Cryptocurrency Analysis and News Portal
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Wrapped Bitcoin, the bitcoin-backed token on Ethereum now worth over $2 billion, has seen an increase in burns (or “unwrappings”) by some of its largest users as the Ethereum-based decentralized finance sector continues to cool.BitGo clients like Three Arrows Capital and Alameda Research are exchanging an increasing amount of their
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In the midst of the crippling price dips earlier this week, cryptocurrency traders seemed beset on all sides by fear, uncertainty, and doubt. However, Dermot McGrath, head of research at blockchain investment firm Sino Global Capital, said the firm prefers taking a long term view. Shortly after a Thanksgiving Bitcoin dip
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Ethereum is exploding higher despite a strong Bitcoin correction just hours ago. The price of Bitcoin fell as
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Cryptocurrency investigation firm Chainalysis expects to raise $100 million venture capital at a $1 billion valuation as early as next week, the company told Forbes. The Series C is being led by VC newcomer Addition with participation expected from Accel, Benchmark and Ribbit, Forbes reported. Those three firms have all
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This new partnership between GDA Capital and Elitium is expected to provide great new working opportunities.On November 10, reports emerged that the GDA Group’s capital markets arm, Global Digital Assets (GDA Capital), and Elitium (EUM) had agreed on a strategic partnership. This new alliance will enable the two firms to
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Another billionaire investor disclosed his bitcoin bags. The Silvergate Exchange Network added another exchange member. Riot Blockchain, a publicly traded bitcoin mining firm, recorded bumper revenues with plans to expand.Top shelfBillionaire’s bitcoinBillionaire U.S. investor Stanley Druckenmiller, who just weeks ago was said to be shorting the dollar, is long on
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Texture Capital is preparing to launch a digital securities trading hub for private capital markets after getting the green light from a U.S. financial regulator.With its Financial Industry Regulatory Authority (FINRA) broker-dealer registration and alternative trading system go-ahead, revealed to CryptoX Tuesday, Texture moves closer to taking its issuance marketplace
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Two Beijing-area regional bodies – the Beijing Local Financial Supervision and Administration and the Tongzhou District government – held a conference Monday that made note of the People’s Bank of China (PBoC) Digital Currency Research Institute’s plan to build a legal digital currency test zone and digital financial system in
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Bitcoin recently exploded above $13,000 and came dollars way from setting a higher high and confirming a new
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