JPMorgan sees “significant upside” to the price of bitcoin. The global investment bank’s price target for the cryptocurrency is 28% above its current price. JPMorgan has also replaced real estate with cryptocurrencies as its “preferred alternative asset class along with hedge funds.” JPMorgan’s Bitcoin Price Target Is 28% Above Current Price Global investment bank JPMorgan …
Monthly archives: May 2022
Developing countries love the Metaverse, rich nations not keen: WEF survey
Excitement for the Metaverse and virtual or augmented reality (VR/AR) is much greater in developing countries than in high-income countries according to a survey conducted for the World Economic Forum (WEF). Market research firm Ipsos released the results of the survey on May 25 showing the concept is now widely recognized: 52% of more than …
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Nvidia shares plunge after Q1 figures, crypto mining card revenue ‘nominal’
American graphics card manufacturer Nvidia’s stock price tumbled in after hours trading on Thursday because the revenue outlook for Q2 has fallen short of expectations. Quarterly growth from Q4 2021 to Q1 2022 was strong with an 8% increase in revenue to $8.98 billion and 3% increase in earnings per share to $1.36. It also …
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Solana Price Prediction for Today, May 25: SOL Stands Feeble in a Range
Solana Price Prediction – May 25The market operations between Solana and the US fiat currency show the crypto’s price stands feeble in a range. There has been no positive signal to negate the depression as the base trading instrument features around $48 with a 2.56 percentage rate negative. Solana (SOL) Statistics:SOL price now – $48.32SOL …
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Crypto Analyst Predicts for Rallies for Binance Coin (BNB), Solana (SOL) and One Additional Ethereum (ETH) Rival
A popular altcoin trader is predicting rallies for Binance Coin (BNB) and two Ethereum (ETH) challengers including Solana (SOL). Pseudonymous crypto strategist Altcoin Sherpa tells his 176,000 Twitter followers that BNB, the utility token of crypto exchange Binance, is one of the strongest altcoins in the market right now. “BNB: Trade idea, wait for a …
Venture Capital Titan Andreessen Horowitz Launches Massive $4.5 Billion Crypto Fund Amid Bear Market
A Silicon Valley-based investment firm is launching a massive $4.5 billion digital assets fund as crypto markets continue to see widespread stagnation. According to a new letter penned by Andreessen Horowitz general partner Chris Dixon, the venture capital giant is launching the latest fund because the world is entering into the “golden era” of Web …
‘Extreme fear’ grips Bitcoin price, but analysts point to signs of a potential reversal
The cryptocurrency market settled into a holding pattern on May 25 after traders opted to sit on the sidelines ahead of the midday Federal Open Market Committee (FOMC) meeting where the Federal Reserve signaled that it intends to continue on its path of raising interest rates. According to data from Alternative.me, the Fear and Greed …
Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable
FTX CEO Sam Bankman-Fried did a lot of talking at the United States Commodity Futures Trading Commission (CFTC) staff roundtable on non-intermediation Wednesday. He fielded questions and issues from 31 industry professionals about the FTX.US application to offer clearing of margined products, including crypto-based products, without a futures commission merchant (FCM) intermediary. Many participants felt …
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Polkadot parachains spike after the launch of a $250M aUSD stablecoin fund
Crypto prices have been exploring new lows for weeks and currently it’s unclear what it will take to reverse the trend. Despite the downtrend, cryptocurrencies within the Polkadot (DOT) ecosystem began to rally on May 24 and have managed to maintain gains ranging from 10% to 25%, a possible sign that certain sub-sectors of the …
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Brazil’s Federal Revenue now requires citizens to pay taxes on like-kind crypto trades
Brazil’s Federal Reserve (RFB) has declared that Brazilian investors in the crypto-asset market must pay income tax on transactions that involve the like-kind exchange of cryptocurrencies; for example, Bitcoin (BTC) for Ethereum (ETH). The RFB’s declaration was published in the Diário Oficial da União and was the result of a consultation made by a citizen …
Bitcoin Price Prediction for Today, May 25: BTC Risks Fresh Drop Below $29,000 Support
The Bitcoin price prediction reveals that BTC is yet to gain strength above the moving averages as the coin shows a few bearish signs. Bitcoin Prediction Statistics Data: Bitcoin price now – $29,719 Bitcoin market cap – $566.2s billion Bitcoin circulating supply – 19.04 million Bitcoin total supply – 19.04 million Bitcoin Coinmarketcap ranking – …
Ripple eyes IPO after SEC lawsuit ends – CEO says
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Ripple will explore initial public offering (IPO) opportunities after its lawsuit with the U.S. Securities and Exchange Commission (SEC) ends, CEO Brad Garlinghouse told CNBC on May 25. Ripple has been embroiled in a 15-month-long lawsuit with the SEC, which alleges …
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ECB expresses concerns over ‘interconnectedness’ of crypto with financial institutions
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The European Central Bank warned in its latest Financial Stability Review that the growing adoption of crypto assets by banks and other financial institutions could affect the region’s financial stability. The review included a section titled: “Decrypting financial stability risks in …
Celsius is helping users transition from Web 2.0 to Web 3.0
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The volatility of the crypto market had minimal impact on what’s happening behind the scenes of the crypto industry. Speaking to Cryptonites‘ Alex Fazel at the Paris Blockchain Week, Brian Rose said that the state of the market hasn’t come up …
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Emerging nations more bullish on metaverse versus developed world
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Excitement about the metaverse is higher in emerging nations compared to high-income countries, according to a global survey conducted by Ipsos for the World Economic Forum. Roughly 52% of the over 21,000 adults surveyed across 29 countries said they were familiar …
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