Referring to the Chicago Mercantile Exchange, Hougan tweeted that “The CME is now the leading source of price discovery in the bitcoin market! That’s compared to Coinbase, Kraken, Binance, Huobi, BitMEX and even FTX. Prices statistically move first on the CME. The market has matured.” Original
Russian President Vladimir Putin is not going to crack down on cryptocurrencies the way China has done recently. He expressed his tolerance for digital currencies in an interview by CNBC, which was posted on the Kremlin website on Thursday. Cryptocurrencies have been drawing increased scrutiny from regulators around the world, because of its frequent use in financial crimes and money laundering. Regulation reasons were also behind China’s total crackdown on mining and trading digital coins. On september 24, China announced the crackdown in an effort to clamp down on illicit…
Mark McGinness joins the exchange from the Dubai Financial Services Authority, where he spent 16 years as head of international relations. Oct 14, 2021 at 1:34 p.m. UTC Updated Oct 14, 2021 at 1:34 p.m. UTC Binance CEO Changpeng “CZ” Zhao (CoinDesk archives) Source
A Zimbabwean business lobby group, the Confederation of Zimbabwe Industries (CZI), has warned that the country’s currency could collapse if authorities fail to “implement policy measures that are needed to support it.” Central Bank Approach Unsettling the Market In a letter seen by Bitcoin.com News, the lobby group’s president Kurai Matsheza explained that the heavy-handed approach towards the foreign exchange challenge would be unsettling to markets. To ensure that this challenge is fully tackled, the CZI boss insists that measures, which were agreed upon by parties that attended a consultative…
Polkadot (DOT) chart technicals suggest it may rally to a new record high near $75 if DOT can manage to close above its $41–$43 range decisively. That’s according to a classic bullish reversal setup known as an inverse head and shoulders (H&S) that forms when the price undergoes three selloffs during a period of market consolidation. Specifically, the pattern contains an initial selloff, followed by a short-term price rally and another — deeper — selloff. That leads to one more small correction to the upside, followed by another selloff that bottoms out…
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Tala offers financial services to the traditionally unbanked through a consumer credit app that underwrites and distributes loans ranging from $10 to $500 with rates starting at 4%. The company says more than 6 million people have used the mobile app to borrow more than $2.7 billion across Kenya, the Philippines, Mexico and India. Source
TradingView, the price charting platform used as a reference for price movements of cryptocurrencies and other assets, has secured $298 million in a funding round to attain a $3-billion valuation. Led by TradingView’s new investor, Tiger Global, the funding follows a strong growth of the platform’s user base, mostly retail investors, during the pandemic. According to the announcement, TradingView experienced a 400% increase in new accounts and a 237% increase in visitors in the last 18 months. TradingView CEO and co-founder Denis Globa highlighted Tiger Global’s expertise in fintech, adding…
A new layer-2 ecosystem is on the rise and now it has $12 million to expand operations. Aurora, a project built on the NEAR blockchain allowing for Ethereum Virtual Machine (EVM) contracts to run on the chain, has completed an equity raise of $12 million at a $150 million valuation. The round was led by Pantera Capital and Electric Capital, but the round included over 100 investors by virtue of a “ecosystem bucket” accounting for the majority of the raise. In an interview with CoinDesk, Aurora founder Alex Shevchenko said…
Aurora, an Ethereum Virtual Machine (EVM) designed to scale decentralized applications (DApp) built on the Near protocol, has announced a $12-million debut funding round. The round included over 100 venture capital investors, including Pantera Capital and Electric Capital. According to an official statement, Aurora will use the funds to expand cross-chain capabilities beyond its current offering, in addition to hiring specialist developers to support the growth of Ethereum scaling. The scaling solution seeks to facilitate interoperability between blockchains through its EVM connection and multichain bridge, granting developers the accessibility to…