Bermuda is one of the few countries in the world that has implemented a complete framework governing cryptocurrencies, according to a report by The Wall Street Journal published on June 3. Bermudan officials believe that their expertise in international commerce, which accounts for around 27% of the island’s GDP, together with a skilled local workforce, translate into a basis for the creation of a strong digital-assets sector on the island....

Speaking at the Bloomberg Crypto Summit, Novogratz said that Bitcoin (BTC) would undoubtedly reach $500,000 in the next five years or so, due to its unique features and adoption pace, eMoney Financial reported on July 19. Among these Bitcoin’s special features, he listed the fact that it was “tailor-made to being an anti-inflation store of value,” as well as being “easily transferable and so it’s better than gold in so many ways....

Bitcoin prices collapsed by 15% on Thursday and Friday last week as the asset fell from $19,500 to $16,500 and hopes of the bull market began to fade. Weekend momentum reversed the bearishness as the asset began to climb once again, reaching a high of $18,500 by Monday morning trading in Asia. A small correction for Bitcoin Analysts have observed that market corrections have historically been as much as 30% so there could be further to fall if last week’s action was the beginning of such a pullback....

Crypto asset markets are predominantly green during the Monday morning Asian trading session following a bullish weekend for Bitcoin and its brethren. Bitcoin breaks resistance Bitcoin had been consolidating in a range-bound channel for the best part of the past month but it finally managed to break out over the weekend spiking to a high of just under $11,500 on Saturday according to Tradingview.com. Unlike previous instances, there was no immediate dump as the asset held on to gains strengthening the bullish market sentiment....

Interestingly, commodity strategist at Bloomberg Intelligence Mike McGlone has suggested that Bitcoin has an ‘appreciation advantage’ signaling an imminent maturation stage, he said in a tweet on October 19. According to McGlone, the possibility of maturation stands out compared to products like crude oil, which attained the current price of $87 per barrel in 2017 before Bitcoin came into existence. As per the Bloomberg Intelligence analysis, the Bitcoin maturation stage is highlighted by the asset’s 2022 Q4 price movement....

Furthermore, given its recent upward momentum in the last 30 days, prominent crypto trading analyst Michaël van de Poppe highlighted a key resistance level for Bitcoin on April 8, which he suggests BTC will need to test if it wants to continue climbing north. The analyst pinpointed resistance at roughly $46,881, although just a day earlier, he noted Bitcoin couldn’t hold the level at $44,700 and started to drop south, which was expected after losing that recent low, “currently at an important breaker....

Through her Twitter account, Warren singled out Bitcoin, stating that the asset is concentrated among a few individuals, noting that holdings must be diversified for financial inclusion to be achieved. Warren’s comment was a reaction to an article by the Wall Street Journal stating that about 0.01% of Bitcoin holders control 27% of the currency in circulation. ​​In recent months, Warren has been pushing for regulation of the cryptocurrency sector across the United States to protect investors....

Indeed, Bitcoin’s at-the-money (ATM) implied volatility (IV) more than doubled during this week, soaring from 50% to 130% before consolidating at multi-month highs of about 90%, according to a chart published by blockchain analytics platform Kaiko on November 10. By definition, implied volatility is a value that increases in a bear market and decreases in a bull market and is often used to determine how volatile the asset might be in the future, which can be helpful in calculating the probability of the asset reaching a specific price in a certain timeframe....

Currently, Bitcoin is replicating the trading movement witnessed over the past year where the asset registered a surge in trading volume after a drop in value, data provided by cryptocurrency on-chain analysis platform Sentiment indicates. Moments of such trading volume drop have appeared attractive to the bulls amid reduced interest among retailers investors, pointing to a possible upward reversal. Although Bitcoin began the year under high volatility, the asset has managed to form a series of bearish and bullish price movements below the $40,000 mark resulting in the formation of a broadening falling wedge (or descending broadening wedge)....

Speaking to CNBC, Fang stated that Bitcoin could surpass the mark if the asset’s fundamentals stay in place without any network alterations. According to the executive, determining when Bitcoin will hit the record price is challenging, especially with the increased market volatility. She acknowledged that the Bitcoin price trajectory might face competition from other assets jostling for the sector’s capital. However, Fang suggested that the asset might encounter short-term volatility due to events around the leveraged products and derivatives....

