Crypto News
Bitcoin Critic Peter Schiff Urges US to Sell Seized BTC
The proceeds would reduce the budget deficit and "put an end to all the nonsense about creating a harmful 'Strategic' Bitcoin Reserve," he said.Source link
Bitcoin Miners Cipher, CleanSpark and MARA’s Upgraded at JPMorgan
Wall Street giant JPMorgan (JPM) turned more bullish on some bitcoin (BTC) mining stocks in its coverage following third quarter results and recent gains in bitcoin price and the network hashrate, the bank said in a report on Tuesday.The bank upgraded Cipher Mining (CIFR) and CleanSpark (CLSK) to overweight from neutral. JPMorgan also introduced a new price $8 price target for Cipher, and raised its CleanSpark price target to $17 from $10.50.MARA Holdings (MARA) was also upgraded to neutral from underweight and raised its price target on the stock to $23 from $12.The U.S. bank downgraded IREN (IREN) to neutral from overweight while increasing its price target on the shares to $15 from $9.50. It raised its Riot Platforms (RIOT)...
Ripple CEO Blasts 60 Minutes Interview Edit: Some Things Were Left Out
Brad Garlinghosue, CEO of Ripple, a crypto and payment services company, blasted an interview given to 60 Minutes about XRP and the utility of cryptocurrency. Garlinghouse stated that some things were left out and that the program was wrong in presenting crypto as a solution in search of a problem. Ripple CEO Brad Garlinghouse CriticizesSource link
Bitcoin Buy and Sell App Relai Raises $12M for Europe Expansion
Relai, a bitcoin (BTC) buy, sell and self-custody application, has raised $12 million Series A funding.The Switzerland-based company's Series A was led by Ego Death Capital, a bitcoin only VC, which committed $4 million to the raise. Other participants included Plan B Bitcoin Fund, Timechain, and Solit Group.Following the maxim of “not your keys, not your coins,” trusted self-custody has proved popular in Switzerland, even among newcomers to crypto, according to Relai, which has had over 400,000 downloads.The plan is to use the new funding to expand further into Europe and become licensed under the new Markets in Crypto Assets regime (MICA), Relai said in a press release."Despite the tough market conditions, our financing round was heavily oversubscribed. This fresh...
Altcoins XRP, Tron and Cardano Cool Off as Market Reacts to Bitcoin Plunge
“Historically, these dips have been followed by swift recoveries as fresh capital flows back into oversold assets," a CoinSwitch analyst told Decrypt.Source link