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Galaxy Digital CEO Mike Novogratz expects the price of bitcoin to bottom at around $38K-$40K. “I know big institutions who are going through their process to put positions on. They’re going to see those as attractive levels to buy,” he said. Mike Novogratz on Future Outlook of Crypto Market The CEO of
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A group of investors in Africrypt are reportedly pushing to have criminal charges pressed against directors of the now-defunct cryptocurrency investment platform. Opponents of the move have argued that this push is unlikely to succeed because many of the investors have already been reimbursed part of their funds. Mystery Investor
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Institutional investors are optimistic about the U.S. Securities and Exchange Commission (SEC) having more power to regulate the crypto market, a recent survey shows. They believe that if the SEC is granted extra powers, the prices of cryptocurrencies will be positively impacted. What Institutional Investors Think About Crypto Nickel Digital Asset Management,
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Stablecoins have emerged as a foundational part of the cryptocurrency ecosystem over the past couple of years due to their ability to provide crypto traders with an offramp during times of volatility and their widespread integration with decentralized finance (DeFi). These are necessary for the health of the ecosystem as
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Crypto-related profits, such as those resulting from the trading of digital currencies, will be taxed at a rate of 15%, a finance ministry official has revealed to the local press in Thailand. After last year’s significant market growth, the department intends to improve surveillance of crypto trade in 2022. Thailand
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A crackdown on bitcoin mining by China has led to an increase in the number of Thai investors that have acquired and are operating mining rigs, a report has said. The report adds that many of these investors are currently earning between $30 and $40 per day from each mining
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Bitcoin traded at about $46,926 at the time of writing, dropping over $3,500 after reaching a resistance level of $51,000 on Monday. The $46,500 level has acted as support in December. The next support level is at the $43,500 mark should bitcoin fail to hold current levels. Original Source
Read MoreBlockchain.com funding was led by DST Global, Lightspeed Venture Partners and VY Capital.Blockchain.com, a global cryptocurrency exchange with other crypto-focused services, has raised $300 million from private investors bringing its market valuation to $5.2 billion according to Wall Street Journal. Notably, WSJ also noted that the Blockchain.com funding was led
Read MoreA law firm slammed BitClout with a Cease-and-Desist letter for using Brandon Curtis’s identity without consent.Controversial social network BitClout has received a cease-and-desist letter after the company conducted its financial round and added new investors. The legal warning addresses the alleged head of the social network Nadar Al-Naji for using
Read MoreIn the “real” world, real estate has historically been seen as a viable investment. Individuals and corporations usually purchase land and property either for development or to sell at a higher price in the future.With the world becoming increasingly digitized, it appears that the trend of ascribing significant value to
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