Cardano (ADA) initially rose to fame in 2017 as one of the more anticipated Initial Coin Offerings (ICO) of the year. Over time, the project persisted through a daunting crypto winter to earn its place among the top crypto assets by market capitalization. In Kraken Intelligence’s latest deep dive, the team takes a closer look at this unique project and…
After earlier spells of consolidation, the tide turned on cryptocurrencies this afternoon, with markets finding themselves in a red wave. Quant managed to evade the wave, climbing by as much as 20% during the session. Biggest gainers Following yesterday’s strong gains, the global cryptocurrency marketplace was trading over 6% lower on Wednesday, however, there were some notable exceptions. Quant was…
On February 2, 2022, the blockchain infrastructure provider Alphapoint has announced that the Salvadoran government has chosen the firm to operate the bitcoin wallet Chivo. The bitcoin wallet is the largest fintech application in the country and Alphapoint “supports the frontend and backend infrastructure that powers the wallet and integrates the entire ecosystem.” Alphapoint to Support Chivo Wallet’s Frontend and…
In brief Alphabet Inc. yesterday said it was actively looking into Web3 tech. The company, which owns Google, has already started to embrace cryptocurrency. Alphabet Inc., the tech conglomerate that owns Google, today said it was actively looking at how it can apply Web3 and blockchain networks to its business. In its Q4 earnings call yesterday, CEO Sundar Pichai said…
T.V. Somanathan, the finance secretary for the Indian government, is reportedly pushing back against the narrative cryptocurrencies will be widely accepted in the country — by dismissing the possibility of using them as legal tender. According to a Wednesday tweet from Asian News International, Somanathan said that a digital rupee backed by the Reserve Bank of India, or RBI, will…
In brief Riptide is Solana Labs’ 5th global hackathon. With the hackathon, Solana is looking to onboard new developers into its ecosystem. Surf’s up! Just in time for the return of the blockchain conference season, Solana Labs announced today the latest iteration in its series of hackathons, Riptide. The global hackathon will bring developers worldwide to compete for $5 million…
Peer-to-peer bitcoin platform Paxful has launched an educational center in El Salvador to help citizens learn about and better utilize Bitcoin. The initiative, called La Casa Del Bitcoin, aims to propel bitcoin adoption with free knowledge as the majority of the Salvadoran population still struggles with the technology. Paxful said in a Wednesday statement that the center would provide the…
ICHI, a white-label stablecoin solution for DeFi projects, has just raised $3.5 million to continue its partnership drive. Conducted by the ICHI Foundation, several firms including Fundamental Labs, TRGC Limited, Lattice Capital, Lightshift Capita, and several others all participated in an ICHI token sale to raise funds. The capital raise will provide the stablecoin provider with the necessary resources to…
Dune Analytics, a leading data analytics platform, has announced a capital raise of $69,420,000, in addition to a $1 billion-dollar valuation, the latter of which means that the company attained “unicorn” status, which describes privately-held startups that have attained a valuation of $1 billion or more. The Series B raise was led by New-York based private equity firm Coatue, with…
Bitcoin (BTC) fell on the Wall Street open on Feb. 2 as another tech stock rout panicked traders. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin: “Macro FUD is driving all” Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it dipped below $38,000 as Wall Street began, giving back half of the gains secured on Feb. 1. At the…
