JPMorgan raises price target for coinbase amid Ethereum optimism
Cryptopolitan (RSS)
In a recent development, JPMorgan, America’s largest bank, has indicated a bullish stance on the cryptocurrency market, particularly Ethereum (ETH) and its associated network. The bank’s analysts have suggested that the Ethereum network and its native token, ether (ETH), could significantly contribute to the broader cryptocurrency ecosystem and positively impact the earnings of leading cryptocurrency exchange Coinbase (COIN).
JPMorgan’s evaluation and price target adjustment
While maintaining a neutral rating on Coinbase, JPMorgan has revised its price target for the exchange to $150 from $95. This adjustment reflects both the ongoing rally in the cryptocurrency market and the favorable influence that the appreciation of ether has exerted on Coinbase’s revenue streams. However, despite this optimistic outlook, Coinbas...
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Cryptopolitan (RSS)
In a recent development, JPMorgan, America’s largest bank, has indicated a bullish stance on the cryptocurrency market, particularly Ethereum (ETH) and its associated network. The bank’s analysts have suggested that the Ethereum network and its native token, ether (ETH), could significantly contribute to the broader cryptocurrency ecosystem and positively impact the earnings of leading cryptocurrency exchange Coinbase (COIN).
JPMorgan’s evaluation and price target adjustment
While maintaining a neutral rating on Coinbase, JPMorgan has revised its price target for the exchange to $150 from $95. This adjustment reflects both the ongoing rally in the cryptocurrency market and the favorable influence that the appreciation of ether has exerted on Coinbase’s revenue streams. However, despite this optimistic outlook, Coinbas...
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Bitcoin Triumphs Gold In Investor Portfolio Allocation: JPMorgan
CoinGape (RSS)
JPMorgan analysts have noted that allocation of Bitcoin (BTC) in investor portfolios has surpassed that of gold when adjusted for volatility. Specifically, Bitcoin’s allocation is 3.7 times greater than that of gold. Moreover, they pointed out a net inflow of $9 billion into Bitcoin ETFs since their inception, which offsets outflows from Grayscale.
Bitcoin Achieves Milestone Against Gold
JPMorgan’s declaration suggests a potential Bitcoin ETF market size of $62 billion if gold is used as a benchmark. Furthermore, February marked a notably optimistic period for the cryptocurrency market, with the total market capitalization soaring by nearly 40% month-over-month to $2.2 trillion. This surge was primarily driven by a 45% increase in Bitcoin and a 47% rise in Ethereum.
While altcoins didn’t perform as strongly, they st...
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CoinGape (RSS)
JPMorgan analysts have noted that allocation of Bitcoin (BTC) in investor portfolios has surpassed that of gold when adjusted for volatility. Specifically, Bitcoin’s allocation is 3.7 times greater than that of gold. Moreover, they pointed out a net inflow of $9 billion into Bitcoin ETFs since their inception, which offsets outflows from Grayscale.
Bitcoin Achieves Milestone Against Gold
JPMorgan’s declaration suggests a potential Bitcoin ETF market size of $62 billion if gold is used as a benchmark. Furthermore, February marked a notably optimistic period for the cryptocurrency market, with the total market capitalization soaring by nearly 40% month-over-month to $2.2 trillion. This surge was primarily driven by a 45% increase in Bitcoin and a 47% rise in Ethereum.
While altcoins didn’t perform as strongly, they st...
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Binance Partner PancakeSwap Unveils v4 on Ethereum and BNB Chain
CoinGape (RSS)
PancakeSwap, a leading decentralized exchange (DEX), has announced the launch of PancakeSwap v4, marking a significant advancement in the world of Automated Market Makers (AMMs). This latest iteration, set to operate on both the Ethereum and Binance Smart Chain (BNB Chain), represents a notable milestone in the platform’s evolution.
Since its inception as a simple AMM model in 2020, PancakeSwap has rapidly transformed into a prominent multichain DEX, boasting impressive achievements along the way. With a total volume reaching 711 billion, 1.8 million active users, and over 2.24 billion total value locked, PancakeSwap has solidified its position as a key player in the DeFi landscape.
Developers will find immediate accessibility to PancakeSwap v4, enabling them to engage with ...
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CoinGape (RSS)
PancakeSwap, a leading decentralized exchange (DEX), has announced the launch of PancakeSwap v4, marking a significant advancement in the world of Automated Market Makers (AMMs). This latest iteration, set to operate on both the Ethereum and Binance Smart Chain (BNB Chain), represents a notable milestone in the platform’s evolution.
