Tag: Investors

Bitcoin just completed its fourth-ever ‘halving,’ here’s what investors need to watch now

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The Bitcoin network on Friday night slashed the incentives rewarded to miners in half for the fourth time in its history. The celebrated event, which takes place about once every four years as mandated in the Bitcoin code, is designed to slow the issuance of bitcoins, thereby creating a scarcity effect and allowing the cryptocurrency to maintain its digital gold-like quality. There may be some speculative trading on the event itself. JPMorgan said it expects to see some downside in bitcoin post-halving and Deutsche Bank said it “does not expect…

Over 1,000 Builders, Partners, Investors and Enthusiasts Gather at Inaugural Global Event to Celebrate Sui – Blockchain News, Opinion, TV and Jobs

Grand Cayman, Cayman Islands, April 18th, 2024, Chainwire The annual event is a culmination of Sui’s exceptional debut Over 1,000 projects, partners, investors, and enthusiasts from 65 countries around the world gathered last week in Paris to celebrate Sui at the vaunted Layer 1’s inaugural global Sui Basecamp conference. At its first-ever annual event held during Paris Blockchain Week, Sui was feted by developers and builders from around the world during a two-day event. Speakers at Sui Basecamp spanned all aspects of the industry from payments to gaming to e-commerce…

Bitcoin miners’ revenue is about to be slashed — what investors need to know

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The bitcoin halving is set to take place in the next few days, which will cut miners’ main stream of revenue in half. Scary as that sounds, the bigger, publicly-traded miners are well prepared to survive the halving and thrive, according to analysts — and given the recent weakness in mining stocks, investors may be staring at a big opportunity. “We believe a bitcoin price above $60,000-$65,000 means the halving is de-risked for nearly all public miners,” Needham analyst John Todaro wrote in a note to clients on Tuesday. It…

Bitcoin ETFs (BTC) in Hong Kong Likely Not Available for Chinese Investors

Hong Kong regulators supposedly approved the launch of ETFs on Monday, opening the gates for new money being poured into bitcoin. Issuers include ChinaAMC, Harvest Global and Bosera International. The approval was announced by the issuers themselves, not the Securities and Futures Commission (SFC), Hong Kong’s securities regulator, who has maintained radio silence. Source CryptoX Portal

Panic Grips Investors As ADA Drops 20%

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As the cryptocurrency market experiences heightened volatility, one digital asset, in particular, finds itself under the microscope: Cardano (ADA). With prices fluctuating and investors on edge, analysts are closely scrutinizing ADA’s movements for signs of stability or further turbulence. Analysis Points To Critical Crossroads For Cardano Recent analysis conducted by Trend Rider, a respected voice in the crypto community, suggests that Cardano’s price has reached a pivotal moment. The digital asset stands at a critical juncture, with its price hovering precariously near a key support zone. Should ADA breach this…

Analyst Predicts $650K Bitcoin Price Once ETF Investors Fully Deploy Asset Manager Recommendations

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Popular onchain analyst Willy Woo has predicted a potential bitcoin price surge to $650,000 at the bull market’s peak. His prediction hinges on spot bitcoin exchange-traded fund (ETF) investors fully deploying their assets based on recommendations from asset managers. “These are very conservative numbers. Bitcoin will beat gold cap when ETFs have completed their role,” […] Original

How Investors Should Handle Celsius in Their Tax Returns This Year

The tax implications of Celsius, which finalized its bankruptcy in January, are complex. Creditors are categorized into specific groups, each with different rights and claim treatments. And that’s without even considering those who sold their claims to creditors who’ll face different tax implications on top of this. Furthermore, the preferential way to deal with your Celsius transactions from a tax perspective will also depend on the amount you had in Celsius, your total annual income, and many other circumstances. Source

Trading Guru Uncovers This Notable Pattern On Solana: What’s Next For SOL Investors?

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Trader and market analyst Peter Brandt has provided valuable perspectives on the recent price movement of Solana (SOL), suggesting the completion of a notable chart pattern. In particular, Brandt has noted a descending triangle pattern forming on Solana’s 4-hour price chart. Identified Chart Pattern On SOL And Its Implications The descending triangle pattern identified by lower highs and a horizontal support line is often interpreted in technical analysis as a signal of a potential downtrend continuation. Brandt’s recent post highlighted the completion of this pattern, drawing attention to a crucial…

Dogwifhat $17 Crypto Leap Electrifies Investors

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Dogwifhat (WIF) has been on a wild ride this week. As of Tuesday evening, its value surged by nearly 10%, however, the canine-inspired cryptocurrency could not sustain the momentum and by Wednesday, it lost 14% of its value. Dogwifhat’s Aggressive Rise And Sudden Dip The rollercoaster ride began with a bang. Dogwifhat, a newcomer to the meme coin scene built on the Solana blockchain, quickly drew investor interest. Its lighthearted name and association with the ever-popular dog meme trend fueled a buying frenzy, pushing its price up by double digits.…

Fezoo presale attracts Litecoin and Cardano investors seeking growth

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Litecoin and Cardano holders look for promising new opportunities, Fezoo’s presale emerges as a hotbed of potential with its fast transactions and advanced trading features. There has been a recent boom in the cryptocurrency space, favoring several investors. While many mainstream coins have performed excellently, Litecoin and Cardano are yet to catch up. With analysts predicting huge gains from new tokens, their holders want to reinvest in projects…