Day: May 25, 2022

Consider Digital Assets Instead of Still-Pricey Real Estate, say JPMorgan Strategists

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

DCA: Bitcoin Tidal Wave coming per SBF?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ben’s Channel Rob’s Channel 💰Celsius IA Referral Code get $50 with $400 deposit: 1315105ca2 (new customers only) 💰Celsius IA PROMO Code get $60 in Bitcoin with $400 deposit: IA60 (new customers only) INSTRUCTIONS here or 💰Voyager Deposit $100 to get $25 of free Bitcoin. Use code CB91C1 or this link to claim your BTC: voyager.onelink.me/WNly/referral?af_sub5=CB91C1 💰Tradingview referral link $30 off: tradingview.com/?offer_id=10&aff_id=27663 💰FTX USA: Save on trades FTX referral link: 10% Savings on Fees 💰FTX ALL OTHER COUNTRIES: 10% Savings on Fees The…

Andreessen Horowitz closes $4.5 billion crypto fund amid market turmoil

boss

Even though crypto markets appear to be on a long, arduous path ahead based on recent weeks of token turmoil, venture investors looking to get their hands on a Web3 future aren’t slowing down. On Wednesday, venture capital giant, A16Z, announced closing its fourth cryptocurrency fund at $4.5 billion. This brings the total money invested by Andreessen Horowitz in digital currency and blockchain business to more than $7.6 billion. The new investment vehicle will focus on early-stage ideas as well as projects that are more mature and have already shown…

Bitcoin Is Undervalued; Says Fair Price Is 28% Higher

Despite the crypto bear market, JPMorgan believes bitcoin is grossly undervalued. The bank today repeated its appraisal of bitcoin’s fair worth of $38,000, which it awarded the cryptocurrency in February when it was trading around $43,400. This is almost a 28% increase over the current price of $29,757. JPMorgan Gives Nod To Crypto As Alternative Asset Class Cryptos have surpassed real estate as one of the bank’s favored “alternative assets” or assets that don’t fit into traditional categories like equities and bonds, according to a note released on Wednesday. It…

Market Sentiment Dangerously Negative As Crypto Fear Index Drops To Two-Year Low

Crypto market sentiment has dropped into the far negative once more. This has been one in the making ever since the Terra crash had begun and investors had scrambled to leave the market. A culmination of this and speculations that the market is headed into one of the longest bear trends ever recorded has now seen sentiment fall to levels not recorded since 2020. In The Extreme Fear Region Now, the crypto market sentiment has not been positive for a while. Most of the last two months have been spent…

Blockchain Relics: Harnessing NFTs Blockchain Technology for Historic Preservation

Blockchain Relics, a Web3-based historic preservation organization, is launching its Website as well as a powerful Community Campaign in the coming week. While the project is relatively new, it has been steadily gaining traction in the NFT space, as well as garnering attention from museums and historical societies across the globe. If you’re new to Blockchain Relics, here’s a short review that will help you understand the project a little better… What is Blockchain Relics? Blockchain Relics is a digital archiving and preservation company that combines a passion for history…

Crypto Whales Ditched Tether for USDC After Stablecoin Panic

For example, DAI, the largest decentralized and overcollateralized stablecoin, is holding USDC instead of USDT in its treasury. DAI, the currency of the blockchain protocol MakerDAO, has a market capitalization of more than $6 billion and keeps its 1:1 exchange ratio to the U.S. dollar by amassing much more crypto assets than the market value of all the DAI tokens in circulation. Source

ECB Says Crypto May Become a Threat to Financial Stability

boss

The European Central Bank (ECB) warned on Tuesday that cryptocurrencies will pose a risk to financial stability if the emerging sector maintains its rapid growth of the past two years and if financial firms step up their involvement. Crypto Market Drops After Hitting a High Last Year The crypto market fell sharply this month after the collapse of Terra blockchain coins, which challenged the stability of algorithmic stablecoins like UST, which are not backed by fiat currency. Cryptocurrencies have exploded in size during the COVID-19 pandemic. Institutional investors in particular…