Crypto news

The valuation of the company has risen above $3 billion after completing the Series B round in which some of the participants included iFinex and Baillie Gifford. Blockstream aims to use the funds towards manufacturing mining chips. As reported by Canadian media on August 24th, Blockstream has further solidified its positioning as a cryptocurrency unicorn firm following the latest funding. The UK private equity firm Baillie Gifford and iFinex, the parent company of Bitfinex...

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ADA price started a fresh increase above the $2.20 resistance against the US Dollar. The price is now well above the $2.50 support and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $2.80 on the 4-hours chart (data feed via Bitfinex). The price could start another strong increase if it clears the $3.00 resistance zone in the near term. Cardano price is showing positive signs above $2.50 against the US Dollar, similar...

Ethereum price extended its increase above the $3,300 resistance against the US Dollar. ETH price is now trading above $3,200 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $3,260 on the 4-hours chart (data feed from Coinbase). The pair could continue to rise as long as it is above $3,260 and $3,200. Ethereum price is showing positive signs above $3,200 against the US Dollar. ETH/USD must stay above the $3,200...

According to a study by https://research.bloomberg.com/ which explored the ICO market of 2017 and the outcomes of all the ICOs conducted, the following was determined: approximately 78% of ICOs were identified as scams; 4% failed, 3% had gone dead and only 15% went on to trade on an exchange. In dollar value, people lost about $1.3b to scam ICOs and $624m went to those that had ‘gone dead’. Approximately 1/8 of the world’s countries have a GDP below this amount. Those of...

Cal Athletics – the sports teams representing the University of California, Berkeley – and FTX have signed the first sponsorship between a college athletic department and a cryptocurrency platform. As part of the $17.5 million deal, the team’s home ground will change its name to FTX Field at California Memorial Stadium. At the same time, the university will receive the payment entirely in digital assets. FTX Enters into New Waters According to a recent press release, the...

It’s been a rather big year for crypto thus far, but what will the future bring? Many analysts are weighing in where bitcoin and its altcoin cousins will be standing in the next five to ten years. Where Will Crypto Be in the Next Few Years? Dave Abner – head of global development at Gemini – said in a statement: There’s tremendous focus and attention being paid to [the crypto industry]. One of the big focuses we have been seeing over the past few months is on regulation....

Centre, the issuer of popular stablecoin USDC, has revealed that it will convert the asset reserves back to cash and U.S. treasury bills only. In an official blog post on Monday, the Centre Consortium noted that it now intends to “hold the USDC reserve entirely in cash and short duration US Treasuries.” The organization said the decision was prompted by its commitment to increasing transparency and exploring new opportunities to collaborate with the USDC community. It noted...

Bitcoin is and always has been the world’s number one digital currency by market cap, but according to Nigel Green of the deVere Group, Ethereum will soon rise to the top of the crypto ladder. Nigel Green: We Will Soon See ETH at the Top In a recent interview, Green mentioned: Ethereum will continue to outperform bitcoin in 2021 and will, ultimately, exceed its rival’s value. Ethereum is the number two largest cryptocurrency in the world, second only to BTC. This makes...

After launching on August 19th, the algorithmic liquidity protocol BENQI has already reached $1B in TVL. Meanwhile, the price of Avalanche’s native cryptocurrency has been soaring. Big Support for BENQI BENQI is collaborating with AVAX in a joint liquidity mining program, in which $3M worth of AVAX will be provided as incentives to users of the former’s protocol. Any user borrowing or exchanging ETH, wBTC, LINK, USDT, DAI, or AVAX will be eligible for these rewards. More...