The funding round was led by market maker and investment firm DWF Labs and gives the firm a valuation of $ 400 million.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Britain Wants To Get Ahead In CBDC Race, Here’s How
With the rise of central Bank digital currency (CBDC) emerging and proving a notable use case, several central banks across the globe have been pressured into a race to work and experiment with developing their a central bank digital currency (CBDC). On Tuesday, Bank of England Deputy Governor Jon Cunliffe said Britain is competing in the CBDC race.
This update comes months after the region announced its newly elected prime minister, Rishi Sunak, who is said to be a believer and supporter of the crypto industry. So far, Sunak has demonstrated more interest in stablecoins which has also played a massive role in Britain’s push for a digital pound.
Polygon (MATIC) Tops List Among ETH Whales Ahead Of zkEVM Launch
The Polygon network will launch its Zero Knowledge Ethereum Virtual Machine Beta by March. The community has been anticipating this launch as part of the significant upcoming development of Polygon. Also, its hype has helped push MATIC with an impressive performance over the past 30 days.
Recent reports revealed that Polygon (MATIC) had joined the Top 5,000 ETH whales’ most purchased token amid the upcoming Launch. Data by WhaleStats showed that the whales now hold up to $ 204.7 million MATIC. As a result, Polygon (MATIC) is tailing after SHIB as the second-largest token held by the top 5000 ETH whales.
Bitcoin And Crypto Face These Key Dates In The Week Ahead
Once again, this week will bring major macroeconomic data for the Bitcoin and crypto markets, which investors should pay attention to. While Bitcoin has steadily managed to break correlation with the S&P 500 and the Dollar Index (DXY) in recent weeks, it is likely that the Federal Reserve’s monetary policy will continue to have a strong impact on crypto.
And even though the week is off to a quiet start, there are two macro events this week that could be significant. First, however, the U.S. stock market begins with a day off due to Presidents’ Day, while quarterly earnings continue Tuesday through Friday.
Bitcoin Soars, Then Retreats. What’s Behind This Week’s Rollercoaster? What’s Ahead?
Its Thursday retreat notwithstanding, bitcoin has surged about 13% over the past seven days. The spike reflects investor optimism, although macroeconomic concerns remain.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Holds Steady Above $17K, US Dollar Tepid Ahead of Powell Speech
“There is much interest in whether Chair Powell, who speaks at a Riksbank event, uses the opportunity to underscore the December minutes, which pushed back against the easing of financial conditions,” one observer said.
CoinDesk
Coingecko Co-Founder Shares Thought On Forked Tokens Ahead Of ETH Merge
The upcoming ETH Merge remains a highly anticipated and hyped event in the crypto space. Also, it has created different reactions and beliefs among institutional participants. The Merge is a transition to a Proof-of-Stake consensus mechanism from Proof-of-Work. Also, the scheduled launch date is on September 15, 2022.
However, as the date for the Merge draws closer, more sentiments are building on its possible hard forks. A group of miners has been threatening to hard fork the Ethereum mainnet after merging it with the Beason Chain.
Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing
The Indian government has officially released the report by the interministerial committee tasked with proposing crypto measures. The announcement came one day before the country’s supreme court was scheduled to hear the writ petitions against the crypto banking restriction. The report contains the draft bill which proposes a ban on cryptocurrency.
Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments
Draft Bill Now Public, Supreme Court Hearing Delayed
The Indian supreme court was scheduled to hear the crypto case on July 23. It was expected to address the banking restriction by the central bank, the Reserve Bank of India (RBI). However, the case was not heard by the court on Tuesday.
Tesla Warning Ahead of Q2 Earnings as Analyst Downgrades Stock
Tesla earnings are almost here and the electric vehicle maker’s stock has been dealt another blow. Roth Capital Partners has downgraded Tesla stock from buy to hold, as analyst Craig Irwin believes that the current risk-reward ratio seems “well balanced at current levels.” Irwin told MarketWatch that Tesla is on a “viable path for meeting […]
The post Tesla Warning Ahead of Q2 Earnings as Analyst Downgrades Stock appeared first on CCN Markets
Litecoin Price Spikes Again Ahead of August Halving in 23% Spike
Even a tweet of a Litecoin-hating influencer could not stop it from registering its most profitable day in three weeks. The world’s fourth-largest largest cryptocurrency established an intraday top of $ 95 after ballooning by more than 23 percent in the previous 24 hours. The surge appeared after American football team Miami Dolphins made Litecoin (Ticker: […]
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Koinex Exchange Shuts Down Ahead of Crypto Regulation
Another Indian crypto exchange has shut down permanently due to the banking restriction and regulatory delays. The exchange cites denials in payment services and a sharp decline in trading volume resulting from the recent news of a draft bill to ban cryptocurrencies.
