Day: September 23, 2021

BTC crash: Was it actually Evergrande? | Watch The Market Report live w/ Eric Krown

“The Market Report” with Cointelegraph is live right now with special guest Eric Krown, a professional crypto trader. Tune in to watch Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman. Here’s what to expect in this week’s markets news breakdown:  After failing to reach $50,000, Bitcoin (BTC) slid back down to $40,000 on Monday before recovering to $44,000. What, or who, was behind this pullback? Dogecoin (DOGE) is gaining popularity even though transaction levels are at a low. Why is this happening? United…

Ethereum balance on crypto exchanges hits new lows as ETH price retakes $3K

The total amount of Ether (ETH) held by all the crypto exchanges fell to its lowest levels, just as its prices rose back above $3,000 per token on Sept. 23. Data collected by CryptoQuant, a blockchain analytics platform, showed that exchanges’ net Ethereum token reserves dropped to 18.533 million ETH, compared to 23.92 million ETH a year ago. Meanwhile, the cost to purchase one Ether rose from almost $349 to as high as $3,078, showcasing an inverse correlation between ETH reserves on exchanges and prices.  Ethereum all exchange reserves versus…

TRM Labs to Bring Crypto Tracing Tools to Solana

TRM Labs is adding tracing support for the Solana blockchain, CEO Esteban Castaño told CoinDesk. The blockchain analysis company is the first to integrate with Solana. It comes as the high-speed network booms in popularity after weeks of surging price for its native SOL token. Exchanges and government investigators use blockchain analysis tools to get ahead of suspect transactions and tamp down on illicit crypto flows, Castaño said. He said TRM will “ingest raw blockchain data” on Solana transactions in part by running nodes. “We’re not doing other forms of…

Blockdaemon secures unicorn status with $155M raise

Blockchain infrastructure developer Blockdaemon has secured its status as a crypto unicorn after concluding a $155 million Series B fundraiser, putting the company on track to expand its operational footprint in a significant way.  With Series B now closed, Blockdaemon’s valuation has swelled to $1.255 billion, the company announced this week. To date, the company has raised just under $190 million, with the latest funding round led by the Softbank Vision Fund 2. Additional investors included Goldman Sachs, Kraken Ventures, Morgan Creek Digital, CoinFund, Matrix Capital Management and Sapphire Ventures.…

RMB stablecoin in Shanghai, Evergrande FUD, and FTX gains ground – Cointelegraph Magazine

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.   This week, the word “Evergrande” found its way into the vocabulary of every western investor. After years of watching the corporation’s football team on TV and drinking its bottled water, Crypto Twitter was the last place the Man in Shanghai expected to find it. After facing debts of over $300 billion, all types of rumors swirled, leading its…

Argo Blockchain Raises $112.5M in US Share Sale

Argo Blockchain, the only U.K.-listed cryptocurrency miner, said it raised $112.5 million in a U.S. share sale. The London-based company is selling 7.5 million American depositary shares, each equivalent to 10 of its U.K.-traded shares. The U.S. shares are priced at $15 each, the company said in a statement Thursday. In its prospectus filed with the U.S. Securities and Exchange Commission Sept. 14, Argo said it expected an initial offering price of $18.40, based on the value of its London-traded shares at the time. The shares are due to start…

Argo Blockchain Raises $112.5M in US Share Sale — CoinDesk

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Bitfinex launches the first L2 bridge from CeFi to DeFi

Crypto exchange Bitfinex has today announced a market-debut service to bridge its centralized platform with the layer-2 decentralized trading platform and subsidiary DeversiFi.  The bridge will provide users access to the permissionless and privacy-centric experiences of DeFi, in combination with the highly-liquid, accessible features of CeFi. A release from the company noted that transactions will be initially exclusive to Tether (USDT) — a stablecoin affiliated with the exchange — but may eventually open-up to various ERC-20 tokens in future. Ethereum-based DeversiFi is a trading platform built upon StarkWare’s scalable technology.…

Hong Kong-Based Crypto Unicorn Amber Group Eyes US Listing: Report

Crypto financial services firm Amber Group is weighing a direct listing, with the U.S as the “likely destination,” according to its CEO. A direct listing is “on the table” in the next two years, Michael Wu said in an interview with South China Morning Post. “The U.S is a likely destination, but we’re open-minded,” he said. Aspects of Amber’s plans may raise regulatory concern in the U.S. Amber allows customers to earn interest on crypto holdings by lending to other clients at a higher rate. Publicly listed crypto exchange Coinbase…