Since its inception as a simple AMM model in 2020, PancakeSwap has rapidly transformed into a prominent multichain DEX, boasting impressive achievements along the way. With a total volume reaching 711 billion, 1.8 million active users, and over 2.24 billion total value locked, PancakeSwap has solidified its position as a key player in the DeFi landscape.
Developers will find immediate accessibility to PancakeSwap v4, enabling them to engage with ...
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Shiba Inu Whale Dumps 1 Tln SHIB As Price Takes Bearish Turn, What’s Next?
CoinGape (RSS)
In the midst of a substantial crypto market selloff witnessed today, March 15, Shiba Inu, an Ethereum-based meme coin, birthed a cyclone of speculations across the broader crypto market as it noted colossal whale activity recently. A whopping 1 trillion SHIB on the move nabbed global attention as Shiba Inu painted a bearish climate across the crypto landscape today, with its price slipping below the $0.00003 mark as of press time.
Following a nearly 200% upswing showcased by SHIB in the past thirty days, this drop has taken crypto market enthusiasts by storm. Despite the community’s continued burning of SHIB, as reported by CoinGape Media today, a roughly 10% drop in price over the past 24 hours...
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CoinGape (RSS)
In the midst of a substantial crypto market selloff witnessed today, March 15, Shiba Inu, an Ethereum-based meme coin, birthed a cyclone of speculations across the broader crypto market as it noted colossal whale activity recently. A whopping 1 trillion SHIB on the move nabbed global attention as Shiba Inu painted a bearish climate across the crypto landscape today, with its price slipping below the $0.00003 mark as of press time.
Following a nearly 200% upswing showcased by SHIB in the past thirty days, this drop has taken crypto market enthusiasts by storm. Despite the community’s continued burning of SHIB, as reported by CoinGape Media today, a roughly 10% drop in price over the past 24 hours...
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Solana Price Rally Eyes $250 as Users Top 1 Million
CoinGape (RSS)
SOL, the native token of the layer 1 ecosystem Solana is riding a steady rally defying current market correction as Bitcoin plunged below $70K. This sell-off has notably affected the altcoin market but the Solana price shows its sustainability above the $165 mark. This strong resilience hints this coin may witness an intense buying momentum if the broader returns to a recovery trend.
Also Read: 3 Reasons Why Solana Price Could Tumble To $140 Before Blasting To $200
Can Solana Price Sustain Above $150?
Solana Price| Tradingview
The Solana coin entered an aggressive recovery trend in late february when the price rebounded from $95.5 support. This bullish ...
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CoinGape (RSS)
SOL, the native token of the layer 1 ecosystem Solana is riding a steady rally defying current market correction as Bitcoin plunged below $70K. This sell-off has notably affected the altcoin market but the Solana price shows its sustainability above the $165 mark. This strong resilience hints this coin may witness an intense buying momentum if the broader returns to a recovery trend.
Also Read: 3 Reasons Why Solana Price Could Tumble To $140 Before Blasting To $200
Can Solana Price Sustain Above $150?
Solana Price| Tradingview
The Solana coin entered an aggressive recovery trend in late february when the price rebounded from $95.5 support. This bullish ...
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Who is ‘Mr. 100’? Mysterious Bitcoin whale becomes 14th biggest BTC holder
Cointelegraph.com News (RSS)
The Bitcoin wallet has added 100 BTC tranches regularly since at least November 2022, when FTX collapsed.
Cointelegraph.com News (RSS)
The Bitcoin wallet has added 100 BTC tranches regularly since at least November 2022, when FTX collapsed.
Vanguard CEO Rejects Bitcoin ETF, Citing Lack of Stability!
Coincu (RSS)
Vanguard CEO made it unequivocally clear that the investment firm has no plans to offer spot Bitcoin ETFs. Read more...
Coincu News
Coincu (RSS)
Vanguard CEO made it unequivocally clear that the investment firm has no plans to offer spot Bitcoin ETFs. Read more...
Coincu News
Massive L2 Gas Fee Reduction: Dencun Upgrade Slashes Costs By 90%
Coincu (RSS)
Ethereum's Dencun upgrade led to significant L2 gas fee reduction, decreasing costs for transactions on layer 2 solutions. However, it didn't boost investor interest in rollups.Read more...
Coincu News
Coincu (RSS)
Ethereum's Dencun upgrade led to significant L2 gas fee reduction, decreasing costs for transactions on layer 2 solutions. However, it didn't boost investor interest in rollups.Read more...
