Kraken, a San Francisco-based exchange with more than 60 trading pairs for 20 different cryptocurrencies, announced Monday that it has acquired Crypto Facilities, a London-based regulated crypto trading platform and index provider, in a “nine-figure deal.” Kraken acquires Crypto Facilities, positioning itself as the world’s first crypto spot and futures exchange! https://t.co/W4Xr1XNPpQ — Kraken Exchange (@krakenfx) February 4, […]
SludgeFeed
TRON Up by Over 100% in 1 Month: Can BitTorrent Token’s Success Push it Further Up?
In the past 30 days, the valuation of the crypto market dropped from $ 138 billion to $ 114 billion by $ 24 billion. Yet, TRON (TRX) recovered from $ 0.0127 to $ 0.0264, by well over 107 percent. Since December 17, in about five weeks, the Tron price demonstrated a strong gain against both Bitcoin and the U.S. dollar following a series of positive announcements. Most recently, BitTorrent Token, the native cryptocurrency of the BitTorrent ecosystem, initiated a token sale on Binance Launchpad and all of the tokens sold out within minutes. Could BitTorrent Pave the Path Towards the Success of TRON On January
Flying High: Boeing Shares Soar 6.5% as Company Reveals Record $100 Billion in Sales in 2018
Shares of aviation giant Boeing Co. surged on January 30, after the aerospace contractor reported that its earnings and profits for the fourth quarter of 2018 were significantly higher than expectations of Wall Street analysts. Amongst other things, this report provided a rather upbeat outlook for the 2019 financial year. According to the company’s reported earnings, net income grew to $ 3.42 billion, up from the $ 3.32 billion that was reported the previous year. Also, adjusted earnings per share rose from $ 5.07 to $ 5.48. The company’s revenues for the quarter stood at $ 28.34 billion as well, significantly beating the $ 1 billion
Ethereum Price Struggles to Hold above $100 as Crypto Winter Grows More Frigid
Since our last crypto market round-up report on Friday, the climate has changed significantly for at least one major cryptocurrency: Ethereum. All eyes are on Ether as it pushes closer and closer to the $ 100 mark. Bitcoin, meanwhile, briefly crossed the threshold of $ 3,400. By most accounts, the Bitcoin price is working on a test of the $ 3,000 mark, which is both a psychological and market indicator. Bitcoin Price Likely to Test $ 3,000 The Bitcoin price‘s 3-day chart looks a bit hellish if you’re a bull in this cold weather. Bitcoin has lost $ 200 over the past three days. Average users
Algo Capital Announces $100 Million Blockchain Startup Fund
Algo Capital, a venture capital firm that is investing in startups building on the decentralized Algorand blockchain platform, announced this week that it has launched a $ 100 million ecosystem development fund for the next decade. Unveiling a 10 year plan to incubate real businesses on @Algorand, AlgoCapital announces a $ 100M ecosystem fund. Rivalling @dfinity's $ 40M […]
SludgeFeed
Intel and ESL Extend Esports Partnership With $100 Million Investment
Computing giant Intel (INTC) has extended its partnership with ESL, the world’s largest esports organizer and production company, and $ 100 million will be invested by the companies to shape the future landscape of esports over the next three years. We are proud to announce the extension of our partnership with @Intel. Over the next three years, […]
SludgeFeed
Bitcoin on the Brink: Will The Crypto Market Go Under $100 Billion?
The crypto market has faced a lot of downward pressure the past few weeks and, as we reported yesterday, so is everything else. Indeed, the week saw an overall 3+% loss in the Dow Jones Industrial Average, and no other exchanges were performing well, either. It’s just a bad time to be a bull, it
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TRON (TRX) Announces $100 Million Blockchain Gaming Fund
TRON (TRX) announced a massive $ 100 million blockchain gaming development fund on Thursday, designed to spur game development on the TRON network. Proud to unveil #TRONArcade, our 100 Million USD Game Fund! This new initiative will revolutionize both #gaming and #blockchain industries. Let’s build the next generation of games together! $ TRX https://t.co/xl1Ynuminf pic.twitter.com/U5KwZwNcAR — Justin Sun […]
SludgeFeed
$63 Billion Deleted From Crypto in 7 Days, Ethereum Drops Under $100
In the past seven days, the crypto market has experienced a drop of more than $ 63 billion, as major cryptocurrencies recorded double-digit drops. Bitcoin (BTC), the most dominant cryptocurrency in the market, fell by 12 percent from $ 4.300 to $ 3,800, achieving a new yearly low. At its lowest daily point, on fiat-to-cryptocurrency exchanges like Coinbase
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Bitcoin Market Cap Slides Below $100 Billion as BCH Fork Spooks Investors
It has been more than 24 hours since bitcoin scared investors with a sudden 10 percent drop. But there hasn’t been a concrete recovery action — yet. The bitcoin-to-dollar exchange rate has surged 2.21 percent from its previous low at 5291-fiat, now trading at 5408-fiat. The coin’s market cap has risen likewise but remains below
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Up $100: Bitcoin Price Indicators Grow Increasingly Bullish
Bitcoin looks likely to inch higher toward $ 6,800 in the near-term, as the technical indicators have grown increasingly bullish in the last 24 hours.
