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Showing posts with the label flows

Digital assets see new record of $2.9 billion weekly inflows

Digital assets saw a new weekly record as inflows hit $2.9 billion last week. Bitcoin recorded inflows of $2.86 billion, while Ethereum, Solana and Polygong saw minor outflows. CoinShares shared the details in its Digital Asset Fund Flows report published on Monday, March 18. The crypto investment space saw a record $2.9 billion in inflows last week, digital assets manager CoinShares says. Per the report, the figure beat the previous week’s $2.7 billion, with this a seventh consecutive week that crypto investment products are seeing inflows. “ This week’s in flows have pushed year-to-date in flows to US$13.2bn, smashing the full 2021 in flows of US$10.6bn ,” CoinShare’s global head of research James Butterfill noted in the Digital Asset Fund Flows report published on Monday, March 18. Bitcoin saw inflows of $2.86 billion In a week where Bitcoin price shot to a new all-time high above $73k before flipping negative to test lo...

EU central banks and BIS are developing a data platform to monitor cryptocurrency and DeFi flows.

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The Bank for International Settlements, in collaboration with several prominent European central banks, is in the process of constructing a sophisticated system designed to monitor the global movements of cryptocurrencies. The Bank for International Settlements (BIS) has recently unveiled a proof-of-concept (PoC) for a cutting-edge system aimed at tracking both on-chain and off-chain transactions originating from cryptocurrency exchanges and public blockchains, including the pioneering Bitcoin network. In a collaborative effort with the Deutsche Bundesbank, De Nederlandsche Bank, the European Central Bank, and the Bank of France, the BIS has proudly announced the successful culmination of Project Atlas, a PoC endeavor geared towards assessing the macroeconomic significance of cryptocurrency markets and de central ized finance (DeFi) protocols. The BIS Innovation Hub has divulged comprehensive details of this groundbreaking concept, which strives to offer invaluable insights, infor...