Crypto Team Build
Jamie Dimon’s JPMorgan says bitcoin’s slide has created ‘significant upside’ for crypto investors
Cryptocurrency Bitcoin’s recent slide has left the digital token well below its fair price, giving the cryptocurrency “significant upside” now, JPMorgan Chase said in a research note this week. The bank said bitcoin was undervalued by 28%, and put its price target for the coin, which was trading at just above $29,600 on Thursday afternoon, at $38,000 according to Markets Insider. Bitcoin fell below $26,000 earlier this month for the first time since December 2020, just as stock markets have been similarly pummeled — largely due to inflation fears. “The past month’s crypto market correction looks more like capitulation relative […]
Miami’s Mayor Continues to Receive His Salary in Bitcoin
Bitcoin The mayor of Miami and an outspoken bitcoin bull – Francis Suarez – revealed he still takes his salary in the primary digital asset. However, he explained this is not his only paycheck as others might be paid in fiat currency. Bitcoin Salary in BTC Despite the Market Crash The cryptocurrency market has significantly tumbled in the past few weeks. Bitcoin, for one, currently struggles to maintain $30,000 and sits far away from its all-time high last year. Nonetheless, the negative trend has not changed Miami’s mayor stance on the asset. During a panel at the World Economic Forum […]
Kraken Daily Market Report for May 24 2022
Overview Daily spot trading volume: $629.0 million, 30 day average spot: $1.05 billion. Total futures notional: $145.6 million. The top five traded coins were, respectively, Tether (+0%), Bitcoin (+1.9%), Ethereum (+0.3%), USDC (0%), and Solana (+1.0%). Strong returns from Tezos (+14%), Moonbeam (+18%), and Astar (+29%). May 24, 2022 $629.0M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD USDT $0.9989 ↑0.0% $227.6M BTC $29631. ↑1.9% $144.6M ETH $1975.8 ↑0.25% $73.4M USDC $1.0 ↑0.0% $61.9M SOL $49.64 ↑1.0% $24.9M DOT $10.175 ↑3.2% $8.57M…
Mercado Bitcoin partners with Stellar to create MVP for Brazilian CBDC
Bitcoin Cryptocurrency companies unite to create use cases for Brazil’s CBDC with central bank approval. 937 Total views 26 Total shares Brazilian exchange Mercado Bitcoin announced its partnership with the Stellar Development Foundation (SDF) on Tuesday. The company said it intends to develop one of the nine projects selected for the LIFT Challenge Real Digital, promoted by the Central Bank of Brazil. The LIFT Challenge Real Digital is a collaborative environment carried out by the Central Bank of Brazil (Bacen), in partnership with the National Federation of Associations of Central Bank Servers (Fenasbac). With the announcement of Stellar’s integration, SDF will […]
Acquiring a Home With Bitcoin — A Deep Dive Into the Latest Crypto-Backed Mortgage Trend
During the last few years, cryptocurrencies have been integrated into traditional finance tools like automated teller machines (ATMs), loadable debit cards, point-of-sale devices, and direct payments for all kinds of goods and services. Digital assets have also been added to retirement account offerings issued by financial giants like Fidelity. In recent times, cryptocurrencies can be further capitalized to put a down payment on a mortgage or get a conventional home loan using bitcoin as collateral. Crypto-Backed Conventional Home Loans These days, at least in the United States, banks require at least 20% down if a person or a couple wants […]
