Markets

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....

The bears had the upper hand in today’s trading session as markets are red across the board. Bitcoin’s price dipped to $55,600, causing a serious number of liquidated long positions. Bitcoin’s price took a turn for the worst today and declined from an intraday high of around $58,600 to a low of $55,600, losing $3,000 from its dollar value. At the time of this writing, the price hovers indecisively around $56,000. BTC/USD. Source: TradingViewThe entire cryptocurrency market...

A Twitter user, however, countered Allaire’s opinion on USDC and PayPal.The CEO and co-founder of Circle Jeremy Allaire is confident in the USD Coin (USDC) and believes that the coin is about to exceed PayPal Holdings Inc (NASDAQ: PYPL). According to Allaire, Circle’s USDC is on the way to surpass the payments giant in the value of transacted dollars. At the time of writing, USDC is ranked 14th on CoinMarketCap and is up 0.05% to $1.00. With a market cap of over $10 million, the stablecoin...

[PRESS RELEASE – Please Read Disclaimer] With the recent launch of CryptX Terminal, the company’s newest crypto product, Bolkvadze spoke about the advantages of using automated trading strategies, especially now when the market is fluctuating from moment to moment. “More than ever, it’s essential to be able to follow price trends and quickly execute trades at any time of day or night.” He also noted that the Arbitrage bot has been the most popular tool from the outset....

It is expected that the anticipated entry into the Indian market as well as its proposed self-driving taxis are a good sign that may help justify the current Tesla stock price.Craig Irwin, a senior research analyst at Roth Capital Partners has weighed in on the massive valuation of American electric vehicle maker Tesla Inc (NASDAQ: TSLA) and its stock price, noting the company’s stock is overvalued and should be worth only $150. As reported by CNBC, Irwin said that Tesla is a “minor player”...

[Featured Content] Decentralized exchanges and automated market makers have taken a central stage in DeFi and the entire cryptocurrency industry, in general. Looking at DeFi Pulse data, Uniswap is currently the third-largest protocol based on total value locked in it, eyeing a whopping $6 billion. Sushiswap is also in the top 10, and it boasts over $4 billion in TV. This says that the market is ripe for solutions of this kind as investors look for additional means of...

Tron price started a fresh rally from the $0.0800 support zone against the US Dollar. TRX price is now trading above the $0.1000 support and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.1050 on the 4-hours chart (data feed via Bitfinex). The pair is likely to resume higher if it clears the $0.1300 and $0.1420 resistance levels in the near term. TRON price is trading in a positive zone above $0.1000 against the US...