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