Bitcoin’s fair value, according to JPMorgan, is $35,000
According to Bloomberg, JPMorgan claims that Bitcoin’s fair worth is $35,000, which is 44% less than its current price tag of $63,300. Its calculation is based on a comparison of cryptocurrency volatility to gold volatility. Bitcoin is currently four times more volatile than precious gold. Despite the fact that there is certainly more upside in […]
Miami mayor intends to accept first paycheck entirely in Bitcoin
Francis Suarez, the mayor of Miami since 2017, has stated that he will accept Bitcoin as payment for his next paycheck. Suarez stated on Twitter on Nov. 2 that he hoped to be the first state or federal legislator in the United States to accept Bitcoin as part of his salary. According to public data, […]
FTX US welcomes a former CFTC Commissioner
Today, FTX US, Sam Bankman-exchange Fried’s empire’s American affiliate, announced the hiring of Mark Wetjen as head of policy and regulatory strategy. Wetjen is a valuable addition to the developing organization, having served as a commissioner of the Commodity Futures Trading Comm ission (CFTC) from 2011 to 2016. When then-chair Gary Gensler (who is now […]
MAS Managing Director Says Singapore Has No Plans to Ban Bitcoin
The Singapore Monetary Authority’s chief, Ravi Menon, sees a lot of promise in the bitcoin market. As a result, he said that the local regulator will not outright prohibit the asset class, but will instead establish a proper regulatory framework. Singapore , according to the CEO, has the potential to become a worldwide leader in […]
Polygen Raises $2.3 Million for a Truly Decentralized Launchpad
Polygen (PGEN), a “completely decentralized” launchpad, has announced the specifics of a strategic funding round led by a number of leading venture capital institutions. Polygen , which is working on a decentralized cryptocurrency tokensale platform (launchpad), has completed its strategic investment round, according to a press statement. #Polygen enables a truly decentralized fundraising platform encouraging […]