The rallies have contributed to a slump in Bitcoin’s share of the $2.6 trillion crypto market to 43% from about 70% at the start of 2021, a metric that for strategists at JPMorgan Chase & Co.
Bitcoin’s waning dominance carries echoes of “froth” to the extent it’s being fueled “by a rally in other cryptocurrencies driven more by retail demand,” a JPMorgan team led by Nikolaos Panigirtzoglou wrote in a note Friday.
Among the most notable moves in the crypto market Monday was Ether’s jump past $4,000 for the first time after a climb of more than 2,000% in the past year.
Later, it emerged that the cryptocurrency is apparently being used to pay for a lunar satellite launch with SpaceX, Musk’s commercial rocket firm.
KUALA LUMPUR Ltd and $1.03 billion from a Swiss-based Coutts unit, and interest payments from all of them, according to the lawsuit.
The Department of Justice said in October that Goldman had “participated in a sweeping international corruption scheme” so that it could reap hundreds of millions of dollars in fees “all to the detriment of the people of Malaysia and the reputation of American financial institutions operating abroad”.
“The IRS is going to view anyone’s digital asset holdings, whether it’s cryptocurrencies, NFTs etc., as property in the same way that they will view your stocks, or art, or wine,” explains Joel Revill, a former Wall Street banker now running Wyoming-based wealth management company Two Ocean.
The interest has in part come from the acceleration of Decentralized Finance To RetailWhy Micro Bitcoin Futures Are A Game Changer© 2021 Benzinga.com.
This aspect of blockchain, whose responsibility lies with the founders and developers of any particular project or network, is perhaps the greatest predictor of a particular chain’s success or failure.
The company said it’s building carbon neutrality into its existing Bitcoin and Ether funds and is also planning to seek regulatory approval for an ETF with the same features.“This is something that is, in my view, very important — it’s going to be with us for a long time — and so we need to figure out a way to ensure that Bitcoin can scale and reach its potential in a sustainable way,” Tapscott said by phone.Ninepoint’s Bitcoin ETF converted from a trust to a fund on May 6.
Dogecoin lost more than a third of its price on Sunday, after Tesla chief and cryptocurrency supporter Elon Musk called it a ‘hustle’ during his guest-host spot https://twitter.com/cryptoafricaedu/status/1391373668744372225?s=21 on the “Saturday Night Live” comedy sketch TV show.
are planning to offer stakes in subsidiaries.The pipeline of deals is a sign that state-controlled firms in Saudi Arabia are increasingly looking at ways to take advantage of soaring investor demand for new offerings while also raising money to help fund efforts to diversify the economy away from oil.Crown Prince Mohammed Bin Salman said last month in an interview on Saudi TV that the PIF “shouldn’t hold on to assets.”Saying “we should dispose of any mature asset,” he gave Elm as an example of a PIF-controlled firm that could sell shares in the future.Elm traces its roots to a research company established in the 1980s.
That last would seem to be a positive – except that, combined with the massive government stimulus injecting cash into the economy – higher wages are seen as a portent of inflation.
Cryptocurrency ethereum broke $4,000 for the first time on Monday, climbing to a new peak for a third day in a row on bets it may find new uses, although some analysts said it was overvalued at current levels.
are considering a stake sale in the Philippine delivery company amid interest from potential buyers, according to people familiar with the matter.LBC Express’ owners, which include the Araneta family and private equity firm Crescent Point, are in talks with investment banks to help find a buyer for as much as 40% of the business, the people said, asking not to be identified because the matter is private.
President Biden has proposed taxing capital gains like ordinary income for those with incomes over $1,000,000.