Onchain analyst claims that Crypto.com's loss in the latest security breach might have been worth more than the reported $15 million.Pseudonymous ErgoBTC, an on-chain analyst at Bitcoin (BTC) research firm OXT Research, claims that the Crypto.com security breach that was said to have resulted in the loss of 4.6K ETH ($15 million), may be worth up to $33 million.Adding another … [Read more...] about Crypto.com breach may be worth up to $33M, suggests onchain analyst
Analyst
Bitcoin’s Slump Is Good for Crypto Miners Long-Term, Jefferies Analyst Says
When bitcoin prices continue to drop, smaller miners with higher electricity costs often reduce their operations, which will probably help publicly listed North American miners pick up “meaningful” market share, analyst Jonathan Petersen said in a note. Source link … [Read more...] about Bitcoin’s Slump Is Good for Crypto Miners Long-Term, Jefferies Analyst Says
Bitcoin Miner Iris Energy Has More Than 100% Upside, JPMorgan Analyst Says
The shares of Iris Energy (IREN), a Sydney-based company that mines bitcoin primarily with renewable energy, has the potential to rise more than 100% in the next 12 months, JPMorgan analysts led by Reginald Smith wrote.Iris Energy is “a cheap way to play the digital gold rush,” said JPMorgan’s analysts, citing a “deep discount” for its shares versus other crypto miners.“We … [Read more...] about Bitcoin Miner Iris Energy Has More Than 100% Upside, JPMorgan Analyst Says
Analyst says Bitcoin is ‘on sale’ after BTC price dips below $54,000
Bitcoin's (BTC) downtrend extended a few rungs lower on Dec. 3 after the price dropped under $54,000 and traders will note that the BTC/USD daily chart shows a notable uptick in sell volume. Crypto Fear & Greed Index. Source: AlternativeInvestors seem concerned at the emergence of a new Covid-19 variant and hawkish comments from the Federal Reserve. Meanwhile, veteran … [Read more...] about Analyst says Bitcoin is ‘on sale’ after BTC price dips below $54,000
Crypto Miner Sell-Off ‘Too Much Too Fast,’ Says DA Davidson Analyst
The recent sell-off in the shares of cryptocurrency miners have created buying opportunities across the group, Christopher Brendler, an analyst at Wall Street investment banking firm DA Davidson, wrote in a research note dated Nov. 29.Mining stocks have tumbled in recent weeks after a rally in October, and are logging a strong start to November. The recent drop corresponds with … [Read more...] about Crypto Miner Sell-Off ‘Too Much Too Fast,’ Says DA Davidson Analyst