Category: Cryptocurrency

Feb 09
JPMorgan estimates ‘fair value’ of Bitcoin at $38K

JPMorgan’s long-term theoretical target for Bitcoin stands at $150,000, up from $146,000 forecasted in January 2021. Source: Cointelegraph

Feb 09
New Alfa Romeo SUV uses NFT and blockchain to track car records

Alfa Romeo’s Tonale NFT certifies a car upon purchase and then records and keeps data during the vehicle’s lifespan. 767 Total views 51 Total shares Italian carmaker Alfa Romeo has unveiled its latest vehicle, the Tonale SUV. The firm claims that it is the first in the industry to connect each vehicle to its own […]

Feb 09
GameStop stock up on rumors of Microsoft NFT game partnership

Execs from Immutable X and Microsoft appear to have hinted that the software giant could also be teaming up with GameStop for NFT games. 3721 Total views 62 Total shares The stock price of popular video game store chain GameStop (GME) surged roughly 13% in one day amid rumors circulating online regarding a partnership with […]

Feb 09
'Powder keg’: FSInsight report says a single spark could see BTC 5X

Financial research firm FSInsight predicts in a new report that Bitcoin could reach $222,000, and Ether could reach $12,000, by the end of 2022. At current prices of BTC ($43,350) and ETH ($3,080), that would mean a nearly five-time and four-time increase in price for each coin respectively. The Digital Assets In A Post-Cycle World […]

Feb 09
AssangeDAO concludes raise with $53M to help Julian fight for freedom

The AssangeDAO pulled in 17,422 Ether from 10,000 people, with the funds set to be used to win the NFT auction that is supporting Assange’s legal battles. 460 Total views 6 Total shares The Decentralized Autonomous Organization (DAO) supporting Wikileaks founder Julian Assange’s legal plight has concluded its raise, generating a whooping 17,422 Ether (ETH) […]

Feb 09
'Comedic rapper' charged over Bitfinex hack laundering out on bail

New York resident Heather Morgan, 31, claims to be many things: “a serial entrepreneur, prolific writer, irreverent comedic rapper, and investor in B2B software companies with high growth potential.” But her LinkedIn bio doesn’t mention anything about her alleged capability to help launder hacked cryptocurrency. Yesterday morning, FBI agents arrested Morgan — or was it […]

Feb 08
Bitcoin rebound hits $45.5K as focus switches to future support retests

Bitcoin (BTC) hit new multi-week highs above $45,000 on Feb. 8 as the largest cryptocurrency’s comeback continued. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $40,000 becomes popular retest target Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $45,500 on Bitstamp in its latest surge before consolidating. Volatility was once again in evidence as the […]

Feb 08
DoJ seizes $3.6B in crypto and arrests two in connection with 2016 Bitfinex hack

“The department once again showed how it can and will follow the money,” said Deputy Attorney General Lisa Monaco. 1614 Total views 28 Total shares Authorities in the United States have made arrests and announced the seizure of $3.6 billion in cryptocurrency more than five years after hackers stole 119,756 Bitcoin (BTC) from the Bitfinex […]

Feb 08
Simple math says Russia could collect up to $13B in crypto tax each year

The note mentioned that the estimates are an overview based on a tax slab of 6%, which would be different once regulations are in place. 1012 Total views 40 Total shares The Russian government is expected to collect up to 1 trillion rubles ($13 billion) in crypto tax each year, as per an estimation by […]

Feb 08
OpenSea once again delists CryptoPunks v1 as legal battle heats up

Many users bought Punks’ NFTs on the basis that there were only going to be 10,000 of them, not potentially 20,000. 962 Total views 5 Total shares Late Monday, popular nonfungible tokens, or NFTs, platform OpenSea once again delisted the CryptoPunks v1 collection, which spiraled into existence along with the iconic CryptoPunks v2 collection due […]