Cryptocurrency Analysis and News Portal
Bitcoin (BTC), the leading cryptocurrency by market value, fell 2% to $16,950, extending a retreat from the one-month high of $18,300 reached Wednesday. Ether (ETH), the second-largest cryptocurrency, fell 4.3% to $1,210, hitting the lowest since Nov. 29, CryptoX data show. Source
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Cryptocurrency exchange-traded products are gaining traction due to their benefits to investors. These products expose investors to the crypto market without owning the underlying asset. Investing in ETFs allows users to enjoy institutional custody and transparent and simplified trading through brokerage accounts. Crypto assets are highly volatile, with complex trading rudiments.
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The round was led by Fenbushi Capital U.S., and other crypto investors and family offices, the firm said on Twitter. Singapore's investment fund Temasek, heavyweight venture capital firm Sequoia Capital China and Coinbase Ventures have previously invested in Amber Group, according to information platform Crunchbase. Source
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Crypto exchange FTX petitioned a federal court for permission to sell several subsidiaries on Thursday, including U.S.-based derivatives wing LedgerX. Source
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The funding was led by Blockchain Capital, Foundry Group, Rho, IOSG Ventures, Robot Ventures, Fenbushi Capital, HackVC, Industry Ventures and others, and the financing will accelerate Blocknative’s initiatives in the block building market in the Ethereum ecosystem. Original Source
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The Canadian Bitcoin (BTC) mining firm Bitfarms is facing compliance challenges over its listing on Nasdaq due to the ongoing cryptocurrency winter.Bitfarms received a warning notification from Nasdaq on Dec. 13 because the company’s share price has stayed below $1 for 30 consecutive working days.Announcing the news on Dec. 14, Bitfarms
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The non-U.S. FTX customers, led by Eversheds Sutherland attorneys Sarah Paul and Erin Broderick, had already formed the first FTX ad hoc group, and as an official committee, would be granted additional consultation and approval rights within the Chapter 11 case, including being entitled to payment of professional fees by
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The Maryland-based mining company also said it has restructured a previous agreement with Bitmain to add 8,200 new machines to its fleet. Source
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The Series A round was led by Polychain Capital and also included SinoGlobal Capital, Morgan Creek and Balaji Srinivasan. Original Source
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Coinbase, one of the largest cryptocurrency firms in the industry, has published a blog post that tells users to “switch to the trusted and reputable digital dollar,” referring to the stablecoin asset usd coin. The company’s blog post specifically mentions switching the stablecoin asset tether over to usd coin, and
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