Blog and Learning Center

We have now seen 9 consecutive weeks of positive institutional inflows into digital asset-related investment products, indicating a strong demand for digital assets at the institutional level. This year, more than $1.5 billion of institutional liquidity has flowed directly into Bitcoin-related investment products.

BlackRock's Revised Bitcoin ETF Model: A Strategic Compromise with the SEC BlackRock, a global asset manager, recently engaged in discussions with the Securities and Exchange Commission (SEC) regarding its application to launch a Bitcoin spot ETF in the United States. In response to SEC concerns, BlackRock has adjusted its ETF blueprint to find common ground on the Bitcoin redemption model.

In a significant milestone, Dogecoin (DOGE) has exceeded five million wallet addresses with a balance, aligning with a surge in user activity. Over 168,000 active addresses in the last day mark the highest level of involvement since March 2022. While the total number of addresses with a balance provides a positive outlook, concerns about ownership concentration persist.

Binance Faces Landmark $4.3 Billion Settlement and Leadership Change Binance is criminally charged with breaking sanctions and money-transmitting laws. The exchange agrees to a historic $4.3 billion settlement, marking one of the largest penalties obtained by the U.S. from a corporate defendant. Founder Changpeng Zhao (CZ) pleads guilty, agreeing to pay a $50 million fine and step down as CEO.

The crypto market has experienced significant movements and developments in recent days, with Bitcoin prices surging to near $38,000. This rally probably triggered a "short squeeze," leading to the liquidation of just under $50 million in Bitcoin shorts within a four-hour period. The short squeeze phenomenon occurs when short sellers, anticipating a price drop, are forced to cover their positions, further driving the prices higher.

Bitcoin ETF Prospects: One of the most highly anticipated developments in the crypto market is the potential approval of a Bitcoin Exchange-Traded Fund (ETF). This financial product could provide a significant boost to Bitcoin's adoption among both retail and institutional investors. The involvement of major market-making firms like Jane Street, Virtu Financial, Jump Trading, and Hudson River Trading in discussions with BlackRock is a clear signal of growing interest in cryptocurrencies.

The market has been a hotbed of activity in recent times, with a series of significant developments and events making headlines. From regulatory challenges and legal battles to market optimism and technological advancements, the crypto industry is in a constant state of flux. We will delve into some of the latest news and developments in the crypto space, shedding light on their implications and what they mean for the future of digital assets.

Ethereum's Surging Supply Concerns: Ethereum has seen a significant increase in its circulating supply, with over $47 million worth of Ether tokens added within the last month. This development has stirred concerns, especially among those who anticipated Ethereum's shift to proof-of-stake to render it a deflationary asset.

The crypto market in Q3 2023, echoing the broader mood of the year, has been steeped in challenges and caution. The year began with the crypto market recovering from significant losses in 2022, where Bitcoin dropped 64% and many tokens saw a decline of 80-90%.

Ethereum Futures ETFs Debut with Caution The cryptocurrency community witnessed the launch of the first Ethereum futures ETFs, marking a significant step in bringing more institutional investment to the world's second-largest cryptocurrency by market cap. However, these ETFs did not have a dazzling debut, with some of them experiencing a decline in value and limited trading volume on their first day of trading.

Litecoin (LTC), one of the first, if not the first, altcoin, has experienced a remarkable resurgence in value, bouncing back from a 2023 low of $58 to retest the $70 mark on October 2, 2023. This resurgence is a noteworthy development in the world of digital currencies and has drawn attention to the role of influential investors known as "whales."

Binance's Russian Riddle A major development that grabbed headlines is Binance's decision to exit the Russian market amidst looming reports of a U.S. Department of Justice investigation into sanctions violations. Binance's decision has left many in the crypto world puzzled, especially given the emergence of CommEX.

