Author: News Room
Morgan Creek Capital Management CEO Mark Yusko has explained the logic behind his daring $150,000 price prediction for Bitcoin. Yusko made his latest remarks in a recent interview on CNBC, during which the industry pundit was asked to clarify the mathematics behind his expectation of $150K by 2025 for Bitcoin. The Maths Behind BTC $150K Outlook Yusko revealed that the figure is grounded in the fair value suggestion based on Metcalfe’s law model. He highlighted that Bitcoin’s fair value is approximately $50,000, while the impending halving is about three weeks away. Explaining further, he noted that the halving event reduces…
Bitcoin has topped the non-fungible token (NFT) market in sales performance on Thursday, with a slight decrease of 0.06% in sales. The blockchain registered US$11.89 million in sales, with a negligible change in its all-time sales volume, maintaining a steady market presence. JIGO BRC-20 NFTs, a Bitcoin-based collection, led Thursday’s NFT collection rankings with almost US$2 million. Bitcoin now has US$2.989 billion in all-time NFT sales. The blockchain is on pace to close the trading week by joining the US$3 billion club. Ethereum and Solana followed, ranking second and third respectively, but with more notable fluctuations in their sales figures.…
A notable case for the two main sectors – finance and technology – arises as CPIC Investment Management (Hong Kong) Limited (CPIC IMHK), a company owned by China Pacific Insurance (Group) Co. Ltd. (CPIC), has staked the job as an investment adviser of MAPO Labs, the latter being the founders of the MAP Protocol. This partnership is in a takeoff position, whereby it will combine the fields of the traditional financial sector with the latest blockchain technology. CPIC-IMHK brings to the table its extensive experience in financial investment to facilitate the efforts of MAPO Labs companies within the real-world assets…
Crypto exchange OKX has decided to internally elevate its US-based compliance department, according to an X post by WuBlockchain. The decision comes at a time when OKX has been already facing operational hurdles and issues with regulators like that of India. Read the full article here
XRP’s price rose 0.6% to $0.6212, with an ultra-bullish projection of up to 900% by EGRAG CRYPTO. Historical trends suggest potential gains of 6x to 10x for XRP. Despite challenges like a lawsuit, XRP’s payment facilitation role promises long-term growth. XRP has recently shown promising signs of a bullish trajectory, with its price experiencing a modest increase of 0.6% over the past 24 hours, reaching $0.6212. Renowned market analyst EGRAG CRYPTO has voiced an exceptionally optimistic outlook for XRP, predicting a potential surge of up to 900% in the long term. Delving into the analysis, EGRAG CRYPTO emphasized the significance…
Detained Binance executive Tigran Gambaryan has initiated legal action against Nigerian authorities, including the National Security Adviser (NSA) Nuhu Ribadu and the Economics and Financial Crime Commission (EFCC), over allegations of human rights violations. Gambaryan, an American citizen overseeing the exchange’s crime investigation unit, was detained alongside his colleague Nadeem Anjarwalla by Nigerian authorities on Feb. 26 as part of investigations into the platform’s operation in the West African country. Meanwhile, the Nigerian authorities’ tax evasion case against the crypto trading platform and its executives is expected to commence on April 4. Human rights violation Gambaryan reportedly filed a motion…
Celestia’s (TIA) price had a rather bearish March but this did not stop the optimistic bunch of investors from remaining hopeful of a rally. This is evident in their behavior, which may result in a bullish April, provided their pessimism does not hinder the price action. Celestia Price to Bounce Back? Celestia’s price can be seen changing hands at $13.8 at the time of writing, barely recovering from $13. This, however, has not slowed the optimism that TIA investors hold as they continue to place bullish bets on the altcoin. The Funding Rate of Celestia at the moment is positive.…
PRESS RELEASE. In an exhilarating development for the decentralized finance (DeFi) community, LendFi announces the launch of its innovative app, now available for download on both the iOS Store and Google PlayStore. This groundbreaking app introduces a suite of utility features designed to enhance user experience and financial empowerment. Among these are staking, peer-to-peer (P2P) […] Read the full article here
Bitwise has filed its application for a spot Ethereum ETF with the SEC on March 28. The company submitted an S-1 form for a fund titled the Bitwise Ethereum ETF. Like other similar applications, the fund aims to provide exposure to the value of ETH held in its trust. The submission includes several vital details, notably that Bitwise aims to list on the NYSE Arca exchange and plans to use Coinbase Custody as a custodian. However, it did not disclose information on the ticker and fees. Bitwise’s application discusses Ethereum staking as a broad aspect of Ethereum itself. However, the…
TL;DR Forbes labeled Ripple’s blockchain as ineffective and its token as purely speculative, questioning its utility and market value. Charles Hoskinson and crypto supporters defended Ripple, making jokes with the media company’s report. Forbes Takes Aim at Ripple (XRP) The global media company Forbes recently published a report called “The Rise of Crypto’s Billion Dollar Zombies,” which touched upon numerous cryptocurrency protocols. It paid special attention to Ripple (the company behind the XRP token) and provided detailed information about its early days. “To fund their ambitious project, executives at the company created 100 billion XRP tokens and sold $1.4 billion…