Markets

Drivewealth is a successful fintech startup that has recently gained momentum in terms of accelerated revenue.Drivewealth, which is a fintech start-up that deals with providing retail investor access to the American stock market, is all set to raise approximately $400 million in a Series D round led by Softbank and Insight Partners. The references accumulated from four persons who have been closely associated with the situation have claimed that the exact size of the deal is yet to be...

Ark Invest has continued to double down its bet on Coinbase with several increased ETF positions in the last few weeks.Coinbase Global Inc (NASDAQ: COIN) stock was trading at around $219 (-2.67%) during Monday’s pre-market, a similar case has been observed in the crypto market, as Bitcoin continued to trade around $31k, down 1.13% according to Binance-backed Coinmarketcap.However, for some serial hedge fund managers, the dip continued to offer them an opportunity to stake more. Notably, Ark...

Nearly 50% of respondents in the survey expect Bitcoin to overtake global finance by 2040, calling it hyperbitcoinization. It will be interesting to see whether if Bitcoin can overtake the traditional financial market in the next two decades.The world’s largest cryptocurrency Bitcoin (BTC) has been constantly trading under pressure. Over the last week, BTC has lost 8% falling under its crucial support levels of $33,000. At press time, Bitcoin is trading at $31,321 with a market cap of $587...

Bitcoins have played a critical role in shaping the success of the cryptocurrency ecosystem. Since its humble beginning in 2009, Bitcoin crypto has grown consistently and people now see it as a store of digital assets. As a result, numerous crypto products have come onto the market, including BTC-backed loans. Some platforms will even promise you an instant bitcoin loan with no collateral or verification. But this is hardly possible since you have to register with the...

Ripple price is slowly moving lower below the $0.6200 support zone against the US dollar. The price is now trading well below the $0.6000 resistance and the 55 simple moving average (4-hours). There is a major declining channel forming with resistance near $0.5900 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase if it clears the $0.6000 and $0.6200 resistance levels. Ripple price is struggling to recover above...

Stablecoin giant and crypto’s money-printing machine Tether has not issued a single USDT on the Ethereum network in the last 50 days as other stable assets gain ground in the market.  USDT Issuance on Ethereum Dries Up According to recent data, the last time USDT was minted on Ethereum was on May 31st, making it the longest time in history that the asset has not been issued on the network. The total value of minted ERC20 USDT now stands at $28.9 billion. Tether (USDT) Minted....

It does not always look like football and bitcoin would go together, but today, we are being given another example of how they do in the form of New York Giants running back Saquon Barkley, who has agreed to a deal that will give him all his marketing money in bitcoin. Saquon Barkley Is Now a Bitcoin Devotee Barkley has become a major crypto fan over the years. So much so, that he is now willing to accept all the money from his recent endorsement deals in the world’s...

One of the innovations that are exciting about Centrifuge and other similar collateral-asset systems is the blending of public and private data on privacy-enabled NFTs.Decentralized finance has changed our financial world in a big way. The emergence of cryptocurrency and consensus-based verification, the innovation of decentralized lending, and other phenomena related to the blockchain are integrating new digital money systems, and making old traditional banking systems obsolete.However, one...

BTC is down a total of 6% over the week, as of now, while it currently battles to remain above $32K. The primary cryptocurrency has been trading inside a long period of consolidation between $30K and $40.5K since the mid-May capitulation candle and between $30K and $35K over the past month. This consolidation can be seen in the form of a bearish triangle, as shown below on the daily chart. Same as it happened over the past weeks when BTC tested the $30-31K lows, this week’s...

While BTC’s price continues to trade in a range of around $32,000, all eyes are on today’s largest GBTC unlocking of over 16,000 bitcoins. On the other hand, some of the altcoins have bounced off since the recent price declines, with DOGE jumping by roughly 9% on a 24-hour scale. All Eyes on GBTC Unlocking After briefly exceeding $33,000 on Thursday, bitcoin started to retrace in value and lost about $2,000 in a day. The subsequent unsuccessful attempt by the bulls to recover...