Crypto Espresso: Your quick shot of the latest crypto moves and news

Your quick shot of the latest crypto moves and news, the Crypto Espresso is brought to you by Capital.com Australia (AFSL 513393), a multi-award winning global investment trading platform.

Morning Coinheads.

It’s Friday morning in Sydney – and Kuala Lumpur has the Bitcoin by the horns.

Peter Schiff says hedge your crypto hedge.

And we have a price prediction on Doge – is the meme coin more bark than drool?

Come. Stay. Sit.
 

Investing in BTC is ‘moving from the frying pan to the fire’

Capital.com exclusive: Crypto’s much-vaunted status as an inflation hedge is a myth because they suffer from the same weakness as fiat currencies in that they are only backed by confidence, says economic commentator Peter Schiff.

Malaysia is well placed to become a regional crypto hub

Capital.com: Crypto payment provider TripleA estimates that 3.1% of Malaysians – just over one million people – own cryptocurrency. The company is just one of many to refer to Malaysia as the next regional crypto hub.

Crypto custody case shows DeFi becoming mainstream

Capital.com: Cryptocurrency proponents are monitoring a Canadian court ruling that granted interim custody of $16m (£12.12m) in allegedly stolen digital assets to a third party to see how it could affect decentralised finance (DeFi) in the future.

Dogecoin price prediction: Is it set for a new rally?

Capital.com: Canine-inspired meme coin Doge has made its appearance on the high streets of the USA and with it a 12% price uplift.

Two men arrested for $1M non-fungible token ‘rug pull’ scheme

Toronto Sun: Two men were arrested and charged with scamming buyers of non-fungible tokens (NFTs) worth $1.1 million, authorities said on Thursday, in what appeared to be the first US federal criminal case involving the class of digital assets whose popularity exploded last year.

Market Wrap: Cryptos rise as Russia mulls Bitcoin for oil payments 

Coindesk: Most cryptocurrencies traded higher on Thursday after Russia’s Duma committee chairman suggested during a news conference that Bitcoin could be accepted as payment for the nation’s oil and other resource exports.

This article was developed in collaboration with Capital.com Australia (AFSL 513393), a Stockhead advertiser at the time of publishing.