tvcrypto
When Finder polled its panel of crypto and fintech specialists in January 2023, they weren’t so bullish on Bitcoin (BTC). Their average price prediction for BTC by the end of 2023 was US$26,844. Optimism About The Price Of BitcoinIn this survey, the average price they thought BTC would hit by the end of 2023 was US$35,458, a number 30% higher than January’s. So, why do our panelists think BTC might be worth more by year end 2023 than they predicted just four months prior? Here are a few reasons: Reason #1: Loss Of Trust In BanksMany of our panelists believe that investors have been buying Bitc...
ValueWalk
Over the last few years, trades of options contracts have been exploding. In fact, 2022 marked the third consecutive year in which contracts in single-stock and index options in the U.S. set a new record, more than doubling from where they stood only three year ago. Last year marked the first time U.S. stock options surpassed 10 billion contracts in a year. However, while options are also available on cryptocurrencies, they remain far behind stock options in popularity. According to Wave Financial, the daily crypto options volume has hovered just below $1 billion on centralized exchanges. Q4 2...
ValueWalk
Nearly two years of arguments are now in the hands of Judge Analisa Torres of the Southern District of New York, who is expected to rule sometime in the first quarter of this year. SEC v. RippleThe issue revolves around how Ripple uses the XRP token and its decentralized ledger as a tool for its cross-border payments software that it sells to international banks and money transmitters. The company and two of its executives sold large amounts of the token to exchanges starting in 2013, which fed a substantial secondary market for the cryptocurrency and an ecosphere for the XRP Ledger for busine...
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Crypto enthusiasts have long touted bitcoin as digital gold, but an analysis of the cryptocurrency’s performance versus those of other assets shows that it hasn’t really earned that status yet. One thing that’s still lacking is a widespread market perception of crypto assets as a store of value. Cryptocurrencies remain a minuscule part of the global financial markets, with a total market capitalization of $1.1 trillion as of August, a significant decline from their record market cap of $3 trillion. The crypto markets are only about 2.5% of the total U.S. equity market cap. Q3 2022 hedge fund l...
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Institutional investors remain interested in cryptocurrencies despite the widespread selloff that has struck the sector this year. In fact, Fidelity’s fourth-annual Institutional Digital Assets Study found that more than half of respondents had invested in digital assets during the first six months of 2022. Nearly three-quarters of the institutional investors surveyed plan to invest in the future. Q3 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you...
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Crypto lender Celsius Network announced that it has received several cash-injection offers as it tries to stay afloat during the bankruptcy process. The company had revealed on Monday that it was low on cash. Additionally, a judge has given Celsius approval to sell the bitcoin it mines to provide additional support during the process. Celsius Reveals Cash-Injection OffersQ2 2022 hedge fund letters, conferences and more Sussberg added that it was "mission critical" for them to move quickly on those proposals. It's common for companies going through a bankruptcy restructuring to secure financing...
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Bankrupt crypto lender Voyager Digital has rejected an offer from FTX that would have allowed Voyager’s customers to receive an advance on their claims in the bankruptcy. Attorneys for Voyager argue that the offer would only benefit FTX while harming Voyager customers. FTX Offers To Support Voyager Customers In BankruptcyOn Friday, crypto exchange FTX offered to provide early liquidity to Voyager Digital’s customers as it goes through the bankruptcy process. Voyager filed for Chapter 11 bankruptcy protection about two weeks ago. Alameda Ventures, which is controlled by FTX CEO Sam Bankman-Frie...
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The bitcoin price soared past $24,000 on Wednesday, adding more than $800 to its value as it rose 3.5% in less than 12 hours. With this latest gain, the cryptocurrency is trading at prices not seen in over a month. However, bitcoin couldn’t hold the $24,000 level, as it fell back below it just an hour later. Meanwhile, the ether price approached $1,600 after adding more than $55 to its value in an increase of 3.6% in less than 12 hours. Crypto enthusiasts appear to be optimistic about the upcoming upgrade to the Ethereum network generally referred to as the “Merge.” Q2 2022 hedge fund letters,...
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