The IMF's Kristalina Georgieva said wholesale CBDCs, on the other hand, have “fairly little space for undesirable surprises.”
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Retail CBDCs bring unknown 'consequences' to financial system: IMF director
The IMF's Kristalina Georgieva said wholesale CBDCs, on the other hand, have “fairly little space for undesirable surprises.”
Balaji pays out his crazy $1M Bitcoin bet, 97% under price target
The former Coinbase exec settled the high profile wager 45 days ahead of time but remains convinced that a “fiat crisis” is inevitable.
US congressmen chide presidential advisers over crypto stances in economic report
The legislators objected to a chapter of the president’s annual report that they believe diminished the role of Congress and could damage the economy with its hostility to digital assets.
Sports Illustrated launches Polygon-based NFT ticketing platform
SI's new service, called "Box Office," will allow event organizers to issue commemorative nonfungible token tickets, including pre-attendance and post-event audience perks.
Interest rate hike speculation triggers outflows from crypto investment products: Report
According to CoinShares, digital asset investment products saw outflows totaling $72 million last week, as investors brace for the Fed's forthcoming rate decision on May 3.
Interest rate hike speculation triggers outflows from crypto investment products: Report
On May 2, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Weekly Report,” which stated that the digital asset market experienced bearish sentiment for the second consecutive week, resulting in outflows totaling $72 million. The report noted that the bearish sentiment could be attributed to the probability of further interest rate hikes by the United States Federal Reserve this week.
Weekly crypto asset flows. Source: CoinSharesAccording to the report, crypto market funds experienced outflows across all geographies and providers, particularly in Germany and Canada, where outflows reached $40 million and $14 million, respectively.
Bitcoin (BTC) recorded the largest outflows at $46 million, with short-Bitcoin also experiencing outflows of $7.8 million, its highest figure since December 2022. Despite the recent outflows, short-Bitcoin continues to lead in inflows for the year, with net inflows of $119 million. Meanwhile, Ether (ETH) products saw outflows amounting to $19 million, marking the biggest weekly outflows since the Merge in September 2022.
On a positive note, a small number of altcoin funds experienced minor inflows, with Solana (SOL), Algorand (ALGO) and Polygon (MATIC) each gaining less than $1 million in capital flows.
Blockchain equities also experienced negative sentiment, resulting in outflows of $2.5 million last week, although the year-to-date net flows remain positive at $27 million.
Interest rate hike speculation triggers outflows from crypto investment products: Report
According to CoinShares, digital asset investment products saw outflows totaling $72 million last week, as investors brace for the Fed's forthcoming rate decision on May 3.
How can Bitcoin hold $28K amid the banking crisis?
On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses whether Bitcoin’s $28,000 support has a chance amid the recent banking crisis.
The ABCs of Crypto: Teaching the next generation of Web3 users
This latest report presents an overview of two of the most popular use cases for blockchain technology — DeFi and NFTs — to help onboard the next generation of crypto users.
Blur NFT lending surpasses $16M in loans, led by Machi Big Brother
The milestone comes just one day after the protocol's launch on May 1.
Student interest in ChatGPT skills on Udemy increased by 4,419% since 2022: Report
The latest topic consumption report from Udemy shows an increase in interest in ChatGPT as well as skills related to cloud computing and blockchain.
The average person’s wealth will be 'completely destroyed by inflation,' says Arthur Hayes
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The majority of people will have their wealth progressively eaten away by the devaluation of money, according to Arthur Hayes, the co-founder and former CEO of crypto derivatives exchange BitMEX.
According to Hayes, due to the huge amount of public debt accumulated by the world’s largest economies, governments will have no choice but "inflating it away" through money printing.
The average person’s wealth will be 'completely destroyed by inflation,' says Arthur Hayes
Investing in assets "outside of the traditional financial system” is the only way to preserve one’s wealth, according to the former BitMEX CEO.
The average person’s wealth will be 'completely destroyed by inflation,' says Arthur Hayes
Investing in assets "outside of the traditional financial system” is the only way to preserve one’s wealth, according to the former BitMEX CEO.
The average person’s wealth will be 'completely destroyed by inflation,' says Arthur Hayes
Investing in assets "outside of the traditional financial system” is the only way to preserve one’s wealth, according to the former BitMEX CEO.
What is the wash-sale rule, and does it apply to crypto?
The wash-sale rule disallows the deduction of losses if identical securities or crypto assets are repurchased within 30 days.
Ethereum whale population drops after Shapella — Will ETH price sink too?
Ethereum's supply across whale addresses has dropped consistently since March 2020, offset by greater retail interest.
Ethereum whale population drops after Shapella — Will ETH price sink too?
The share of Ethereum (ETH) held by so-called whale addresses has dropped since Ethereum's Shapella upgrade in mid April, suggesting that large investors may be leaning bearish in t near term.
ETH whale population shrinks post-Shapella
The amount of Ether held by addresses with 1,000-10,000 ETH, or "whales," was over 14.033 million ETH on May 1, according to Glassnode data. In comparison, the count was 14.167 million ETH on April 12, when Shapella went live on Ethereum.
Ethereum whale net position change. Source: GlassnodeInterestingly, a week before the Shapella upgrade, the Ethereum whale cohort held 14.303 million ETH, the highest amount in 2023
"Shrimps" only ones buying ETH since Shapella
Ether's price is down over 3.5% since the Shapella upgrade— suggesting that several whales may have indeed "sold the news."
Interestingly, other address cohorts also showed a decline, including sharks (100-1,000 ETH), fishes (10-100 ETH), crabs (1-10 ETH), and even mega-whales (10,000+ ETH).
BTC price may need a $24.4K dip as Bitcoin speculators stay in profit
Bitcoin short-term holders are slowly seeing profits evaporate as BTC price action trends lower, but more downside could be next.