Browsing Category
Blockchain
Shardeum Seeking to Raise $20m-$30M Seed Fund at $200m Valuation
Nischal Shetty, the co-founder of Indian cryptocurrency exchange WazirX, is seeking a $20 million to $30 million funding round for his blockchain startup Shardeum at a $200 million valuation.
According to TechCrunch, investors in the…
Enthusiasm to Sell in the Crypto Market Subsided amid Prices Stabilize
The urge to sell in the cryptocurrency market has dwindled based on the surge of leading coins, according to on-chain insight provider Santiment.
Santiment stated:
“Crypto traders' enthusiasm to sell has quickly subsided, especially as…
Crypto Weekly Inflows Have Topped $500M for Six Consecutive Weeks: CoinShares
Inflows into crypto investment products have been experiencing an uptick for six consecutive weeks, topping $500 million, according to a report by market insight provider CoinShares.
The study dubbed “Volume 92: Digital Asset Fund Flows…
Marathon Digital Refinances $100m Credit Facility from Silvergate Bank
Marathon Digital Holdings, Inc., a major US enterprise Bitcoin mining firm, announced on Monday that it has secured another $100 million line of credit from Silvergate Bank backed by Bitcoin (BTC).
In July last year, the Bitcoin miner…
Is Bitcoin Getting Ready to Rebound in the Wake of Interest Rate Hikes?
Despite Bitcoin’s volatility sinking, this might indicate its quest to return to winning ways, according to Bloomberg analyst Mike McGlone.
McGlone stated:
“The lowest-ever Bitcoin volatility vs the Bloomberg Commodity Index (BCOM) may…
Crypto Fund Firm Fintonia Group Receives Virtual-asset License in Dubai
Singapore-based crypto fund firm Fintonia Group has received a provisional virtual-asset license from the Dubai authority.
The company plans to expand its operations in the UAE and expand its team in Dubai, hoping to establish a foothold…
GameStop Launches Public Beta Version of NFT Marketplace
Video game retailer GameStop Corp announced Monday the launch of a public beta version of a non-fungible token (NFT) marketplace amid the downturn of the crypto market.
The company's NFT marketplace is a non-custodial, Ethereum-based…
Crypto Controls Needed in Lending Sector to Stem Depression, Expert Says
For depression and crashes to be averted in the crypto market, regulation and capital controls are needed to govern fast-growing trading platforms, according to Rand Low, a quantitative risk modeller and senior fellow at the University of…
Unizen Secures $200m ‘Capital Commitment’ to Scale Up Trading Ecosystem
Unizen, a centralized-decentralized (CeDeFi) exchange, announced Monday that it has secured a $200 million capital commitment from a new strategic partner, Global Emerging Markets (GEM).
Global Emerging Markets (GEM) is a $3.4 billion…
Crypto Exchanges Have a Collective Responsibility to Educate Investors, Bitkub CEO Says
As part of collective responsibility, cryptocurrency exchanges should take up the mantle of enhancing financial knowledge about digital assets so that investors are aware of downside factors, says Topp Jirayut Srupsrisopa, the CEO of…