Also read: Indian Cryptocurrency Regulation Is Ready, Official Confirms
Koinex Shuts Down
Indian cryptocurrency exchange Koinex announced its shutdown Thursday. CEO Rahul Raj explained that “After months of uncertainty and disruption, we have regretfully decided to shut down all digital assets exchange services and operations today,” adding:
Dow Futures Rage on ‘90% Complete’ Trade Deal Hysteria Ahead of G20
Dow Jones futures launched a triple-digit rally in early trading on Wednesday as Treasury Secretary Steven Mnuchin said the China trade deal is 90 percent complete. Speaking to CNBC, Mnuchin confirmed that Trump and Xi Jinping were inching closer to a resolution with their G20 meeting just days away. After back-to-back losses on the stock […]
The post Dow Futures Rage on '90% Complete' Trade Deal Hysteria Ahead of G20 appeared first on CCN Markets
Dow Swirls in Holding Pattern Ahead of OPEC, G20, & June Data Dump
The Dow and broader U.S. stock market tread water on Monday, as traders remained on the sidelines in anticipation of a slew of high-profile events later in the week. Dow Edges Higher; S&P 500 Falls Wall Street’s major indexes hovered right around break-even on Monday, which reflected a tepid pre-market for Dow futures. The Dow Jones Industrial Average edged up 15.24 points, or 0.1%, to 26,734.37. The blue-chip index was up by as much as 87 points. The broad S&P 500 Index of large-cap stocks slipped 0.1% to 2,947.06. Losses were mainly concentrated in energy, health care, and consumer discretionary
Stock Market Forecast: 5 Factors to Watch Ahead of Trump-Xi Parley
By CCN Markets: The impending Donald Trump-Xi Jinping meeting in Japan promises to be the blockbuster event of the summer, at least so far as the stock market is concerned. As equities teeter on the cliff’s edge, investors must grapple with multiple possible outcomes when the market opens on Monday. Both the bullish and bearish scenarios could be equally dramatic for the Dow Jones and S&P 500. Here are five factors to consider as Trump and Xi gear up for their trade war parley. 1. Wall Street Betrays Rabid Desire to Pump Stock Market Higher One of the most extraordinary
Trade Alert: NEO (NEO) Hits 1-Month High Ahead of DevCon 2019
The price of NEO (NEO), a Chinese-based blockchain platform, hit a 1-month high today as the project prepares for the upcoming Seattle DevCon event on February 16. NEO is now up 17.3% over the last week to $ 8.39, bringing the project to a $ 545.4 million market cap. Seattle DevCon 2019 Significant interest surrounds the upcoming […]
SludgeFeed
Bitcoin Price Analysis: Buckle up Bulls, More Losses Lie Ahead
The bitcoin price on Monday depreciated as much as 4.74 percent against the US dollar after breaking out of its two-week long consolidation period. At 20:00 UTC on Coinbase, BTC/USD was trading at $ 3,415, down 3.31 percent from today’s opening rate. The pair confirmed a downside break of its near-term bearish pennant formation. As it did, it also broke below a crucial support level at $ 3,460, which had capped a strong downside action on November 25, 2018. Bitcoin’s Technical Outlook Remains Weak Technically, the breaking of a bear pennant formation to the downside signals an extended selling action. It eventually
Overstock Blockchain Fund Shuffles Management Ahead of tZERO Launch
Overstock has promoted Joel Wright to chief operating officer of Medici Ventures, the company’s blockchain venture fund.
CoinDesk
Ivanka Trump Dominating World Bank Presidency Story, but Do Bigger Concerns Lie Ahead?
News emerged from the White House on Monday that Ivanka Trump, daughter of US President Donald Trump, is to play an essential role in the identification of the US candidate for the recently vacated position as World Bank President. There are reports circulating that Ms. Trump herself has been under consideration for the role. These
The post Ivanka Trump Dominating World Bank Presidency Story, but Do Bigger Concerns Lie Ahead? appeared first on CCN
Robinhood Makes Hiring Efforts Ahead of UK Expansion
According to a report by Techcrunch, Robinhood, the zero fee trading company based in the United States, is making plans to open an office in London and it has started recruiting to that effect. Various sources in and within London’s FinTech market have confirmed that Robinhood, which was launched back in 2013 and is valued
The post Robinhood Makes Hiring Efforts Ahead of UK Expansion appeared first on CCN
Dow Rally Plows Ahead as China Trade Optimism Grows
Stock indices including the Dow traded higher after Wednesday’s open and were on track for their fourth consecutive daily advance, as sentiment around U.S.-China trade negotiations improved following the conclusion of mid-level talks in Beijing. Recovery Continues All of Wall Street’s major indexes were holding onto firm gains as of mid-morning, with the Dow Jones
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