Author: News Room
Big companies have had a great run, with their prices going up a lot for quite some time. According to Fidelity’s analyst, we might be reaching the end of a winning streak. This idea comes from something called the CAPE model, which tries to guess future stock returns based on past company earnings. The model says that the good times in the stock market, with high returns, may slow down to just 2.6% by the year 2034. If that is true, it means the big rise in stock prices might be cooling down. Now, people like Jurrien Timmer at Fidelity…
Taking an important step towards formalizing the cryptocurrency industry, Taiwan’s Ministry of Internal Affairs has approved the establishment of an industry association by the local crypto industry. This move marks the government’s progress towards regulating the domestically developing cryptocurrency space. Taiwan Approves Formation of Crypto Industry Association, Approaches Regulatory Framework The local cryptocurrency industry working group, which met last year to pave the way for the establishment of an industry association, announced today that it has received official approval from the government for its application. The green light from the authorities marks a pivotal moment for the cryptocurrency industry in…
A meme began making its way around crypto Twitter earlier this month, pointing out that Bitcoin now has the number of active users that the Internet had in 1997. But the reality is even more interesting: Bitcoin most likely has far more users today than the Internet had the year Amazon debuted on Wall Street. That means Bitcoin investors may be running out of time to capitalize on stellar market returns driven by growth in user adoption. Our Sources: 70M Internet Users 1997 | 435M BTC Users 2024 #Bitcoin has the same number of users as the Internet had in…
Adam Back, one of the leading figures in the cryptocurrency world and one of the few people claimed to be Satoshi Nakamoto, made a bold prediction about the future of Bitcoin. In a recent statement, Back suggested that Bitcoin could reach its all-time high (ATH) during the upcoming weekend. Back’s prediction is based on several factors. First, note that traditional finance (tradfi) is closed over the weekend, meaning no exit from Grayscale Bitcoin Trust (GBTC). Secondly, he pointed out that Coinbase’s “circuit breaker” — the stock market crash due to record rush — is unlikely because the base volume is…
Blockchain development platform Stratis recently received a VASP license in Spain, developing its crypto venture. The move by the blockchain developer underscored the firm’s efforts to remain compliant with global regulations, coinciding with a sudden rise in demands for seamless regulatory measures across the global crypto space. The platform’s native token, STRAX, has seen significant growth over the past 24 hours, coinciding with news about Stratis’ VASP license securing. At the time of writing, the price of the Stratis token has increased by 10.32% over the past 24 hours and is trading at $0.1612. With a 10.56% increase in market…
Litecoin price reached $110 on Friday, its highest level in over nine months. A popular crypto analyst says the macro downtrend for LTC may be over. Litecoin (LTC) currently trades around $104. But earlier in the day, LTC price hovered just above $110, its highest level since last July. LTC price reached an all-time high of $410 in May 2021. While current prices remain way off that peak, Litecoin’s latest bounce sees analysts predict what could be next. Litecoin touches $110: Is LTC set for vertical gains? Before LTC soared more than 15% on Friday, bulls had found it hard…
Caroline Pham, a CFTC commissioner, has publicly criticized her agency’s legal action against the crypto exchange KuCoin. The Commodity Futures Trading Commission, in collaboration with the U.S. Department of Justice, charged KuCoin on March 26 for unlawfully operating a digital assets derivatives exchange. The charge by the CFTC has sparked controversy, particularly regarding jurisdictional boundaries between the CFTC and its sister regulatory body, the Securities and Exchange Commission (SEC). “Owning shares is not the same thing as trading derivatives,” Pham stated, expressing concerns that the CFTC’s complaint conflates the concept of investment securities with trading activities. According to Pham, the…
On Friday, the Avalanche-based options protocol, Arrow Markets, unveiled its successful $4 million Series A fundraising initiative. The global project aiming to “revolutionize crypto options trading” garners support from prominent backers including Framework Ventures, Delphi Ventures, and the Avalanche Blizzard ecosystem fund. Crypto Options Platform Arrow Markets Bags $4M in Funding Arrow Markets, an options […] Read the full article here
A widely followed crypto analyst thinks that a leading meme token is primed to witness big bursts to the upside in the coming months. The analyst pseudonymously known as Altcoin Sherpa tells his 212,900 followers on the social media platform X that Dogecoin (DOGE) could rally by over 200% from current levels. “DOGE: this is still a great long-term investment to be honest. And by long term, I mean like six months-plus. It’s going to do something insane this cycle and still should be at least a 3x-plus from here (possibly more). It accumulated for 700 days, still is the…
Investors are again putting cash into Bitcoin exchange-traded funds (ETFs) after a cool off last week. On Thursday, for the third consecutive day in a row, more than $100 million entered the popular new funds, data from BitMEX Research shows. The week got off to a slow start with only $1 million entering the funds on Monday. But things quickly picked up the next day with inflows of $418 million, BitMEX reports. Wednesday brought $243.4 million in inflows, and another $183 million was invested yesterday. U.S. markets are closed today for the Good Friday holiday. Last week, all the funds…