crypto-volatility – DIGIT INFO

September Crypto Crash Wipes Out $170B, Bitcoin and Ethereum Take the Biggest Hit

DIGIT — Sat, 07 Sep 2024 12:10:51 +0000

Between Sept. 1 and Sept. 7, 2024, the crypto market took a notable hit, shedding $170 billion in value. Bitcoin and ethereum were the main drivers of this downturn, responsible for 78.82% of the week’s losses. These two heavyweights saw their combined market caps shrink the most, dragging the entire market down with them. Crypto’s […]

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South Korean think tank cautions against crypto ETFs

DIGIT — Mon, 24 Jun 2024 08:03:12 +0000

South Korean researcher Bo-mi Lee highlights crypto volatility and risks, calling for more research and regulatory measures.

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IMF Blog: Better Regulation of Africa’s Growing Crypto Market Urgently Needed

DIGIT — Thu, 24 Nov 2022 09:00:20 +0000

A well-regulated African cryptocurrency market is needed in order to protect users as well as help countries stop bad actors from using digital assets to circumvent capital controls, the latest post on the IMF blog has said. The blog post reiterated the IMF’s belief that risks to a country are “much greater if crypto is […]

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Bitcoin Now Less Volatile Than Nasdaq and S&P 500 — Stock Markets More Reactive to Inflation, Strong Dollar, Rate Hikes, Energy Crisis

DIGIT — Sun, 23 Oct 2022 01:30:49 +0000

Bitcoin’s volatility has fallen below that of the Nasdaq and the S&P 500, according to crypto data provider Kaiko. Compared to equity markets, cryptocurrency markets have become less reactive to volatile macro events, including high inflation, an appreciating dollar, rising interest rates, ongoing war, and the energy crisis, the firm explained. ‘Bitcoin Volatility Is at […]

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Devere CEO Expects Further Volatility in Crypto Market Before Year-End — Says Savvy Investors Will Benefit From Panic Sellers

DIGIT — Thu, 13 Oct 2022 01:30:02 +0000

The CEO of Devere Group, a financial advisory and asset management firm, anticipates further volatility in the crypto market before year-end. However, he stressed that “for serious investors, this will not necessarily be seen as a bad thing,” noting that “Savvy, long-term crypto investors will be looking to benefit from panic sellers by buying their […]

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New Study Says BTC Outperformed Both S&P 500 and Nasdaq in September

DIGIT — Sat, 08 Oct 2022 08:30:04 +0000

Despite seeing a 3.11% drop in value in September, bitcoin still outperformed both the S&P 500 and Nasdaq, the latest Cryptocompare report has shown. Ethereum, on the other hand, was named “the worst performer after the long-awaited Merge proved to be a ‘buy the rumour, sell the news’ event.” Increased tether and U.S. dollar trade […]

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Indonesian Religious Organization Issues Decree Forbidding Use of Crypto by Country’s Muslim Population

DIGIT — Fri, 21 Jan 2022 22:30:19 +0000

Indonesia’s Tarjih Council and the Central Executive Tajdid of Muhammadiyah have issued a fatwa (decree) stipulating the illegality of cryptocurrency use or investment by the country’s Muslims. The fatwa points to the volatility as well as the lack of state backing as reasons why Muslims must avoid investing or using cryptocurrencies. Cryptocurrencies Thought to Be […]

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Pandemic Drove Adoption but Information Dissemination Just as Important: Kenya-Based Blockchain Advocate

DIGIT — Thu, 02 Dec 2021 13:00:52 +0000

The adoption of blockchain technology and the use of cryptocurrencies by people in Africa surged to unprecedented levels in 2020. While many have attributed this to Covid-19, blockchain advocates believe their work is partly the reason many are turning to digital currencies. Importance of Education Starting in the first quarter of 2020, the adoption of […]

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Crypto Payment Option Makes Services More Affordable: Zimbabwe Music Studio Director

DIGIT — Thu, 29 Jul 2021 09:30:43 +0000

A Zimbabwean music production company, Mutscon Music, recently announced that its clients can now pay for services using cryptocurrencies like bitcoin and ethereum. According to the company, this decision has partly been necessitated by ongoing pandemic-related movement restrictions. Music Studio Accepts Crypto Mutscon Music has also chosen to accept cryptocurrencies because this form of payment […]

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Federal Reserve Bank President Says Most Cryptocurrencies Are Worthless

DIGIT — Wed, 26 May 2021 23:00:52 +0000

The president of the Federal Reserve Bank of St. Louis, James Bullard, says that most cryptocurrencies are “worthless.” He noted that if “cryptocurrency can facilitate transactions that are difficult to make in conventional currencies, then they will have a purpose and might circulate alongside the nation-backed currencies.” Fed’s Bullard Says Most Cryptocurrencies Are Worthless Jim […]

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