Cryptocurrency Analysis and News Portal
As supply-chain woes continue and the U.S. dollar battles to fight back inflation concerns, crypto remains an alluring port in the current financial storm. The recent approval of the first Bitcoin (BTC) futures-linked exchange-traded fund (ETF) to trade on both the NYSE and Nasdaq from asset managers ProShares and Valkyrie
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If blockchain technology is going to become the backbone of a new financial infrastructure, some company will have to serve as an intelligence hub for its data – storing the world’s information and making it useful, as the old Google saying goes.With a $75 million raise backed by some of
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Crypto assets currently pose limited risks to the stability of the U.K. financial system, the Bank of England said in its Financial Stability Report, released Monday. But their pace of growth means they could become more dangerous as they become increasingly linked to wider financial networks. Source
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While the non-fungible token (NFT) economy has exploded in value, another sector of the NFT industry called fractionalization has seen immense growth. A bunch of projects today are dealing with fractional NFTs, which are basically NFT assets chopped into a number of pieces and shared among a community of holders.
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Despite the regulatory limitations, not all Kazakh miners have abandoned hope. Some think that if failing power plants come back online, KEGOC’s electricity rationing policy will improve. Others hope that if they develop their own renewable energy capacity, they will be able to start growing again. Source
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Galaxy Digital Holdings Ltd. has revealed the firm is looking to raise $500 million in an exchangeable senior note offering. The investment company, founded by billionaire investor Mike Novogratz in January 2018, aims to use the funds to “accelerate growth initiatives across its business lines.” Galaxy Reveals Exchangeable Senior Note Offering The
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Gemini, the regulated cryptocurrency exchange founded by the Winklevoss Twins, has raised $400 million in its most recent growth equity funding round. This financial round gave it a valuation of $7.1 billion, being one of the most valuable exchanges in the crypto world. The financial round, led by Morgan Creek,
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Growth Ecosystem, a primary DeFi cross-chain farming protocol, has finally launched on Avalanche, one of the world’s fastest-growing blockchain ecosystems. The Growth Ecosystem launched on November 13, with a revolutionary new hybrid bridge system for its incentives token, $WHEAT, as well as a self-repaying loan feature for its overcollateralized stable
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The top cryptocurrencies by market capitalization keep changing over time as the industry matures. Solana (SOL) has seen its value skyrocket so far this year and has been consistently processing over 2,500 transactions per second.The cryptocurrency’s price, according to TradingView data, is up nearly 13,000% year-to-date as the year started
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Indian crypto exchange WazirX reported a significant growth in its user base and trading volume over the year. They claimed the platform’s user base grew to 10 million during 2021, which represents a tenfold increase. WazirX’s 2021 trading volume to date has been around $38 billion, CryptoX reported, with a month-over-month
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