CoinDesk
Strong Demand: Crypto Hedge Funds are Still Raising $100 Million+
Throughout 2018, the cryptocurrency market has lost 75 percent of its valuation. Yet, crypto hedge funds are raising hundreds of millions of dollars from accredited investors and institutions. On November 1, CCN reported that Grayscale Investments, a subsidiary company of cryptocurrency venture capital behemoth Digital Currency Group, raised more than $ 330 million from both
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5 Altcoins Under $100 Million That Continue to Outperform
It’s been an ugly year for altcoin traders, as the vast majority of coins have lost close to 95% of their value in the ongoing 2018 bear market. However, the recent string of mainnet launches, coupled with numerous altcoin listings on Coinbase, have worked to partially rejuvenate interest in smaller cap digital currencies. For investors more […]
SludgeFeed
Bitcoin’s Current Run of $100 Price Volatility is the Longest for 18 Months
Bitcoin has been trading in the very narrow range of $ 100 for seven days – that’s the longest run at such low volatility since April 2017.
CoinDesk
Ethereum Classic (ETC) Can Easily End The Year Above $100
Ethereum Classic (ETC) is highly likely to trade north of $ 100 by end of the year. This does not require a very bullish Bitcoin (BTC). In fact, if Bitcoin (BTC) trades around $ 10,000, that would do the job for Ethereum Classic (ETC). Considering that we still have approximately eighty days till the end of the year, Bitcoin (BTC) might easily reach that level. These are very conservative targets for both Ethereum Classic (ETC) and Bitcoin (BTC). If we see an influx of new capital in the cryptocurrency markets as expected, the situation could be a lot different. If Bitcoin (BTC) reaches a price of $ 25,000 by end of the year as predicted by Tom Lee of Fundstrat, Ethereum Classic (ETC) could reach a price of $ 500.
New $100 Million Crypto VC Fund Aims to Bridge Asia With the West
Alexander Pack, a crypto asset investor based out of Silicon Valley, has teamed up with Bo Feng, one of China’s most experienced investors, to create Dragonfly Capital Partners, a new $ 100 million venture capital fund targeting the digital asset industry. Our new venture fund for the decentralized economy.https://t.co/2qggpGW2BP — Alexander Pack (@alpackaP) October 9, 2018 According […]
SludgeFeed
BofAML: $100 Oil Is a Threat to Global Economic Growth
A recent report by Bank of America Merrily Lynch asserts that rising oil prices stand as a non-trivial threat to global economic growth. If oil prices head above $ 100 a barrel, it could reduce global growth as much as 0.2 percentage points next year, according to the report. However, this outcome is largely dependent on the […]
SludgeFeed
The Bitcoin Price Could Go Down to as Little as $100, Fintech Expert Claims
Some have said Bitcoin’s price has hit its bottom and could only go higher, even being bold enough to say that it could go back to its $ 20,000 highs by the end of the year. However, according to one fintech and forex expert, the price of Bitcoin can only get worse. Polish fintech expert who works with Aforti Exchange believes that the Bitcoin evolution, especially over the period between December last year and February this year, is a classic speculative bubble. Even though there have been recoveries over the year, consumer interest and the accompanying trade volume has been steadily declining.
‘Ripple for Good’: Ripple Commits $100 Million to Social Giving Program
Blockchain payments giant Ripple has formally announced its social impact program ‘Ripple for Good’, with donations to exceed $ 105 million for a number of projects already underway. In an announcement today, the San Francisco-based fintech firm said the social giving program will focus on educational projects that further financial inclusion around the world. Ripple for
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Bitcoin Price Could Crash to $100, Claims Forex Analyst
There’s something about a prolonged cryptocurrency market downturn that leaves bears jockeying to be the one to twist the final knife in bitcoin’s battle-scarred back. The latest jab comes from Marek Paciorkowski, a financial market analyst at Polish forex platform Aforti Exchange S.A. Speaking in an interview with Romanian financial publication Business Review, Paciorkowski speculated
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