Tag: Cryptocurrency

BusinessStartupsTechnology

JPMorgan Bullish on Coinbase with 25% Upside Forecast, Citing Base Token and USDC Initiatives

JPMorgan has upgraded Coinbase to overweight with a $404 price target, projecting 25% additional upside. Analysts point to potential Base token launch and USDC yield initiatives as major growth drivers for the cryptocurrency exchange.

JPMorgan Upgrades Coinbase Rating

JPMorgan Chase has reportedly shifted its stance on Coinbase Global Inc., upgrading the cryptocurrency exchange from neutral to overweight according to recent analysis. Sources indicate the bank has also raised its price target from $342 to $404 per share, suggesting approximately 25% potential upside from current levels.

by Desai Priyanka
BusinessCybersecurityTechnology

US Seizes $14 Billion in Bitcoin from Southeast Asian Cybercrime Syndicate

In a historic enforcement action, US agencies have confiscated over $14 billion in bitcoin from a major Southeast Asian cybercrime organization. The seizure represents one of the largest cryptocurrency recoveries in history and demonstrates law enforcement’s growing capability to trace illicit digital assets.

Record-Breaking Cryptocurrency Seizure

US authorities have executed what analysts suggest is one of the largest cryptocurrency seizures in history, confiscating 127,271 bitcoin valued at over $14 billion from a sophisticated Southeast Asian cybercrime network. According to reports from the Department of Justice, the digital assets were stored in 25 unhosted wallets controlled by Chen Zhi, founder and chairman of the Prince Holding Group, who now faces charges of conspiracy to commit wire fraud and money laundering.

by Alvarez Jordan