The United Kingdome’s HM Revenue and Customs department disclosed on Monday that their officials have blocked and seized three different (NFT) Non-fungible Tokens and crypto’s worth of 5K Pounds Sterling’s in and under investigation scam case. Moreover, three people have also been taken into the custody of UK authorities in connection with the same scam.  

The world Famous Global Financial Investment Giant JP Morgan has recently anticipated that most probably the future price of the King of Cryptocurrencies Bitcoin has significant potential to hit the price range of $150k near time in the future. However, the Financial experts of JP Morgan clearly stated that the fair and balanced price of Bitcoin will likely remain around $38K - $40K. Moreover, they also added the biggest barrier that is not letting the King of Cryptos Bitcoin move forward is its unpredictable volatility and the boom and bust scenario that is preventing more financial institutions from its further adoption.

JPMorgan’s Bit coin Price Forcast

World-renowned Global Financial investment bank JPMorgan has recently unveiled its crypto currency and financial experts prediction about the long-term potential and expected hikes in the price range of Bitcoin along with the fair price value range of the world top Cryptocurrency Bitcoin.The team of financial experts and cryptocurrency strategists supervised by Nikolaos Panigirtzoglou mentioned in their recent research work on Tuesday that all eyes of his research and technical analysts are on the moves of Bitcoin and that is mostly viewed at $145k- $150k in the long term as it was anticipated last year as well.     

At this level, Bitcoin’s total market value would be on par with that of all gold held privately for investment purposes, they explained.

Right now the total market worth of Bitcoin will be the equivalent of the privately held Gold that most investors still hold for investment purposes.

However, the cryptocurrency experts and analysts did explain the fair price value of Bitcoin for the current year is $38K that was technically analysed last year as the previous year fair value of Bitcoin was anticipated around $35 K 

The team also stated that the current fair value of Bitcoin is roughly four times volatile as Gold. They further explained that if in case this volatility comes down to thee times then folks should expect the fair price value of BTC around $50 k level. 

The JPMorgan Financial Analyst & strategists said 

The biggest barrier that is not letting the King of Cryptos Bitcoin move forward is its unpredictable volatility and the boom and bust scenario that is preventing more financial institutions from its further adoption.  

The current market price of Bitcoin is at & 43,856 entirely based on the data taken by Bitcoin.com Market price. Moreover, the price of Bitcoin is almost 19% higher over the last seven days and nearly 5% up since the last 30 days. 
In addition to it, the Most recent client survey of JP Morgan indicates that a large number of holders are expecting the price level of Bitcoin this year would hit the $60 K range again.  

 

On the other side of the current picture, the CEO of JP Morgan Jamie Dimon constantly warns crypto lovers not to invest in cryptocurrencies as it has no intrinsic value in the financial market. He further added last October that 

Bitcoin seems worthless as the asset does not hold any intrinsic value and raises significant concerns and questions on its limited supply. 

What do you folks understand by the statements given by JP Morgan’s Financial and Cryptocurrency experts about Bitcoin price prediction? Do let us know about it in the comments section.  

Blockchain information company Chainalysis has published its 2021 Cryptocurrency Adoption Index, which positions 154 nations by crypto adoption. As indicated by the firm, worldwide crypto reception has developed by more than 2,300% since Q3 2019 and more than 881% somewhat recently. 

New Global Cryptocurrency Adoption Index 

On Wednesday, Chainalysis distributed a see of its 2021 Geography of Cryptocurrency report, which will be delivered in September. The report contains the "2021 Chainalysis Global Crypto Adoption Index," the organization's subsequent emphasis "to gauge grassroots cryptocurrency adoption all throughout the planet." 

The blockchain information examination firm clarified that its Global Crypto Adoption Index consists of three measurements. The first is "on-chain digital money esteem, weighted by buying influence equality (PPP) per capita." The second is "on-chain retail esteem moved, weighted by PPP per capita," and the third is "shared (P2P) trade exchange volume, weighted by PPP per capita and number of web clients." 

Chainalysis noticed that the greatest change to its new crypto adoption record approach from last year's list "was the disposal of a fourth measurement," which was the "Quantity of stores by country weighted by [the] number of web clients." The organization depicted: 

We rank each of the 154 nations as per every one of those three measurements, take the mathematical mean of every nation's positioning in every one of the three, and afterward standardize that last number on a size of 0 to 1 to give each country a score that decides the general rankings. The nearer the country's last score is to 1, the higher the position. 

As per the 2021 Global Crypto Adoption Index, Vietnam positions first, trailed by India, Pakistan, Ukraine, Kenya, Nigeria, Venezuela, and the U.S. 

The main 20 nations in Chainalysis' 2021 Global Crypto Adoption Index and their rankings in the part measurements that make up the general positioning. Source: Chainalysis. 

China and the U.S. plunged in the new by and large positioning. Last year, China positioned fourth by and large while the U.S. positioned 6th. This year, the U.S. positions eighth while China positions thirteenth. "The main motivation the two nations dropped is that their rankings in P2P exchange volume weighted for web utilizing populace declined drastically — China tumbled from 53rd in this part to 155th, while the U.S. tumbled from sixteenth to 109th," Chainalysis point by point. 

