Despite the recent turbulence in the cryptocurrency market, Hedge fund Pantera Capital predicted a surge in bitcoin’s price in the coming weeks. Tax Day Could Propel Bitcoin’s Rally In its report, titled “The Next Mega-Trade,” Pantera Capital pointed out the various reasons why bitcoin (BTC) could resume its bull run soon. One of them being the approaching “Tax Day,” which is on April 18th, 2022. The company reminded that during the previous bull runs of 2013, 2017, 2020, and 2021, bitcoin’s price soared significantly 35 days prior to the event. However, the crypto only incurred losses around that time as investors were selling their holdings to cover their taxes. “That makes some sense. A lot of crypto traders are new to investing. You can imagine a person buying as much bitcoin as they can. Since they’re “all-in” on crypto, the only way to raise cash to pay their tax bill is to sell some crypto. Prices fall leading up to Tax Day,” the report noted. Crypto Could Emerge as a Separate Niche Subsequently, Pantera Capital also believes that crypto industry will emerge as a separate niche on its own, meaning, it will be cut off from traditional financial markets and start trading independently “And so we think over the next number of weeks, crypto is basically going to decouple from traditional markets and begin to trade on its own again,” the Pantera report read. In 2013, Pantera launched the first cryptocurrency fund in the U.S.The same year, the company also launched the first blockchain-only dedicated venture capital fund. Founded in 2003, the firm currently has $4.6 billion in assets under management and has been involved in 95 venture investments.

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Stablecoins have reached an all-time high in their valuation as the rest of the markets struggled.

The number of countries supporting Russia’s removal from the SWIFT payments system grew on Saturday, as the Ukraine invasion rages on. Focus now turns to whether Moscow will adopt digital assets to bypass crippling economic sanctions. Growing calls for Russia’s removal from SWIFT In a series of tweets, high-ranking Ukrainian officials said several countries, including

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The price of the seventh largest cryptocurrency (ADA) has exploded to an all-time high of $3 since December 2019 before commencing a decline, influenced by the wider cryptocurrency market. Cardano is presently selling at $0.88, down from $0.75 following Russian President Vladimir Putin’s announcement of a “special military operation” in Ukraine that appears to be …

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The price of Cardano (ADA) has risen as the weekend begins to buck the previous day’s trend. The altcoin has dropped significantly in recent days and is now trading at a critical support level. Beyond it, a breach of its two stable support levels might send the price crashing to $0.74. The ADA/USD currency pair …

LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Koppers Holdings Inc. (“Koppers” or the “Company”) (NYSE: KOP) investors concerning the Company’s possible violations of the federal securities laws. If you suffered a loss on your Koppers investments […]

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"Tax Day" and the consequences of the Fed's policies could boost bitcoin's price in the near future, Pantera Capital forecasted.

Citing low adoption, the nation's second-largest multiple listing service will no longer offer Remine Pro at no additional cost to its subscribers beginning April 1.

Cardano ($ADA) holders have kept on accumulating and taking advantage of price dips to now have their largest balance since December 2019, when the cryptocurrency was trading at about $0.03. Since December 2019, the price of the cryptocurrency has exploded to a $3 all-time high before entering a downtrend, affected by the wider cryptocurrency market. […]

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Read Time: 4 minutes MetaMask is arguably the most popular crypto wallet right now, and it’s easy to fathom why it’s common amongst cryptocurrency users. Here in this article, we will learn to add BSC to Metamask. Virtual machines, such as MetaMask, were created to make more secure and user-friendly Ethereum-based websites. It handles account management and linking the …

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Starting Friday, anyone going to Macau from Hong Kong will have to quarantine at the Treasure Hotel upon arrival.

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