The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Price-Based Capitulation Versus Time-Based Capitulation A look at previous bitcoin bear market cycles shows two distinct phases of capitulation: The first…
The first phase of experiments with a wholesale digital euro has been completed, and phase two experiments will begin this year, Banque de France governor François Villeroy de Galhau said Tuesday. Four or five new experiments are expected to be launched. Speaking at the Paris Europlace International Finance Forum, the French central banker summed up the European Union’s achievements in…
Lightspeed Venture Partners announced today that it’s closed the firm’s latest funding round, bringing in more than $7 billion across four funds that focus on early- and growth-stage companies. The private equity firm also unveiled Lightspeed Faction, described as “an independent team dedicated to building on Lightspeed’s nine-year history of backing exceptional founders in blockchain infrastructure.” Sam Harrison and Banafsheh…
Bear markets are always tough, but one of the positives is they clear the clutter and this allows legitimate projects to stand out. While most investors are focused on the latest centralized finance (CeFi) and decentralized finances (DeFi) scandal, the blockchain gaming sector has quietly weathered the storm better than other niches of the market. Total number of unique active…
Amid economic and political turmoil, the Central Bank of Sri Lanka, or CBSL, has warned the public against crypto purchases due to the lack of regulatory oversight. In a Tuesday notice, the CBSL said it has not authorized or licensed any company in Sri Lanka to offer crypto-related services, including exchanges, initial coin offerings and mining. The central bank said…
Blockchain gaming and venture studio Animoca Brands has closed another strategic funding round, giving the company additional resources to expand its acquisition targets in the metaverse sector. The company announced Tuesday that it has closed a $75.32 million funding round at a pre-money valuation of $5.9 billion backed by Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures, 19T, SG Spring…
A New York bankruptcy judge on Tuesday gave liquidators full control of Three Arrows Capital’s U.S. assets and authorized them to issue subpoenas to co-founders Su Zhu, Kyle Davies, and other parties with information about the Singapore-based crypto hedge fund. The fund, often referred to as 3AC and which in April had $3 billion in assets under management, filed for…
Picpay, one of the most popular payments fintech companies in Brazil, has announced that it will start including cryptocurrency services in its app. The company explained that these services will include the possibility of purchasing crypto and processing payments with crypto directly. Picpay follows the actions of companies like Nubank and Mercado Libre, which have also started offering crypto services…
The total crypto market capitalization has fluctuated in a 17% range in the $840 billion to $980 billion zone for the past 28 days. The price movement is relatively tight considering the extreme uncertainties surrounding the recent market sell-off catalysts and the controversy surrounding Three Arrows Capital. Total crypto market cap, USD billion. Source: TradingView From July 4 to July…
The struggling crypto lending platform Celsius has nearly cleared all of its outstanding DeFi debt after recovering 400,000 collateralized Staked Ethereum (stETH) from its loan on Aave. The withdrawal amounts to $415 million in crypto that’s been saved from the risk of liquidation—almost a tenth of the asset’s $4.4 billion market cap. As revealed through Nansen Portfolio tracker, the firm…