Cryptocurrency adoption has soared over the most recent year, and the variety in the nations adding to that show that digital currency is a really worldwide wonder … Global reception has developed by more than 2,300% since Q3 2019 and more than 881% somewhat recently. 

What's your opinion on Chainalysis' Crypto Adoption Index? Tell us in the remarks segment beneath.

A recently conducted survey exposes that ethereum is the most famous Cryptocurrency among more than 4,000 grown-ups studied in Singapore. The second-most famous crypto is bitcoin, trailed via Cardano. 

Singapore-Based Cryptocurrency Investors Prefer Ethereum, Bitcoin, Cardano 

The newly published report of  2021 discloses about the 

 Most favorite Cryptocurrencies of the people of Singapore, a joint report by Cryptocurrency exchanges and service providers like Seedly, Gemini, and well-known Coinmarketcap, was revealed on  Monday. It contains an overview of 4,348 Singapore-based grown-ups ages 18 to 65 across fluctuating family wages. 

A survey was conducted between June 29 and July 9. It included almost 2,800 participants who said they were current crypto holders and 1,490 respondents who said they were non-crypto holders. One out of five crypto holders reviewed were females.

As per the survey results, 77% of participants who held crypto said they invested in ethereum (ETH), 68% said bitcoin (BTC), 41% said they stored Cardano (ADA), 31% said (BNB), and 25% said XRP. The report reflects.

The report notes: "With ETH, BTC, and ADA being the most well-known digital currencies across the two sexes, females hold and exchange XRP and DOT [polkadot] more than their male partners. USDT [tether], then again, is more mainstream among male crypto holders." 

Cryptocurrency Investors additionally unhid how they were influenced by the Covid-19. The report notes, "Out of 2,862 individuals who put resources into crypto, 66% of them put more into crypto in light of the Covid-19 pandemic." The report also shows "The Covid-19  has made more Singaporeans to hold their financial investment into Cryptocurrencies." 

What's your opinion on this overview? Tell us in the remarks segment underneath.

Afek Zard, a Resident of Israel, has been sent to Jail for eight years for stealing a huge amount of digital Currency that had a place with a companion of his. The man, who would not help out the investigation, should pay a heavy fine also.

 

JPMorgan Welcomes To Cryptocurrency Based Funds Management Services

JPMorgan has given its Financial Advisory Management and Trading Consultants the go-ahead to give every one of its customers acceptance to 5 cryptocurrency assets, the Insider announced Thursday, referring to individuals straightforwardly acquainted with the matter. 

This move makes JPMorgan the main huge bank to grow crypto exchanging access past super affluent customers, the distribution passed on. 

In a notice conveyed recently, JPMorgan told its Financial Assets Management Consultants that by July 19, they can take requests to buy and sell five different digital currency products. Four of the digital currency products are from Grayscale Investments: Bitcoin Trust, Bitcoin Cash Trust, Ethereum Classic Trust, 

and Ethereum Trust. The fifth endorsed store is Osprey Funds' Bitcoin Trust. 

An individual straightforwardly acquainted with the move said that the new contribution applies to all JPMorgan customers looking for speculation guidance, including the bank's self-coordinated customers utilizing its bonus-free Chase exchanging application, mass rich customers whose resources are overseen by monetary consultants under JPMorgan Advisors, and ultrarich customers.

JPMorgan has made some amazing progress concerning cryptographic money. In 2017, CEO Jamie Dimon took steps to terminate workers who exchanged bitcoin. He said in May this year that his recommendation to individuals is to "stay away" from digital currencies, including bitcoin. Notwithstanding, he recognized that his customers need to put resources into this resource classification. 

As of late, Mary Callahan Erdoes, J.P. Morgan Asset and Wealth Management's CEO, said that large numbers of the bank's customers see crypto as a resource class and need to put resources into it. 

With this crypto move, JPMorgan joins a developing number of speculation banks that have offered or are wanting to bring to the table some sort of crypto ventures or administrations to customers, including Morgan Stanley, Goldman Sachs, and Citigroup.

What's your opinion about JPMorgan offering customers admittance to digital money reserves while Jamie Dimon prompted against putting resources into digital forms of money? Tell us in the remarks segment beneath.

Patrick Tommey, A Renowned US Senator Recently  Announced That He Has Invested  In The Gray Scale Trust Of Bitcoin And Ethereum. After A Short While Another US Senator  Barry Moor Also Exposed That He Has Also Invested In Doge, Ethereum, And Cardano.

What Is the Grayscale Bitcoin Trust? 

The Grayscale Bitcoin Trust is an advanced cash venture item that singular financial backers can purchase and sell in their own money market funds. On January 21, 2020, it's anything but an SEC announcing organization, enrolling its offers with the Commission, and assigning the Trust as the principal advanced cash venture vehicle to accomplish the situation with a revealing organization by the SEC. This will permit certify financial backers who bought shares in the Trust's private situation to have a previous liquidity opportunity, as the legal holding time of private position offers would be decreased from a year to a half year, as per SEC principles. 

More About the Grayscale Bitcoin Trust