• DemaTrading.ai conducted a survey of the leading cryptocurrency exchanges and found that poor customer service is leading to customer inactivity.
• The survey identified that too many options and lack of research were the primary reasons for customer inactivity.
• The survey also revealed that 60%+ of the digital assets on exchanges are not traded.

DemaTrading.ai, an index solution provider, recently conducted a survey of the leading cryptocurrency exchanges in an effort to uncover the reasons why exchange customers stay inactive. The survey drew from conversations with over 30 exchanges and 50 investors, revealing some of the most common causes of customer inactivity.

The survey identified that too many options was a primary reason for customer inactivity, with the average exchange having hundreds of assets listed. This presents a challenge for customers, who often don’t want to research all of these assets and end up not choosing anything at all. Furthermore, the survey revealed that 60%+ of the digital assets on exchanges are not traded, meaning that customers are not necessarily presented with the best options.

Poor customer service was another common reason for customer inactivity identified by the survey. It discovered that many exchanges are unable to provide the level of customer service that customers are looking for, whether it’s in terms of response times, customer support, or overall usability of the platform. The survey concluded that this lack of customer service is a key factor in why customers become inactive.

Finally, DemaTrading.ai’s survey highlighted that many exchanges are failing to properly educate their customers about the risks involved in investing in digital assets. This lack of education can lead customers to making poor decisions which can result in losses. As such, the survey concluded that exchanges should do more to ensure that customers are aware of the risks they are taking when investing in digital assets.

In conclusion, DemaTrading.ai’s survey of the leading cryptocurrency exchanges has found that poor customer service and lack of research options are the primary reasons why customers remain inactive. Furthermore, it highlighted that many exchanges are failing to properly educate their customers about the risks involved in investing in digital assets. As such, it is important for exchanges to take a proactive approach in addressing these issues in order to ensure that customers are provided with the best options and are aware of the risks they are taking.

• Bitcoin and most altcoins saw a second consecutive Saturday of huge gains, with Bitcoin hitting an 18-week high of $21,500.
• This surge has resulted in over $300 million dollars of short positions being liquidated.
• The new year has been a good one for BTC bulls, with the asset adding over $5,000 in the first few weeks of the year.

The crypto market saw a huge surge this past Saturday, with Bitcoin and most altcoins seeing their prices soar to levels not seen in several weeks. After a few days of trading sideways and even slipping below $21,000, the bitcoin bulls returned on Saturday morning to push the asset to its highest price tag since September 13. This surge was felt across the crypto market, with most altcoins performing well as well.

This surge has resulted in over $300 million dollars of short positions being liquidated. This is due to traders who had bet on the price of Bitcoin and other cryptos going down being forced to close out their positions at a loss. This sudden influx of buy orders for cryptos had a huge effect on the market, pushing prices up significantly.

The new year has been a good one for BTC bulls, with the asset adding over $5,000 in the first few weeks of the year. This surge has been fueled by increasing institutional interest in the asset, with several large companies and investment funds investing in Bitcoin. This institutional interest has been accompanied by increasing retail interest, with more and more individuals investing in Bitcoin.

The recent surge in Bitcoin and other cryptos has been a welcome development for many in the crypto community. After the painful losses of 2022, many had lost faith in the asset and had given up on it ever returning to its previous highs. However, this surge has given them hope that the asset will not only regain its previous highs, but could even exceed them.

All in all, this past Saturday’s surge has been a welcome development for the crypto community. With Bitcoin and other cryptos reaching levels not seen in months, and with over $300 million dollars of short positions being liquidated, it appears that the bull market is back and here to stay. Only time will tell how far this surge will go, but many are hopeful that it will lead to a new all-time high for Bitcoin.

• The US Department of Justice recently announced that victims of the $2.4 billion BitConnect Ponzi scheme will receive $17 million in restitution.
• The restitution will be distributed to nearly 800 victims from over 40 different countries.
• The court found that BitConnect operated a “textbook Ponzi scheme” by paying earlier investors with money from later investors.

Victims of the BitConnect Ponzi scheme may finally get some reprieve as the US Department of Justice recently announced that they will receive $17 million in restitution. BitConnect was a cryptocurrency lending and exchange platform which defrauded thousands of investors across the world. It was ordered by the United States District Court for the Southern District of California to distribute the restitution to nearly 800 victims from over 40 different countries due to their investment losses in the scheme.

The court found that BitConnect was operated as a “textbook Ponzi scheme” by its founders, who used money from new investors to pay out returns to earlier investors. The fraud was perpetrated by the platform’s founders, in particular Italian national John Anthony Caparco, who was found guilty of one count of conspiracy to commit wire fraud and one count of conspiracy to offer unregistered securities.

The court’s ruling also ordered that Caparco and his co-conspirators should pay a total of $4.2 million in disgorgement and a civil penalty of $1.8 million. The ruling further states that the restitution should be distributed to victims “in proportion to the net pecuniary losses they suffered as a result of the Defendants’ fraudulent conduct”.

The court also found that the defendants had employed a number of deceptive tactics to conceal the fraud and mislead potential investors. These tactics included false claims about the platform’s purported investments and profits, as well as the false promise of guaranteed returns on investments.

The court’s ruling is a welcome relief for the thousands of victims of the BitConnect fraud. The ruling serves as a reminder of the importance of researching and understanding the investments one is making before investing in any cryptocurrency platform. It also serves as a reminder that the cryptocurrency market is still largely unregulated and investors should be extremely careful when investing in any cryptocurrency platform.

• JP Morgan Chase Asset Management Chief Global Strategist David Kelly has called on the Federal Reserve to stop raising interest rates to avoid tipping the economy into a recession.
• He predicted that the Fed will continue to raise interest rates beyond February, into their March and May meetings, bringing the benchmark rate to over 5%.
• Kelly suggests that the Fed has “won” its war against inflation, and that it is now time to focus on keeping the U.S. economy intact.

JP Morgan Chase’s Asset Management Chief Global Strategist David Kelly recently suggested that it is time for the Federal Reserve to stop hiking interest rates in order to keep the U.S. economy intact. In an interview with Bloomberg on Thursday, Kelly predicted that the Fed will continue raising interest rates beyond February, and into their March and May meetings, bringing the benchmark rate to over 5%.

Kelly believes that the Fed has already “won” its war against inflation, and should now focus on avoiding a potential recession. He noted that the economy may tip into recession if the Fed continues to raise interest rates – a risk that could have serious implications for the U.S. economy as a whole. Kelly suggested that the central bank should instead focus on nurturing economic growth and stability, rather than fighting inflation.

The analyst suggested that the Fed should look for other ways to combat inflation, such as fiscal policy, instead of relying solely on rate hikes. He noted that the central bank should consider using other tools, such as quantitative easing, to maintain price stability. This would help to ensure that the U.S. economy remains strong and stable, without risking a recession.

Overall, Kelly believes that it is time for the Federal Reserve to stop raising interest rates in order to keep the U.S. economy intact. He suggests that the central bank should focus on other tools, such as fiscal policy and quantitative easing, to maintain price stability, rather than relying solely on rate hikes. Doing so would help to ensure that the U.S. economy remains strong and stable, without risking a recession.