Markets

CipherTrace’s intention is to expand its operations next one year while capitalizing on the growing cryptocurrency market.According to CoinDesk, CipherTrace has just closed a Series B Funding round that was spearheaded by Dan Loeb’s firm, Third Point Ventures. Other companies involved in the funding round included Neotribe, Seraph, and Ascrew Capital. A spokesperson for Third Point Ventures emailed CoinDesk confirming the company’s participation in the funding round. Investment companies...

GameStop, which was previously on the brink of bankruptcy, was catapulted to record-breaking all-time highs on the stock market earlier this year.The stock of the gaming retailer GameStop Corp (NYSE: GME) soared after it was announced that 5 million additional shares had been sold. The sale, which brought in close to $1.13B, was to raise capital for stimulating growth and maintaining a strong balance sheet.The stock surged by about 12.7% on Tuesday. This was after the original meme-stock had...

McDermott, who has spent fifteen years at Goldman Sachs, claims that the blockchain evolution was a massive bonus to the repo market, presently estimated at over $4.6 trillion.Goldman Sachs Group Inc united with JPMorgan Chase & Co’s independent blockchain-based network for repo trades market that utilizes digitized currency to conduct cross-border payments.One June the 17th, the American multinational investment bank conducted its first trade, when it exchanged a tokenized rendition of a...

Tron price traded below the $0.0500 zone before it started a decent recovery against the US Dollar. TRX price is now trading well below $0.0600 and the 55 simple moving average (4-hours). There is a connecting bearish trend line forming with resistance near $0.0580 on the 4-hours chart (data feed via Bitfinex). The pair could start a major recovery if there is a clear break above $0.0580 and $0.0600. TRON price is slowly recovering above $0.0500 against the US Dollar,...

Bitcoin price extended its decline below the $30,000 support and tested $28,800 against the US Dollar. The price is now trading below the $35,000 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $34,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair must clear the trend line and $34,500 to move into a positive zone in the near term. Bitcoin price is recovering higher above...

Blockchain Capital remains a major tech backer in the DLT space with investments in numerous crypto and DLT projects. Fund V with $300M Funding According to a press release published on Monday (June 22, 2021), Blockchain Capital has closed funding for its Fund V LP. The capital raise reportedly drew participation from several high-profile backers including global payment giants Visa and PayPal. Capped at $300 million, Blockchain Capital’s latest fund was oversubscribed likely...

With Ethereum continuing to show a lot of gall and hutzpah during this current bear market, many are wondering if the asset will eventually become the world’s most powerful cryptocurrency by market cap. As always, bitcoin is still in the number one spot, but Ethereum is continuing to show heavy promise, and Wall Street along with several retail players are experiencing more interest in the asset. Ethereum Is Gaining Serious Momentum Ethereum is the second largest...

Chicago is building itself up as a leader in the world of blockchain and crypto. The region already hosts a bitcoin ATM operator and a crypto mining facility and is looking to add a whole lot more to the mix. Chicago Is Becoming a Real Crypto Hub David Carman is a fintech consultant and board member with Global DCA, a crypto industry association in Chicago. He says that over the years, people within the city have grown to love digital assets, and the market itself is...

[PRESS RELEASE – Please Read Disclaimer] Nairobi, Kenya, June 21, 2021 – UTU, a decentralized trust infrastructure provider building new models of digital trust via artificial intelligence and blockchain, has partnered with Ocean Protocol to launch its trust infrastructure on the Ocean Market. Ocean Protocol is an ecosystem that unlocks the value of data. Data owners and consumers use the Ocean Market app to publish, discover, and consume data assets in a secure,...

The crackdown on mining operations in China will lead to a migration of mining activities to the West. Bitcoin price is down. In fresh moves, China has renewed its crackdown on the cryptocurrency ecosystem. This has led to the plunge in the prices of several crypto assets including Bitcoin, Ether, and XRP. Global Times estimates that the latest crackdown coupled with the prior actions of regulators within the country has led to the shut down of up to 90% of the country’s hashrate.Why China...