On Monday, VanEck, a financial institution with close to $82 billion in assets under management with exchange-traded funds, or ETFs, mutual funds and institutional accounts, announced the launch of its first cryptocurrency fund. The fund is listed as an exchange-traded note, or ETN, on the Deutsche Borse Xetra and SIX Swiss exchanges with exposure to Bitcoin (BTC), Ethereum … [Read more...] about VanEck launches its first multi-token cryptocurrency fund
Cryptocurrency
Strategies for trading cryptocurrency during a correction, explained
A correction refers to a rapid price decrease, which traders can use to their advantage with the assistance of cryptocurrency trading bots. Although the definition for a correction differs, it is most often used to describe a rapid decrease in an asset’s price, usually at least 10% and up to 20%. If an asset falls more than that, the price dip is classified as a … [Read more...] about Strategies for trading cryptocurrency during a correction, explained
NYC Mayor Adams to receive first paycheck in cryptocurrency Friday
Today, Eric Adams, the Mayor of New York City, announced he would be taking his first paycheck in Bitcoin (BTC) and Ethereum (ETH) with the funds arriving Friday. The salary will not be directly paid out as crypto. Instead, it is first issued in fiat U.S. dollar and then converted into digital currencies on Coinbase.Due to the U.S. Department of Labor and various state-level … [Read more...] about NYC Mayor Adams to receive first paycheck in cryptocurrency Friday
Indian Prime Minister Calls for Global Cooperation on Cryptocurrency
Indian Prime Minister Narendra Modi called for global cooperation to tackle the challenges posed by cryptocurrencies.Speaking virtually at the 2022 World Economic Forum's annual Davos conference, Modi said "Cryptocurrency is an example of the kind of challenges we are facing as a global family with a changing global order. To fight this, every nation, every global agency needs … [Read more...] about Indian Prime Minister Calls for Global Cooperation on Cryptocurrency
Bitcoin’s Net Exchange Flows Flip Bearish As Cryptocurrency Struggles For Directional Bias
A blockchain indicator tracking the flow of coins in and out of centralized exchanges is signaling a bearish shift in investor sentiment similar to the one seen before the May 2021 crash.Glassnode data shows the 90-day moving average of net exchange flows has turned positive, meaning more coins are entering exchanges than leaving.Sustained net inflows, if any, would be a cause … [Read more...] about Bitcoin’s Net Exchange Flows Flip Bearish As Cryptocurrency Struggles For Directional Bias