Author: Digicoinvision

TD Cowen has raised its price target for Strategy’s stock from $590 to $680 per share, citing the company’s deepening role as a Bitcoin proxy and forecasting a potential surge in BTC prices to $155,000 by December.  The research report from today sets a base-case target of $128,000 for Bitcoin by year-end, with a downside scenario of $55,000. However, the firm’s upside forecast of $155,000 for Bitcoin could significantly lift Strategy’s share price. The company is the world’s largest corporate holder of BTC, and its stock has historically tracked closely with Bitcoin’s performance.  Strategy purchased an additional 4,225 BTC today…

A South Korean court acquitted Jang Hyun-guk, the former CEO of blockchain gaming firm Wemade, of manipulating the WEMIX crypto token’s circulation.On Tuesday, local news outlet News1 reported that the Seoul Southern District Court ruled Jang did not intend to influence crypto market prices using deceptive means. This ruling cleared him of violating the country’s capital market laws, marking a significant legal win for Jang, who now works at blockchain gaming company Nexus. Prosecutors alleged that Jang had falsely announced a halt in liquidation for WEMIX tokens to stabilize prices and induce investor confidence in the asset. However, the court found no…

Multinational bank Standard Chartered has launched a new trading service allowing institutions and corporations to trade major cryptocurrencies.Standard Chartered is rolling out spot trading for Bitcoin (BTC) and Ether (ETH) through its UK branch, the company said in a statement shared with Cointelegraph on Tuesday.Following the spot trading launch, the bank plans to expand the offering soon with crypto non-deliverable forwards (NDFs), or two-party derivatives contracts.“Digital assets are a foundational element of the evolution in financial services. They’re integral to enabling new pathways for innovation, greater inclusion and growth across the industry,” Standard Chartered group chief executive Bill Winters said.Standard…

Update July 14, 2:15 p.m. UTC: This article has been updated to include a section on Circle’s IPO and the US regulatory landscape.Cryptocurrency-focused asset manager and exchange-traded fund (ETF) issuer Grayscale joined a growing list of crypto companies seeking to launch IPOs in the United States.On Monday, Grayscale said it had filed to list its company shares with the Securities and Exchange Commission (SEC) under a new clause that enables confidential filings ahead of a final public offering.Entering public markets would enable Grayscale to seek more funding opportunities through strategies such as public stock offerings, which was leveraged by Michael…

Following the recent passage of legislation to regulate virtual assets, including cryptocurrency, Nauru’s government has appointed Australian banking and financial markets executive Brian Phelps as the inaugural CEO of the Command Ridge Virtual Asset Authority (CRVAA). President David Adeang highlighted Phelps’ extensive experience in the industry, emphasizing that his leadership will establish a foundation of […]

Join Our Telegram channel to stay up to date on breaking news coverage Ethereum (ETH), Solana (SOL) and Dogecoin (DOGE) took the heaviest hits after Israel’s air strikes on Iran’s nuclear and ballistic missile sites rattled markets. The crypto market slumped 4% overall after Israel’s attacks prompted Iran to launch drone strikes in retaliation. Supreme Leader Ayatollah Ali said Israel would ”pay a very heavy price.” Prime Minister Netanyahu:”Moments ago, Israel launched Operation Rising Lion, a targeted military operation to roll back the Iranian threat to Israel’s very survival. This operation will continue for as many days as it takes…

DDC Enterprise and Animoca Brands have signed a $100 million strategic partnership aimed at maximizing bitcoin yields and treasury strategies. This collaboration represents a significant step in the adoption of digital assets by public companies. Animoca Brands and DDC Forge Strategic Bitcoin Treasury Partnership DDC Enterprise Limited (NYSE: DDC) has entered into a non-binding memorandum […]

The EcoDev Research Team at the Ethereum Foundation is excited to announce the launch of five six-month research fellowship positions. This fellowship offers the opportunity for participants to dive deep into underexplored Ethereum use cases, identifying blockers and enablers that may affect their development. We invite researchers, developers, community members, and professionals from other industries to apply by submitting their background information and a one-page research proposal. We are looking for innovative ideas focused on nascent Ethereum use cases that: Materially and uniquely benefit from Ethereum’s capabilities.Focus on use cases that create positive sum outcomes and real-world benefits.Have yet to…

Key Takeaways The altcoin market has performed relatively well against Bitcoin since 27 June, but it was not remotely close to the altcoin season we saw in the previous two cycles. The altcoin market cap and Bitcoin Dominance charts gave vital clues for when such an altseason might arrive. The much-anticipated altcoin season is not yet here. On the contrary, Bitcoin [BTC] has continued to make new all-time highs lately. It would need to enter a consolidation phase to allow capital to rotate into altcoins, which can then allow the altcoin market to catch up. The recent rally past $122k…

Bitcoin price predictions are coming thick and fast after Monday’s all-time high, and one analyst is tipping Bitcoin to reach $135,000 before a significant market correction.Before this breakout, there were almost two months of consolidation, which now feels like “ancient history,” Fairlead Strategies founder and managing partner Katie Stockton told CNBC on Monday.She said that the firm creates “measured move projections” from the breakouts and assuming the previous uptrend continues ahead of any corrective phase:“That puts Bitcoin at around $135,000 as an intermediate-term objective.”Stockton said stocks that track Bitcoin (BTC) markets, such as Coinbase or Strategy, are also likely to…