Speaking with Kitco News anchor David Lin at the event, former Google engineer and current contributor at Serum JHL, discussed the utility of Bitcoin, on top of the best crypto assets for investing among other things. Discussing what can supplant Bitcoin as a store of value, JHL said that there are many other tokens or projects that have more utility than the flagship digital asset. Which led to the argument whether Bitcoin has no intrinsic value at all because it doesn’t do anything; with some arguing, it has no utility, so should it be priced at zero....

The Q4 2019 results did disappoint most investors and made the stocks slip to $314.88 on February 3. Though it eventually moved back to $349.95 on February 12, the stock seems to have taken yet another turn for the worse this week. In 2019, the company lost $636 million. This was the first time it posted an annual loss in the last two decades. The orders for commercial jets remained negative, and the company delivered only 380 jets....

The world’s largest planemaker missed revenue and earnings estimate for the fourth quarter by $60 million and $13.57 per share. Despite that, investors have moved their focus towards modification program and resumption of 737 Max operations. European regulators permitted Boeing to resume 737 Max flights across Europe after imposing a ban for almost two years. The US Federal Aviation Authority has cleared 737 Max to return in operations in November, and several US-based air passenger carriers have resumed 737 Max flights in December....

Since the cryptocurrency market enables those who reside outside of Brazil to transfer values to the nation in a rapid and secure manner, it is an appealing choice for investors in the Brazilian real estate market who are located anywhere around the globe, according to a report by Brazilian outlet livecoins on May 23. Despite the fact that Brazil’s Central Bank does not recognize cryptocurrencies as a form of payment, the mode of exchange has developed to the point where it is now widely used....

All the moves were made public in a 13F filing released on August 15 after the market closed. The filing showed that Berkshire was busy buying and increasing its stakes in Ally Financial (NYSE: ALLY), Occidental Petroleum (NYSE: OXY), Activision Blizzard (NASDAQ: ATVI), Markel (NYSE: MKL), and McKesson (NYSE: MCK) and exited stakes in Verizon (NYSE: VZ) and Royalty Pharma (NASDAQ: RPRX) during Q2. Buffett increased his stake in ALLY, the auto lender and online bank, to roughly 30 million from the 800,000 shares shown during the last filing....

The new law, which will take effect in 60 days, was passed after the state’s Fair Political Practices Commission approved the new requirement, the LA Times reported on July 21. According to the new law, candidates can receive crypto donations if they can convert the digital assets into fiat immediately. Focus on KYC The law stipulates that that candidate must work with a registered cryptocurrency processor to handle the transaction....

As the entire cryptocurrency market flashes green again after breaking through the $1 trillion market capitalization level again, crypto investors and traders are trying to estimate where BNB, the native token of Binance, one of the world’s largest crypto exchanges, will trade by the end of August. Using the website’s ‘Price Estimates’ feature, the community of voters at CoinMarketCap has made bullish predictions that the price of BNB on August 31, 2022, will stand at an average of $360....

As Cardano’s (ADA) price continues to fluctuate in line with the general cryptocurrency market sentiment, investors and traders are evaluating the Proof-of-Stake (PoS) asset to determine the best entry price. In particular, the community over at CoinMarketCap has estimated that the ADA token will trade at an average price of $0.7311 by August 31, 2022, using the ‘Price Estimate’ feature that allows users to speculate on the future price of digital assets....

Notably, in the first quarter of 2022, the largest Proof-of-Stake (PoS) asset added 453,121 wallets between January 1 when the number of wallets stood at 2,666,372, and March 31 3,193,445, according to the statistics from Cardano Blockchain Insights. Indicating that within this time Cardano added over 5,000 wallets daily to its network, resulting in a 19.76% rise in the total number of wallets in Q1 alone. It’s also worth mentioning that since the start of 2022 the ADA has increased the total number of wallets by over 500,000 as Cardano hit the 3 million wallet milestone earlier this year at the start of February....

As things currently stand, Cardano is trading at $0.3978, down 4.56% in the last 24 hours, and is down a further 7.94% across the previous week having reach lows last seen on the wick of May’s monthly red candle. In his technical analysis, cryptocurrency trader Livercoin cautioned against “catching a falling knife,” pointing out that ADA’s retracement to levels last seen in May presents a possible chance for long positions if Cardano can regain lost territory....