Day: May 25, 2022

‘Extreme fear’ grips Bitcoin price, but analysts point to signs of a potential reversal

The cryptocurrency market settled into a holding pattern on May 25 after traders opted to sit on the sidelines ahead of the midday Federal Open Market Committee (FOMC) meeting where the Federal Reserve signaled that it intends to continue on its path of raising interest rates. According to data from Alternative.me, the Fear and Greed …

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A New Terra Network Is Coming With Support From Major Exchanges, LUNA and UST Holders Eligible for Airdropped Tokens – Bitcoin News

According to a recent announcement from the Terra blockchain team, the community voted and passed a proposal that plans to launch a new genesis version of the Terra blockchain without an algorithmic stablecoin. The governance proposal called “Terra Ecosystem Revival Plan 2” has been amended and the final release of the new Terra Core codebase …

A New Terra Network Is Coming With Support From Major Exchanges, LUNA and UST Holders Eligible for Airdropped Tokens – Bitcoin News Read More »

Polkadot parachains spike after the launch of a $250M aUSD stablecoin fund

Crypto prices have been exploring new lows for weeks and currently it’s unclear what it will take to reverse the trend. Despite the downtrend, cryptocurrencies within the Polkadot ecosystem began to rally on May 24 and have managed to maintain gains ranging from 10% to 25%, a possible sign that certain sub-sectors of the market …

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Billionaire Investor Bill Ackman Says Unless the Fed Aggressively Hikes Rates, Stock Market Could Crash, ‘Catalyzing an Economic Collapse’ – Economics Bitcoin News

Billionaire hedge fund manager and founder of Pershing Square Capital Management, Bill Ackman, believes “inflation is out of control.” The investor thinks that if the Federal Reserve “doesn’t do its job” by applying “aggressive monetary tightening,” the U.S. economy could collapse. Pershing Square Founder Bill Ackman Thinks ‘Inflation Is out of Control’ While the headlines …

Billionaire Investor Bill Ackman Says Unless the Fed Aggressively Hikes Rates, Stock Market Could Crash, ‘Catalyzing an Economic Collapse’ – Economics Bitcoin News Read More »

JPMorgan places BTC fair price at $38k, declares crypto a preferred alternative asset

JPMorgan has placed Bitcoin’s (BTC) fair price at $38,000, which is 28% higher than its current level of around $29,500, according to a note to clients the bank issued Wednesday. “The past month’s crypto market correction looks more like capitulation relative to last January/February and going forward we see upside for bitcoin and crypto markets …

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Fed saw aggressive hikes providing flexibility later this year

Most Federal Reserve officials agreed at their gathering this month that the central bank needed to tighten in half-point steps over the next couple of meetings, continuing an aggressive set of moves that would leave policy makers with flexibility to shift gears later if needed. “Most participants judged that 50 basis-point increases in the target …

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Crypto Market Turning Point — Most Cryptocurrencies Down 57% to Over 80% From Price Highs – Market Updates Bitcoin News

Roughly six months ago, bitcoin and a number of digital assets reached all-time highs and the crypto economy crested above $3 trillion in value. Today is a different story as a great majority of cryptocurrencies are down between 57% to over 80% against the U.S. dollar. While Cryptos Are Down From the ATHs, 2020 Holders …

Crypto Market Turning Point — Most Cryptocurrencies Down 57% to Over 80% From Price Highs – Market Updates Bitcoin News Read More »

Apollo Hospitals Q4 Results: Net profit drops 46% on one-time provisioning

Apollo Hospitals on Wednesday reported a 46% year-on-year (YoY) decline in net profit to Rs 90 crore in Q4FY22 due to provision for capital gains tax of Rs 88.2 crore relating to the reorganisation of its pharmacy distribution business. As part of the restructuring, the Apollo Pharmacy distribution business was re-organized into a 100% subsidiary …

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Tax guidelines for crypto mining pass the first reading in Kazakhstan

Kazakhstan, one of the global leaders in crypto mining with a recent history of hostile measures against the industry, is taking a step toward a comprehensive fiscal framework for mining operators.  On Thursday, May 25, the lower chamber of Kazakh parliament, Mejlis, passed in the first reading the amendments to the national tax code, regulating …

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Trade Setup: Focus on relatively stronger pockets; cautious and stock-specific approach advised

On a listless day of trade with a bearish undertone, the Indian equity markets ended on a negative note after opening with gains. The Nifty opened on a positive note on the expected lines. However, it marked its intraday high point in the early minutes of the trade. The index gradually slipped into the negative …

Trade Setup: Focus on relatively stronger pockets; cautious and stock-specific approach advised Read More »

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