• Microsoft Edge users may soon have access to a crypto wallet feature, according to screenshots on Twitter.
• The potential integration of the wallet would give users access to cryptocurrencies directly within the web browser.
• Coinbase and MoonPay are shown as “integrated platforms that help you buy and deposit crypto to your wallet.”
Microsoft Edge May Integrate Crypto Wallet
Screenshots circulating on Twitter suggest that Microsoft Edge users may soon have access to a cryptocurrency wallet feature. This potential integration would provide users with direct access to cryptocurrencies within the popular web browser.
Integrated Platforms For Buying & Depositing Crypto
The leaked screenshots show a user interface (UI) for the new Web3 wallet, along with an explorer for decentralized applications, a news feed, and options for purchasing cryptocurrency using integrated platforms such as Coinbase and MoonPay. These platforms are designed to help users buy and deposit crypto into their wallets.
Non-Custodial Wallet Feature
If confirmed, the Microsoft Edge wallet will be embedded in Edge rather than a separately installed plugin, and it will be non-custodial in nature — meaning that Microsoft will not have any access to passwords or recovery keys associated with the wallets.
Microsoft’s Foray Into Web3
Microsoft has been making strides in the world of Web3 — an evolution of the internet that decentralizes data and gives people greater control over their online experiences. These efforts include initiatives geared towards creating more secure networks, faster transaction speeds, improved privacy protocols, better user identities management systems, among other advancements in this space.
Conclusion
Despite its potential impact on digital asset markets if implemented, it remains unclear whether or not Microsoft’s proposed crypto wallet feature will ever make it out of lab testing stages. Regardless, this leak does serve as a reminder of how quickly technology is evolving and how companies like Microsoft are pushing further into Web3 development spaces.
• FTX Exchange, Alameda Research and former CEO Sam Bankman-Fried have been involved in bankruptcy proceedings.
• Recently, Alameda Research agreed to sell its interest in Sequoia Capital to N Abu Dhabi sovereign wealth fund.
• The US Bankruptcy Court for the District of Delaware approved a $445 million claim by Alameda Research on Voyager Digital regarding loan repayments.
FTX Exchange & Alameda Research’s Bankruptcy Proceedings
The saga of the FTX exchange, its sister company Alameda Research, and former CEO Sam Bankman-Fried continue following the bankruptcy proceedings. There were many discoveries and rejected pleas before sales of assets by these parties occurred.
Sale Of Interest In Sequoia Capital By Alameda Research
The latest development is selling Alameda Research’s interest in Sequoia Capital to N Abu Dhabi sovereign wealth fund. A recent court document by the US Bankruptcy Court for the District of Delaware revealed the agreement between the parties. The reasons for agreeing to this sale included speed of transaction execution and superior offer from Purchaser Al Nawwar Investments RSC which is a company under the Abu Dhabi government who already owns some shares of Sequoia. This deal is worth $45 million and might be close by end March if approved by Judge John Dorsey of Delaware bankruptcy court.
Previous Assets Sold By FTX To Recover Funds
Judge John Dorsey had previously allowed FTX to sell some of their assets owned after filing for bankruptcy which include that of LedgerX, Embed, FTX Europe, and FTX Japan. After this sale, it was reported that FTX could recover more than $5 billion in liquid crypto assets and cash.
$445 Million Claim Approved By Judge On March 8th
On March 8th, Judge John Dorsey also approved a $445 million claim by Alameda Research on Voyager Digital regarding loan repayments. This was another attempt to raise funds to pay back creditors as Binance had stopped processes to buy out the exchange earlier on November 15th 2022 according to reports from Reuters
Conclusion
Alameda Reseach’s recent agreement with Abu Dhabi government attempts to secure enough funds through asset sales so as to payback creditors as part of their ongoing bankruptcy proceedings following discovery and rejections made before now during these legal proceedings
• Coins.ph, a prominent cryptocurrency exchange in the Philippines, has announced that it will include Dogecoin on its Coins Pro trading platform.
• This move is important for Dogecoin, as it showcases the increasing adoption of this distinctive cryptocurrency in mainstream finance.
• At the time of writing, DOGE was trading at $0.0808, down nearly 2% in the last 24 hours.
Coins.ph Adds DOGE to its Trading Platform
Coin.ph, a prominent crypto exchange in the Philippines, has announced that it will include Dogecoin (DOGE) on its Coins Pro trading platform. The tweet from Coins.ph generated great enthusiasm among traders and amateurs alike, further highlighting the rising acceptance of this unique cryptocurrency in the mainstream financial arena.
