Cryptocurrency

According to a report published by Bloomberg on Thursday, Ava Labs is en route to raising a new round of funding for $350 million at a valuation of $5.25 billion. Details of the agreement have not been made public. Ava Labs is the lead developer of the Avalanche (AVAX) blockchain.  The total value locked, or

Development never stops in the fast-paced and competitive crypto sector and COTI is one project that is flashing some bullish signs.  VORTECS™ charts from Cointelegraph Markets Pro show that COTI, an enterprise-grade financial technology platform focused on decentralized payments and digitization for any form of currency, could be on the verge of a breakout. The indicator began

Voyager Innovations, the firm behind the Philippines’ top digital payments app Paymaya, has announced it has achieved unicorn status after a recent round of funding, surpassing a $1 billion valuation.  Voyager Innovation announced Tuesday that the new $210 million capital boosted its valuation to $1.4 billion. The company highlighted that the new funds will be

Terra (LUNA) price slid on April 11 as a broader correction across crypto assets added to the uncertainties concerning its token burning mechanism. Bitcoin (BTC) and Ether (ETH) led to a decline in the rest of the cryptocurrency market, with LUNA’s price dropping by over 8% to nearly $91.50, and about 30% from its record

Solana (SOL) risks crashing 35% in the coming days as it comes closer to painting a so-called “megaphone” pattern. SOL price “megaphone” pattern In detail, megaphone setups consist of a minimum of lower lows and two higher highs and form during a period of high market volatility. But generally, these patterns consist of five consecutive

Bitcoin (BTC) neared new price lows for April on Friday’s Wall Street open amid a fresh surge in the U.S. dollar. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $43,000 hangs in the balance Data from Cointelegraph Markets Pro and TradingView captured another day of gloom for BTC bulls as the largest cryptocurrency slipped back under $43,000.

The Golden City is losing its shine as one of the largest United States-based cryptocurrency exchanges closes its San Francisco-based headquarters.  Kraken CEO, Jesse Powell retweeted that Kraken will close its global headquarters on 548 Market Street, in the center of San Francisco. In the retweet shared by a San Francisco-based political commentator, Richie Greenberg,

Scott Melker, veteran trader and pocaster, is convinced that major layer-1 protocols should be part of everyone’s investment portfolio. Instead of picking individual crypto projects, such as NFTs or blockchain games, Melker thinks it makes more sense to bet on the blockchain infrastructure on which these projects are built.  “Any of these small projects could

On Wednesday, centralized cryptocurrency exchange Binance launched its new TerraUSD (UST) staking program. Although Binance did not name the underlying decentralized finance protocol responsible for the staking rewards, Do Kwon — Terra Luna’s (LUNA) co-founder — attributed the origins of the high yield to Terra’s flagship Anchor protocol.  Anchor rate is now available to 30M+ binance

Terra, the Blockchain outfit using Bitcoin (BTC) to back its new US dollar stablecoin, has bought over 5,000 BTC. Wallet data confirms that on April 6, Terra added another 5,040 BTC to its balance, which now totals 35,768 BTC. Terra buys the dip… again The move comes after a multi-day lull in buying activity by

Dogecoin (DOGE) continues its rebound move four weeks after bottoming near $0.10 and is now promising more upside moves in Q2/2022. Dogecoin price nears two-month highs DOGE’s price had risen by nearly 6.5% week-to-date to $0.15 a token. The coin’s recent gains surfaced after Elon Musk disclosed his $3-billion stake in Twitter on Monday, reiterating

Non-profile picture (PFP) NFTs had been cooling down over the past few months but now that Bitcoin and Ethereum have turned bullish again, altcoins and NFT-focused tokens are beginning to follow. Music NFTs are one sector of the ecosystem that is showing bullish signs this week, and Opulous (OPUL) protocol was the breakout star of

Bitcoin (BTC) starts a new week and a new quarter as if it were starting the new year — at just over $46,000. In what will seem like some serious deja-vu for hodlers, BTC/USD is at practically the same level it was on Jan. 1, 2022. Price action has been quiet — too quiet, perhaps

Cryptocurrency hardware wallet provider Trezor has begun investigating a possible data breach that may have compromised users’ email addresses and other personal information.  Earlier today, on Apr. 3, several users from the Crypto Twitter community warned about an ongoing email phishing campaign specifically targeting Trezor users via their registered email addresses. Hey trezor, are you

On Thursday, USD Coin (USDC) operator Circle announced that it had selected financial institution BNY Mellon as the custodian of its USDC reserves. Founded in 1784, BNY Mellon is one of the oldest banks in America and possesses over $46.7 trillion in assets under custody or administration worldwide. It serves as a single point of

The decentralized finance (DeFi) market has been undergoing a period of maturation over the past year and many of last year’s fast risers have faded into obscurity but this does not mean the formerly “famous” protocols have not continued to build. One blue-chip project that is regaining momentum is Aave (AAVE), a non-custodial liquidity protocol