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Cathie Wood repeated her positive view on bitcoin this week at the Bitcoin 2022 conference in Miami, Florida. The Ark Invest chief executive forecasts the crypto will reach $1 million by 2030 in a presentation, Thursday. “We believe bitcoin has only just begun,” she told CNBC. “Institutions are only now catching up
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Another aspect of players like Intel coming into the industry, said Lu, is it will make the ASIC manufacturing market more competitive and will incentivize the incumbents to invest additional sums. “I think with Intel's coming in, Canaan and all the other peers in this industry should be well prepared
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Skybridge Capital founder Anthony Scaramucci believes the blockchain industry has a very bright future, but he is concerned about the “very weak leadership” in American politics.Scaramucci is a former Director of Communications at the White House and Skybridge Capital manages the $7 billion Skybridge Bitcoin Fund.He spoke candidly at the
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JPMorgan Chase & Co. has warned that any upside for crypto markets from here would likely be more limited. Basing their prediction on the relationship between stablecoins and the rest of the crypto market, the bank’s analyst explained that stablecoins’ share of the total crypto market cap “no longer looks
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"The growth in GMT is notably a function of the value the StepN application offers, which has to a very large extent continued to intrigue investors," explained Alexander Mamasidikov, co-founder of digital bank MinePlex, in an email to CryptoX. "The demand for the GMT token is on the rise as
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The total addressable market (TAM) for the metaverse economy could be between $8 trillion to $13 trillion by 2030, with up to five billion users, but getting to that market level is going to require sizable infrastructure investment, Citi said in a report on Thursday. Original Source
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The CEO of Southeast Asia’s largest bank, DBS, says cryptocurrency “can be an alternative to gold.” He added that regulating crypto “out of the formal banking system is an unwise thing to do.” DBS’ CEO on Cryptocurrency and Regulation DBS Bank Group CEO Piyush Gupta talked about cryptocurrency and its regulation at
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Silvergate Capital (SI) offers investors an alternative way to gain exposure to the growth of the cryptocurrency ecosystem without the need to actually own a digital asset, Bank of America said in a report initiating coverage of the stock with a buy rating and a $200 price target, implying a
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Over 180,000 Ethereum (ETH) tokens have been pulled out from centralized exchanges in the last 24 hours, as traders seek to preserve their cryptocurrency in expectation of bullish price action. According to a March 18 tweet from crypto market analysis site IntoTheBlock, more than $500 million worth of Ethereum was withdrawn on March
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As the crypto market sees some relief over the past week, the price of LUNA trends to the downside. The worst performer in the top 10 by market cap, the Terra native cryptocurrency appears at risk of further downside. Related Reading | What’s Behind LUNA’s Rally, Could Its Price Decouple From
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