Blockchain development platform Reach is aiming to create universally compatible DApps by building a JavaScript-like programming language. Reach, a blockchain development platform for decentralized applications, has raised $12 million from investors to further its goals of simplifying the DApp creation process, the company announced on Wednesday. The latest funding round takes the total sum raised …
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Traders remain cautious following last week’s brutal sell-off, but on-chain data is beginning to signal increasingly bullish activity while the crypto market awaits the next major move. Price action for Bitcoin (BTC) and the wider cryptocurrency market was relatively subdued on May 27 as nervous traders remain unsure of what comes next following last week’s …
Continue reading “Market enters a ‘wait-and-see phase’ as Bitcoin struggles below $40,000”
DeFi is in the spotlight and Bitcoin fans may be getting jealous in this week’s Finance Redefined. As a kid who grew up in a podunk-nothing, mid-sized American city, I know what it’s like to read parachute journalism covering topics and stories close to my heart. Some bad news for my fellow DeFi brethren: you’re …
Continue reading “Finance Redefined: Parachute journalism on the frontlines of DeFi! May 19-26”
The 20-day EMA and 50-day SMA are often used by traders to observe the market’s momentum and calculate the best time to enter and exit an asset. The first step to successful trading is the identification of medium- and short-term trends. Traders who remain on the right side of the trend and use risk management …
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Talos seeks to accelerate institutional adoption of digital assets. It now has some of the industry’s biggest backers supporting its mission. Talos, an up-and-coming institutional technology provider for cryptocurrency trading, has secured $40 million in Series A funding from some of the biggest venture capitalists in the digital asset market. The raise, which was led …
Continue reading “Andreessen Horowitz leads $40M investment round into crypto-trading platform”
According to data from Skew Analytics, more than 55,000 bitcoin options contracts worth $2.2 billion will expire on Friday. Statistics further show, as far as options are concerned, Deribit captures the lion’s share of contracts with 48,469 bitcoin options contracts ($1.95 billion notional) set to expire. 55K in Bitcoin Option Set to Expire, Deribit Carries …
Like Bitcoin, DeFi’s ambition to build a fully decentralized global network is the fundamental source of its revolutionary characteristics – that of being trustless and enabling disintermediation. It is these two characteristics that build the core value of DeFi and determine its long-term market growth. It’s easy to see why this is so: On the …
On Wednesday, the Veriblock project, a blockchain that leverages the implementation of proof-of-proof (PoP) consensus, announced an initiative to secure the Dogecoin blockchain using Bitcoin. The Veriblock Foundation believes the effort counters the hostile ‘Blood Bitcoin’ narrative in regard to recent environmental concerns over proof-of-work (PoW). Veriblock to Secure Dogecoin via PoP and Bitcoin’s PoW …
Graphics cards manufacturer Nvidia has earned $155 million in revenue from chips designed for cryptocurrency mining during the first fiscal quarter. The company admitted that crypto miners have also pushed sales up in the gaming products segment which remains its main market. Leading GPU Maker Reports Record High Video Card Sales Supported by Crypto Miners …
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Investors are backing the Balancer protocol with greater conviction. Could this be a sign that market hype surrounding DeFi is ramping up again? The capital raise was led by Blockchain Capital, Fintech Collective, LongHash Ventures, Fenbushi Capital, Continue Capital and Kain Warwick, the founder of DeFi protocol Synthetix. The funds will be used to strengthen …
Continue reading “VCs back Balancer with $24.25M investment”
Ethereum bulls may have flipped $2,400 back to support, but Friday’s ETH options and futures expiry will determine if traders press the pedal for $3,000. The May 28 futures and options expiry could be a turning point for Ether (ETH) as the cryptocurrency rebounded 60% from its $1,730 low on May 23. Even though the …
The ICHI ecosystem has attracted several high-profile partners, including Solana, Moonbeam, SushiSwap, 1inch Network, Loopring and Bancor. Stablecoin issuing platform ICHI has launched a Decentralized Monetary Authority, or DMA, that enables cryptocurrency networks to more easily mint their own stablecoins securely. By utilizing ICHI’s DMA, cryptocurrency communities can create and govern their own fully-collateralized stablecoins …
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Fidelity’s Wise Origin Bitcoin Trust and the First Trust SkyBridge Bitcoin ETF are now under review by regulators, according to paperwork filed earlier this month. A pair of Bitcoin (BTC) ETF applications submitted by Fidelity Investments and SkyBridge Capital are under official review by the United States Securities and Exchange Commission, or SEC, reigniting a …
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Bitcoin Pizza Day is an event that celebrates the first-ever Bitcoin purchase, which was made more than ten years ago. This year, it took place on Saturday, May 22. What Is Pizza Day? In 2010, one of Bitcoin’s earliest users, Laszlo Hanyecz, paid for two pizzas by negotiating a delivery with another user on the …
Continue reading “Bitcoin Pizza Day 2021: What Events Were on the Menu This Year?”
Iran has yet again banned crypto mining activities for four months. This follows widespread power outages that are causing a public outcry. On May 26, President Hassan Rouhani announced a halt to all crypto mining activities, including legal Bitcoin mining. The activities will remain closed until September 22. The Proof of Work (PoW) framework used …
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