Bitcoin (BTC) fell below $62,000 on Oct. 26 as the launch of the third United States regulated exchange-traded fund (ETF) failed to budge the sideways price action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $61,600 support target for BTC Data from Cointelegraph Markets Pro and TradingViewshowed BTC/USD hitting daily lows as U.S. markets opened on Oct. 26. The latest ETF,…
Crypto listing platform CoinList has concluded a $100 million Series A fundraiser to fuel its global business expansion, bringing its total valuation to a whopping $1.5 billion. The cash injection will help CoinList scale its business operations, support its community of early adopters and launch new product offerings, the company announced Tuesday. The fundraiser was co-led by venture funds Accomplice…
In brief Helium, a crypto startup focused on distributed wireless networks, is partnering with Dish Network for its upcoming 5G network. Dish customers can deploy a 5G node to share connectivity and earn crypto token rewards via Heliums network. Crypto startup Helium showed that a user-run wireless network can be bootstrapped with token rewards, with its original Internet of Things…
Five years ago, there was a large quantity of digital currencies and blockchains, but there were very few trading platforms that dealt with decentralized exchange. Since the boom of decentralized finance (defi), there’s now a myriad of decentralized exchange (dex) platforms that allow people to swap funds in a private, non-custodial manner. These days the biggest dex applications are catering…
Imagine BitMEX was decentralized and built on Solana, and you begin to understand Drift Protocols North Star. And with $3.8 million in fresh capital in hand, the project is inching closer to its objective. The funding round was led by Multicoin Capital, with Alameda Research, QCP Capital, Robot Ventures, Jump Capital, Not3Lau, and a host of other angel investors joining.…
Bitcoin (BTC) marking a new high of $67,000 last week has opened the possibility to hit $100,000 by the end of this year. According to PlanB, the creator of the popular stock-to-flow (S2F) model, called Bitcoin’s price retracement from the $60,000-level the “2nd leg”of what appeared like a long-term bull market. #bitcoin bull market, 2nd leg has started pic.twitter.com/N9H2QF7SDe —…
Its no surprise that nonfungible tokens (NFT) have been dominating the crypto market this year. The booming digital asset class generated over $2.5 billion in sales within the first six months of 2021, demonstrating unheard-of financial gains for artists, brands and content creators across the globe. The rise of metaverses has also impacted the adoption of NFTs, as the world…
Ampleforth is launching its algorithmic unit of account on the Ethereum competitor Avalanche. With the changing regulatory landscape and uncertainty around what the verdict around stablecoins will be, its important for DeFi to have a financial building block thats decentralized, uncensorable and have some aspect of price predictability or stability, said Evan Kuo, CEO of Fragments, Inc., the development company…
Immunefi, a bug bounty system for smart contracts and decentralized finance (Defi) projects, has announced it raised $5.5M in funding. Investors participating in the fundraise included Blueprint Forest, Electric Capital, Framework Ventures, Bitscale Capital, P2P Capital, IDEO Colab, The LAO, BR Capital, 3rd Prime Ventures, North Island Ventures, and other individual investors. Hacking incidents are a mission-critical issue in the…
press release PRESS RELEASE. BlockBank, the platform disrupting mobile banking by blending it with decentralized finance (DeFi) and Artificial Intelligence (AI) technology, is officially launching its all-encompassing financial application in Q4 of 2021. On a mission to grow worldwide accessibility to DeFi and build users’ financial empowerment, BlockBank’s new mobile and online app will combine the best of the traditional…
