Cryptocurrency Analysis and News Portal
The Commodity Futures Trading Commission’s (CFTC) Commitments of Traders report released on Friday showed leveraged funds held a net short position of 31,000 contracts in the seven days to Oct. 19, marking an increase of 6,000 from the previous week. Source
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Amid the ongoing rally of Binance’s native token, Binance Coin (BNB), the developers of Binance Smart Chain (BSC) have proposed more measures to maintain the token’s deflationary model and improve its intrinsic value.According to a new Binance Evolution Protocol, BEP-95, BSC developers are considering introducing a real-time burning mechanism for
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A non-fungible token (NFT) game called MonkeyBall has raised $3 million as the latest experiment in the surging “play-to-earn” sector, where gamers reap crypto rewards for their time.The soccer game is being developed with the Unity game engine on the Solana blockchain in a bid to be a high production
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With the future of decentralized finance (DeFi) increasingly appearing to be multi-chain, the need to shuttle assets between blockchain networks has never been higher.The bridge market, however, is largely dominated by centralized solutions or a handful of decentralized incumbents – a state of affairs one startup is looking to disrupt.Symbiosis
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Animoca Brands, a Hong Kong-based blockchain gaming, metaverse and non-fungible token (NFT) company, has closed a capital raise for US$65 million at a pre-money valuation of US$2.2 billion, according to a company statement. Fast facts Investors in the round included Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Token Bay Capital
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Multicoin Capital, an investment firm focused on cryptocurrency and blockchain companies, is planning to raise $250 million for a third crypto-focused venture fund, according to an article by The Information.The company, based in Austin, Texas, intends to complete the raise by the end of 2021, according to the story, which
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The cryptocurrency is currently trading marginally lower on the day near $57,300, having earlier touched a five-month high of $58,500. It is up 30% this month, though, buoyed by increased expectations that the U.S. Securities and Exchange Commission will soon approve a futures-based bitcoin exchange-traded fund (ETF). Source
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“The question is, can we come to consensus on that together, in sort of a decentralized manner, rather than leaving it up to an organization to be the arbiter of truth?” suggested Kabessa. “Can we reward and recognize curators better, such that we come to a better social consensus on
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European soccer non-fungible token (NFT) platform Sorare is continuing its growth with a slew of new hires. The company announced Thursday Ryan Spoon has been appointed as chief operating officer, bringing experience from BetMGM and ESPN.Michael Meltzer, who previously worked for sports betting site DraftKings, will be the company’s new
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Stader Labs, a cryptocurrency staking management platform, has today announced a $4 million financing round to accelerate development across multiple blockchains including Ethereum, Near and Polkadot, as well as broadening its marketing campaigns.The funding raise was conducted by Pantera Capital, with participation from a prominent number of venture capital funds,
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