Markets

Mercado Bitcoin, the largest crypto exchange in Brazil, has received a $200 million investment from the Japanese multinational conglomerate holding company, Softbank Group Corp, in a recently-concluded Series B funding. The Largest Series B Funding in LatAm According to a Thursday report, SoftBank made this investment through its Latin America Fund. Robert Dagnoni, the executive chairman and CEO of 2TM, the parent company of Mercado Bitcoin, noted that the giant bank’s move...

While outlining the differences between Bitcoin and Ethereum, Mike Novogratz suggested that the latter might actually surpass BTC in terms of becoming the largest digital asset. During a recent interview, the CEO of Galaxy Digital also urged the cryptocurrency community to enhance its efforts to educate lawmakers about Bitcoin and the entire industry. Can ETH Surpass BTC? The topic of the eventual “flippening” – an event that will see ether surpassing bitcoin as the world’s...

Latam Tech Exchange being the largest cryptocurrency exchange in Latin America has successfully attained an active investment of $200 million from Japan’s SoftBank Group Corp. The investment received by Latam Technology Exchange was put forward in the Series B funding round initiated by SoftBank Latin American Fund and is a primary representative of Japanese multinational company’s association with Latin American crypto proceedings. With this investment, the 2TM’s Roberto Dagnoni, chairman...

After a short break from his usual comments on Twitter about the cryptocurrency space, Elon Musk reminded of his humoristic side with a new set of intriguing posts. Although his tweets contained the word “Doge,” the meme coin failed to increase. However, it turns out that the billionaire had Dogecoin’s baby in mind. Aside from his views on bitcoin, Tesla’s CEO has outlined his support for Dogecoin for months. This propelled the Shiba Inu-inspired meme coin into the...

[PRESS RELEASE – Please Read Disclaimer] With increasing activities in decentralized finance (DeFi) and blockchain space, the last year has been buzzing. DeFi has grown tremendously, from a total value locker (TVL) of $500 million on March 12. In order to be one of the most significant forces behind the crypto market bull rally of 2020/21. Currently, TVL in DeFi remains at over $50 billion. A Multi-Layer One Solutions Platform Ergo is a multiple-layer one solution providing...

Positive news surrounding COVID-19, the discovery of a vaccine, lockdown reopenings all played a big part in fueling the growth on Wall Street in 2021. The US stock futures traded steadily during Wednesday’s overnight markets as the Wall Street investors prepared themselves to enter the second half of 2021. S&P 500 increased by 0.15%, Nasdaq gained 0.05% while Dow Jones futures gained 50 points.Wednesday’s trading saw the industrial average for Dow Jones rise by 210 points. The...

According to Messari, USDC is all set to become the next governing stablecoin on Ethereum due to its rising popularity on DeFi.USDC has emerged as one of the fastest rising stablecoin on Ethereum and has occupied a position as the next ruling stablecoin. A registered 50% fall in the prices of Tether’s share as stablecoin gave USDC a chance to grow much bolder in the face of financial market value and position. Research and analysis teams on crypto variants and trading platforms have...

EOS seems to be forming a decent support base above the $3.80 level against the US Dollar. The price is now trading well above $3.50 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $3.60 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to start a strong increase if there is a clear break above the $4.40 and $4.50 levels. EOS price is showing positive signs above...

Non-fungible tokens have lifted off in terms of popularity and use case this bull season. From being used as a fan token it has grown to become an independent ecosystem of its own attracting the attention of many mainstream artists, celebrities, and sports superstars. The NFT mania has gripped the whole world and despite the early hype, many prominent crypto personalities believe it has a long way to go. Amid various use cases right from auctioning rare memorabilia be it...

Litecoin price started an upside correction above the $120 zone against the US Dollar. LTC price is now well above the $130 level and the 55 simple moving average (4-hours). There was a break above a crucial bearish trend lien with resistance near $128 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must clear $145 and $150 to start a fresh rally in the near term. Litecoin price is slowly gaining pace above $130 against the US Dollar, unlike...