Markets

The latest substantial market crash has turned bitcoin into a “discounted and refreshed” asset, argued researchers from Bloomberg. In their most recent paper, they reasoned that BTC might stay in a range between $30,000 and $40,000 for a while, but its ultimate trajectory by the end of the year is towards $100,000. DIscounted and Refreshed Bitcoin Bitcoin’s price went through a roller-coaster since its all-time high in mid-April at $65,000. The freefall began in May, perhaps...

Bitcoin has bounced off after the latest negative engagement by Elon Musk and has neared $38,000. Most alternative coins have spiked even harder in the past 24 hours, with ETH trading around $2,800 and BNB surging well past $400. Bitcoin Recovers the Latest Elon Musk Dump After the previous weekend in which BTC dumped below $34,000, the asset performed rather well during the workweek. It was gradually increasing for a few consecutive days and even broke above $37,000. The...

Mike Novogratz – a billionaire investor and former hedge fund manager – has always been there to defend bitcoin whenever it is acting crazy, but in a recent interview, he claimed that the world’s number one digital currency by market cap will never be used for payments. Mike Novogratz Says BTC Will Not Be Used for Payments This is likely going to come as a huge blow for bitcoin and crypto purists given that the asset and many of its altcoin cousins were initially set up...

A new report by financial giant JPMorgan says that the price of bitcoin – which has been on a serious downfall over the past few weeks – could drop a bit further before finally stabilizing. JPMorgan Offers Fresh Helping of Gloom and Doom for BTC The currency has been experiencing its worst period since first coming to fruition approximately 12 years ago. The asset ultimately rose to about $64,000 in mid-April, the highest point it had ever reached, though at press time,...

The last six weeks have been some of the worst bitcoin has ever experienced. Despite only being around for roughly 12 years, the world’s number one digital currency by market cap has seen its fair share of dark days and radical price changes. Last Month was the Worst Point in Time for Bitcoin Initially trading for about $64,000 per unit in mid-April, the asset hit a massive snag that late last week, saw it shed approximately $30,000 off its price. Today, the currency has...

The role of Elon Musk in the digital currency ecosystem is mixed. Those who have been following the billionaire’s activities on Twitter will attest to the fact that his tweets are not 100 percent bearish. The Chief Executive Officer of the world’s largest cryptocurrency exchange Binance Changpeng Zhao, known on Twitter as CZ, has responded to Elon Musk’s latest tweets about Bitcoin (BTC), suggesting HODLing. In the early hours of Thursday, the Tesla Inc (NASDAQ: TSLA) CEO posted a meme-based...

AMC has become the new favorite after GameStop as both shares and other heavily shorted stocks have been pushed to new highs this year. The shares of American theatre company AMC Entertainment Holdings Inc (NYSE: AMC) closed the Thursday trading session at a 20.40% loss following highly volatile intra-day activities. Per a CNBC report, the down plunge came after the company said it had sold as much as 11.55 million shares at an average price of approximately $50.85 per share in an...

How not to miss the main event in the decentralized finance ecosystem Do you remember “the ICO Bubble”? A few years ago, any crypto startup entering the market made a marketing event – an initial coin offering (or ICO). Perhaps the scenario is repeating, but this time with the DeFi segment. That said, an IDO is not a copy or twin brother of an ICO. If you look at it superficially, the decentralized flotation considers all the mistakes of its predecessors. How and why?...

[PRESS RELEASE – Please Read Disclaimer] June 4th, 2021- Despite the recent roller coaster in the crypto market HOPE TOKEN managed to donate $125K to three different organizations: Epilepsy Foundation, Sands UK (Stillbirth and Neonatal Death), and CHUF (Children’s Heart Unit Fund UK) Defying the common tone of anonymity found in the BSC crypto space, the Hope Token team, who flag transparency as their core value, made 3 very public transactions of the donations with...

Although the Reserve Bank of India recently issued a new circular clarifying that digital assets are not outlawed in the country, the entity still believes they carry significant risks. As such, the RBI has taken its concerns to the government, asserted the bank’s governor – Shaktikanta Das. The world’s second-most populated nation has always had a complicated relationship with the cryptocurrency space. An RBI directive from 2018, which most people considered as an all-out...