Institutional Crypto Investments Dropped 95% to $433 Million in 2022
It's the lowest annual deposits seen since 2018, a 95% decrease from 2021, according to CoinShares.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Mercado Bitcoin Freezes Deposits and Withdrawals After $40M Crypto Security Alert
Key Takeaways: Mercado Bitcoin blocked deposits and withdrawals after it spotted a security incident. According to the company, Hy...
Binance Hackers Swap About $50 Million of Stolen XRP Mostly Into Bitcoin, Elliptic Says
Bitcoin Magazine Binance Hackers Swap About $50 Million of Stolen XRP Mostly Into Bitcoin, Elliptic Says Hackers tied to the recor...
Kraken Parent Payward Takes AAVE Stake as Institutions Look Deeper Into DeFi
TL;DR: Payward, the infrastructure company behind Kraken, said November 5 that an affiliated fund and its clients had acquired an...
Bitcoin vs. Gold: Peter Schiff Highlights Strategy’s $75.5K Cost Basis and Missed 30% Return Target
The gold advocate used the development to question Michael Saylor’s six-year Bitcoin investment strategy, arguing that gold delive...
Ex-FBI Agent’s Plea Puts Crypto Theft at $2.47 Million, Over Twice What He First Told the FBI
Patrick Steven Yaroch, a 37-year-old former FBI agent from Ashburn, Va., pleaded guilty on Nov. 5 to wire fraud and money launderi...
Bitcoin Gains Drive Strive's $474.8 Million Q3 Profit
SATA and SATS imply about $287.4 million in annual dividends at November rates and Oct. 30 share counts, a cost excluded from its...