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“Bitcoin Is 60% Below Stock-To-Flow Model Value”- PlanB

Stock-to-flow (S2F) model created by analyst PlanB had helped crypto investors make a more structured decision when betting on cryptocurrencies, considering the volatility in the crypto space. The model has historically correlated with the Bitcoin (BTC) price which makes it popular for predicting price based on its value in a period of time. With some people thinking the S2F is dead, PlanB announced in a tweet on Wednesday that BTC price is currently 60% below the stock-to-flow model. Also, as...

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Binance Labs leads seed round for Ultiverse to expand Metaverse offerings

Binance Labs, the venture capital arm and innovation incubator of Binance, is pleased to announce it led the seed round for Ultiverse, to build a Web3 social gaming metaverse with BNB Chain together. The fund will be used to develop the product, attract top talent and further grow the community. Ultiverse is working on connecting web3 with a VR-compatible virtual world that will be home to the first AAA blockchain game. As a first-of-its-kind MetaFi, Ultiverse’s tokenomics encourages mutually beneficial...

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Here’s What Will Push Bitcoin To $1 Million, According to BitMex Founder –

Bitcoin is still in what some refer to as the ‘early innings’ meaning that the value of the digital asset is far from where they believe it will be in the future. This has birthed some rather optimistic predictions for the digital asset. The latest of these predictions has come from BitMex co-founder Arthur Hayes who sees the pioneer cryptocurrency reaching as high as $1 million.

What Will Drive This Growth?

There are currently a lot of socio-political pressures that...

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FTX CEO Criticizes Industry Stance on Russia Sanctions

Key Takeaways

FTX CEO Sam Bankman-Fried has criticized exchanges for making their Russian policies appear to be against regulation. Bankman-Fried says that he takes issue with the presentation of those policies, not the substance of those policies. He also said elsewhere that there are "a lot of processes in place" that restrict Russian oligarchs from using crypto.

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FTX CEO Sam Bankman-Fried has criticized the crypto industry for presenting its policies around Russian sanctions poorly.

SBF Says Messaging Has Been Unhelpful

In a statement...

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RUNE: A pullback before a resumption of rally seems imminent

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice RUNE has climbed past the $6.56 level and could retest the $6-$6.5 area in search of demand on a bullish run toward $10 in the days or weeks to come. The $5 level was broken in early March, and that move north initiated a short-term rally. However, RUNE bulls have shown the stamina to push higher and past $6.5, which...

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GameStop Plans NFT Marketplace for Q2 This Year

Key Takeaways

GameStop revealed its plan to launch its NFT marketplace by the end of Q2 this year. The company noted that it had hired dozens of employees working on Web3 gaming. The company has had plans for its own NFT marketplace for nearly a year now.

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GameStop has published its Q4 and fiscal year 2021 results. In the report, the game company notified the public of its intention to launch its NFT marketplace by the end of Q2.

GME...

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New report suggests RippleNet as an alternative to SWIFT for the Arab world

Ripple, the fintech firm runs its platform, RippleNet, which allows anyone to send and exchange cryptocurrencies or make cross-border transactions. This emerged as a direct competitor to the SWIFT (Society for Worldwide Interbank Financial Telecommunications) banking system.

Ripple versus SWIFT

Arab Regional Fintech Group report on Central Bank Digital Currencies on 18 March released a “Practical Guide” for Arab central banks looking to understand the nuances of the burgeoning digital assets market. Surprisingly, in the report, it mentioned RippleNet as a direct...

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