Cryptocurrency Analysis and News Portal
Bitcoin’s price plummeted over 10% on early Tuesday, as El Salvador announced that it would officially accept the major cryptocurrency as the nation’s legal tender. According to CoinMarketCap, Bitcoin’s slump from Monday accelerated as the crypto failed to hold its $50,000 price level — sliding from $51,000 to $44,700 within a
Read More
Offchain Labs, the team behind the highly anticipated Ethereum layer two platform, Arbitrum One, has completed the public mainnet launch of its optimistic rollups solution.Announced on Aug. 31, Offchain Labs also revealed that it has secured $120 million in a Series B fundraising round. The round was led by Lightspeed
Read More
Thailand's Bank of Ayudhya (BAY) – in which Mitsubishi UFJ Financial Group (MUFG) holds a 76.9% stake – participated in the latest funding round for the Asia-Pacific-focused crypto exchange Zipmex.The $41 million raise, which saw the participation of two publicly traded Thai media firms and overseas VC funds in addition to
Read More
Japanese cryptocurrency exchange Liquid has secured $120 million in debt financing from FTX Trading after suffering a nearly $100 million hack last week.Announcing the news Thursday, Liquid Group and FTX Trading — the owner and operator of crypto exchange FTX — said that the new funds will help Liquid improve
Read More
Interchain, decentralized liquidity booster OpenSwap today announced the successful conclusion of its latest funding round after raising $1.5 million. OpenSwap Raises $1.5 Million in Latest Funding Round OpenSwap, the cross-chain DeFi Hub and liquidity booster for traders seeking concentrated and capital-efficient liquidity for trades today announced it had raised $1.5 million in
Read More
Regulatory concerns surrounding Binance.us and its owner, Changpeng Zhou (CZ), have reportedly culminated in investors backing out of a $100 million funding round.The failed funding round also prompted Binance.us CEO Brian Brooks' surprise decision to step down after serving as its executive for just three months. Brooks, the former Acting Comptroller of the
Read More
Blockchain security firm CertiK has concluded a $24 million funding round as part of its ongoing efforts to expand its product and security offerings for the decentralized finance, or DeFi, sector. The funding round, which was co-led by Tiger Global and GL Ventures, comes on the heels of the successful launch
Read More
Solana blockchain’s native asset, SOL, soared to a new record high on Monday.The SOL/USD exchange rate rose by 26.12% to $65.467 on the Binance exchange after traders assessed a flurry of infrastructural developments in the Solana ecosystem, including a recent $70-million crowdfund to support its blockchain-powered decentralized exchange, Mango Markets.Solana
Read More
Popular social media platform Reddit has gained $4 billion in value since its last funding round earlier this year in February.Six months ago the firm raised $250 million in Series E funding at a valuation of $6 billion. In the latest move, Reddit announced a Series F funding round on
Read More
Already classified as a unicorn startup, United States-based cryptocurrency tax software developer TaxBit now has a valuation of more than $1.3 billion after a recent funding round.According to a Thursday announcement, IVP and Insight Partners led a $130 Series B funding round for TaxBit with participation from Bitcoin bull Anthony
Read More