Day: December 13, 2021

Bitcoin Miner Iris Energy Has More Than 100% Upside, JPMorgan Analyst Says

boss

The shares of Iris Energy (IREN), a Sydney-based company that mines bitcoin primarily with renewable energy, has the potential to rise more than 100% in the next 12 months, JPMorgan analysts led by Reginald Smith wrote. Iris Energy is “a cheap way to play the digital gold rush,” said JPMorgan’s analysts, citing a “deep discount” for its shares versus other crypto miners. “We think IREN is an attractive and efficient way to gain long exposure to Bitcoin prices and sentiment and are initiating coverage with an Overweight rating and $30…

Infinite Games: How Crypto Is ‘LARPing’

LARPing is s an extension of ad hoc communication networks and the next iteration of the crypto economy. A LARP is like an ad hoc network that is here one moment for a gathering, a community and a shared experience, and gone the next. Mobile crypto wallets brought us the “pop up economy,” where people could come together, interact and disappear. Now, assets are digitized, owned, staked, claimed and the crypto economy has graduated to the full blown cryptoverse, leveraging the “collaterize everything” ethos of the “DeFi degens,” along with…

Daft Punk meets CryptoPunks as Novo faces up to NFTs – Cointelegraph Magazine

boss

Just recently, NFT collector CryptoNovo was posing for hundreds of photos, taking meetings with top tech companies and attending scores of invitation-only parties across New York City. Today, the former-schoolteacher-turned-Metaverse-mascot is raking leaves in his suburban Illinois front yard. “Dude,” Novo remarks excitedly as he works, “That just happened.” That would be NFT.NYC, the early November conference/gathering/bacchanal that represented a coming-out party of sorts for the nonfungible token community. While NFT.NYC 2021 was the third event in what will almost certainly become a series of (at least) annual affairs, it…

Bitcoin loses $48K on Wall Street open as trader warns altcoins look ‘rekt’ against BTC

boss

Bitcoin (BTC) declined as Wall Street trading opened on Dec. 13 as stocks came off Dec. 10’s record close. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD diving below $48,000 to reach multi-day lows at the time of writing. Equities had been tipped to add to all-time highs prior to the start of trading, this getting off to a cold start on the day, with gains slipping. Correspondingly, Bitcoin added to losses that totaled over $3,000 in 24 hours. Traders thus continued to…

Metaverse Company InfiniteWorld to Go Public in $700M SPAC Merger

“With up to $15 trillion of wealth expected to flow into digital assets over the next 10 years, we are witnessing the birth of a new global asset class and economic system,” Aries Chairman Thane Ritchie said in the statement. “InfiniteWorld’s unparalleled technology infrastructure underscores the transition of commerce to the digital world.” Source

CBDC Still Unattractive to Users Despite Claim of ‘Excellent’ Adoption Rate – Emerging Markets Bitcoin News

boss

Nigerian blockchain and cryptocurrency experts have suggested that many prospective users will only consider adopting the e-naira once the central bank has done enough to make the CBDC (central bank digital currency) an attractive option to use. E-Naira Still Unattractive to Users Some Nigerian experts have expressed doubts about claims by the Central Bank of Nigeria (CBN) that many residents in the country of more than 200 million inhabitants are interested in or switching to the recently launched central bank digital currency (CBDC), the e-naira. The experts argue the e-naira,…

Bank of Russia to ban mutual funds from investing in Bitcoin

boss

The Russian central bank continues its strict policies regarding the cryptocurrency industry, now officially banning mutual funds from investing in cryptocurrencies like Bitcoin (BTC). On Dec. 13, the Bank of Russia published an official statement on regulating investment opportunities by mutual investment funds. Despite expanding the number of assets available for investment by mutual funds, the document prohibits fund managers from buying cryptocurrencies as well as “financial instruments whose value depends on prices of digital assets.” The statement emphasizes that mutual funds are not allowed to provide crypto exposure both…

क्या होगा भारत में Cryptocurrency का भविष्य?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io क्रिप्टो करेंसी (Cryptocurrency) को लेकर बड़ा कोहराम मचा हुआ है. समझ नहीं आ रहा है कि हुआ क्या है? बिल है जिसका जिक्र … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version