Despite growing fears over a potential cryptocurrency market downturn, major industry firms like FTX keep gaining momentum by securing hundreds of millions in fresh funding. FTX Trading, the owner and operator of Sam Bankman-Fried’s crypto exchange FTX, officially announced Monday that it closed a $400 million Series C funding round, bringing the firm to a $32 billion in valuation. The…
After two years of development, Litecoin (LTC) has finally launched its highly anticipated Mimblewimble upgrade, opening the door to more privacy-oriented transactions on the network. Mimblewimble’s integration into Litecoin came by way of the Mimblewimble Extension Block, also known as MWEB, which allows the network’s users to opt-in to confidential transactions. MWEB lead developer David Burkett, who has been sponsored…
Turkish blockchain provider Bitci is seeking to establish local crypto exchanges in Brazil and Spain in a bid to lure local crypto investors. A Bitci spokesperson told Cointelegraph that Bitci is planning to open new crypto exchanges in the countries where the company has sizeable deals and assets, as Reuters reported. The first stop for Bitci’s international expansion, also a…
Web3 — or Web 3.0 as crypto boomers like to call it — is a topical buzzword with only a very vague definition. Everyone agrees it has something to do with a blockchain-based evolution of the internet but, beyond that, what is it really? Yet, the conversation surrounding the meaning and prospects for Web3 has become very fashionable in crypto…
Software wallet and browser extension Phantom has raised $109 million in Series B financing to continue expanding its cross-platform capabilities beyond Solana. The funding round was led by Paradigm, an investment firm focused on cryptocurrency and Web3 companies. Other venture firms to have supported Phantom in prior funding deals include Andreessen Horowitz, Jump Capital and Variant Fund. According to Phantom,…
Solana (SOL) looks poised to paint its first “death cross” this week, raising fears that its ongoing selloff would continue further into February. Real selloff threat Notably, the SOL price’s 50-day exponential moving average (50-day EMA; the red wave) will eventually close below its 200-day EMA (the blue wave), signaling a bearish crossover, called a death cross, that typically prompts traders…
The COVID-19 pandemic has sparked a revolution in the workplace. Many businesses are permanently shifting to remote working, and seizing the opportunities presented by a decentralized working model. For companies, that means a smaller cost footprint, and a more global pool of talent to draw upon. For workers, the pandemic has accelerated existing trends such as the move towards digital…
Sheila Warren, the head of blockchain and distributed ledger technology at the World Economic Forum, will be assuming the position of chief executive officer of the Crypto Council for Innovation, or CCI, starting in February. In a Monday announcement, the CCI said that beginning on Feb. 2, Warren would lead the alliance of crypto-friendly firms aimed at supporting lawmakers on…
In brief FTX has raised $400 million in a Series C round, which values the firm at $32 billion. Last week, FTX US raised a $400 million Series A at a $8 billion valuation. Cryptocurrency exchange FTX today announced that it has raised a $400 million Series C funding round, which now values the rising firm at $32 billion. That’s…
El Salvador’s president, Nayib Bukele, believes that it’s just a matter of time before bitcoin sees a “gigantic price increase.” Bukele stressed on Twitter that bitcoin is extremely scarce and there’s not enough bitcoin in the world for all today’s millionaires. Salvadoran President Says Best Time to Buy Bitcoin ‘Is When the Price Is Down’ as IMF Warns Nayib Bukele’s…
