Markets

On March 8, Cega Finance announced that it had raised $4.3 million in a seed round led by Dragonfly Capital Partners. There was also participation from various DeFi and crypto VCs, including Pantera Capital, Coinbase Ventures, Alameda Research, and Solana Ventures. The platform, founded by former UBS derivatives trader Arisa Toyosaki, now has a valuation of $60 million. Cega aims to build the next evolution in DeFi derivatives by introducing “exotic derivative capabilities”...

Crypto regulation has long been a rather controversial topic. Traders and analysts everywhere seem to be split right down the middle on it. How Necessary Is Regulation? Some of the experts out there believe it’s completely necessary, and they’re all for it. Tally Greenberg – head of business development at All Nodes – explained in a recent interview: Regulations will come up and they must come up at some point, which would stabilize the market even further. That protects...

The current Chairman of the US Securities and Exchange Commission – Gary Gensler – said that the agency will collaborate with government organizations to achieve “important public policy goals” in the cryptocurrency sector. His comments came shortly after the US President – Joe Biden – signed the first-ever executive order on digital assets. Gensler’s Reaction After The Executive Order The long-awaited executive order on cryptocurrencies from the White House was finally...

A burger chain known as Shake Shack is giving crypto traders a reason to eat at its establishments. Any purchases made at a Shake Shack location using the Cash App will get rewarded with bitcoin. Shake Shack Is Experimenting with Bitcoin Customers who use the Cash App to purchase items from Shake Shack can receive 15 percent cashback on those purchases in the form of BTC, the world’s number one digital currency by market cap. Those interested can seek promotions in Cash...

Tron price started a decent increase from the $0.0575 level against the US Dollar. TRX price is now trading above $0.0600 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.0602 on the 4-hours chart (data feed via Bitfinex). The pair could continue to move up if it clears the $0.0630 resistance zone and then $0.0650. TRON price started a fresh increase above $0.0600 against the US Dollar, similar to...

Bitcoin price started a fresh increase from the $37,150 support against the US Dollar. The price is now trading above $40,000 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $39,120 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair must clear $42,250 and then $43,000 to continue higher in the near term. Bitcoin price climbed higher above the $40,000 resistance against the US...

INTERNET CITY, DUBAI, Mar. 9, 2022 – LBank Exchange, a global digital asset trading platform, has listed MetaRare (MTRA) on March 9, 2022. For all users of LBank Exchange, the MTRA/USDT trading pair is now officially available for trading. The emergence of NFT brings new opportunities to artists, art collectors, and investors. To make it easy for everyone to participate in the NFT market, MetaRare (MTRA) is building a next generation NFT platform where the best artists...

INTERNET CITY, DUBAI, Mar. 7, 2022 – LBank Exchange, a global digital asset trading platform, will list Best Fintech Investment Coin (BFIC) on March 10, 2022. For all users of LBank Exchange, the BFIC/USDT trading pair will be officially available for trading at 20:00 (UTC+8) on March 10, 2022. Although crypto market has been growing rapidly since its emergence, there still lacks a truly crypto-based digital economy. To build one like none of the other cryptocurrencies...

Sygnum Singapore – a subsidiary of Switzerland’s Sygnum Bank – received in-principle approval from the country’s top financial regulator to conduct three additional activities. These include providing corporate finance advisory services, dealing in capital market products, and offering custodial services. Sygnum to Enable More Opportunities Upon obtaining full approval from the Monetary Authority of Singapore, the digital asset bank will be able to leverage its existing...

INTERNET CITY, DUBAI, Mar. 3, 2022 – LBank Exchange, a global digital asset trading platform, will list KleeKai (KLEE) on March 9, 2022. For all users of LBank Exchange, the KLEE/USDT trading pair will be officially available for trading at 20:00 (UTC+8) on March 9, 2022. While experiencing tremendous growth and expansion in recent decades, the gaming industry is still dominated by a few big actors, which is creating a centralized environment. To revolutionize the gaming...