Impact of Adding DOGE to Coins Pro
The inclusion of DOGE to Coins Pro allows users to trade cryptocurrencies directly using Philippine Peso (PHP) with minimal fees and costs involved. In addition to other major cryptocurrencies such as Bitcoin and Ethereum, users can now purchase and trade Dogecoin through this platform. This move by coins is especially beneficial for those residing in Southeast Asia as they can now access one more digital asset which would have otherwise been unavailable due to geographical restrictions or limited resources available for purchase and trade elsewhere.
Dogecoin Performance
Despite poor market conditions over the past few months, Dogecoin has managed to retain its popularity among investors with no signs of slowing adoption yet being seen anywhere worldwide. At present, DOGE was trading at $0.0808 – down nearly 2% in the last 24 hours and 9% lower over a two week period since Coins’ announcement about including it on their platform.
Elon Musk’s Involvement
Tesla CEO Elon Musk is also known as ‘Dogefather’, having tweeted several times about Dogecoin over recent weeks – which helped drive up prices significantly during that period before eventually settling down again later on when his tweets stopped appearing so frequently online anymore..
Conclusion
In summary, Coins’ decision to add Dogecoin onto their platform reflects increasing acceptance of this unique crypto-asset into mainstream financial markets – allowing users all around Southeast Asia easier access than ever before while still maintaining low transaction costs associated with buying/selling digital assets like these ones today!
• CoinShares, Europe’s largest investment and trading platform, recorded a 65% income decline in Q4 of 2022.
• The company faced losses due to the FTX collapse as $30 million of its funds were frozen in the exchange.
• The total comprehensive revenue decreased by over 97% since 2021.
CoinShares Q4 Financial Report
CoinShares, Europe’s largest investment and trading platform, is among the companies suffering catastrophic effects of FTX implosion. Though the ongoing market situations have massively decreased the platform’s earnings, the company reports its financial health still “remained solid.” In line with CoinShare’s report for the fourth quarter of 2022, the company recorded a massive income decline of 65% compared to the Q4 earning of 2021.
Income Decline
The European asset manager collectively produced £14.5 million in gains revenue and other income in Q4 last year. In contrast, the platform fetched a combined revenue of £41.9 million in the last quarter of 2021.
FTX Implosion Impact
First, the firm faced a loss of $21 million in May caused by the Terra USD (UST) stablecoin collapse. And while it was recovering from its previous losses; the FTX saga hit the market, wiping out billions of dollars in crypto. CoinShares affirmed that the recent FTX collapse had badly disrupted the company’s performance. The company got $30 million of its funds frozen in troubled exchange after it filed for bankruptcy and halted withdrawals in November.
Total Comprehensive Revenue Decrease
In other words, total comprehensive revenue of previous year has plummeted by over 97% since 2021 reducing platform’s income to £3 million from whopping 113.4 in 2021 despite decreased revenue there are strong financials position according to CoinShares report on this matter..
CoinShares Response
CoinShares tweeted: Amidst difficult market conditions, CoinShares has remained financially robust with strong levels inflow into CoinShares Physical ETPs recorded in Q4 We’re proud to have graduated to Nasdaq Stockholm’s main market testament hard work dedication our team . In last quarter 2022 , Company shut down Consumer Platform survive bear market Instead firm decided focus institutional grade products services
• Bitcoin has been through a difficult year, losing 65% of its market value in 2022.
• Institutional use of crypto assets will increase as companies pilot programs and continue to research the technology.
• Experts believe that Bitcoin price will peak at $29,095 in 2023 before falling to $26,844 by the end of the year.
Bitcoin’s Difficult Year
The past year was extremely difficult for all cryptocurrencies, including Bitcoin. In fact, the largest cryptocurrency in the world has lost approximately 65% of its market value in 2022 due to a succession of tragic occurrences such as the Terra Luna crash and the collapse of FTX, one of the largest cryptocurrency exchanges.
Institutional Use To Increase
Despite this downturn in Bitcoin’s fortunes, there is still hope for recovery. Institutional use of crypto assets is expected to increase as companies begin pilot programs and continue to research this technology. This could lead to more than 500 million people possessing Bitcoin by the end of 2022 according to Ric Edelman from The Digital Assets Council Of Financial Professionals. Fidelity estimates that 60% of institutional investors had invested in digital assets worldwide by 2021.
Expectations For 2023
There are tremendous expectations that 2023 will mark a return for bitcoin with predictions ranging from Anthony Scaramucci’s ‘recovery year’ figure between $50-100k within two or three years, up to Shubham Munde’s estimate that it will reach approximately $35,000 by the end of 2023.
