Cryptocurrency Bull Tom Lee says Bitcoin’s Fair Market Price is $14,800

Cryptocurrency Bull Tom Lee says Bitcoin’s Fair Market Price is $14,800.   Bitcoin’s dismal price of roughly $3,400 is wrong because its actual fair market value is $13,800 to $14,800, says bitcoin bull Tom Lee. The Fundstrat founder said he made the assessment by considering the number of active wallet addresses, usage per account, and supply metrics. Fair value is significantly higher than the current price of Bitcoin,” he wrote in a note, as reported by Bloomberg. “In fact, working backwards, to solve for the current price of Bitcoin, this…

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Japanese Regulator Aims to Reduce Crypto Tax to Revitalize the Market

Japanese Regulator Aims to Reduce Crypto Tax to Revitalize the Market In October, the government of Japan hinted its plans to ease the process of taxing crypto investments to refrain impractical taxation frameworks from negatively affecting the local market. At the time, a committee of tax experts that is tasked to advise the government on taxation matters encouraged the authorities to simplify the complex process of disclosing taxable amounts that occur in investing in the crypto market. Prior to that, a local analyst said: “If the rapid growth of the cryptocurrency sector in late 2017…

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Despite Crypto Market Downfall, World’s Largest Financial Institutions are Still Investing in Crypto

Despite Crypto Market Downfall, World’s Largest Financial Institutions are Still Investing in Crypto Sequoia, Baidu, Nasdaq, and Fidelity are amongst some of the largest VCs, technology conglomerates, and financial institutions to make big bets on crypto in the past week, both digital asset-related businesses and blockchain protocols are raising tens of millions of dollars from high profile institutions. Crypto Interest in not Dead yet On December 4, Nasdaq, the world’s second-largest stock market operator in the world, and Fidelity, the fourth largest asset manager in the global market, invested in…

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Chinese Investors are Loosing Faith in Blockchain as Crypto Market Losses Exceed $706 Billion.

Chinese Investors are Losing Faith in Blockchain as Crypto Market Losses Exceed $706 Billion. The global cryptocurrency market has already seen more than $706 billion of its total market capitalization evaporate since hitting a peak in early January, according to research losses appear to be triggering a shakeout in the wider blockchain community in China. Many startups there are finding it increasingly difficult to gain access to capital as investors grow skeptical of the fundamental claims around digital currencies and the blockchain technology that underpins them. With visions of a…

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Soon Bitcoin will regain its Dominance in the Cryptocurrency Markets, Says Crypto Experts.

Soon Bitcoin will regain its Dominance in the Cryptocurrency Markets, Says Crypto Experts. Bitcoin, the “peoples” currency, is expected to regain its market dominance in the cryptocurrency markets by the end of 2019. In terms of market capitalization, that is. That’s according to a recently published A.T. Kearney report. “By the end of 2019, Bitcoin will reclaim nearly two-thirds of the crypto-market capitalization as altcoins lose their luster because of growing risk aversion among cryptocurrency investors,’ says the report. “More broadly financial regulators will soften their stance towards the sector.”…

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This Is How Top 5 Crypto Currencies Performing Past Week

This Is How Top Crypto Currencies Performing Past Week Following are the charts for the top cryptocurrencies performance in the past month, which is not been a good experience for all the crypto fans out there. BTC/USD Bitcoin (BTC) had its worst November since 2011, as the price fell 37 percent. Such a massive fall in a period of a month shows signs of distress selling by the bulls. Bottoms are generally formed during such periods of capitulation. Will the leading digital currency stage a comeback or sink further? Let’s…

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After Bitcoins downfall, Crypto Mining is no longer Profitable for many Miners.

After Bitcoins downfall, Crypto Mining is no longer Profitable for many Miners. After Bitcoin prices fall, nearly 30% in the past week and hit a 13 month low of about US$ 4,500 according to data the total market value of cryptocurrency have slumped to the US $148 billion, which is less than one-fifth of its during the market’s peak in January. A clash among supporters of Bitcoin cash, the most successful Bitcoin offshoot, was largely blamed for the market meltdown. The world’s fourth largest cryptocurrency split into two distinct entities…

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What is going on with Crypto?

What is going on with Crypto? It all started 4 days ago when Crypto market started to fall, yet after a couple of days, there is no recovery in Crypto market. Now the market Crashing harder that it was 4 days ago. Bitcoin, which hasn’t fallen past $6,000 for months, has dumped to $4,413.99 as of this morning. Not just bitcoin its nearly everything else falling in unison. Ethereum was flying high at $700 a few months ago, now it’s at $140. The following chart shows how far the things…

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A Change of heart for Warren Buffett on Crypto Investments? Invested $600 million in two Fintech Firms.

A Change of heart for Warren Buffett on Crypto Investments? Invested $600 million in two Fintech Firms. For years now, Warren Buffett has been talking against cryptocurrencies, and Bitcoin especially, claiming that this technology is nothing more than a bubble and a scam. However, recent reports indicate that he may have had a change of heart. Mr. Buffett, who continuously rejected cryptocurrency and fintech, seems to have decided to invest as much as $600 million into two large fintech firms. Each company is set to receive a $300 million investment…

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New Zealand Gov’t-Backed Institute Issues Grant to Crypto Wallet and Trading Service

New Zealand Gov’t-Backed Institute Issues Grant to Crypto Wallet and Trading Service New Zealand’s state-backed innovation institute Callaghan Innovation awarded a $330,000 grant to a local crypto wallet and trading service, according to a press release published Tuesday, Oct. 30. Callaghan Innovation issued an “R&D Project Grant” to a local crypto wallet and trading platform Vimba, a rebranded version of former MyCryptoSaver. Following the grant, the crypto startup is reportedly set to expand its offerings, as well as to list more cryptocurrencies and enable multi-signature crypto wallets. R&D Project Grants…

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