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JPMorgan said that according to a survey, majority of its clients expect bitcoin to trade at $60,000 or more by the end of this year.The Wall Street giant said in a note published last week that 55% of the clients surveyed see bitcoin reaching the $60,000 barrier.According to the survey,
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Global investment bank JPMorgan has asked its clients what they think the price of bitcoin will be by year-end. Among the bank’s clients who responded, 55% expect the price of bitcoin to end the year at $60K or higher. What JPMorgan’s Clients Expect the Price of Bitcoin to Be by Year-End JPMorgan
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If there is one thing bitcoin bull markets are good for, it’s drawing investors into the market. This has been the case for all of the past bull rallies and the 2021 rally was no different. The number of investors who bought their first BTC this year has been significant,
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Binance CEO Changpeng “CZ” Zhao says he plans to give away up to 99% of his wealth, according to an interview he gave to the Associated Press that was published on Wednesday. The head of the world’s largest cryptocurrency exchange also said he doesn’t “get” Dogecoin. Source
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Tether (USDT) has gone from being a renegade cryptocurrency to becoming the industry’s primary crutch during the last seven years, according to a new report. Essentially, USDT is a bridge between traditional currencies like the United States dollar and decentralized digital currencies operating on open blockchain networks.Independent crypto outlet Protos provided an
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Bitkub, which is licensed by Thailand’s Securities and Exchange Commission (SEC), has reported trading volume of over $30 billion from January to September 2021, making it comfortably the country’s largest crypto exchange, with a market share of over 90%. Source
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Ethereum NFTs have gained the most clout in the crypto space. These NFTs have recorded sales of up to 69.3% for a single piece of artwork. Investors are moving towards owning NFTs as a form of long-term investment in addition to their cryptocurrency holdings. Although other blockchains are coming up
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Animoca Brands, a nonfungible token (NFT) game developer, has announced a substantial investment in the NFT platform Bondly.According to a release issued on Friday, Animoca will own a majority stake in Bondly following the investment.Commenting on the rationale behind its investment in Bondly, Animoca chairman and co-founder Yat Siu told
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The deadline for South Korean crypto exchanges to meet new compliance requirements is looming fast, with all operators expected to submit requests for an official license with the Financial Services Commission (FSC) no later than Sept. 24.Industry actors and representatives for smaller exchanges have contested the new requirements for much of
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