BBVA, a major Spanish bank, is telling its wealthy clients to consider adding Bitcoin and other cryptocurrencies to their investment portfolios. They’re suggesting anywhere from 3% to a whopping 7%, depending on how much risk the client is comfortable with. Why the Crypto Push? This recommendation comes from Philippe Meyer, BBVA Switzerland’s head of digital…
The long-running legal battle between Ripple and the SEC might finally be nearing its end. A recent court filing has sparked optimism that a resolution is just days away. Ripple’s Latest Move Ripple cleverly submitted a letter asking the judge to give a preliminary nod to their settlement proposal. This would essentially signal the judge’s…
Bitcoin is hanging tough above $100,000 despite some recent negativity. This is a crucial level for bulls; losing it would signal a major shift. Trading volume is all over the place, showing investor uncertainty. While some predict a crash, others, like analyst Master Ananda, see a continued upward trend. Why $115,482? Master Ananda’s Prediction Master…
Major banks are betting big on gold, predicting significant price increases fueled by global uncertainty. Goldman Sachs and Bank of America’s Forecasts Bank of America forecasts gold reaching $4,000 per ounce within the next year—a jump of over 17% from current levels. Goldman Sachs is slightly more conservative, predicting a $3,700 price tag by year’s…
Goldman Sachs predicts a massive influx of cash into the US stock market this year, with American households leading the charge. Households to Remain Top Stock Buyers Analysts at the investment bank estimate that US households will directly buy a whopping $425 billion worth of US stocks in 2024. This makes them the second-largest source…
VanEck, a major crypto asset manager, is warning companies holding Bitcoin as a treasury asset about a potential problem: their stock price might be getting too close to the value of their Bitcoin holdings. The Problem: Stock Price vs. Bitcoin Value Matthew Sigel, VanEck’s head of digital assets research, points out that while no public…
JPMorgan Chase, a major player in the financial world, is making a move into the cryptocurrency market. They’ve filed a trademark application with the US Patent and Trademark Office for “JPMD,” a brand name for their new crypto services platform. What JPMD Will Offer The application shows JPMD will offer a wide range of crypto…
Bitcoin’s dominance is soaring, leaving many wondering if altcoins will ever have their moment in the sun. Let’s dive into what’s happening. Bitcoin’s Dominance Reigns Supreme Crypto analyst Daan Crypto points out that Bitcoin’s dominance is now over 64% and climbing. He believes this trend will continue as more big companies are buying up Bitcoin….
A South Korean court threw out the criminal fraud charges against Lee Hyung-soo, CEO of the failed crypto firm Haru Invest. This means he won’t be going to jail, despite accusations of mishandling over $650 million of investor money. The Case Against Haru Invest The case exploded after Haru Invest suddenly froze withdrawals and shut…
Internet Computer (ICP) has taken the lead in a key metric: developer activity. This puts it ahead of major players like Ethereum (ETH) and Cardano (ADA). Developer Activity: What Does It Mean? Santiment, a crypto analytics firm, recently shared data showing the top crypto projects ranked by developer activity over the past month. This metric…