Coincu News
Bitcoin set to hit $45K after market correction – Winter preparations could prove handy
Cryptopolitan (RSS)
Bitcoin is not doing so well today. As its price trajectory points towards the $45,000 mark, investors and enthusiasts alike are gearing up for potential fluctuations in the crypto market.
As of this writing, the current value of Bitcoin (BTC) is $68,093.90, reflecting a decrease of 4.8% since yesterday and a decrease of 0.5% from an hour ago. Seven days ago, the value of Bitcoin was 0.2% lower than it is today. The 24-hour trading volume of Bitcoin amounted to $87,438,712,929.
Bitcoin tanks ahead of the weekend’s negative sentiment
Bitcoin continues to follow the conventional path to new macro highs, according to seasoned market participants. Despite heightened price volatility in close proximity to its all-time high of $69,000 in 2021, the ongoing Bitcoin bull run remains entirely unaffected.
Even if a significantly deeper correction were to transpire from the present leve...
View original post
Cryptopolitan (RSS)
Bitcoin is not doing so well today. As its price trajectory points towards the $45,000 mark, investors and enthusiasts alike are gearing up for potential fluctuations in the crypto market.
As of this writing, the current value of Bitcoin (BTC) is $68,093.90, reflecting a decrease of 4.8% since yesterday and a decrease of 0.5% from an hour ago. Seven days ago, the value of Bitcoin was 0.2% lower than it is today. The 24-hour trading volume of Bitcoin amounted to $87,438,712,929.
Bitcoin tanks ahead of the weekend’s negative sentiment
Bitcoin continues to follow the conventional path to new macro highs, according to seasoned market participants. Despite heightened price volatility in close proximity to its all-time high of $69,000 in 2021, the ongoing Bitcoin bull run remains entirely unaffected.
Even if a significantly deeper correction were to transpire from the present leve...
View original post
Web Pioneer Tim Berners-Lee Foresees AI and VR as Next Web Frontiers
Cryptopolitan (RSS)
In a recent interview with CNBC commemorating the 35th anniversary of his groundbreaking invention, Tim Berners-Lee, the mastermind behind the World Wide Web, shared his bold predictions for the future of the internet. The British computer scientist, renowned for his innovative contributions, anticipates significant shifts propelled by the integration of artificial intelligence (AI) and virtual reality (VR) technologies.
Berners-Lee envisions a paradigm shift where AI and VR will emerge as the cornerstone of the online experience. With AI-driven personal assistants poised to revolutionize human interaction with the internet, users can anticipate a seamless integration of technology into their daily lives. Emphasizing the transformative potential, Berners-Lee foresees individuals entrusting AI assistants with pivotal tasks, akin to a trusted confidant.
The proliferation of VR technology is poised ...
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Cryptopolitan (RSS)
In a recent interview with CNBC commemorating the 35th anniversary of his groundbreaking invention, Tim Berners-Lee, the mastermind behind the World Wide Web, shared his bold predictions for the future of the internet. The British computer scientist, renowned for his innovative contributions, anticipates significant shifts propelled by the integration of artificial intelligence (AI) and virtual reality (VR) technologies.
Berners-Lee envisions a paradigm shift where AI and VR will emerge as the cornerstone of the online experience. With AI-driven personal assistants poised to revolutionize human interaction with the internet, users can anticipate a seamless integration of technology into their daily lives. Emphasizing the transformative potential, Berners-Lee foresees individuals entrusting AI assistants with pivotal tasks, akin to a trusted confidant.
The proliferation of VR technology is poised ...
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Nayib Bukele’s Bitcoin brains, do you want some?
Cryptopolitan (RSS)
Nayib Bukele, the President of El Salvador, has garnered attention for his innovative approach to incorporating Bitcoin into his country’s economic framework. Bukele is known for his strategic embrace of Bitcoin, positioning it as a tool for financial inclusion and reducing remittance fees for Salvadorans.
His decision to make Bitcoin legal tender in El Salvador marked a historic moment, making it the first country to do so. Bukele’s Bitcoin strategy has sparked both praise and criticism as it intersects with his administration’s broader political and economic agenda. Here’s how he thinks:
El Salvador makes huge BTC moves
The president of El Salvador has shown every bone that comes with Bitcoin commitment and consistency. Since BTC’s adoption in the country in 2021, he has been bombarded with criticism of bad financial decisions, especially in the bear market. What was his response? “Still waiting.”
...
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Cryptopolitan (RSS)
Nayib Bukele, the President of El Salvador, has garnered attention for his innovative approach to incorporating Bitcoin into his country’s economic framework. Bukele is known for his strategic embrace of Bitcoin, positioning it as a tool for financial inclusion and reducing remittance fees for Salvadorans.
