Tag Archives: News

ADA price is trading in a bearish zone below the $0.255 support zone against the US Dollar. The price is now trading below $0.250 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.2485 on the 4-hour chart (data feed via Coinbase). The price could continue to move down if it stays below the $0.255 resistance zone. Cardano price is struggling below $0.255 against the US Dollar, similar to Bitcoin. ADA price...

Ethereum price is struggling below the $1,620 resistance against the US Dollar. ETH price is now trading below $1,600 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $1,600 on the 4-hour chart (data feed from Coinbase). The pair could continue to move down if it stays below $1,600 and $1,620. Ethereum price is declining below $1,600 against the US Dollar. ETH/USD remains at a risk of more downsides if it...

Satoshi Nakamoto is the pseudonymous creator of bitcoin, the world’s number one digital currency by market cap. Everyone in the crypto community has admiration for this man (or woman). They see him (or her) as the revolutionary creator of an asset that could change the way the world does finance, but according to Brad Sherman – a congressional democrat from California – Nakamoto is a fraud and not very innovative. Brad Sherman Isn’t a Crypto Fan In a recent...

11 members of a drug operation have been arrested and jailed after taking part in an operation through which they sold 40 kilograms of cocaine on the streets of the United Kingdom. Crypto Crime in the United Kingdom is Getting Bigger However, once they were placed behind bars, their crimes didn’t end. They got in touch with friends and family members and used them to launder their criminal funds through Coinbase, one of the biggest and most popular digital...

As a publicly traded company, Instacart will need to navigate fierce competitions. Instacart, the popular on-demand grocery delivery and pickup service has submitted an updated filing for its upcoming Initial Public Offering (IPO), revealing its ambition to raise up to $616 million in fresh capital alongside existing shareholders. Instacart IPO: Pricing Strategy In its updated filing, Instacart disclosed its intention to set an offer price for its IPO within the range of $26 to $28 per...

As part of the security token issuance (STO), Taiji Capital will raise a total of $100 million HK by selling the PRINCE tokens. This will significantly reduce the financing costs marking a major shift in real-estate investment.  In the latest development, the Taiji Capital Group is looking for a revolutionary transformation in Hong Kong’s real estate market through security token issuance (STO). Taiji Capital unveils a closed-ended fund managed by its subsidiary firm Pioneer Asset...

Blockchain technology is getting a lot of hype as of late. There are many individuals out there that believe it will be revolutionary and change the world as we know it, but there are some out there who seem to believe the notion of tokenizing assets on the blockchain is very risky. Kubli Thinks Blockchain Tokenization Isn’t a Great Idea One of those people is Ralph Kubli, a board member with the blockchain developers Casper Association. Despite labeling it the...

Within the funding round, Animoca Brands issued Simple Agreements for Future Equity (SAFEs) priced at A$4.50 each and offered a free-attaching utility token warrant on a 1:1 dollar basis to the participants.  Hong Kong-based game software company Animoca Brands Corporation Ltd has raised as much as $20 million (approximately A$31.3 million) in a funding round led by CMCC Global, one of Asia’s first venture capital investors focused solely on blockchain technology. Animoca Brands is...

On the occasion of the G20 summit, India said that it is willing to closely cooperate with all member nations to work on a clear regulatory framework for crypto. In the upcoming months, India is planning to decide its own position and stand on digital assets after proper analysis and consultations. India would obviously consider the stance of global leaders on the acceptable crypto regulatory framework. While speaking on the sidelines of the G20 summit over the past weekend, Ajay Seth,...

In an official statement on Sunday, Alibaba said that Zhang will be replaced by Eddie Wu. Alibaba Group Holding Ltd (HKG: 9988), one of the prominent players in the Chinese technology industry, faced a 3.5% decline in its stock value on Monday following a surprising turn of events on September 10. The company announced that its departing CEO, Daniel Zhang, would not only relinquish his role as chairman of the group as planned but also step down as CEO of Alibaba’s cloud business. Following...