Markets

The world’s largest NFT marketplace, OpenSea has recently raised $100 million from industry investors in a recently-concluded Series B funding round led by leading American venture capital firm, Andreessen Horowitz. Making NFT Trading Accessible to More Users In an official press release published Wednesday, OpenSea noted that it will use the funds to expand its reach into several new international markets to make NFT trading accessible to more users. The project also added...

The recent Coin98 funding will help the company’s general presence in the DeFi sector, especially in the Asian financial markets.Coin98 Labs has successfully raised $11.25M in a strategic funding round to expand the scope of its DeFi applications. The funding, which ended in late May, was led by Spartan Group and Hashed. The company is also launching the Coin98 Exchange to satisfy untapped demand in the DeFi space.An official Coin98 report states that the outfit intends to build and develop...

Tron price started a fresh decline from well above $0.0600 against the US Dollar. TRX price is now trading well below $0.0550 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.0530 on the 4-hours chart (data feed via Bitfinex). The pair could correct higher, but the bears are likely to remain active near $0.0530 and $0.0550. TRON price is slowly moving lower below $0.0500 against the US Dollar, similar to...

Bitcoin price started a fresh decline after it failed to surpass $32,000 against the US Dollar. The price is now trading well below the $32,000 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $30,900 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair might correct higher, but it is likely to face sellers near the $30,900 zone in the near term. Bitcoin price is slowly gaining bearish...

Some analysts think that the price volatility that has been plaguing bitcoin over the past few months is about to get a whole lot crazier. The Bitcoin Volatility Is About to Get Bigger In mid-April of this year, bitcoin – the world’s number one digital currency by market cap – hit a new all-time high of approximately $64,000 per unit. Everyone thought that the currency was untouchable and that things were likely to keep heading north. Unfortunately, this has not been the...

Not too long ago, Jackson Palmer – the co-creator of the popular meme currency Dogecoin – issued a series of attacks on the cryptocurrency space, calling it inherently “right wing” and an arena that has allowed a bunch of people to build their wealth through “tax avoidance, diminished regulatory oversight and artificially enforced scarcity.” It looks like Brian Armstrong – the CEO of Coinbase, one of the largest crypto exchanges in the world – is not taking these words...

According to a recent survey, 7 out of 10 institutional investors asserted that they expect to purchase digital assets sometime in the future. What’s more, over half of the participants revealed they already have invested in cryptocurrencies. Institutional Investors Love Virtual Currencies A survey conducted by the financial services provider – Fidelity Digital Assets – found out that more than 50% of global institutional investors had already allocated some of their wealth...

One of the key changes that OpenSea will work towards is to enable cross-blockchain operations on its platform. NFT marketplace OpenSea is now valued at a total of $1.5 billion post its Series B Funding round where it raised $100 million. Crypto is still a developing industry however some entrepreneurs have already made a place for themselves in the future crypto world. OpenSea is one such entity that allows traders, owners, and developers to create, trade, and develop non-fungible tokens...

UBS said the huge net profit during Q2 is partially due to continued momentum in flows and volume growth.UBS Group AG (NYSE: UBS) stock saw a gain of as much as 3.7% and traded as high as $15.05 during today’s pre-market. And now as the market is ioned, the stock is 2.85% up. The gains negated yesterday’s 2.22% loss that saw UBS shares close the day trading at $14.54. Today’s spike on the largest private bank was attributed to second-quarter earnings that beat analysts’ expectations....

Ralph Hamers, the CEO of the Swiss multinational investment bank UBS Group AG, has no FOMO towards the cryptocurrency industry. He feels his organization is not missing out on any potential gains from this “untested” market. No Crypto Fomo: UBS CEO Speaking to Bloomberg TV, Hamers outlined the success of the financial institution that he runs in the past year. While commenting on the bank’s earnings and the expansion to other nations, he received a question in regards to what...