Crypto news

Fire Blocks – a crypto custodial service based in New York City – has garnered roughly $133 million in funding from the likes of both Silicon Valley Bank and BNY Mellon. Fire Blocks Gets $133 Million from BNY Mellon The funds came by way of a Series C venture capital funding round led by Coatue, Ribbit and Stripes. Overall, the company has gotten its fingers on approximately $179 million in new funds over the past several months. Firms to have previously invested in Fire...

Following the recent approval of QR Capital’s Bitcoin exchange-traded fund (ETF), the Brazillian company is looking to raise $90 million to buy the bitcoin needed before trading commences.Working Towards Acquiring BitcoinQR Capital made history after Brazil’s Securities and Exchange Commission (CVM) approved its application for a Bitcoin ETF, becoming the first of such in Latin America. As reported by CryptoPotato, the 100% Bitcoin ETF would trade on the Sao Paulo stock exchange, B3, under...

The Indian people need and should have access to cryptocurrency assets, said the co-founder of Infosys – Nandan Nilekani. The billionaire, who is also an advisor to government agencies and the country’s central bank, recently spoke against the country’s intentions to impose a crypto ban.Crypto is an Asset ClassThe world’s second-most populated country, India, has dabbled with the idea of banning cryptocurrency activities for years. Even after the country’s Supreme Court lifted a decision made...

Bitcoin, the world’s largest and most popular cryptocurrency by market cap, has once again surged into the high $50,000 range. At the time of writing, one unit of BTC is trading for well above $59,000, suggesting that another attempt at $60,000 could be just around the corner. Bitcoin Has Surged Back Into the High $50,000s The asset reached its all-time high of more than $61,000 just a few weeks into the month of March, though this newfound stamina ultimately didn’t last...

Attempting to improve access to DeFi interest-bearing accounts, including for individuals, businesses, professional investors, and corporations, Orbs is introducing Liquidity Nexus to act as a bridge between centralized and decentralized finance. This Liquidity-as-a-Service solution looks to make DeFi applications more available and less risky.Liquidity Nexus will provide an intuitive platform that’s simple to operate as any traditional website. The DeFi ecosystem shows massive potential and...

CEX.IO – a cryptocurrency exchange based in the United Kingdom – was recently voted the third safest and most secure crypto trading platform on the planet. CEX.IO Is a Leading Crypto Exchange in Terms of Safety The ranking comes by way of the Crypto Compare Exchange Benchmark. The enterprise monitored more than 160 separate crypto exchanges around the world to see which ones boasted the strongest security measures available today, and CEX.IO has made the top ten, thereby...

Bitcoin dropped by a sharp 3% today as the cryptocurrency falls to the current $55,000 level. It attempted to break above $60,000 over the weekend but it failed to close a daily candle above $58,355. As a result, BTC slipped from $58,300 yesterday and fell beneath the March ascending trend line to reach as low as $53,700. It rebounded by the end of the day to close the candle at $54,000.Earlier today, Bitcoin spiked further lower to reach as low as $52,930. Luckily, it found solid short-term...

XRP/USD – Bulls Break Back Above 2019 HighsKey Support Levels: $0.5, $0.453, $0.42.Key Resistance Levels: $0.556, $0.588, $0.6.XRP is in full recovery mode after surging by a total of 5.5% today to break the 2019 highs at $0.556 and reach $0.6. XRP is now up by a total of 30% this week, making it the second-highest performing top-10 ranked cryptocurrency behind Theta (+75%).The cryptocurrency had penetrated above a falling wedge pattern over the weekend as it pushed to break resistance at...

The founder of Cardano, Charles Hoskinson, has stated that his company has seen “overwhelming demand” despite only being in the second stage of its Goguen upgrade.Currently, Cardano does not have programmability at the base layer, with no smart contracts for the moment, but this didn’t stop companies from subscribing to it, according to Hoskinson. Several applications, such as BeefChain, are already using Cardano’s metadata features.Over 100 Companies Migrating to Cardano“At the moment our...

Despite reaching a new yearly-high recently, the Bitcoin velocity metric is still far from the previous bull runs. It means that investors are mainly regarding BTC as a store of value instead of a medium of exchange and hinted that the ongoing bullish cycle is far from its top.Store of Value Status Says BTC’s VelocityAccording to the analytics company CryptoQuant, Bitcoin’s velocity is a “measurement of the rate at which BTC is circulating in the economy.” In other words, it shows if the...