Tue, March 19

Standard Chartered Boosts Bitcoin Price Target to $150K in 2024

Cryptocurrencies’ price estimates for 2024 and 2025 were updated on Monday by banking behemoth Standard Chartered. Bitcoin will likely reach $150,000 by year’s end, according to Standard Chartered, and $250,000 in 2025. In addition, the bank anticipates that the price of Ethereum (ETH) will hit $8,000 upon approval of a

8 hours ago 1 min read

IMF Urges Pakistan to Tax Crypto Capital Gains for $3B Bailout

In order to be eligible for $3 billion in bailout money, the International Monetary Fund (IMF) has mandated that the Federal Board of Revenue (FBR) of Pakistan impose a Capital Gains Tax (CGT) on investments in cryptocurrencies. The IMF suggested that Pakistan’s FBR tax cryptocurrency capital gains during the review

9 hours ago 2 mins read

Binance CEO Predicts Bitcoin to Cross $80,000 by End of 2024

Richard Teng, the current CEO of Binance, according to Bloomberg has stated that he thinks bitcoin (BTC) will reach $80,000 by the 2024 end. According to Teng, “with supply reducing and demand continuing to come through,” he anticipates that the biggest cryptocurrency in the world will surpass his earlier prediction

10 hours ago 1 min read

Will Bitcoin Surge Above $70K Again Anytime Soon?

Bitcoin’s recent tumultuous journey has left investors and market enthusiasts on edge as the cryptocurrency experiences unprecedented highs and worrying dips. After reaching an all-time high of over $73,500 earlier this month, Bitcoin’s rapid ascent was matched by an equally swift descent, plunging below the $65,000 mark. Presently, it hovers

21 hours ago 2 mins read

Marathon Digital Set to Acquire $87.3M Bitcoin Mining Facility

Marathon Digital Holdings recently made an announcement about a formal deal to acquire a 200 MW Bitcoin mining facility in Texas from Applied Digital for $87.3 million. After all changes to the price have been negotiated, the deal will be finalized since Marathon has agreed to pay the acquisition price

March 17, 2024 1 min read

El Salvador Vaults $400 Million in Bitcoin: A Landmark Move?

The Central American nation of El Salvador, led by President Nayib Bukele, has ramped up its cryptocurrency reserves by transferring a staggering $400 million worth of Bitcoin (BTC) into a cold wallet. This significant maneuver, described by Bukele as “a big chunk,” marks a notable milestone in the country’s ongoing

March 16, 2024 2 mins read

Vanguard CEO Reaffirms Stance Against Spot Bitcoin ETFs

Investment banking behemoth Vanguard’s chairman of the board and chief executive officer Tim Buckley has reiterated his firm’s intention to stay out of the spot Bitcoin exchange-traded fund market. According to Buckley, his company has been getting a lot of inquiries on the timing of potential spot Bitcoin exchange-traded funds.

March 16, 2024 2 mins read

Bitcoin Investor Allocation Portfolio Surpasses Gold as per JPMorgan

After taking volatility into account, a JP Morgan analyst claims that Bitcoin is currently more heavily allocated to investor portfolios than gold. Investors’ allocation to Bitcoin (BTC) is 3.7 times more than that to gold, according to JPMorgan managing director Nikolaos Panigirtzoglou, who allegedly said this after accounting for volatility.

March 15, 2024 2 mins read