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Hong Kong's New Capital Investment Entrant Scheme, a visa targeting wealthy migrants, accepts crypto as a means to prove required net worth, a spokesperson confirms.

At the same time, large institutional investors will continue to ratchet up their portfolio allocations to Bitcoin. Right now, institutional investors are allocating about 1% of their portfolios to Bitcoin.

The majority of scams involved gaining access to notable people's social media accounts through social engineering.

Circulating and advertising digital currencies is banned in Russia, although using cryptocurrency for international payments is now legal, as is cryptocurrency mining. "bestchange.ru has been restricted in Russia by Roskomnadzor," the platform said late on Monday in response to a request for comment.

Crypto investment products saw a surge of $1.3 billion in net inflows last week, marking the fifth consecutive week of inflows.

Bitcoin is holding above $95,000 despite heavy selling pressure, briefly dipping to $94,726 on Feb. 9 before recovering.

Cryptocurrency exchange-traded products (ETPs) recorded their fifth consecutive week of inflows, reaching $1.3 billion, according to CoinShares.