Day: April 21, 2024

Analyst Sees 400% Price Increase

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Litecoin (LTC), the digital currency often dubbed “silver to Bitcoin’s gold,” has been stirring in the shadows of its flashier counterpart. Despite a recent price dip from $112 to $83, analysts see glimmers of a potential surge in the coming months. This renewed optimism follows Litecoin’s defiance during the highly anticipated Bitcoin halving event, where Bitcoin’s block rewards were cut in half, impacting the entire crypto market. Litecoin Exhibits Resilience After Price Dip While some cryptocurrencies floundered after the Bitcoin halving, Litecoin displayed surprising resilience. This, coupled with a recent…

FTX Founder Bankman-Fried Agrees to Settlement, Aids Legal Action Against Celebrities

In a significant turn of events, former FTX CEO Sam Bankman-Fried has agreed to a settlement with investors, providing crucial cooperation in ongoing lawsuits against high-profile celebrities. The settlement, pending court approval, could mark a pivotal moment in the extensive legal battles following the crypto exchange’s colossal collapse. Former Crypto Tycoon and Now Convicted Inmate […] Source BitcoincryptoexchangeExchanges CryptoX Portal

JPMorgan CEO Jamie Dimon: Bitcoin Is a Fraud, There’s No Hope for BTC as a Currency

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JPMorgan Chase CEO Jamie Dimon has doubled down on his anti-bitcoin stance, emphasizing that the crypto is a fraud with no future as a currency. “It’s a Ponzi scheme,” the executive stressed. However, despite his strong opinion about bitcoin, JPMorgan is an authorized participant for Blackrock’s spot bitcoin exchange-traded fund (ETF). Dimon, while advising investors […] Original

IRS Releases Draft Tax Form for Digital Assets — Expert Raises ‘Major Privacy and Security Concerns’

The U.S. Internal Revenue Service (IRS) has released a draft tax Form 1099-DA for reporting digital asset proceeds from broker transactions. Brokers, including unhosted wallet providers, are required to report proceeds from digital asset dispositions to the IRS. A crypto tax expert has highlighted that the collection of certain data points, such as wallet addresses, […] Source CryptoX Portal

Deutsche Bank Expects Bitcoin Price to ‘Stay High’ After Halving — JPMorgan Disagrees

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JPMorgan Chase and Deutsche Bank have weighed in on potential price movements for bitcoin following the halving. “We continue to expect prices to stay high,” Deutsche Bank analysts said. JPMorgan analysts, however, stated that they “see downside for the bitcoin price post halving for several reasons.” JPMorgan and Deutsche Bank on Bitcoin Post-Halving JPMorgan Chase […] Original

Altcoin Sherpa remains bullish for BTC, while Dogwifhat, KangaMoon surge

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid market uncertainty, Altcoin Sherpa remains bullish on Bitcoin’s stability, while meme coins like Dogwifhat and KangaMoon capture investor interest. According to Altcoin Sherpa, despite the uncertainty in the cryptocurrency market, Bitcoin (BTC) has proven itself to be a stable asset. Meanwhile, Dogwifhat (WIF) and KangaMoon (KANG) continue to soar in the meme coin space. Prominent market analysts hint that KANG, which is now in Stage 5 of its…