Fundstrat’s Tom Lee: Fair Value of BTC to Reach $150K Per Coin and Other News

Top five stories from the last week


Don't Miss The Top Five Stories From The Last Week Fundstrat's Tom Lee Says Fair Value of Bitcoin to Reach $150K Per Coin What happened? Co-founder of Fundstrat Global Advisors, Thomas Lee, said that the "fair value of Bitcoin is significantly higher than the current price." What else? Lee added: "In fact, working backwards, to solve for the current price of Bitcoin, this implies crypto wallets should fall to 17 million from 50 million currently."   Read more here   'We're at Home in Crypto Winter': Winklevoss Twins Launch Crypto Trading App What is this all about? Cryptocurrency trading platform Gemini founders, Tyler and Cameron Winklevoss, have launched a mobile crypto trading app together with a new investment vehicle. How is it going in regards to the crypto market slump? Tyler stating "we're totally at home in winter," and his twin Cameron adding that "it gives us time to build internally, and refine and kind of catch our breath." Read more here US SEC Chairman Speaks Positively of Initial Coin Offerings as Capital Raising Tool What did he say? The chairman of the United States SEC, Jay Clayton, said this week that ICOs "can be effective" instruments for raising capital. What did he base this on? Clayton noted that there are a "number of concerns" related to ICOs, but that they can be "effective" ways to raise capital, provided that securities laws are followed. Read more here CEO of Defunct Mt. Gox Exchanges Faces Ten Year Jail Sentence Over Embezzlement What is this all about? Mark Karpeles, the former CEO of now-defunct Japanese Bitcoin exchange Mt. Gox, could be facing a ten-year jail sentence over charges of embezzlement. What are the charges? Prosecutors in a Tokyo court this week have claimed that Karpeles had stolen around $3 million worth of funds from the exchange, in a case not connected to the hack. Details here        Opera Releases 'Web 3-Ready' Android Browser With ETH What is this all about? Opera has launched its "Web 3-ready" browser for Android, with crypto wallet integration, support for Ethereum and interactions with DApps. What is this for? Charles Hamel, product manager of Opera Crypto, has outlined that the new product aims to remove the "friction" involved in "using cryptocurrencies online and accessing Web 3 via special apps or extensions," in a bid to make the emerging technology more "mainstream." Read more here Prefer video instead of text? Check out our latest Hodler's Digest Want to change how you receive these emails? You can update your preferences or unsubscribe from this list. COINTELEGRAPH LIMITED · Shelton Street, Covent Garden · London