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“# Crypto is ‘poorest hedge’ for drawdowns in equities, JPMorgan analysts say ” Analysts at American investment bank JPMorgan Chase have delivered another skeptical statement on Bitcoin (BTC), arguing that its current price is much higher than its fair value. In a regular memo for investors, JPMorgan argued that cryptocurrencies like Bitcoin are an “economic…
“# Binance Coin becomes the third-largest crypto following parabolic rally ” Binance Coin (BNB), a cryptocurrency issued by the world’s largest crypto exchange Binance, has hit a major historical milestone, becoming the third-largest coin by market capitalization for the first time in history. At the time of writing, BNB’s market cap stands at $38 billion,…
“# Akoin rolled out in $2B medical metropolis in Kenya ” Akoin (AKN), the crypto project developed by Senegalese-American singer Akon, has completed the pilot rollout stage of its deployment in the Mwale Medical and Technology City complex in Kenya. As previously reported by Cointelegraph, the trial phase was launched back in November 2020 at…
“# Elon Musk: ‘Only a fool’ wouldn’t seek non-fiat investments ” On Feb. 19, Musk responded to comments made by Binance CEO Changepeng Zhao to Bloomberg in which CZ expressed his surprise at the Tesla executive’s “gung-ho” pronouncements regarding Dogecoin. Tesla co-founder and hypothetical Dogecoin (DOGE) CEO Elon Musk has asserted that “only a fool”…
“# Poll finds four in 10 Brits believe the stock market is as risky as crypto ” A new poll carried out by Piplsay has found that 41% of Brits now believe there is an equal amount of risk to investing in cryptocurrencies as the stock market. The survey of 6,070 British residents above the…
“# BitMEX’s Arthur Hayes returns with calls for a boycott of legacy finance ” BitMEX co-founder and former CEO Arthur Hayes has returned from exile with a post on the derivatives exchange’s official blog calling for a boycott of legacy platforms following the GameStop drama. Hayes said the incident, where trading on Robinhood was halted…
“# Riot Blockchain stock plunges 20% following parabolic rally ” Shares of crypto mining company Riot Blockchain (RIOT) plunged on Thusday, giving back a portion of a parabolic rally that was largely driven by news of a major boost in hash rate capacity. RIOT fell 20.4% to close at $62.03 on Thursday but was moving…
“# Bobby Lee standing by prediction for massive BTC peak in December ” Crypto expert Bobby Lee’s early predictions on the price of Bitcoin have proven to be quite accurate during the latest bull run. In a tweet from December 2018, the Ballet crypto wallet CEO and founder said that the next Bitcoin (BTC) rally…
“# Nvidia’s GeForce limits hash rate to divert crypto miners to new CMP line ” Nvidia, a California-based hardware company known for developing industry-leading graphics cards, is doing everything it can to ensure that its upcoming GeForce RTX 3060 GPU ends up in the hands of gamers. To achieve that end, the company announced Thursday…
“# Gemini launches crypto education platform featuring ‘Expert Network’ ” Cameron Winklevoss, Gemini’s president, unveiled Cryptopedia on Thursday. He described the new platform as a “free resource that provides open-access, high-quality crypto education to the world.” The platform currently includes categories devoted to cryptocurrencies, security, trading and investing, and DeFi. Cryptopedia was also designed for…