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US Crypto Holders Trust Banks and Exchanges for Custody

US Crypto Holders Trust Banks and Exchanges for Custody

A recent survey by Paxos revealed that a majority of US crypto holders still trust banks, exchanges, and mobile payment apps for custody of their assets. Despite high-profile collapses and poor risk management practices, crypto owners continue to trust intermediaries for holding crypto assets. The survey also found an increasing desire among consumers to purchase Bitcoin and other digital assets from traditional banks, presenting a significant untapped opportunity for banks to expand their offerings.

Bitcoin Funding Turns Negative amid 70% of BTC Circulating Supply Being Hodled

Bitcoin Funding Turns Negative amid 70% of BTC Circulating Supply Being Hodled

BTC funding flipped negative following long liquidations as prices slipped to lows of $42,000.

Bitcoin Hodlers Experience Profits on Majority of Trading Days

Bitcoin Hodlers Experience Profits on Majority of Trading Days

Bitcoin's profitability challenges the narrative of depreciating volatility. 88.50% of Bitcoin's tradable days were profitable for hodlers, with just 11.56% being unprofitable. Understanding market cycles is crucial for investors, while some prefer daily trades. General Bytes shut down its cloud services due to a discovered security vulnerability.

Bitcoin Investors Showcase Renewed HODLing Behavior Amid Market Uncertainty

Bitcoin Investors Showcase Renewed HODLing Behavior Amid Market Uncertainty

Despite recent market downtrends, Bitcoin investors are increasingly adopting HODLing behavior, indicating a shift towards accumulation, according to Glassnode Insights.

Hodlnaut Held Up to $13m on FTX Prior to Withdrawal Halt

Hodlnaut Held Up to $13m on FTX Prior to Withdrawal Halt

Bankrupt crypto lending firm Hodlnaut may have $13M locked in FTX

Algorand Foundation Faces $35M Losses from Exposure to Hodlnaut

Algorand Foundation Faces $35M Losses from Exposure to Hodlnaut

The losses at Algorand relate in part to exposure to Hodlnaut. The firm said it is pursuing a legal approach to recover such losses from Hodlnaut.

Bitcoin is Showing Short-Term Weakness, says Crypto Analyst

Bitcoin is Showing Short-Term Weakness, says Crypto Analyst

Crypto analyst Carl Martin has noted that Bitcoin is showing signs of weakness in the short term.

Bitcoin Hodlers are Unwilling to Spend at Lower Prices as Most Coins Remain Untouched

Bitcoin Hodlers are Unwilling to Spend at Lower Prices as Most Coins Remain Untouched

Despite the bearish momentum experienced in the Bitcoin (BTC) market, long-term hodlers remain steadfast because they are not selling.

Singapore Crypto Lender Hodlnaut Suspends Withdrawals, Citing Tough Market Conditions

Singapore Crypto Lender Hodlnaut Suspends Withdrawals, Citing Tough Market Conditions

Hodlnaut on Monday suspended all withdrawals, swaps, and deposits on its platform and said it is exploring potential recovery plans options.

The Biggest Cryptocurrency Exchanges In 2021

The Biggest Cryptocurrency Exchanges In 2021

It can be extremely scary to invest in cryptocurrencies especially for a new time investor due to the constant news they hear about scams.

Long-Term Hodlers Remain Unfazed, Despite Bitcoin’s Sentiment Hitting Rock Bottom

Long-Term Hodlers Remain Unfazed, Despite Bitcoin’s Sentiment Hitting Rock Bottom

As Bitcoin stagnates between the $29K and $30K levels, sentiment about the leading cryptocurrency has nosedived to levels last seen during the onset of the Covid-19 pandemic in March 2020.

Bitcoin Inflows Into Exchanges Hits a 5-Month Low

Bitcoin Inflows Into Exchanges Hits a 5-Month Low

Bitcoin inflows into crypto exchanges dropped to a 5-month low.

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