According to a Securities and Exchange Commission filing today, Michael Saylor's MicroStrategy purchased an additional 5,445 bitcoins for $147.3 million, at an average price of $27,053 per bitcoin, between Aug. 1 and Sept. 24. With this recent purchase, the company's bitcoin holdings total roughly 158,245 bitcoins, valued at approximately $4.1

Crypto Happenings in early September MetaMask Scams Targeting Government Websites: One of the most concerning developments was the discovery of MetaMask scams infiltrating government-owned websites across multiple countries, including India, Nigeria, Egypt, Colombia, Brazil, and Vietnam. Scammers took advantage of these official platforms to deceive unsuspecting visitors.

The UK Crypto Travel Rule came into effect on Friday, 1st of September 2023. As a part of these guidelines, you may have noticed changes in cryptocurrency deposits and withdrawals to and from your ICONOMI account. ICONOMI once again stands at the forefront of compliance.

The past week in the cryptocurrency market has been marked by relatively stable prices. This sustained period of price consolidation could indicate an accumulation phase, potentially setting the stage for a significant price movement in the near future. While Bitcoin remains in a balance between bullish and bearish forces, there have been several noteworthy events and developments within the crypto market.

The Argentine Peso collapsed an additional 22% yesterday, in one day! Year-on-year inflation in Argentina has hit 115%, poverty has soared, and the value of the peso has plummeted. Yesterday, the Argentine central bank made a desperate effort by raising interest rates from 97% to 118% while simultaneously cutting the official dollar exchange rate by 22%.

Here's what's moving the cryptocurrency market this week 📊 Digital assets are historically known for increased volatility, however, the market is currently experiencing an extreme volatility compression. Fewer than 5% of trading days have a tighter trade range. Bitcoin and the overall cryptocurrency market are in a consolidation phase.

Dogecoin (DOGE) has been making waves in the market, attracting attention from investors, enthusiasts, and the broader public. This playful and meme-inspired digital currency emerged in 2013 and was initially considered a joke. However, its popularity skyrocketed due to widespread social media exposure and the support of influential figures like Elon Musk.

We saw a remarkable surge in assets under management (AUM) for crypto funds in recent years. From 2018 to 2022, these funds have experienced substantial growth, and the trend continued with a significant spike in AUM in July 2023. Since the beginning of 2018, the AUM of crypto funds has been on an upward trajectory, reflecting the increasing interest and investment in the digital asset space.

Bitcoin Under Pressure Since Bitcoin printed a new yearly high at roughly $31,800, downside pressure has moved into the cryptocurrency market. Bitcoin is down roughly 2% from Monday's open and 9% since the new yearly high on the 13th of July. At the same time, a rotation into the US Dollar Index can be observed.

▶ Institutional Inflows: Over the previous four weeks, institutional inflows into digital asset investment products have increased by more than US$742 million, marking the longest streak of inflows since the fourth quarter of 2021. Last week, Bitcoin witnessed inflows of US$140 million, or 99% of all inflows.

🚀 XRP Takes Center Stage: XRP HODLERS have finally been rewarded, with the crypto closing almost 70% higher than it opened yesterday. XRP touched highs of USD 0.945 before marginally retreating to USD 0.7735. The case between the SEC and Ripple has finally concluded.

Digital Asset Institutional Inflows Following 8 weeks of institutional withdrawals from digital asset-related investment products, the market experienced its greatest institutional weekly inflows in over a year, totalling U$199 million. Because of the several Bitcoin spot ETF applications in the US, institutional inflows have recovered to the tune of $334 million in the last two weeks (data courtesy of Coinshares).

The cryptocurrency market in the first half of 2023 has been a whirlwind of volatility and regulatory scrutiny. Despite the challenges, digital currencies have managed to hold their value and deliver positive price movements. One of the significant events shaping the crypto market was the increased regulatory oversight by the US Securities and Exchange Commission (SEC).

After strong gains across the cryptocurrency market the week previous, Bitcoin is currently consolidating around the 31,000 level of resistance. However, over the past week, roughly US$200 million of institutional liquidity flowed into digital asset investment products, the largest weekly inflow since July 2022. The inflows offset more than half of the institutional outflows over the past 9 weeks.

