• [lwptoc]

    Bitcoin retests $37K support, gold, and stocks drop lower over Fed comments

Steady BTC inflows to crypto exchanges and fallout from the Federal Reserve’s plan to hike interest rates dropped Bitcoin price to the $37,000 support. Bitcoin (BTC) price dropped another notch to $37,365 today after a failed attempt by bulls to retake the $40,000 level. 

  • The official Algorand (ALGO) wallet is now fully open source

The official Algorand wallet is now open-source and its codebase has been made publicly accessible, the protocol said in a blog post today. “Open source” is a form of software distribution wherein the source code is publicly available to anyone who wants it, and programmers can read or change that code if they desire. This is unlike “closed source,” where no member of the public can view what goes behind the scenes.

  • India’s crypto industry attracts foreign funds, but local investors remain wary

Blue-chip venture capital funds, known for making risky bets, are eager to invest in Indian crypto and blockchain startups, but say the uncertain policy environment is standing in their way. In the meantime, international funds are scooping up early winners and reaping the benefits of startups founded by Indians in the blockchain ecosystem.

  • The Rise of Shiba Inu Coin Shows Crypto’s New Dynamics

Shiba Inu coin, created in August 2020 by an anonymous person calling themselves Ryoshi, is billed as an alternative to Dogecoin, which itself was created as a lighthearted option to Bitcoin. Shiba Inu feels as if it was willed into existence, and is now being listed on major crypto exchanges through the power of memes, crowds, persistence—and a cute dog. 

  • Investors are balancing crypto volatility with lower-risk bets, study shows

Investors are proceeding to adjust their risk in the stock market with a more diverse portfolio, to mitigate against the volatility they are seeing with their crypto investments. There are signs that crypto will become more of a legitimate asset class, and could in the future be an important option for investors who have the capacity and flexibility in their portfolio to manage the risk.