Tag: Markets

Billionaire Thomas Peterffy Plans to Buy Bitcoin Despite Concerns BTC Could ‘Become Worthless or Outlawed’ – Markets and Prices Bitcoin News

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Billionaire Thomas Peterffy, founder of Interactive Brokers, says he plans to buy more bitcoin if the price of the cryptocurrency hits $12K. However, he remains concerned that bitcoin could “become worthless or outlawed.” Thomas Peterffy on the U.S. Economy and Bitcoin Billionaire Thomas Peterffy shared his outlook for bitcoin and the U.S. economy in an interview with Forbes last week. Peterffy is the founder and chairman of the board of directors of Interactive Brokers, an online trading platform. His net worth is currently $18.4 billion, according to Forbes’ list of…

Finder’s Fintech Experts Predict Cardano Will End the Year at $0.63 per Unit – Markets and Prices Bitcoin News

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Following the recently published bitcoin price prediction report issued by the product comparison web portal finder.com, the site’s researchers polled 53 financial technology (fintech) specialists in order to forecast the future value of cardano (ADA). According to the survey’s participants, cardano is expected to end the year at $0.63 per unit and 51% of the respondents think the Vasil hard fork will bolster the crypto asset’s utility. 53 Fintech Specialists Surveyed Attempt to Forecast Cardano’s Future Fiat Value Researchers at finder.com have been printing a wide variety of prediction reports…

Opensea Cuts 20% of the NFT Market’s Staff, Citing ‘Crypto Winter’ and ‘Macroeconomic Instability’ – Bitcoin News

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The largest non-fungible token (NFT) marketplace by trade volume, Opensea, has announced the company has let 20% of its staff go after CEO Devin Finzer said the layoffs were due to a combination of “crypto winter and broad macroeconomic instability.” Opensea’s decision follows the startup surpassing $31 billion in all-time NFT sales volume, and the company adding a variety of new support features. Opensea CEO Reveals Company Layoffs Opensea joins the growing list of crypto asset companies announcing layoffs this year, as the crypto market downturn has affected nearly every…

South African Central Bank Now Considers Cryptocurrency to Be a Financial Asset – Emerging Markets Bitcoin News

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The deputy governor of the South African Reserve Bank (SARB) recently said the institution has changed its position on cryptocurrency, and now regards it to be a financial asset which must be regulated as such. The SARB expects to have a cryptocurrency regulatory framework in place by the end of 2023. A Safer Crypto Ecosystem The deputy governor of the SARB, Kuben Naidoo, recently said the institution had revised its stance on cryptocurrencies and is now looking to introduce a framework that governs crypto-related transactions. Naidoo, a member of SARB’s…

Robert Kiyosaki Says in Cash Position Waiting to Buy Bitcoin — Asset Prices Are Crashing, ‘Greatest Sale on Earth’ Incoming – Markets and Prices Bitcoin News

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The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has advised investors not to miss “the greatest sale on earth.” He said asset prices are crashing and indicated that he is waiting in cash position to pick up bargains, including bitcoin. Robert Kiyosaki Waiting to Buy Bitcoin The author of Rich Dad Poor Dad, Robert Kiyosaki, reiterated this week that he is waiting to buy bitcoin, emphasizing that “the Greatest Sale on Earth” is coming as asset prices are crashing. Rich Dad Poor Dad is a…

Crypto markets need to hit ‘total panic’ before revival: Kevin O’Leary

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Millionaire investor from the Shark Tank TV show Kevin O’Leary says there’s going to be “total panic” and “massive volatility” in the crypto markets ahead before the industry swings back toward stronger firms and clearer regulations. Despite the recent fall of crypto finance firms including Voyager Digital and Celsius, O’Leary told Cointelegraph on July 13 that we’re still missing a “real big event” seen in previous market cycles before we go back to accelerated growth in the space, stating:  “This passion play gets played out over and over again.” Some…

Celsius Network’s Token CEL Drops 58% After Bankruptcy Filing, So-Called ‘Short Squeeze’ Falters – Markets and Prices Bitcoin News

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During the last 30 days, the Celsius Network’s native token CEL increased in value by over 140% against the U.S. dollar. On July 13, just before the lending company filed for Chapter 11 bankruptcy, CEL was exchanging hands for $0.961 per unit. Following the news that the company filed for bankruptcy protection, the native crypto asset dropped 58% to a low of $0.40 on the same day. CEL has managed to climb back from the drop as the digital currency is currently swapping for prices between $0.69 to $0.73 per…

Finder’s Bitcoin Prediction Report Expects BTC to Bottom at $13,676 and End the Year at $25,473 – Markets and Prices Bitcoin News

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According to the latest crypto prediction report published by the product comparison platform finder.com, 77% of 53 fintech specialists polled in the report say cryptocurrency markets are officially in a “crypto winter.” The poll further explains that only 29% of the report’s participants believe the bear market will end in 2022. While bitcoin is expected to surpass $100K per coin by 2025, Finder’s experts think bitcoin will bottom out at $13,676 per unit, but also end 2022 at $25,473 per unit. Finder’s 53 Fintech Specialists Attempt to Guess Bitcoin’s Future…

NFT Sales Jump 10% Higher Than Last Week, Cryptopunk #4,464 Sells for $2.6 Million – Markets and Prices Bitcoin News

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While digital currency markets have dropped in value during the last two months, weekly non-fungible token (NFT) sales have slid lower as well. Seven-day statistics show that NFT sales managed to rise more than 10% higher than the week prior. One particular NFT sale, Cryptopunk #4,464, helped push this week’s sales volume up as the NFT sold for 2,500 ether or $2.6 million at the time of settlement. Cryptopunk Sales Increased by 545%, Ronin-Based NFT Sales Climbed 146% Higher, Gaming NFTs Rise Above Art and Digital Collectibles Weekly NFT sales…

BTC Below $20,000 as Markets React to Increasing Dollar Strength  – Market Updates Bitcoin News

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BTC fell below $20,000 on Tuesday, as volatility in financial markets continued to peak, due to current levels of inflation. The euro fell to its lowest level against the U.S. dollar in over twenty years, and this dollar strength seems to be impacting crypto prices. ETH also slipped, falling below $1,100. Bitcoin Bitcoin dropped below $20,000 during Tuesday’s trading session, as markets responded to recent bearish pressure. The world’s largest crypto token fell to a low of $19,613.95 earlier today, which is roughly $1,000 lower than yesterday’s peak at $20,664.82.…