Bitcoin Posts Outflow for Second Straight Week, CoinShares Data Shows

Bitcoin Posts Outflow for Second Straight Week, CoinShares Data Shows

Bitcoin investment products and funds registered outflows for a second consecutive week, according to data from digital asset manager CoinShares released on Monday, highlighting investors’ cautious sentiment on the cryptocurrency sector as prices continued to stall. Bitcoin outflows hit $10.4 million (roughly Rs. 77 crores) in the week ended July 16, after outflows of $6.9 … Read more

Australian Regulator Seeks Feedback on Managing ‘Risky’ Crypto Assets

Australian Regulator Seeks Feedback on Managing

Australia’s securities regulator said on Wednesday it would consult market participants on proposals to identify appropriate crypto assets and set up good market practices for financial instruments that expose them to digital currency-backed assets. The move comes as governments and regulators worldwide try to regulate the digital assets industry in the wake of rising investor … Read more