitter.

There is a high expectation that Musk will propose DOGE rewards on Twitter.

The post Shiba Inu price explodes ahead of key updates appeared first on CoinJournal.

XRP price has surged in the last 24 hours as the legal tussle between the US Securities and Exchange Commission (SEC) and Ripple approaches the Summary Judgment phase. Both sides have already filed motions for summary judgment and other parties are filling requests to file as Amicus Curiae.

Early today, the price of Ripple’s native token, XRP, jumped to a daily high of $0.4661 before briefly pulling back to $0.4603 at press time. XRP has gained over 37% in the past 60 days; something attributed to the positive updates coming from the lawsuit.

Ripple’s upper hand in the XRP lawsuit

As the XRP lawsuit approaches the final phase, Ripple Labs seems to be gaining the upper hand. It is barely a month since a US judge court ordered SEC to produce Hinman’s speech documents which were crucial for Ripple’s defence which was seeking to prove that the SEC was applying double standards.

In the contested Hinman speech delivered at the Yahoo Finance All Markets Summit in June 2018, Hinman stated “Based on my understanding of the present state of Ether, the Ethereum network, and its decentralized structure, current offers and sales of Ether are not securities transactions.”

Going by the recent updates from the lawsuit, Ripple seems poised for a victory; something that could set its native token skyrocketing to the moon especially due to the huge potential that RippleNet possesses. In May this year, Ripple’s CEO indicated that Ripple will explore IPO after the SEC lawsuit gets concluded.

Coinbase files to be added as Amicus curiae in XRP lawsuit

Coinbase, the largest crypto exchange by trading volume, is one of those who have filed a request to be allowed to file an Amicus Brief in support of Ripple’s defence.

Coinbase delisted XRP immediately after the US SEC filed a lawsuit against Ripple Labs for issuing an unregulated security. Coinbase was not the only crypto exchange that delisted Ripple’s native tokens since almost all major crypto exchanges including Binance have delisted the token.

Another entity that has filed to be allowed as an Amicus Curie in the XRP lawsuit is the Crypto Council for Innovation which wants to file an Amicus Brief in support of Ripple’s Defendants’ Brief in Opposition to the SEC’s Motion for Summary Judgment.

The post XRP takes a ride as Ripple’s legal tussle with SEC reaches Summary Judgment phase appeared first on CoinJournal.

Dogecoin (DOGE) has shot up by more than 99% in the past seven days, a move fuelled by Elon Musk’s acquisition of Twitter.

The first time Musk made the offer to purchase Twitter, Dogecoin took off to the moon. However, the bullish momentum later died out after Elon Musk started showing signs of backtracking on his bid to acquire the social media giant on claims of fake accounts.

Now that Musk has completed the acquisition at $54.20 a share, investors believe Dogecoin could be on the verge of reclaiming its 2021 highs.

To assist investors who want to buy Dogecoin, Coinjournal has created a brief guide on the best ways to buy a meme coin.

To find out more, please continue reading.

Best places to buy Dogecoin (DOGE) from

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What is Dogecoin (DOGE)?

Dogecoin (DOGE) is a meme coin that is based on the popular “doge” Internet meme and features a Shiba Inu on its logo. It was the first dog-themed cryptocurrency to be launched after which the likes of Shiba Inu (SHIB) were launched.

Dogecoin was actually created from a hard fork of Litecoin in December 2013 by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia.

Dogecoin’s founders foresaw it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience since it was based on a dog meme. Tesla and SpaceX CEO Elon Musk has fallen for the meme coin and he regularly tweets about it and he has also included it as a payment option for Tesla merchandise.

Should I buy $DOGE today?

If you are looking to invest in a cryptocurrency that is on a bullish trajectory then Dogecoin could be a good choice.

Nevertheless, you should be aware of the fact that the cryptocurrency market is extremely volatile especially now that there are a lot of external factors affecting the crypto market.

Dogecoin price prediction

With Elon Musk finally acquiring Twitter, all eyes are on whether the multi-billionaire will propose the use of DOGE on Twitter.

Although it might take some time for the coin to go back to its 2021 highs, investors believe at the current momentum it could surge above $0.2 by mid-November. However, it could end up even going higher if Elon comments anything to do with the coin.

$DOGE social media trends

Dogecoin TO $69!!!!!!!!!

— Matt Wallace (@MattWallace888) October 30, 2022

The post Best ways to buy Dogecoin: it’s on fire after Elon Musk bought Twitter appeared first on CoinJournal.

• Binance says ‘Winny the Web3 Witch’ will help ‘take the creepy’ out of crypto and Web3.
• Binance has unveiled a new educational series it says should do the trick when it comes to the latest efforts towards proving crypto isn’t as scary as it is painted to be. 

It’s Hallowen season and the creepers are set to go loose, meaning more scary stories are ripe for the telling. 

But Binance says its ‘Winny the Web3 Witch’ will sniff out all the crypto creeps. In short, the leading crypto exchange is saying that this Halloween – crypto or Web3 won’t be one of the things to be frightened of.

Spooky season is soon approaching 👻

For Halloween, #Binance is launching the #CryptoCreepers educational series, a series that debunks some of the most common fears in Web3.

Stay tuned. pic.twitter.com/iBjc2sStAe

— Binance (@binance) October 19, 2022

Debunking the world of Web3 myths

Crypto is approaching its teens after Bitcoin’s launch in 2009, but even then, many people still find it a tough space to enter. 

According to Binance this shouldn’t be and demystifying the spooky aspects via the ‘crypto creepers’ series will make crypto less creepier than it has been made to look.

‘Winny the Web3 Witch’,  Binance’s educational series designed to debunk FUD (fear, uncertainty, doubt) and other common myths about crypto, is set to go live on Twitter (the trailer is here).

The series will unpack most of the uncertainty and offer access to independent research and other facts to dispel the fear and the doubt, including hocus pocus such as crypto use is mostly by criminals.

The post Binance’s Halloween ‘crypto creepers’ series looks to debunk Web3 myths appeared first on CoinJournal.