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Crypto Adoption On The Rise
Crypto adoption is on the rise with more people looking into investing into digital currencies like Bitcoin and other altcoins as an alternative asset class or store-of-value option outside their fiat currency holdings; but its price is still constrained by concerns over financial sustainability so it remains volatile compared against traditional investments like stocks or commodities .
• Bitcoin has experienced a bullish trend in 2022, with 49% of the total supply remaining in the same wallet for more than two years.
• Glassnode’s data shows that holders began selling during 2021’s bull market as the price of BTC increased.
• The consistent rise in Bitcoin’s value is an indicator of investor confidence and could lead to greater adoption of the cryptocurrency.
Bitcoin Experiences Bullish Trend
Bitcoin has been on a bullish trend since early 2021, with many investors confident that it will reach pre-2022 levels again. According to data from analytics firm Glassnode, 49% of the total Bitcoin supply has stayed in the same wallet for more than two years, which is equivalent to more than 9.45 million Bitcoins or about $220 billion at the time of writing.
Previous Peak Of Savings
Glassnode further explained this trend with a graph that showed a previous peak in savings during the last quarter of 2020 and beginning of 2021. This ended when holders started selling their coins as prices rose during 2021’s bull market, leading to a drop in savings until December when there was another surge due to consistent increase in Bitcoin’s value.
Indication Of Investor Confidence
The fact that investors have held onto their coins indicates confidence in Bitcoin, which is seen by many institutions as primary market mover and accepted as legal tender by some countries like El Salvador and Central African Republic. There are also reports of BTC being used for donations related to ongoing conflicts such as Russian-Ukraine war.
Bitcoin Reaches New High
Since January this year, Bitcoin is up 38% and recently hit $23,000 for its highest value ever recorded so far this year – showing that investor confidence hasn’t decreased despite bearish markets last year.
Conclusion
The current bullish cycle could be an indication that we are headed towards greater adoption and acceptance of cryptocurrencies like Bitcoin – something investors have been holding onto despite facing bearish markets last year
• Matrixport’s data shows that institutional investors account for 85% of Bitcoin purchases.
• The report suggests that an asset’s performance during US or Asian trading hours can help distinguish whether institutional or retail investors favor it more.
• Bitcoin has seen a 40% price gain since January 1, which suggests that institutional investors are buying.
Institutional investors have not abandoned the cryptocurrency market, at least not according to recent data from Matrixport, a digital asset financial services platform. According to their data, institutional investors now account for a whopping 85% of Bitcoin purchases. This is a strong indication that institutional investors are still very much interested in crypto, and serves as a sign that the bull market is near.
Markus Thielen, the head of research and strategy at Matrixport, believes that the recent data speaks volumes. He believes that it is evidence that institutional investors have not thrown in the towel on cryptocurrency and are still bullish on the asset class. He believes that the data is further proof that the bull market is imminent.
The report from Matrixport also suggests that an asset’s performance during US or Asian trading hours can help distinguish whether institutional or retail investors favor it more. Matrixport explains that if an asset is trading 24 hours and performs well in US trading hours, it is a sign that US institutional investors are buying it. Conversely, if the asset performs well during Asian trading hours, it is a sign that Asian retail investors are buying it.
This theory has been backed up by the recent performance of Bitcoin. Since the start of 2023, Bitcoin has seen a 40% price gain. This suggests that institutional investors are the ones buying Bitcoin, as the majority of the move happened during US market hours.
It is clear that institutional investors have not abandoned the cryptocurrency market, and the data from Matrixport confirms this. The data shows that institutional investors are still very much interested in crypto, and that the bull market is near. The report also suggests that an asset’s performance during US or Asian trading hours can help distinguish whether institutional or retail investors favor it more. Finally, Bitcoin’s 40% price gain since January 1 further suggests that institutional investors are buying.
In conclusion, the data from Matrixport shows that institutional investors have not abandoned crypto, especially Bitcoin. This is a good sign for the crypto market, as it is a sign that the bull market is near. Furthermore, the report suggests that an asset’s performance during US or Asian trading hours can help distinguish whether institutional or retail investors favor it more. Finally, Bitcoin’s 40% price gain since the start of 2023 further suggests that institutional investors are buying.
• Women are increasingly owning cryptocurrencies, with the ownership rate rising from 29% to 34% in the third quarter of 2022.
• This demonstrates that traditional financial markets have failed to be more inclusive of women.
• A survey conducted by eToro revealed that cryptocurrencies are the second most owned asset by women after fiat currency or cash.
In today’s times, there is a growing trend of women investing in cryptocurrencies. A report from eToro titled “Retail Investor Beat” showed that crypto is the second most owned asset by women after fiat currency or cash. This report came after the eToro team surveyed close to 10,000 global retail investors in 13 different countries.
