Crypto exchange FTX has reached a staggering new valuation after it completed its latest round of fundraising. According to a press release, the company closed $400 million during its Series A round of funding today, which now has FTX valued at $8 billion. Brett Harrison, FTX’s president, says that the crypto exchange’s valuation reflects its …
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Virtual world project The Sandbox announced its metaverse accelerator program that will push the development of the open metaverse by investing $50 million in startups. The Animoca Brands subsidiary is partnering with the venture accelerator firm Brinc to target 30 to 40 blockchain startups a year for the program. The Sandbox Metaverse Accelerator Program will …
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The dire predictions calling for the onset of an extended bear market may have been premature as prices appear to be in recovery mode on Jan. 26 following a signal from the U.S. Federal Reserve that interest rates will remain near 0% for the time being. After the Fed announcement from, prices across the cryptocurrency …
Continue reading “Ethereum bulls aim to flip $2.8K to support before calling a trend reversal”
Diving into the economics of Bitcoin with Cryptonites, some of the most prominent figures in the crypto space, including Michael Saylor, Erik Voorhees, Gordon Einstein, Rhian Lewis, and many more explain what makes this asset that is often called “digital gold”–superior to all other forms of money ever created. This is the sequel you don’t …
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2022 crypto markets didn’t get off to a positive start as asset prices have fallen sharply since the new year, a decline that already began in November last year. Since all-time-highs, bitcoin (BTC) and ether (ETH), the leading cryptocurrencies by market cap, are down 45 and 48.2 percent respectively. Over the past 30 days, the …
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It looks as though Facebook’s Diem is coming to an end before it even launched. Sources close to Bloomberg say the project is looking at selling its assets to reimburse investors and redeploy its engineering workforce. Since announcing its arrival in the summer of 2019, Libra/Diem has had the extraordinary impact of uniting both authorities …
The number of global crypto owners is expected to exceed one billion by the end of the year, according to a report by Crypto.com. “Nations can no longer afford to ignore the growing push to crypto by the public. We may in many cases expect a friendlier stance towards the crypto industry,” the company said. …
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sponsored ETH in Mellieha is the latest in a long line of NFT experiments that aim to challenge traditional values and concepts of art and ownership. This particular project is being advised by Mamo TCV Advocates, one of Malta’s leading law firms. At the core of ETH in Mellieha is an Oil Painting that No …
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The digital currency asset manager Valkyrie has applied for an exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The fund plans invest at least 80% of its net assets into firms that derive at least 50% of their revenue from the bitcoin mining industry. Valkyrie’s Proposed ETF Targets the Bitcoin Mining Industry …
There’s been a lot of action in the world of cryptocurrencies over the last 12 months and a myriad of metrics have changed. A recent report from forexsuggest.com shows that dogecoin fees saw the largest increase since January 1, 2021, jumping 4,230% in a year. Ethereum’s transaction fees were the most expensive at the end …
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Ahead of Wednesday’s FOMC meeting, cryptocurrency markets were once again trading higher, with polygon (MATIC) being one of today’s biggest gainers. Despite the top 20 mainly trending upward, some in this list were mainly lower during the course of the session. Biggest Gainers Polygon (MATIC), which was one of the biggest gainers within the top …
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On January 26, the crypto asset exchange FTX US revealed it raised $400 million in a Series A financing round stemming from investors like Softbank, Paradigm, and Multicoin Capital. The Series A investment in FTX US brings the U.S.-based trading platform’s post valuation to $8 billion. FTX US Reveals $400 Million Capital Raise, Firm Aims …
Crypto research firm Glassnode is looking at fresh Bitcoin (BTC) data to see if the recent sell-off indicates that BTC is just in a slump or entering bear market territory. In its latest weekly newsletter, Glassnode says that due to the wild price swings commonly seen in the crypto markets, a deeper analysis of the …
The host of popular crypto channel Coin Bureau says that one Ethereum (ETH) competitor could surge into the top five crypto assets by market cap. In a new video, the pseudonymous analyst known as Guy tells his 1.9 million YouTube subscribers that layer-1 smart contract platform Avalanche (AVAX) is set to compete with bigger crypto …
The anonymous host of InvestAnswers says a pool of large investors will help form a bottom price level for Bitcoin (BTC). With BTC trading at $36,727.19 at time of writing, down more than 13.5% in the past seven days, the InvestAnswers analyst tells his 405,000 YouTube subscribers that Bitcoin will bottom out at $30,000. “Volume …
