BTC profoundly bleeds while recovery decelerates at $36,000

Bitcoin dived to $33,000 during the weekend session, pulling the entire market down with it. Recovery has delayed at $36,000, sending BTC bulls back to the drawing board. Bitcoin moved further away from $40,000 during the weekend session. The support anticipated at $36,000 did little to stop the losses as Bitcoin stretched the bearish leg […]

Bitcoin Turns Red, Here’s Why BTC Could Resume Its Decline

Bitcoin price started a fresh decline after it failed to clear $38,000 against the US Dollar. BTC is now struggling below $36,500 and it remains at a risk of more losses. Bitcoin started a fresh decline from well above the $38,000 support level. The price is now trading well below $37,000 and the 100 hourly […]

News | Latest DeFi Developments

A $90 billion DeFi program known as SushiSwap has been likened to the “Wall Street” on the Internet. SushiSwap, which was developed in 2020 is a DeFi program whereby you can “Swap, earn, stack yields, lend, borrow, leverage all on one decentralized, community driven platform.” SushiSwap works in the way of an exchange, allowing traders […]

Crypto finance startup Amber Group raises $100M at $1B valuation – TechCrunch

More mainstream venture capital firms are jumping on the crypto bandwagon as investors increasingly consider bitcoin an investable asset, despite the recent massive price drops of a few major cryptocurrencies. Amber Group, a Hong Kong-based cryptocurrency trading startup, said on Monday it has raised $100 million in a Series B funding round at a pre-money […]

Crypto-finance company Amber Group valued at $1B following $100M raise

Cryptocurrency investment platform Amber Group has added $100 million to its coffers following a successful Series B fundraiser, bringing its total pre-money valuation to $1 billion — a major milestone for the firm as it enters its fourth year of operations.  The cash injection will be used to “expand global operations to meet client demand […]

Crypto Analyst Predicts That ‘$ETH Breaks Above $10K’ in Second Half of 2021

Recently, popular pseudo-anonymous crypto analyst “KALEO” (@CryptoKaleo on Twitter) made a number of interesting price predictions for Bitcoin ($BTC) and Ethereum ($ETH). On January 17, KALEO told his 321K+ followers on Twitter that he expected to see in H2 2021 the Bitcoin price to go over $100K, the Ethereum price to fo above $10K, more […]

4 reasons why Paul Tudor Jones’ 5% Bitcoin exposure advice is difficult for major funds

In an interview with CNBC on June 14, legendary investor Paul Tudor Jones sounded the alarm over advancing inflation. After last week’s consumer price index (CPI) report showed that United States inflation had hit a 13-year high, the founder of Tudor Investment advocated for a 5% Bitcoin (BTC) portfolio allocation. Mutual Fund companies ranked by […]

The World Bank Will Not Help El Salvador with Its BTC Plans

Not too long ago, El Salvador announced that it would make bitcoin legal tender. Thus, the Central American nation became the first to permit bitcoin’s full use as a currency. However, now it looks like the country’s plans have hit a snag as the World Bank is saying it will reject El Salvador’s request. The […]

Minneapolis Fed President Neel Kashkari calls DOGE a ponzi

Federal Reserve Bank of Minneaopolis President Neel Kashkari took a jab at Dogecoin (DOGE) last week by referring to the meme coin as a ponzi, upping his rhetoric against cryptocurrencies.  Kashkari’s comments were in response to a LinkedIn poll by Paul Grewal, the chief legal officer and corporate secretary at Coinbase, asking his connections about […]