TradingView, a charting platform and social network, secured a $298 million investment led by Tiger Global, valuing the company at $3 billion. The company recorded a 400% increase in accounts created and a 237% increase in revenue in the past 18 months, according to an emailed announcement Thursday. The platform aims to provide retail investors with information and insight related to trading and investing of different assets including crypto and says it has paying customers in 180 countries. Tiger Global has been at the center of…
Day: October 14, 2021
Are Cryptocurrencies Secure? Yes and No – Here’s Why
“Cryptocurrencies, specifically the underlying technology, blockchain, through its distributed ledger technology and the ability to decentralize control, inherently has a certain level of security built into its technology,” said Yenamandra. “But it is not a panacea. There are still a lot of vulnerabilities that can exist today, even in a blockchain environment. The attacks that exist, that we’ve seen, vary, some are tech related, some lie on the border between cybersecurity and privacy.” Source
Binance continues push to become regulated crypto exchange with new hire
Crypto exchange giant Binance has hired Mark McGinness, former head of international relations at the Dubai Financial Services Authority (DFSA), as its chief regulatory liaison officer. According to an announcement issued on Thursday, Binance stated that McGinness will contribute to the company’s push towards better relations with regulatory bodies across the globe. Indeed, McGinness is the latest Binance hire with expertise in regulatory compliance and engagement with financial regulators. Before his stint with the DFSA, McGinness was also the head of international relations at the Australian Securities and Investment Commission.…
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UK Jails Crypto Miner for 13 Months for Stealing Electricity: Report — CoinDesk
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk English Source
Charting Platform TradingView Attains $3B Valuation With $298 Million Investment Round
TradingView, a charting platform and social network, secured a $298 million investment led by Tiger Global, valuing the company at $3 billion. The company recorded a 400% increase in accounts created and a 237% increase in revenue in the past 18 months, according to an emailed announcement Thursday. The platform aims to provide retail investors with information and insight related to trading and investing of different assets including crypto and says it has paying customers in 180 countries. Tiger Global has been at the center of several large funding rounds…
Russian Energy Minister Says Miners Should Pay More for Electricity
Nikolay Shulginov, Russia’s minister of energy, told the TASS agency that cryptocurrency miners should pay more than households for electricity in order to maintain the reliability and good working of the electricity grid, the agency reported Wednesday. The Ministry of Energy is working on solutions, he said, though it’s unclear if any particular bills or directives will be implemented soon. The remark comes soon after the head of Irkuts oblast, a region in Siberia popular with crypto miners, complained miners are running their operations in residential buildings and consuming large…
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G7 Finance Officials Outline Policy Principles for Retail CBDCs — CoinDesk
While none of the seven members have yet to commence development of a retail CBDC, the central banks of all of the member countries (the European Central Bank in the case of France, Germany and Italy) have at least demonstrated intent to explore implementing one. Source
Bitcoin Eases After Rejection at $58.5K; Support at $54K
Bitcoin looks heavy on short-duration technical charts, having failed to keep gains above $58,000 early Thursday. The cryptocurrency was trading near $57,350 at press time. On the chart above, the relative strength index (RSI) has decoupled from the rising price since Oct. 6. The indicator’s negative divergence suggests a loss of upward momentum and scope for a pullback. The immediate support is seen at $54,000, a level where buyers have consistently stepped in over the past week. A violation there would allow for a slide to $50,000. Progress above daily…