Bitcoin News and Finance: What You Need to Know

Reports indicate that the world’s largest cryptocurrency exchange by trade volume, Binance, has announced the crypto company has committed to investing $200 million into the American business magazine Forbes. The digital currency company Binance confirmed the $200 million stake into Forbes on the social media platform Twitter. Binance Pledges $200 Million to Forbes Binance has made a $200 million investment into Forbes, the U.S.-based business magazine and digital publisher owned by the Forbes family and Integrated Whale Media Investments. A report published by CNBC, and shared by Binance on Twitter, explains that the investment “is the first step into a marketplace that has really high potential when it comes to adoption of Web 3.0 based tools” Forbes has plans to go public via a special purpose acquisition company (SPAC) deal with Magnum Opus. “Binance’s strategic investment will be through Binance’s assumption of subscription agreements representing $200 million of commitments...

PRESS RELEASE. For many pet owners, owning a pet is akin to having a child. They consider the pets as family members, and these family members deserve to be entertained and pampered. Global Pets World Holdings, a wholly owned subsidiary of WisdomCome Group, in collaboration with Ammbr Group, will be launching the world’s first global pets theme park welcoming pets of all descriptions, along with their owners and other pet lovers. The concept is a novel yet classic theme park and membership club concept that leverages Distributed Ledger Technology to scale customer engagement, raise funding, and operate club memberships, rewards, access control and internal club payments. With over 50% of global households owning pets, and the market valued at over US $220 Billion, the Global Pets World will provide a safe, welcoming, and entertaining experience for both pet owners and pets, while offering variety of services to make them enjoy and enhance their lives together, unraveling great oppor...

Global regulators are “going full steam” on cryptocurrency regulation. “The current structure is no longer fit for the purpose with the development of cross-border digital market activities,” said the chairman of France’s markets watchdog AMF. Global Regulators Going Full Steam on Cryptocurrency Regulation Robert Ophèle, chairman of France’s markets watchdog, the Autorité des marchés financiers (AMF), and a member of the Financial Stability Board (FSB), reportedly discussed global cryptocurrency regulation Wednesday at a virtual conference held by Afore Consulting. The FSB is an international body that monitors and makes recommendations about the global financial system. Ophèle is also the second deputy governor of the Bank of France, the French central bank. Ophèle explained that regulators worldwide are following the same “universal basic principle,” adding: I do expect that for some of them, we do have international regulatory convergence … primarily stablecoins and digital a...

A panel of fintech specialists has predicted that the price of ethereum will reach $6,500 by year-end. It will then rise to $10,810 by 2025 before more than doubling to $26,338 by 2030. Fintech Specialists Share Ether Forecasts Price comparison portal Finder updated its price predictions for ether ( ETH ) Tuesday. The company detailed: Ethereum ( ETH ) will jump to US$6,500 by the end of 2022, according to Finder.com’s panel of fintech specialists. In addition, “Ethereum is expected to hit $10,810 by 2025 before more than doubling to $26,338 by 2030, according to the average of the panel’s forecasts.” The company explained that the panel of 33 fintech specialists was surveyed from Jan. 6 to Jan. 17 this year, adding that of the 33 panel members, 26 gave their ETH price predictions. The fintech specialists are more bearish in their ETH price predictions than they were in October last year. At that time, the panel predicted that the price of ether would hit $5,144 per coin a...

Global investment bank JPMorgan has predicted that the long-term price of bitcoin will reach $150K while the fair value of the cryptocurrency sits at $38K. “The biggest challenge for bitcoin going forward is its volatility and the boom and bust cycles that hinder further institutional adoption,” JPMorgan’s analysts explained. JPMorgan’s Bitcoin Price Prediction Global investment bank JPMorgan has revealed its prediction for the long-term price of bitcoin as well as the cryptocurrency’s fair value. JPMorgan Chase & Co.’s strategists, led by Nikolaos Panigirtzoglou, wrote in a research note published Tuesday that their long-term theoretical target for bitcoin is $150K, up from $146K predicted last year . At this level, bitcoin’s total market value would be on par with that of all gold held privately for investment purposes, they explained. The analysts clarified that bitcoin’s “fair value” is around $38K, up from $35K estimated last year . They calculated the coin’s fair value...