Amidst the stratospheric rise of defi and heightened demand for unique and innovative solutions, the global community of angel investors and VC firms is continuously engaging in private funding rounds and token sales. The resulting flood of capital demonstrates that entrepreneurs and startups play their part in developing a new generation of blockchain technology. Balancer
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Seattle-based mining software company Luxor has closed a Series A funding round led by institutional Bitcoin technology and financial services firm NYDIG. Luxor announced the $5 million funding round on June 9, adding that NYDIG will collaborate with Luxor on a number of mining-related ventures and hashrate-based products. Also participating in the equity round were
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Sovryn, a BTC money market protocol built on Bitcoin-based smart contract platform RSK, recently appeared to be shooting up through the decentralized finance rankings. On June 9, Bitcoin commentator, Anthony Pompliano, shared data to his one million followers from decentralized finance data aggregator, DeFi Llama, indicating the protocol had amassed a total value locked (TVL)
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New submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror Trading International (MTI) CEO Johann Steynberg and others to perpetuate the Ponzi scheme. Undeclared Losses In its report filed with the South African court, the regulator
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China’s stance towards decentralized cryptocurrency trading appears to be getting even tougher. Chinese journalist Colin Wu and crypto news site 8BTCnews have both claimed that as of June 9, search results for some of the world’s leading cryptocurrency exchanges are pulling up zero results. Cointelegraph’s staff in China have themselves searched for cryptocurrency exchanges on the
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Democratic Senator Elizabeth Warren did not mince words when it came to criticizing crypto, but seemed to consider a federally-backed digital currency as a possible solution to address problems around financial inclusion in the United States. At a Wednesday session of the Senate Banking Committee discussing a U.S. government-backed central bank digital currency, or CBDC,
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Bloomberg Intelligence senior commodity strategist Mike McGlone believes bitcoin is “more likely” headed for $40K instead of $20K after discussing the possibility of capitulation in a recent tweet. McGlone’s opinion follows a number of predictions that say bitcoin could drop to the $20K zone if there’s more pullback in the cards. Bloomberg Commodity Strategist Suggests
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United Kingdom-based fund manager Ruffer liquidated its $600M Bitcoin bet after growing nervous about the speculative frenzy in the cryptocurrency market, including huge rallies in meme-based tokens like Dogecoin (DOGE). The fund, which manages roughly $34 billion for wealthy clients and charities, started selling its cryptocurrency stash in December 2020, when the BTC/USD exchange rate
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United States foreign exchange company Interactive Brokers will offer direct cryptocurrency trading to clients within months, a report says. Speaking at the Piper Sandler Global Exchange & FinTech Conference on June 9, founder Thomas Peterffy revealed that the firm had opted to enter the crypto market. Demand fuels latest crypto uptake Quoted by CNBC, Peterffy hinted
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Bitcoin (BTC) is “more likely” to hit $40,000 than $20,000, Bloomberg argues as the largest cryptocurrency gains 6% in a day. McGlone eyes “enduring bull market bottom” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reclaiming the $35,000 mark amid new bullish forecasts from analysts. In a tweet on Wednesday, Mike McGlone, senior commodity strategist at
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