Investments in cryptocurrencies reach a record last week, according to CoinShares. Bitcoin leads the total investment flow.
According to a recent report from CoinShares, cryptocurrency and Bitcoin investment products, as well as more digital assets, saw a notable increase in inflows last week. Reaching its highest point since July 2022.
During that week, a total of $326 million was invested in digital asset investment products, with Bitcoin standing out as the leader, accounting for 90% of the total investment flow.
The CoinShares report highlighted that Bitcoin attracted investment of $296.3 million, representing 90% of inflows. Although there was also an increase in investments of $15 million in short Bitcoin investment products due to recent price increases.
SEC Regulator Gary Gensler Celebrates Bitcoin’s 15th Anniversary
The chairman of the United States Securities and Exchange Commission, Gary Gensler, has surprised the cryptocurrency community by wishing Bitcoin a happy birthday in a post from his X account. In addition, Gensler took advantage of the Halloween holiday to launch a mockery of the mysterious creator of the cryptocurrency.
In a joking tone, Gensler wrote in his tweet: “If Satoshi Nakamoto dressed up as Satoshi Nakamoto on Halloween, would we be able to recognize him?”
“If crypto is going to be widely adopted, it needs some rules of the road & a cop on the beat to enforce them. To be clear, I am technology-neutral. What I’m not neutral about: Investor protection,” posted Gensler on X.
In his message shared this Tuesday, the top US financial regulator reminded companies related to cryptocurrencies of the importance of complying with securities laws.
Turkey Advances in Cryptocurrency Regulation to Get Off the FATF “Gray List”
Turkey is in the process of drafting new regulations aimed at supervising cryptocurrencies. All this, in an attempt to convince the Financial Action Task Force (FATF) to remove the country from its “gray list” of nations that have not taken sufficient measures against money laundering and the financing of terrorism.
The FATF included Turkey on this gray list in 2021, noting that the country complied with all regulations established by the organization, with the exception of issues related to cryptoassets.
Turkish Finance Minister Mehmet Simsek mentioned his intention to propose a new law on crypto assets to Parliament to address this issue, although he did not specify the necessary legislative changes.
The FATF, set up by the G7 group of advanced economies to protect the global financial system, had warned Turkey about “serious shortcomings” including the need to improve measures to freeze assets linked to terrorism and weapons of mass destruction proliferation in 2019.
Onyx Protocol, DeFi Project, Loses Almost $2 Million in Ethereum Due to Alleged Exploit
Blockchain analysis company PeckShield has announced that the decentralized finance (DeFi) project known as Onyx Protocol has suffered a loss of approximately $2 million in Ethereum due to an alleged exploit.
PeckShield has informed the community about a $2.1 million incident related to an exploit in the project. Furthermore, the purported Onyx Protocol hacker’s wallet has a balance of 1,164 ETH, which is equivalent to approximately $2.1 million. So far, Onyx Protocol has not issued any comments or statements regarding the incident, and the information available about the exploit is limited.
By Leonardo Pérez