📈 Institutions are BULLISH on BTC: This week, Bitcoin exploded to the 31K USD resistance level due to news of institutions piling into the cryptocurrency market, despite the ongoing legal battles between the SEC, Binance and CoinSpot. The largest fund on the planet (BlackRock) applied for Bitcoin Spot ETF, highlighted last week.

🏢 Is the FED pivot here? This week, the Federal Reserve decided to keep interest rates on hold for the first time in 15 months. There have been 10 consecutive interest rate hikes in the US. Jerome Powell stated that there would be another 2 possible rate hikes later this year, with analysts calling it a "Hawkish Pivot".

Here are some of this week's crypto headlines! XRP Gaining Momentum: XRP is on the cusp of another bullish breakout from a bull flag formation. The CEO of Ripple believes that the payment industry giant will win the SEC lawsuit in a landmark manner. In an interview, Brad Garlinghouse expressed his confidence that the SEC vs.

📉 Technical Analysis BTC At $30,000, Bitcoin has attained its first significant milestone. As we can identify an important resistance level, a bearish divergence on the 2-day chart, and a negative trend line resistance, this level may come under renewed selling pressure. Although BTC's 100% YTD gain is encouraging, a stop or correction is likely in the next few days or weeks due to the technical structures.

There are countless scenarios in crypto where you would like to have as much control over your investment as possible. We’re giving you just that with Smart Rules, opening up the automated features of ICONOMI to all investors on the platform. There are two parts to Smart Rules; one set of them allows you to invest gradually, and the other gives you even more control over the funds copying Strategies.

BitCourier is an independent UK crypto community sharing content, information and interviews about happenings, events, and with people within the blockchain and fintech fields. They are the first crypto enthusiast community in the United Kingdom. They were kind enough to sit down with Peter, ask a few questions, and post the conversation on their blog.

Our first major update of the year comes quite early, and it’s a big one - an update which will enhance the user experience while reducing risks. In short, these updates focus on improvements to our trading engine, a commitment to further investing in compliance and risk management, a partnership with Elliptic, and the verification of our proof of reserves and proof of liability by a reputable external auditor.

On Friday, 23 September, 2022, we had an AMA on our Discord channel. We'd like to share with you some of the questions our users had for us. If you would like to see all questions answered, please check out our Discord channel!

There are a few things as exciting as launching a new currency. Good news for users in the UK and the rest of Europe! ICONOMI is rolling out British Pound Sterling (GBP) payments for users. This means that you can process GBP payments through your account without the cost and complexity of foreign exchange processes.

One of the biggest crypto chains, Ethereum, is switching from PoW (Proof of Work) to PoS (Proof of Stake). The Ethereum merge will greatly lessen Ethereum’s carbon emissions, but there may be some price deviations during and right after The Merge. By current estimations, The Merge will happen on the 15th of September.

You asked, we delivered. Start investing in copy trading Strategies with credit cards in less than 5 minutes without paying any bank transfer fees. During a volatile market, it is more important than ever to deposit funds into your copy trading account promptly. This means you won’t have to wait 1-3 days for your money to show up on your account while also getting the best experience possible.

COSMOS and CARUS-AR behind the scenes Introduction Ever wondered how Strategists achieve amazing returns and always know which asset to add at the right time? Well, a lot of it has to do with the day to day market monitoring and technical analysis.

Here you form a long-term connection. Instead of an upfront reward for others to the platform, ICONOMI’s Affiliate Program is designed around our product: Crypto Strategies. Each Strategy has a fee system. We split ICONOMI’s gains with the users under the Affiliate Program.

On 4.3.2021 we participated in an online Zoom event, hosted by one of our Strategists. The 100 participants had several good questions about our product so we decided to follow up with a short transcript. Does ICONOMI provide any videos that explain how to create and lead Crypto Strategies? Great question!

Rebalance Filtering & Weight spread In the rebalance process, users may now expand the filter field beneath the input and filter coins by specific categories. This is especially useful for creating category-based Strategies like “DeFi Strategy” or “Infrastructure Strategy.” Besides that, users may now use ‘Fill Equally’ or ‘Fill Proportionally’ functions to spread the remaining weight among assets that are already included in the Strategy.