The survey revealed that the adoption of this particular asset class grew substantially among women, with their ownership increasing from 29% in the third quarter of 2022 to 34% in the last quarter of 2022. This implies that somewhere, investing in cryptocurrencies has made more sense to women than investing in or possessing traditional financial assets.
Crypto undoubtedly had its worst year in 2022, with the overall global ownership increasing from just 36% to 39% in a quarter. However, men have barely increased their crypto ownership compared to women, as male ownership witnessed a 1% increase in the aforementioned time period.
The increasing digital asset ownership among women simply demonstrates that traditional financial markets have failed to be more inclusive of women. Despite the lack of broader adoption, women are still taking part in the crypto space, which is a sign that this asset class could be here to stay.
It is clear that cryptocurrency has become a more attractive option for women. Not only does this provide them with more investment opportunities, but it also gives them the ability to make their own decisions, rather than relying on financial advisors or other external sources.
As more and more women are getting involved in the crypto space, it is likely that the trend will continue in the future. This could provide a positive outlook for the industry, as the presence of more women in crypto could bring more stability and trust to the market.
Therefore, the report from eToro shows that women are increasingly investing in cryptocurrencies, and this trend is likely to continue in the future. This could provide a much-needed boost to the industry and could help it become more inclusive and accessible.
• Capitalix is a broker that provides online trading solutions for Forex and CFD markets, including cryptocurrency CFD trading.
• The platform offers a leverage of up to 1:200 for currency pairs and a 1:5 leverage for cryptocurrencies, with no commissions on trades opened and low fees on deposits.
• Capitalix also provides traders with a range of tools and features such as market analysis, charting, and trading signals.
Capitalix is a Seychelles-based online trading platform that gives traders access to both Forex and CFD markets. With more than 150 assets available, including indices, stocks, and precious metals, Capitalix has become a popular choice among traders looking to diversify their portfolios. What makes Capitalix stand out from the competition is its wide range of features and tools, making it suitable for both beginners and experienced traders.
When it comes to trading, Capitalix offers a leverage of up to 1:200 for its currency pairs and a 1:5 leverage for cryptocurrencies. This allows traders to open a position with a smaller investment, making it easier to take advantage of market opportunities. Furthermore, Capitalix does not charge any commissions on trades and withdrawals are free, with a low 3% plus 0.25 cents fee per deposit.
In addition to trading, Capitalix provides traders with a variety of tools and features to help them make informed decisions. These include technical analysis, charting tools, and trading signals. The platform also offers a variety of educational tutorials and resources to help traders improve their knowledge and skills.
Overall, Capitalix is a great choice for traders looking for a reliable and secure online trading platform. With its wide range of features, competitive fees, and educational resources, Capitalix offers an excellent way to get started in the world of trading.
Bullet Points:
• Crypto.com announces 20% global workforce reduction
• 700-900 employees impacted
• Decision based on “negative economic developments”
Crypto.com, a Singapore-based cryptocurrency exchange, recently announced a global cut-off of its workforce, expressing how difficult it is to implement this decision. Kris Marszalek, Co-Founder & CEO of Crypto.com, said in a company update published Friday morning, “Today we made the difficult decision to reduce our global workforce by approximately 20%.” As Crypto.com has between 3,500-4,500 employees, the 20% headcount reduction will impact around 700-900 employees.
The decision to lay off workers has nothing to do with the company’s overall performance or stability. However, it’s more because of the adverse economic developments happening globally. Kris mentioned that part of the company’s decision to reduce headcount includes the need to focus more on prudent financial management and to position the company for long-term success over time. “We grew ambitiously at the start of 2022, building on our incredible momentum and aligning with the trajectory of the broader industry. That trajectory changed rapidly with a confluence of negative economic developments,” said Kris.
The news of Crypto.com’s workforce reduction follows a string of similar announcements from other cryptocurrency companies in the past few weeks. This downturn in the industry is likely to continue as the economic situation worsens, and companies must take measures to ensure their long-term success. Crypto.com’s decision to reduce its global workforce is a difficult one, but it is one that must be taken in order to safeguard the company’s future.
Crypto.com’s announcement of its global workforce reduction comes as a shock to many in the cryptocurrency community. The loss of jobs has a real impact on individuals and their families, and it is a reminder of the current economic conditions that many in the industry are facing. Despite the difficult decision to lay off workers, Crypto.com remains committed to its mission of bringing cryptocurrency to the masses. The company will continue to do its best to provide the best services to its customers and remain a leader in the industry.
