Tag Archives: social

The New York-based giant Digital Currency Group sold $700 million worth of shares in a secondary sale in a deal on Monday led by some high-profile participants such as SoftBank, Alphabet Inc’s Capital G, and Ribbit Capital. With this, DCG becomes the latest’ decacorn in the crypto space. The secondary round, which valued the company at $10 billion, witnessed the existing investors selling shares to new backers. DCG is not only the parent company of crypto-media platform...

Bitcoin’s price could add 60% of value in the next 30 days to close just shy of $100,000, predicted the analyst behind the popular stock-to-flow model, PlanB. He was spot on in regards to the September BTC close price and was agonizingly close in October. Bitcoin to Near $100K By November’s End? PlanB is among the most popular analysts in the cryptocurrency community, best known as the person behind the stock-to-flow model. It sees the stock as the size of existing reserves...

SQUID officially left the game. These, amongst others, are some of the reactions to what happened moments ago to one of the most widely-discussed tokens for the past couple of days – Squid Game (SQUID). The SQUID price tanked today – it’s down 99.99%, according to CoinMarketCap. The price of the cryptocurrency dropped from above $2,800 to $0.005 in a single red candle, indicating that what many thought to be inevitable happened – the project got rugged. A rug pull means that...

Retail investors have always played a major role in the cryptocurrency space, but it seems they are yet to arrive at the Bitcoin scene now; at least, this is what Google searches show for the largest cryptocurrency. Simultaneously, it seems they have a new favorite – Shiba Inu. Retail Are Not Here for Bitcoin Bitcoin and retail investors have frequently moved hand in hand. Back in 2017, when the cryptocurrency charted its then ATH of $20,000, smaller investors were primarily...

A new report by the San Francisco-based cryptocurrency exchange Coinbase revealed that its venture arm (Coinbase Ventures) had completed a total of 49 investments in the Q3 of 2021, averaging a new deal almost every two days. The figures have increased by 28 investments made in the previous quarter and 24 in the first quarter of the year. The Ventures portfolio size, as of Q3, featured more than 200+ organizations and projects. Coinbase Ventures’ Growth Trajectory It is...

October 31, 2008, marks the birth of Bitcoin as we know it today after Satoshi published a paper titled: Bitcoin: “A Peer-to-Peer Electronic Cash System.” The Bitcoin whitepaper explains the problem with centralized electronic payment systems like banks and financial institutions while also proposing how a tamper-proof, decentralized peer-to-peer protocol solves the issue. Put simply, Satoshi’s solution in the paper was to completely eliminate the centralized third-party...

After another failure at $63,000, bitcoin has headed south and is close to testing $60,000 once more. Most alternative coins have also bled out in the past 24 hours, including a substantial drop for Dogecoin and Shiba Inu. Will BTC Retest $60K? The primary cryptocurrency went through a roller-coaster on Thursday when it plummeted from $61,500 to $56,500 in minutes. This came after recovering from the latest sub-$60,000 price slump. However, the asset bounced off just as...

Following Coinbase’s numerous mainstream marketing initiatives, consumers are demonstrably taking notice. The leading US crypto exchange’s mobile app is once again the most popular product in the App Store. It has received more downloads than any other application in the past few days. Coinbase Reigns Supreme A recent look at App Store statistics shows Coinbase as the #1 ranked free app right now. Behind it are the likes of TikTok, Instagram, YouTube, and the newly popular...

Tinkoff Investments – the online brokerage portal of the Russian bank Tinkoff – could turn its sight towards the digital asset industry due to increased customer demand. However, the institution’s director Dmitry Panchenko added that the idea is still at its early stages as Russia doesn’t have the most crypto-friendly legislation. Following The Evolution According to the local media TASS, Tinkoff Investments could enable cryptocurrency services to its clients soon. The head...

The cryptocurrency market is an exciting place. Up until a couple of days ago, meme coins such as Shiba Inu (SHIB), Floki Inu (FLOKI), and a ton of other Dogecoin derivatives were popping off charting three-digit increases daily. Now, it seems that tokens associated with the play-to-earn business model are the ones taking center stage. CryptoPotato reported yesterday that P2E tokens are surging following Facebook’s announcement that it will be rebranding to Meta. Mark...