Crypto news

Paradigm – an institutional liquidity network for crypto derivatives traders – recently closed a $35 million Series A funding round. Co-led by Alameda Ventures and Jump Capital, this round places the company’s value at $400 million. Paradigm’s Role According to a recent statement, over 25 other investors participated in the company’s most recent funding round. These include Nexo, Genesis Trading, Babel Finance, Dragonfly Capital, Digital Currency Group, and others. Paradigm...

The government of India has announced in a statement that despite submitting a bill to regulate crypto and recognize it as an asset class rather than ban it, it will not engage in any marketing or promotion of the cryptocurrency industry. India Is Not Looking to Market Crypto Not long ago, crypto investors in India got some good news when the country announced that its previous plans of banning all digital currencies were likely to become null and void. Rather,...

December 9 2021, Tallinn, Estonia – Just 8 days after WagyuSwap, the world’s fastest and cheapest decentralized exchange built on the Velas Network announced the Great Steak Event, the team announced yet another periodic token burn initiative of 30,000,000 of the platform’s native $WAG token. The burn will deplete the total supply by 7%, bringing it back down to 500,000,000. The burn announcement was made on Thursday December 9th prior to an ask me anything (AMA) session...

Key Support levels: $55, $64,  Key Resistance levels: $78 Luna’s rally came to a halt at the $78 resistance level. The fact that volume has been decreasing since then may give the bears an opening to take control of price, even if for a short period. The current key support levels are found at $64 and $55. During the flash crash from December 4th, the bulls had full control of price at the $55 support area. Therefore, any attempts to pull Luna down should consider this...

The hype behind canine-themed coins may have declined, but that has not stopped prominent trading venues from adding support for Shiba Inu (SHIB). It has now managed to fetch a listing from Luxembourg-based Bitstamp. Besides SHIB, the exchange also added Perpetual Protocol (PERP), dYdX (DYDX), and Gala (GALA). Bitstamp Lists Shiba Inu (SHIB) According to the official announcement, Bitstamp will enable its users to trade SHIB against the US dollar and the Euro, i.e., SHIB/USD...

The NASDAQ-listed tech giant, spearheaded by Michael Saylor, continues its BTC buying spree after another substantial purchase worth more than $80 million. Michael Saylor, one of the most prominent bitcoin advocates, who is also the founder and CEO of MicroStrategy, announced the latest purchase earlier on December 9th. The company has accumulated another 1,434 coins for approximately $82.4 million in cash at an average price of around $57,500 per bitcoin. This means that the...

[PRESS RELEASE – Road Town, British Virgin Islands, 8th December 2021] OpenOcean, the world’s leading DeFi & CeFi full aggregation protocol, is delighted to announce the successful aggregation of Arbitrum as well as its leading decentralized exchanges – UniSwap v3, Balancer v2, SushiSwap, Curve, DODO, Synapse, and Swapr. It will enable OpenOcean users to trade with maximum returns on multiple Ethereum Layer-2 constructions. “On the one hand, we know our users are trading...

Key Support levels: $4,000  Key Resistance levels: $4,566, $4,868 (ATH) ETH rallied after touching the key support level at $4,000 and came close to reaching $4,500, where bears stepped up. It appears the resistance at $4,566 will be a hard one to crack, as the bulls don’t seem to have sufficient momentum at the time of this writing. On the ETH/BTC chart, the situation is looking better, and the price made a new local high at 0.088 BTC before retracing. Bitcoin’s market share...

INTERNET CITY, DUBAI, Dec. 9, 2021 – LBank Exchange, a global digital asset trading platform, listed Ronin Gamez (RONINGMZ) token on December 7, 2021. For all users of LBank Exchange, the RONINGMZ/USDT trading pair is officially available for trading as of 22:00 (UTC+8) on December 7, 2021. Building a platform to bring together the best aspects of crypto, gaming, NFTs and betting, Ronin Gamez is here to bring crypto world AAA games and advanced NFT marketplace. Its...

Litecoin price is facing resistance near the $180 zone against the US Dollar. LTC price is now trading below $180 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $180 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh decline if it fails to stay above the $150 support. Litecoin price is consolidating below $180 against the US Dollar, similar to bitcoin. LTC price...