Markets

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The digital asset markets have been shaky in the past year, but the blockchain sector continues to scale as demand intensifies from both crypto-native as well as traditional institutions eyeing to leverage the space. Decentralized smart contracts platform Injective is the latest to announce a new $150 million ecosystem initiative to spur the adoption of interoperable infrastructure and DeFi. Leading the charge is a consortium of prominent Web3 players such as Pantera Capital,...

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Coinbase – one of the largest and most popular digital currency exchanges in the world – has announced it will pay roughly $50 million in settlement fees to New York regulators for allegedly failing to comply with the Empire State’s anti-money laundering laws. Coinbase Allegedly Did Not Comply with Anti-Money Laundering Laws Regulators say that Coinbase has several older accounts that it hasn’t bothered to apply anti-money laundering laws to. There have been several...

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Tron price started a fresh downside correction from the $0.064 zone against the US Dollar. TRX price is now trading below $0.0620 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.0620 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.0585 support zone. TRON price started a downside correction below the $0.0620 against the US Dollar, similar bitcoin. TRX...

Bitcoin price started a fresh increase from the $20,400 zone against the US Dollar. The price is now trading above $22,000 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $22,450 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to move up if it stays above the $21,500 resistance zone. Bitcoin price is rising above $22,000 against the US Dollar. BTC might extend gains if...

The New York State Department of Financial Services (NYDFS) urged firms to set apart customers’ cryptocurrency holdings from their own assets. The watchdog argued that co-mingling funds could trigger a significant financial loss for investors. The NYDFS’ Recommendation New York’s financial watchdog issued guidance to state-regulated companies on how they should better protect clients in the event of potential insolvency. It outlined the increasing interest in cryptocurrencies...

Blockstream, a leading bitcoin infrastructure provider, announced on January 24 that it had raised $125 million in funding to expand its institutional bitcoin mining services. This fundraising round was led by Kingsway Capital, a UK-based private equity fund, and included participation from other investors such as Fulgur Ventures and Cohen & Company Capital Markets. This is the first fundraising for Blockstream since its 2021 Series B round, where the company raised $210...