His decision to make Bitcoin legal tender in El Salvador marked a historic moment, making it the first country to do so. Bukele’s Bitcoin strategy has sparked both praise and criticism as it intersects with his administration’s broader political and economic agenda. Here’s how he thinks:
El Salvador makes huge BTC moves
The president of El Salvador has shown every bone that comes with Bitcoin commitment and consistency. Since BTC’s adoption in the country in 2021, he has been bombarded with criticism of bad financial decisions, especially in the bear market. What was his response? “Still waiting.”
...
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JPMorgan warns of MicroStrategy’s Bitcoin dark future
Cryptopolitan (RSS)
MicroStrategy’s significant purchases of Bitcoin, primarily through debt financing, have garnered attention due to their potential implications in the event of a future downturn. According to a report by JPMorgan, the large-scale acquisition of Bitcoin using borrowed funds raises concerns about exacerbating the impact of a market downturn.
MicroStrategy should probably give up buying more Bitcoin
JPMorgan stated that while bitcoin has been soaring to new all-time highs, a future correction could be exacerbated by the enormous exposure of one bullish firm. Since the start of the year, MicroStrategy has acquired Bitcoin worth $821 million during the period from February 26 to March 10. This purchase was financed by the sale of $1.2 billion in senior convertible notes.
“We believe debt-funded bitcoin purchases by MicroStrategy add leverage and froth to the current crypto rally and raise the risk of more severe d...
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Cryptopolitan (RSS)
MicroStrategy’s significant purchases of Bitcoin, primarily through debt financing, have garnered attention due to their potential implications in the event of a future downturn. According to a report by JPMorgan, the large-scale acquisition of Bitcoin using borrowed funds raises concerns about exacerbating the impact of a market downturn.
MicroStrategy should probably give up buying more Bitcoin
JPMorgan stated that while bitcoin has been soaring to new all-time highs, a future correction could be exacerbated by the enormous exposure of one bullish firm. Since the start of the year, MicroStrategy has acquired Bitcoin worth $821 million during the period from February 26 to March 10. This purchase was financed by the sale of $1.2 billion in senior convertible notes.
“We believe debt-funded bitcoin purchases by MicroStrategy add leverage and froth to the current crypto rally and raise the risk of more severe d...
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Why is Bitcoin’s price down today? BTC tanks to $67K
Cryptopolitan (RSS)
Bitcoin’s price tumbled to $67,000 due to a market correction, with the price falling as low as $67,000 during Asian trading hours, representing a 7% decrease. This decline was attributed to profit-taking and market corrections, which are common occurrences in the crypto market.
As of this writing, the current value of Bitcoin (BTC) is $67,443.55, reflecting a decrease of 0.1% from one hour ago and a decline of 7.2% since yesterday. The present value of Bitcoin is 0.1% higher than its value from seven days ago.
At $2.67 trillion, the current value of the global crypto market cap is -7.96% in the last twenty-four hours and 140.29% a year ago. At present, BTC holds a market cap of $1.32 trillion, signifying a dominance of 49.34%. Stablecoins, meanwhile, have a market cap of $149 billion, or 5.57%, of the total crypto market cap.
Bitcoin lives up to its volatility nature
Bitcoin fell to a one-week low in tumultuo...
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Cryptopolitan (RSS)
Bitcoin’s price tumbled to $67,000 due to a market correction, with the price falling as low as $67,000 during Asian trading hours, representing a 7% decrease. This decline was attributed to profit-taking and market corrections, which are common occurrences in the crypto market.
As of this writing, the current value of Bitcoin (BTC) is $67,443.55, reflecting a decrease of 0.1% from one hour ago and a decline of 7.2% since yesterday. The present value of Bitcoin is 0.1% higher than its value from seven days ago.
At $2.67 trillion, the current value of the global crypto market cap is -7.96% in the last twenty-four hours and 140.29% a year ago. At present, BTC holds a market cap of $1.32 trillion, signifying a dominance of 49.34%. Stablecoins, meanwhile, have a market cap of $149 billion, or 5.57%, of the total crypto market cap.
Bitcoin lives up to its volatility nature
Bitcoin fell to a one-week low in tumultuo...
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Survey Reveals Slow Adoption of Generative AI in Business, Despite High Expectations
Cryptopolitan (RSS)
A recent global survey conducted by Telstra and the MIT Technology Review Insights has shed light on the slow adoption of generative AI in businesses, despite the technology’s widespread hype and expectations. Surprisingly, only 9% of more than 300 business leaders worldwide were found to be heavily utilizing generative AI, a stark contrast to the optimism surrounding its potential.
