A new survey by Finder.com found several financial strategists peg a price target of $5,000 for Ethereum, more than 100% of its current value. According to the forecast, fintech panelists have opined that the prices of Ethereum will continue to soar as 80% of applications are built on the Ethereum blockchain. The panelists have also …
Continue reading “Why crypto strategists predict Ethereum to cross the $5000 mark before 2022”
Dogecoin (DOGE) jumped nearly 50% this morning as ‘Dogecoin Killer’ Shiba Inu (SHIB) fell -10%, displaying signs of a mean reversion trade to bring the Dogecoin and Shiba Inu market caps to parity. Mean reversion strategies attempt to capture profits as the price of asset returns to more normal levels, or the average. Such a …
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The Bitcoin Mining Council (BMC) has recently published the findings of its Q3 2021 survey, which revealed that the global Bitcoin (BTC) mining industry continues increasing the utilization of sustainable energy. The BMC is a voluntary association of Bitcoin miners, founded in May 2021 with support from some of the largest Bitcoin mining companies along …
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The Nigerian president, Muhammadu Buhari, suggested in a recent speech that the new e-naira central bank digital currency (CBDC) could lead to an increase in the value of his country’s GDP by $29 billion in ten years. Africa’s First CBDC President Buhari made bold remarks in his speech at Monday’s launch of the e-naira CBDC, …
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Authorities in Slovenia have prepared new legislation tailored to determine how crypto holdings and transactions are taxed in the country. The proposal, aimed at clarifying the matter, has been submitted for public consultations this week, local media reports revealed. Slovenia to Amend Tax Rules for Cryptocurrencies The Finance Ministry in Ljubljana has opened public consultations …
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Digital asset analyst Jason Pizzino thinks a handful of altcoins have the potential to surge to new peaks. In an interview with the YouTube channel Crypto Tips, Pizzino says he’s bullish on DOT, the native asset for smart contract platform Polkadot. DOT is trading at $40.48 at time of writing and hit its all-time high …
The New York Stock Exchange (NYSE) continues listing Bitcoin (BTC)-linked exchange-traded funds (ETF), with Volt Equity becoming the latest company to debut such a product on the exchange. Volt Equity’s Crypto Industry Revolution and Tech ETF will debut trading on the electronic securities exchange NYSE Arca on Oct. 28, the company’s CEO Tad Park told …
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Bitcoin (BTC) has all but deleted any trace of the mining ban which saw hash rate dive 50% this year. According to the latest estimates, the network hash rate is now back at levels from May, just before China outlawed its Bitcoin mining industry. Hash rate recovers the dip Five months since the largest ever …
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The crypto ecosystem picked yet another executive from traditional finance. Two months after raising $263 million, the Europe-based cryptocurrency trading platform Bitpanda announced that Joshua Barraclough, a former exec at JP Morgan, joined its ranks as the CEO of its fully-regulated digital asset exchange Bitpanda Pro. Before transitioning into the crypto world, Barraclough worked as …
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The wolf of nonfungible streets Erstwhile crypto skeptic Jordan Belfort has bravely outed himself as an NFT proponent amid the booming growth of the sector in 2021. Belfort is known for his dodgy antics while working as a stockbroker on Wall Street, with his story being captured in “The Wolf of Wall Street” film starring …
Continue reading “Nifty News: Wolf snaps up Punk, Disney NFTs, Economist mag cover fetches $422K…”
HodlX Guest Post Submit Your Post The Covid-19 pandemic was an unexpected, world-shaking threat to all of us. Suddenly we were forced to stay inside for weeks and ordered to cease all social interactions for the foreseeable future. While the pandemic was no fun for any of us, it certainly made the careers of artists …
Continue reading “How NFTs Help Musicians Reconnect With Fans in the Post-Pandemic Space”
A group of high-level U.S. government attorneys has oulined their priorities for the enforcement and prosecution of individuals and companies that have committed crypto-related crimes. Enforcement officials from the U.S. Department of Justice (DoJ), Securities and Exchange Commission (SEC), and Commodity Futures Trading Commission (CFTC) spoke about the direction their agencies will take at a …
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Reports are emerging that the U.S. Securities and Exchange Commission has rejected one, or possibly two, recent Bitcoin exchange-traded fund applications signaling that the regulator is not quite ready for more exotic futures products just yet. Just a day or so after Valkyrie filed for a leveraged Bitcoin futures ETF and Direxion applied for an …
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Controversial meme token Shiba Inu stands its ground against criticisms by posting a new all-time high today. As well as that, the recently released Shiboshis NFTs have established a price floor of 1.2 ETH ($5,070) on the secondary market. Critics have attacked the project on a number of fronts, the primary concern being its one …
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The Indian government is reportedly planning to introduce cryptocurrency regulation by the time of the next general Budget, which is in February next year. Instead of banning cryptocurrencies, like bitcoin, the government is likely to regulate crypto assets as commodities, according to reports. Indian Crypto Law Could Comes as Early as February The Indian government …
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