Archives - Page 39

J.P. Morgan argues that Bitcoin is undervalued compared to Gold on a risk-adjusted basis and estimates a fair price of about $170,000 for the cryptocurrency within 6-12 months.

Bernstein analysts say platforms like Polymarket and Kalshi are rapidly transitioning from niche experiments into legitimate financial products attracting institutional and Wall Street interest.

Molecular-diagnostics startup BillionToOne raised $273 million in an oversubscribed IPO, with shares jumping 67% at debut and valuing the company at around $4.4 billion.

Duolingo shares fell 27% after issuing weaker guidance for the fourth quarter, as the company prioritizes user growth and long-term initiatives over short-term monetization.

The Central Bank of Ireland imposed a €21.5-million penalty on Coinbase Europe after discovering that more than 30 million transactions were inadequately monitored from April 2021 to March 2023.

Crypto wallet maker Tangem has rolled out the Tangem Pay virtual Visa card, enabling users to spend USDC stablecoin from their hardware wallet at millions of merchants worldwide while undergoing standard KYC.

United Airlines has introduced the MileagePlus Debit Rewards Card, enabling members to earn miles on everyday spending and savings balances – no credit check required.

China has secured its first foreign partner under its gold-custody scheme, with Cambodia agreeing to store reserves in China as Beijing expands its role in global bullion markets.

Crypto exchange Gemini is seeking U.S. derivatives approval to launch ‘Gemini Titan’, a prediction-market platform that would allow trading on outcomes ranging from sports and elections to economic data.

Bitcoin fell below the $100,000 level amid rising liquidation pressure and ETF outflows, as analysts flag a potential descent toward $90,000 or lower.