Markets

Shortly after the oldest US-based bank entered the cryptocurrency space, so has done the second-oldest – State Street Corporation. The banking giant with $3 trillion in assets under management will allow the London-based Puremarkets to use its Currenex platform for digital asset trading.  Launched by Puremarkets Ltd., Pure Digital is advertised as an “interbank marketplace for cryptocurrency price discovery and exchange of wholesale risk.”   According to an announcement from...

By this moment, it has become clear that banks must buckle up, because a paradigm shift to lending is imminent. The DeFi market is rapidly taking the credit market by storm, effectively creating friction-less means of collateralizing cryptocurrencies in exchange for fiat, stablecoin, and crypto-based loans. Coupled with much lower interest fees and no bureaucratic processes, millions upon millions of dollar’s worth in crypto-secured loans are processed on a monthly...

EOS started a fresh surge above the $5.500 and $6.000 resistance levels against the US Dollar. The price is currently trading well above the $5.500 support and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $6.380 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could start a fresh increase, but the bulls might struggle above the $6.400 resistance zone. EOS price is still trading in...

Litecoin price topped near the $245 level and corrected lower against the US Dollar. LTC price is now trading well above the $200 level and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $212 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to continue higher as long as there is no daily close below the $205 zone. Litecoin price is showing positive signs above $212 against the US...

Cryptocurrency regulations across different countries continue to be a hot topic, and Spain is the latest to join in. The nation’s watchdog has asked industry participants, investors, and consumers for their opinion, and they have until April 16th to respond. Spain’s Regulator Looks for Crypto Legislation According to a report from La Informacion, The National Securities Market Commission (CNMV), Spain’s watchdog overseeing the securities markets, has initiated the first...

The cryptocurrency arena has reached a new pinnacle. The industry has a total market cap now exceeding $2 trillion. The news comes after several of the world’s leading altcoins – including Ethereum, Litecoin, Ripple’s XRP and Binance Coin – spiked to new highs after bitcoin once again neared the $60,000 per unit range. Ethereum and Other Coins Have Jumped Heavily The cryptocurrency industry’s market cap has so far more than doubled what it was at the beginning of the...

The completion of the Series D funding round comes a few months after the merger between Visa and Plaid was canceled.Plaid Inc, a financial service company that connects banks and fintech firms, has announced the completion of its Series D funding round with $425 million, hereby raising its valuation to $13.4 billion.Notably, Plaid intends to use the newly raised funds to further develop infrastructure to scale its market venture. “Today we’re excited to share that we’ve raised a $425m Series...

A week prior to its direct listing on NASDAQ, Coinbase has posted preliminary Q1 data indicating a massive increase in its userbase and revenue. The trading volume has increased by nearly 300%, the revenue is about $1.8 billion, and more than 11% of all crypto assets are stored on the platform. Coinbase’s Record-Breaking Q1 The largest US-based cryptocurrency exchange published its Q1 results yesterday, showing a substantial growth in every area compared to previous...

[PRESS RELEASE – Please Read Disclaimer] Today, we are excited to let you know Raze Network partners with UNION, a technology platform that combines bundled protection and a liquid secondary market with a multi-token model. Under the UNION system, DeFi participants are able to manage their multi-layer risks across smart contracts and protocols in one scalable system. UNION also aims to decrease the entry barriers for retail users and lays the foundation for institutional...

The $20 million venture capital firm makes its first allocation in FinTech payment platform COTI offering financial solutions to the crypto community.On Tuesday, April 6, Cardano’s venture capital fund cFund made its first investment of half a million dollars in payments firm COTI. Cardano has earned a name for itself in the industry and its native cryptocurrency ADA is now the sixth-largest crypto with a market cap of $38.5 billion.Cardano launched its cFund platform last year in July 2020....