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Analyst Says if Silver Dips Below $18, Precious Metal Could ‘Get Absolutely Smoked’ — Morgan Report Founder Expects a Supply Crunch
21.8.2022
While gold’s been teetering along at just under $1,750 per ounce, the price of silver has dropped considerably, sliding 2.33% in value against the U.S. dollar during the last 24 hours. Silver has lost more than 28% against the dollar during the last 165 days or since March 8, 2022. Despite...
Coinbase Could Be a Material ‘Beneficiary’ of Ethereum’s Merge Transition, JPMorgan Analyst Says
18.8.2022
JPMorgan analyst Kenneth Worthington says digital currency exchanges like Coinbase will end up being a meaningful “beneficiary” of Ethereum’s long-awaited transition from proof-of-work (PoW) to proof-of-stake (PoW). Based on $2K ethereum prices and a 5% ethereum yield...
Function over fun? Analyst says P2E games don’t need to be ‘fun’ to retain users
16.8.2022
Play-to-earn games struggle to retain users, which is exactly why one analyst says they need to focus on function over fun
Bank of England Analysts See Crypto Having Important Roles in the Metaverse — Discuss the Need for Regulation
11.8.2022
Bank of England’s analysts say crypto assets could have important roles within the metaverse. “Widespread adoption of crypto in the metaverse … would require compliance with robust consumer protection and financial stability regulatory frameworks,” they added. Bank...
Landfill Gas Mitigation Firm Vespene Energy Secures $4.3M to Bolster Gas-to-Bitcoin Solutions
11.8.2022
On August 9, a firm that uses landfill methane to fuel bitcoin miners, Vespene Energy, announced the company has raised $4.3 million in a funding round led by Polychain Capital. Vespene aims to use the funds for its pilot in California by using landfill methane to mine bitcoin and “mitigate...
After Brutal Q2, Coinbase Needs to ‘Get Smart’ About Revenue Streams: Analyst Says
10.8.2022
Michael Safai, managing partner at Dexterity Capital, joined CoinDesk TV’s “First Mover” to discuss Coinbase's second-quarter earnings and the outlook for the crypto exchange
July’s CPI Report Shows US Inflation Cooling — Critics Say ‘US Government’s Formula Understates the Actual Rise in Prices’
10.8.2022
After last June’s inflation report published by the U.S. Bureau of Labor Statistics indicated that the Consumer Price Index (CPI) reflected a 9.1% year-over-year increase, July’s CPI data has come in lower with a year-over-year increase of 8.5%. Economists polled by media publications...
Bitcoin likely to transition to a risk-off asset in H2 2022, says Bloomberg analyst
8.8.2022
As the global economy moves into a recession in the second half of 2002, Bitcoin will likely rally alongside gold and treasury bonds, according to Mike McGlone, a senior commodity strategist at Bloomberg
BNB to Grow Modestly This Year, Might Tripple by 2025 - Analyst Panel
27.7.2022
BNB, the native token of the Binance exchange, is forecast to end the year priced at USD 274, potentially hitting USD 781 by 2025, and USD 1,814 by the end of 2030, according to a recent survey by personal finance comparison site Finder.com.
At 14:19 UTC, BNB, ranked 5th by market capitalization...
Since 2014, Roughly 42% of Failed Crypto Exchanges Have Disappeared Without a Trace for No Apparent Reason
25.7.2022
Just recently, coinjournal.net published a report that shows the number of cryptocurrency exchanges that have failed during the last eight years. Interestingly, the researcher’s data shows that 42% of failed crypto asset trading platforms disappeared without a trace, giving users...
Tesla May Take $460M Impairment Charge on Its Bitcoin Holdings for Q2, Analyst Says
20.7.2022
The value of the electric automakers’ sizable bitcoin holdings fell significantly in the second quarter
US Inflation Remains Scorching Hot, Jumping to 9.1% in June — White House Says CPI Data Is Already ‘Out-of-Date’
13.7.2022
According to the latest Bureau of Labor Statistics Consumer Price Index (CPI) report, U.S. inflation remains scorching hot as it has risen at the fastest yearly rate since 1981. June’s CPI data reflected a 9.1% year-over-year increase, even though a number of bureaucrats and economists...
Despite 'worst bear market ever,' Bitcoin has become more resilient, Glassnode analyst says
11.7.2022
Though on-chain metrics point to the worst Bitcoin bear market on record, they also highlight hodlers' growing resilience
Fidelity Analyst: Bitcoin Is Cheap — Ethereum Could Be Near Bottom
10.7.2022
Fidelity’s director of Global Macro has shared his bitcoin and ether price outlook. His analysis shows that bitcoin is cheap but ether could be even cheaper. “Ethereum could be close to a bottom,” he added. Fidelity’s Director on Bitcoin and Ether Price Outlook Jurrien...
Bloomberg analyst tips bullish BTC recovery in next six months
7.7.2022
The price of BTC could be set for a bullish rebound this year, says Bloomberg’s senior commodity strategist Mike McGlon, as the market shows similar signs to the bottom of 2018
Euro Drops to 20-Year Low Against the US Dollar, Tapping $1.028 per Unit — Analyst Says Parity Is Imminent
5.7.2022
The euro has had a sluggish start to the second half of 2022 as the fiat currency slid to a 20-year low against the U.S. dollar. The drop adds to the fear that the global economy is in a recession and analysts believe that the risk of “parity is just a matter of time now.” […]
Analyst Says Duke Energy Corporation Is Studying Bitcoin Mining Applied to Demand Response
4.7.2022
According to the lead rates and regulatory strategy analyst at Duke Energy Corporation, the second-largest U.S. energy corporation is currently studying bitcoin mining. Lead analyst Justin Orkney said that a bitcoin demand response (DR) study was being worked on and the energy firm is partnered...
Goldman Sachs Downgrades Coinbase to Sell Rating — Analyst Says Firm Needs to Make Cost Base Reductions
28.6.2022
Analysts from the multinational investment bank and financial services company Goldman Sachs Group Inc. have downgraded Coinbase Global Inc. in a note to investors on Monday. Today, Coinbase shares are down 83.68% from the stock’s all-time high (ATH) in November 2021. Goldman analyst William...
Report: $4B in Bitcoin Mining Loans Are in Distress — JPMorgan Analyst Says Price Pressure Stems From Miner Sales
27.6.2022
Cryptocurrency-related lending has become a black smudge for the industry these days and according to a recent report, bitcoin’s low price has put billions in mining loans under stress. The report, which quotes the co-founder of mining company Luxor Technologies, Ethan Vera, says that...
Harmony’s $100M Hack Was Due to a Compromised Multi-Sig Scheme, Says Analyst
26.6.2022
On June 23, 2022, the Harmony development team announced that $100 million was siphoned from the Horizon bridge, and the organization explained it was working with national authorities and forensic specialists. According to an account published Polygon’s chief information security officer...