Several venture capital firms including Andreessen Horowitz have thrown their weight behind Nansen, an up-and-coming blockchain analytics platform for the DeFi sector. The $12 million Series A funding round included participation from Skyfall Ventures, Coinbase Ventures, imToken Ventures, QCP Capital and Mechanism Capital, Nansen announced Tuesday. Nansen said the funding will be used to hire …
Continue reading “Blockchain analytics firm Nansen secures $12M in Andreessen Horowitz-led raise”
A prominent crypto trader and strategist unveils that he’s buying Cardano at the expense of his Ethereum holdings. The pseudonymous trader known as Capo tells his 136,00 followers that Bitcoin is showing signs of strength after managing to stay above the key support of $30,000. ADVERTISEMENT “BTC. Good bounce so far. Remember that the …
The latest announcement from El Salvador’s pro-Bitcoin president, Nayib Bukele, has clarified that citizens will not be forced to use the government-issued “Chivo” Bitcoin wallet. In a tweet on June 29, El Salvador’s President Bukele stated he wanted to clear up any misinformation regarding the government’s wallet application following the passing of the country’s Bitcoin …
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Jay-Z and Jack Dorsey have hinted that their music streaming service, Tidal, could be eying integrations supporting nonfungible tokens (NFTs) and smart contracts. Speaking during a June 28 conference hosted on Twitter Spaces, the duo emphasized the importance of introducing features that empower the artists using the platform, citing smart contracts, NFTs, and analytics tools …
The self-proclaimed Satoshi Nakamoto and Bitcoin SV proponent, Craig Wright, has won a legal battle claiming copyright infringement on the part of bitcoin.org for hosting the Bitcoin whitepaper. Wright won by default after the website’s pseudonymous owner, “Cøbra,” chose not to mount a defense. Bitcoin.org must now remove the whitepaper and display a notice referring …
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Ethereum investment products have experienced a record outflow of $50 million this past week, signaling bearish sentiment among institutional investors. According to the CoinShares’ “Digital Asset Fund Flows Weekly” report, Ether products have now experienced outflows for three consecutive weeks, with $64.3 million leaving the sector since the week ending June 6. Despite the drawdowns, …
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Raees Cajee, the co-founder of South African crypto investment platform AfriCrypt, has denied claims that he and his brother ran off with billions in investor funds, asserting the platform lost $5 million in a hack. Last week, Cointelegraph reported that AfriCrypt — an asset manager purporting to offer daily returns of up to 10% that …
Binance’s U.K. customers are currently unable t use the popular local payments provider, Faster Payments, to withdraw British pounds (GBP) from the exchange. On Monday, June 28, a notice on the Binance website declared that GBP withdrawals via Faster Payments had been “suspended for maintenance,” according to the Financial Times. Faster Payments is a payment …
Continue reading “Binance suspends popular fiat ramp for U.K. customers amid regulatory crackdown”
Ark Investment Management has become the latest firm to file for a Bitcoin exchange-traded fund (ETF). According to a June 28 filing with the United States Securities and Exchange Commission (SEC) submitted in partnership with European exchange-traded product issuer, 21Shares, the ETF would be listed on the Chicago Board Options Exchange’s (CBOE) BZX Exchange and …
Continue reading “Cathie Wood’s Ark Invest teams up with 21Shares to file for Bitcoin ETF”
One small-cap crypto newcomer is defying the widespread downturn that’s hammered Bitcoin and the altcoin markets at large. The global payments infrastructure platform Celo (CELO) has soared more than 50% in the past week, as larger assets like Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB) and Cardano (ADA) remain in the red on their weekly …
Although bulls made a show of force in the morning trading hours, Bitcoin (BTC) price is still pinned under the $35,000 resistance and unable to flip the 20-day moving average to support or secure a daily close above the level. Data from Cointelegraph Markets Pro and TradingView since rallying to $35,400 on June 28, Bitcoin …
Continue reading “Bears back off, but Bitcoin price still wavers below $35K”
Elon Musk, the at-times controversial SpaceX founder and stop-and-go crypto supporter, voiced his support late Sunday for a set of major updates to the Dogecoin (DOGE) blockchain. The changes would drastically redesign the cryptocurrency’s software architecture and alter its token economics. The popular “joke crypto” appears to be gearing up to become a serious utility coin …
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Authorities behind financial regulation in Mexico have warned against financial institutions handling cryptocurrencies, saying digital assets are still not considered legal tender in the country. In a Monday press conference, representatives from Mexico’s finance ministry, the Bank of Mexico, and the National Banking and Securities Commission issued a joint statement warning investors virtual assets carried …
Continue reading “Mexico may not be following El Salvador’s example on Bitcoin… yet”
Bitcoin (BTC) is attempting to stage a relief rally but analysts at JPMorgan Chase believe that the short-term setup looks challenging. However, the analysts also pointed out that the crypto markets had started a healing process. A sign of this ‘healing process’ was seen when the crypto markets did not react negatively to the news …
Continue reading “Price analysis 6/28: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC”
U.S. authorities have seized Bitcoin following a cyberattack on the Colonial Pipeline. Here’s what you should know. In June, the U.S. Department of Justice (DoJ) announced that it had recovered millions of dollars of Bitcoin related to a cyberattack on the East Coast pipeline. Here’s what you should know about the events that have occurred so …
