Market strategists at banking giant JPMorgan are reportedly downsizing their long-term price prediction for Bitcoin after BTC lost 50% in just two months. In a Business Insider report, JPMorgan analysts drastically slash their long-term price target for Bitcoin, saying that BTC’s volatile boom-or-bust nature will impede its widespread adoption by blue-chip investors. “Our previous projection …
Monthly archives: January 2022
Clever NFT traders exploit crypto’s unregulated landscape by wash trading on LooksRare
LooksRare made its debut on Jan.10 and the recently launched NFT marketplace has drawn a lot of attention, not only because its daily trade volumes were more than double Opensea’s on the second day of trading, but also because it has become the new playground for wash traders. Wash trading is a series of trading …
Top 5 cryptocurrencies to watch this week: BTC, LINK, HNT, FLOW, ONE
Bitcoin’s (BTC) relief rally rose above $38,500 on Jan. 29, but the bulls are struggling to sustain the higher levels. For the past few days, Bitcoin’s sentiment has closely followed the U.S. equity markets. Hence, analysts warned traders to be careful and not to read much into any possible weekend rallies when traditional markets are …
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Mainstream Adoption Might Not Boost Bitcoin’s Price, According to Banking Giant Goldman Sachs: Report
Analysts at global banking titan Goldman Sachs reportedly say that widespread adoption of Bitcoin and crypto assets may not be as bullish as most investors believe. The strategists tell Bloomberg that as the adoption of Bitcoin and other cryptocurrencies increases, their price starts to correlate more and more with other macro assets such as crude …
Fossils vs. Renewables, PoW vs. PoS: Key policy issues around crypto mining in the U.S.
On Jan. 27, a group of eight U.S. lawmakers, led by Senator Elizabeth Warren, sent letters to the world’s six largest Bitcoin mining companies, demanding to reveal the detailed data on their electricity consumption. This isn’t the first time Senator Warren requested this information from a mining operation — last month a similar letter was …
Inside the blockchain developers’ mind: How to build the next big social DApp
Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind, written by Andrew Levine of Koinos Group. People use social applications daily, but despite all the hype around supposedly “next-gen” blockchains, none of those social applications are decentralized. Let’s unpack why, …
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Bitcoin Price Prediction: BTC/USD Maintains $38,000 Level
Bitcoin Price Prediction – January 30 According to the daily chart, the Bitcoin price prediction touches the daily low at $37,744 as losses under $38,000 beckon. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $44,000, $46,000, $48,000 Support Levels: $33,000, $31,000, $29,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD is seentrading within …
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SEC approves BSTX to offer blockchain settlements in traditional markets
The US Securities and Exchange Commission (SEC) has given the nod to the Boston Security Token Exchange (BSTX) to serve as a blockchain-based securities exchange. BSTX is a new division at the BOX exchange based in Boston. The platform was launched by a collaboration between the BOX exchange and tZERO, the blockchain division for Overstock. …
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Meta files trademark registration for crypto-related products
Meta, formerly Facebook, has filed for a trademark application in Brazil. The application filed with the Brazilian National Institute of Industry Property (NPI) touches on various crypto products and services. Meta’s venture into the crypto sector has placed it ahead of other tech giants. Towards the end of last year, Facebook rebranded into Meta as …
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Chainalysis report says $8.6B was laundered through crypto in 2021
The crypto sector continues to attract bad actors due to its anonymous nature. Governments have been working hard to develop regulations that will curb the use of cryptocurrencies for money laundering and terrorism financing. However, these regulations seem to be doing very little to tame the use of crypto for criminal activities. A recent Chainalysis …
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Value Locked in Defi Climbs Higher, Polkadot TVL Spikes, Terra’s LUNA Sheds 21%
On Sunday, January 30, 2022, the top smart contract protocol tokens by market capitalization is $592 billion or 32.66% of the $1.8 trillion crypto economy. Meanwhile, the total-value locked (TVL) in decentralized finance (defi) protocols is $192.42 billion up 5.28% since January 23. Defi TVL Climbs More Than 5%, Ethereum Defi Dominance Still 60%, Cross-Chain …
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Pop Star Justin Bieber Buys Bored Ape NFT for $1.29 Million, Pays More Than 300% Above Floor
The Canadian singer Justin Bieber has purchased a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) for 500 ethereum or $1.29 million at the time of settlement. Bieber has a significant collection of NFTs and his wallet holds 340.43 ether worth $879K. Justin Bieber Spends $1.29 Million in Ethereum for BAYC #3001 Justin Bieber spent …
Position Exchange: Crypto Bonds Powered by Smart Contracts
press release PRESS RELEASE. Position Exchange is pleased to announce the release of its Bonds feature. Dive deeper into this game changing DeFi product. What is a Bond? A bond is a fixed-income instrument that represents a loan made by an investor to a borrower (typically corporate or governmental). A bond could be thought of …
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IMF Tells El Salvador: Costs of Making Bitcoin Legal Tender Exceed Potential Benefits
The International Monetary Fund (IMF) has told El Salvador that the costs of implementing the country’s Bitcoin law, which makes the cryptocurrency legal tender, exceed the potential benefits. The IMF has also urged El Salvador to dissolve the “Fidebitcoin” trust fund and start charging fees for services provided by the government’s Chivo digital wallet. IMF’s …
Ethereum Price Prediction: ETH/USD Market Rallies Northwardly
Market Continues to Rally– January 30A line of recordings of variant downward-moving motions in the ETH/USD trading activities about several days back has occurred. The crypto market rallies northwardly on a lighter note, maintaining a minute positive percentage of 0.41. As of writing, the market’s trading is between the high and low of $2,638 and …
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