The survey report identified several key obstacles preventing the widespread adoption of generative AI across various industries. Data privacy, regulations, and IT infrastructure emerged as the primary barriers, highlighting the challenges businesses face in implementing this cutting-edge technology.
Stela Solar, Inaugural Director at Australia’s National Artificial Intelligence Centre, emphasized the misconception about the ease of running mature, enterprise-ready, generative AI. She emphasized the ne...
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Cryptopolitan (RSS)
A recent global survey conducted by Telstra and the MIT Technology Review Insights has shed light on the slow adoption of generative AI in businesses, despite the technology’s widespread hype and expectations. Surprisingly, only 9% of more than 300 business leaders worldwide were found to be heavily utilizing generative AI, a stark contrast to the optimism surrounding its potential.
The survey report identified several key obstacles preventing the widespread adoption of generative AI across various industries. Data privacy, regulations, and IT infrastructure emerged as the primary barriers, highlighting the challenges businesses face in implementing this cutting-edge technology.
Stela Solar, Inaugural Director at Australia’s National Artificial Intelligence Centre, emphasized the misconception about the ease of running mature, enterprise-ready, generative AI. She emphasized the ne...
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Unveiling the Wood, Softwood, and Hardwood Sources in Lightyear Frontier
Cryptopolitan (RSS)
In the immersive world of Lightyear Frontier, mastering the art of resource gathering is paramount for any budding space farmer. Among the crucial materials needed for crafting and construction, wood, softwood, and hardwood stand out as indispensable commodities.
Locating Wood and Softwood
Wood and softwood, pivotal components for various crafting endeavors, can be harvested from specific tree types scattered across the game’s diverse landscapes. Green Trees and Yellow Trees are the primary sources for acquiring wood, readily available in clusters across different zones. Utilizing the Spike Saw tool proves effective in swiftly collecting these resources, especially when trees are grouped closely.
For expedited wood gathering, venturing into the Yellow Forest presents an ideal opportunity. Though accessing this area may require tool upgrades, the abundant groves within offer ample supplies o...
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Cryptopolitan (RSS)
In the immersive world of Lightyear Frontier, mastering the art of resource gathering is paramount for any budding space farmer. Among the crucial materials needed for crafting and construction, wood, softwood, and hardwood stand out as indispensable commodities.
Locating Wood and Softwood
Wood and softwood, pivotal components for various crafting endeavors, can be harvested from specific tree types scattered across the game’s diverse landscapes. Green Trees and Yellow Trees are the primary sources for acquiring wood, readily available in clusters across different zones. Utilizing the Spike Saw tool proves effective in swiftly collecting these resources, especially when trees are grouped closely.
For expedited wood gathering, venturing into the Yellow Forest presents an ideal opportunity. Though accessing this area may require tool upgrades, the abundant groves within offer ample supplies o...
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US 2024 elections and crypto sign up for a “dance of death”
Cryptopolitan (RSS)
The upcoming US 2024 elections have captivated the nation’s attention, promising to be a critical juncture in shaping the country’s future. Amidst the political fervor, an intriguing fusion of technology and finance emerges as crypto enthusiasts brace themselves for a unique opportunity – the “dance of death.”
This juxtaposition of electoral dynamics with the decentralized world of cryptocurrency unveils a tantalizing prospect for both political aficionados and blockchain enthusiasts alike.
Crypto plays a role in the current US elections
The relationship between US government officials, governing arms, and crypto has been toxic. Yet, these entities play a significant role in the policies being formed around the voting period. With Trump and Biden geared up for presidential seats, both have something to do and say on Bitcoin and the crypto ecosystem. What will these enemies get done?
The dance between ...
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Cryptopolitan (RSS)
The upcoming US 2024 elections have captivated the nation’s attention, promising to be a critical juncture in shaping the country’s future. Amidst the political fervor, an intriguing fusion of technology and finance emerges as crypto enthusiasts brace themselves for a unique opportunity – the “dance of death.”
This juxtaposition of electoral dynamics with the decentralized world of cryptocurrency unveils a tantalizing prospect for both political aficionados and blockchain enthusiasts alike.
Crypto plays a role in the current US elections
The relationship between US government officials, governing arms, and crypto has been toxic. Yet, these entities play a significant role in the policies being formed around the voting period. With Trump and Biden geared up for presidential seats, both have something to do and say on Bitcoin and the crypto ecosystem. What will these enemies get done?
The dance between ...
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