Markets

Cyclos, a concentrated liquidity market maker, built on Solana, has announced that it has raised $2.1 million in a private and public funding round, which saw the participation of notable investors in the industry. Per a press release shared today with CryptoPotato, the investors involved in the just-concluded funding round include Huobi Ventures, CMS Holdings, Hashkey, Coin98 Ventures, Solana Capital, Gate.io cryptocurrency exchange, Youbi Capital, among several others....

After 2 weeks of consolidation, Bitcoin managed to make a weekly close above the critical $50k level, marking another step forward in bull market continuation validation. This is now the fourth consecutive weekly close above the 21-week, 40-week, and 200-day moving average, 3 major levels that have been successfully reclaimed in order to re-enter bull market continuation validation. It is important for BTC to start establishing $50k as support this week, as the bulls start...

The NFT market continues to rage, and it shows no signs of slowing down. At the time of this writing, Sotheby’s is hosting a dedicated online sale of NFTs of Bored Ape Yacht Club (BAYC,) and the current bid is just short of $20 million. $19 Million for NFT Apes It goes without saying that non-fungible tokens are where all the rage is within the past couple of months, with multiple collections selling for astronomic figures across a variety of blockchains such as Ethereum,...

Antigua sede del Banco de Comercio en Bilbao, hoy BBVA. Bilbao, País Vasco, España. Foto CC0 Public Domain via Wikipedia New Gen, BBVA in Switzerland’s new online investment account, allows customers to invest quickly and easily in different currencies and access a catalogue of the most innovative investment trends on the market. Everything can be done online, from the account opening to the first investment, without going to the Zurich...

Following the announcement by core contributor “DeFi Ted,” COVER price plummeted 16% as trading volumes soared. Cover Protocol, a DeFi insurance cryptocurrency minted on Ethereum, will no longer receive support and development after engineers in the core team left suddenly. The insurance coin’s core contributor, “DeFi Ted” announced the project would be shutting down early Sunday morning. COVER had a market cap of around $21 million at the time he made the announcement....

In a recent discussion, Gary Gensler – the present head of the Securities and Exchange Commission (SEC) – stated that major cryptocurrency platforms and exchanges need to embrace and cooperate with regulators if they wish to maintain their present levels of trust amongst customers. It’s a statement that arguably suggests Gensler knows absolutely nothing about cryptocurrency. Gary Gensler Is All About Regulation During the discussion, Gensler comments: At about $2...

After touching a multi-month high above $51,000, bitcoin has retraced slightly and currently stands around the coveted $50,000 mark. Most altcoins have also stalled on a 24-hour scale, except for Polygon, which has surged by roughly 20% in a day. Bitcoin Stands Around $50K Ever since the primary cryptocurrency recovered from its dip to $46,300 at the start of the month, the bulls have had control over the market. They pushed the asset to and beyond $50,000, as reported...

Cathie Wood, CEO of Ark Invest, recently spoke about the market outlook, taking the opportunity to give some love to Bitcoin and the ecosystem of industries that are developing around cryptocurrencies. Speaking with Yahoo Finance, the financial expert assured that the future looks bright for the world of cryptocurrencies. Wood disagrees with billionaire investor John Paulson’s recent criticism of Bitcoin and cryptocurrencies, claiming that Bitcoin is managing to surpass gold...

The CEO of blockchain forensics firm Chainalysis is optimistic that the bitcoin price will rise above $100,000 before the end of 2021. $100k by December 2021 In a Bloomberg interview on Thursday (September 3rd, 2021), Michael Gronager, who is also the co-founder of cryptocurrency exchange Kraken, asserted that bitcoin and the cryptocurrency market, in general, are still in a bull run state. Earlier in August, Kraken CEO Jesse Powell noted that the market was still in the...

American songwriter, singer, and dancer Jason Derulo revealed today that he invested in crypto, particularly Solana (SOL) back in June and it has been a great ride. Jason Derulo’s Bet on Solana Paid Off Well Expressing his delight, Derulo tweeted saying “I betted on Solana in June. Wow, what a ride! #crypto.” While the celebrity did not share the amount he invested in SOL or if he has other crypto assets in his portfolio, it is certain that he is in massive profit,...