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Institutional investors appear to be buying the dip in crypto prices. Inflows into crypto investment products, like Bitcoin and Ethereum ETFs, notched total inflows for the fifth straight week as CoinShares counted $1.3 billion in total inflows in their latest report. In fact, nearly $800 billion poured into Ethereum investment products last week after the crypto’s recent 20% selloff. That was enough to pass Bitcoin inflows on a weekly clip for the first time this year. As the year continues, it will be interesting to see if altcoins can mount any sort of break in Bitcoin’s rising dominance. As more…
Bitcoin had a tough time. But the stablecoin held on to a stable margin. The bearish market is promoting mass selloffs. Meanwhile, a lot of new and existing altcoins went through liquidations and market corrections. The estimated value of that could be between $8 to 10 billion. At the same time, the funding rates are also taking a nosedive. Volatility shakes up the crypto market Source: Bybit The crypto market is always far from predictable. A few weeks ago, the market erased billions of open interests. However, a recent Bitcoin study report says that the token stood steadfast. ByBit also…
Navigating credit card statements sometimes becomes a little complicated, especially for new users. Two crucial terms that usually cause doubts are ‘unbilled amount’ and ‘outstanding balance.’It is extremely important to understand the difference between the two clearly in a bid to avoid unnecessary charges and in proper credit card management.What is the meaning of unbilled amount?Unbilled amount is the total of all transactions made with your credit card during the current billing cycle before the statement is generated.It can be thought of as a running tally of one’s recent purchases that haven’t yet been officially added to your bill. Usually this…
An Alabama man admitted Monday to taking part in a January 2024 hack of a U.S. Securities and Exchange Commission social media account designed to manipulate the price of bitcoin. Eric Council Jr., 25, pleaded guilty to an identity theft charge in U.S. District Court in Washington, court records show. His sentencing is set for May. Council was arrested in October and charged with helping to break into the SEC’s account on X, formerly known as Twitter, allowing unnamed co-conspirators to falsely announce the approval of long-awaited bitcoin exchange-traded funds, prosecutors said. The price of bitcoin briefly spiked by more…
Italy’s second-largest lender UniCredit on Tuesday posted a fourth-quarter profit beat, raising shareholder returns amid market focus on the bank’s M&A overtures.Net profit attributable to the group came in at 1.969 billion euros ($2.03 billion) in the fourth quarter, compared with an analyst forecast of 1.803 billion euros, according to a LSEG-compiled consensus.Revenues reached 6 billion euros over the period, versus analyst expectations of 5.898 billion euros.Other fourth-quarter highlights included:Return on tangible equity of 11.5%, compared with 19.7% in the third quarter.CET 1 capital ratio, a measure of bank solvency, was 15.9% from 16.1% in the previous three-month stretch.Operating costs…
Crypto Rover, reputed for covering all the latest and intriguing in the crypto world, had something new to break today. Ethereum, which has been one of the most volatile assets of late, can come up with a rally anytime now. There are prominent pointers according to Crypto Rover. But they are not revealing the pointers that helped them come to the opinion. Meanwhile, the market trends also suggest price movements and sharp volume shifts of ETHEREUM. Analysis A Crypto Rover tweet has gone viral. The article read: “Crypto Rally Starts Now”. On 7th Feb, the ETH price was more than…
Tax-saving component of the house rent allowance (HRA) makes the old tax regime more beneficial in some cases. One such case is of married couples, who can use HRA strategically to save tax based on their salary and tax slabs. Also read: Goodbye old tax regime; new regime now more attractive Popular deductions falling shortAfter Budget 2025, the break-even limits— minimum deductions needed to make the old tax regime worthwhile—have nearly doubled. For incomes above ₹24 lakh, taxpayers now need at least ₹8 lakh in deductions and exemptions to save more under the old system. With other tax benefits too…
Bitdeer’s Jeff LaBerge says Bitcoin’s staying power is what makes it attractive to corporations and even governments: “If you thought Bitcoin was going away… nobody would be investing in it.” Bitcoin’s role as a long-term asset continues to gain traction among institutional players, and according to Jeff LaBerge, Head of Capital Markets and Strategic Initiatives at Bitdeer. Speaking on Roundtable with Rob Nelson, LaBerge noted that Bitcoin’s staying power is what makes it attractive to both corporations and governments. “If you thought Bitcoin was going away, forget about if it’s going to zero or if it’s going to a million,”…
The week has not been kind to crypto. A lot has happened since the skies started becoming cloudy with the fear of a trade war. As a result, there have been some massive fluctuations in the prices of crypto. This catapulted the industry into a panic, followed by a massive liquidation event. Billions of digital assets were dumped by investors, and this affected the pricing as well. Bitwise’s CIO, Matt Hougan, took notice of the market and said that the crypto sentiments are “the worst it’s been in years.” This statement came at a time when crypto sentiments were already…
Most investors consider gold safe haven, and investing in it generally gives an assurance of sorts that the money is safely locked in a reliable asset. This is not expected to deliver extraordinary returns just like equity. But perception can be different from reality. In the case of gold, it indeed is.In a latest post by Nikhil Kamath, co-founder of Zerodha and True Beacon, asserts that gold has outperformed equities globally in the past two years, while India is an outlier. This means that it’s only in India that the premium of return on gold over equities is negative, albeit marginally. He also…