Fundamental Labs was the lead investor for a seed funding round in which Binance.US, a cryptocurrency exchange, raised $200 million total. Fundamental Labs invested $20 million based on a $4.5 billion pre-money valuation. Binance plans expansion and new product offerings with the $200 million injection. Fundamental Labs, a blockchain-focused venture capital firm, took the… Read More »
2021 was a rough year for the people of Turkey, as the country experienced rapid devaluation of its currency, the lira. Things haven’t improved in 2022 as the lira has suffered since Russia invaded Ukraine as sanctions and export bans have resulted in soaring commodity prices. According to official government reports, Turks are now… Read More »
What is Binance Smart Chain? Since it came on the scene in 2017, Binance has gone from a crypto exchange with an ERC-20 asset to an ecosystem of components housed under the Binance brand name. Binance has produced products and solutions to serve a number of purposes, such as crypto loans and peer-to-peer (P2P)… Read More »
Citing compliance with local jurisdictions, crypto exchange Coinbase announced to soon collect additional information from users based in Canada, Singapore and Japan. Effective from April 1, Coinbase users from Canada, Singapore and Japan will be required to provide additional information while sending cryptocurrencies to a different (non-Coinbase) platform. However, while Singaporean and Japanese investors… Read More »
Cowen, a major American independent investment bank, has officially launched a dedicated cryptocurrency and digital asset division. Called Cowen Digital, Cowen’s new business is designed to offer full-service trade execution and custody for cryptocurrencies like Bitcoin (BTC) and other digital assets for institutional investors, the firm announced on Wednesday. In order to launch the… Read More »
Bitcoin (BTC) saw a fresh impulse move overnight into March 22 as bulls briefly reclaimed $43,000. RSI hints at underlying strength The action contrasted with the lack of volatility since the weekend and neatly fitted with the more bullish predictions surrounding near-term trajectory. For popular trader Crypto Ed, who had previously given $43,000 as… Read More »
Bitcoin (BTC) opened the Wall Street trading session with a spike to over $41,500 on March 21 as last week’s late gains endured. McGlone: Fed is saying “Don’t buy the dip” Amid a buoyant stock market, the largest cryptocurrency showed mixed signs on the lowest timeframes as traders waited to see how long the… Read More »
On Monday, Sven Henrich, the founder and the lead market strategist for northmantrader.com discussed bitcoin “rallying in the face of this crisis.” The technical analyst and market commentator highlighted four reasons why he believes bitcoin’s value surged — “Fundamental, Sentiment, Technical, [and] Safety trade.” Northmantrader’s Founder Sven Henrich Describes Why He Thinks ‘Bitcoin Is… Read More »
The Federal Reserve has raised interest rates for the first time since 2018 in a bid to begin curbing inflationary pressures it blames on supply and demand imbalances and rising energy prices. The U.S. central bank hiked its target range for the federal funds rate by 0.25 basis points and anticipates further, ongoing increases… Read More »
The United Kingdom’s Financial Conduct Authority (FCA) is seeking senior executives with cryptocurrency-related expertise as the regulator is preparing to launch a new crypto department to regulate the industry. According to FCA’s job postings on LinkedIn, the authority is now hunting for a head of the digital assets department and a director of the… Read More »