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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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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New Crypto Exchange Will Be ‘100 Percent Owned By Users

New Crypto Exchange Will Be ‘100 Percent Owned By Users A hybrid community-owned digital asset exchange is hoping to simplify trades and investments while driving down the cost of transactions. DAREX’s hybrid model enables users to trade utilities and securities – and the revenue generated from these transactions is subsequently shared with token holders. In time, the exchange hopes to become a “truly beneficial and democratic exchange platform for all.” The startup is set to be “the first exchange of its kind” thanks to how it blends the benefits of…

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Binance Invested $3 Million in a US Crypto Trading Desk

Binance Invested $3 Million in a US Crypto Trading Desk Binance Labs revealed in a press release that it had made a $3 million investment into Koi Trading, a small sum for the world’s largest cryptocurrency exchange, but a notable one nonetheless. Koi Trading is an OTC trading operation headquartered in San Francisco, CA. They aim to be a compliant global option for private cryptocurrency liquidity. Koi also offers assistance with data science, quantitative research, and compliance consulting work. “Ella Zhang” head of Binance Labs said in a comment said:…

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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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Canadian Bitcoin Exchange ‘Hacked or its a Scam? Says all funds are gone

Canadian Bitcoin Exchange ‘Hacked or its a Scam? Says all funds are gone A small Bitcoin exchange based in Alberta, Canada, has gone offline. Before their Twitter page went offline, MapleChange had announced on Twitter that they “[had] no more funds to pay anyone back.” In the way of an explanation, the exchange had, approximately one hour before deleting its Twitter page, said that a “bug” had enabled “some people” to withdraw all of the funds on the exchange. Educated readers may recall a time when Mt. Gox claimed similar…

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Russian Draft Bill Lacks Core Crypto Terms After Recent Edits

Russian Draft Bill Lacks Core Crypto Terms After Recent Edits Russian deputies have removed the definition of crypto mining from a draft bill on digital currency regulation ahead of its next reading in the State Duma, major local news agency Interfax reports Oct. 19. Consequently, the new law will not clarify tax issues for miners. The chairman of the Duma Committee on Financial Markets Anatoly Aksakov briefly explained the reason behind the deputies’ decision to eliminate a core crypto term from the bill: “Earlier we had some thoughts on Bitcoins,…

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2017-2018 North korean hackers group ‘Lazarus’ has Stolen $882 million worth coins from Crypto exchanges

2017-2018 North korean hackers group ‘Lazarus’ has Stolen $882 million worth coins from Crypto exchanges Blockchain Technology is considered to be much secure and faster than Banking, it has all sorts of security applications such as complexed algorithms, decentralised storage, record keeping and peer to peer sharing despite all these, crypto exchanges are still getting attacked via hacker groups. It seems like cryptocurrency exchanges are vulnerable to cyber attacks and hackers are taking advantages of it. When it comes to hackers crew, no hacker crew has been quite as successful…

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Crypto-To-Crypto Trading Service to 20 US States

Crypto-To-Crypto Trading Service to 20 US States The expansion comes as OKCoin enhances its regulatory status after it already filed for a money transmittal licenses (MTL). Cryptocurrency exchange OKCoin said on Friday that it has expanded its trading operations to 20 new states in the US and now offers transactions between a number of major digital currencies. The expansion comes as OKCoin enhances its regulatory status after it already filed for a money transmittal license (MTL) that allows the venue to offer both crypto-to-crypto and fiat-to-crypto trading pairs. OKCoin has…

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Bithumbs, Korea’s 2nd largest Crypto Exchange sees 250$ Million of Fake Volume Trade Everyday

Bithumbs, Korea’s 2nd largest Crypto Exchange sees 250$ Million of Fake Volume Trade Everyday Over the past week, as the crypto market began its slow move upwards, volume saw a resurgence, with the daily volume posted by exchanges rising from an average of $10 billion to $12 billion. Although some investors saw the rising volume as an evident sign of the return of retail interest, some pundits claimed that it may not be cut and dried. It goes without saying that markets can often be erratic on a day-to-day basis,…

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