Month: January 2022

$75M Blockchain Founders Fund II backs portfolio of P2E and Web3 projects

Singapore-based Blockchain Founders Fund has launched a new venture capital fund to support emerging projects in the cryptocurrency, metaverse and Web3 sectors, offering further evidence that investors are still keen to back major growth trends in the digital asset market.  Blockchain Founders Fund II, also known as BFF II, has raised $75 million from various investors across the blockchain and crypto industry, including NEO Global Capital, Appworks, Baksh Capital, Octava and The Sandbox chief operating officer Sebastien Borget. BFF II has already deployed capital across 11 projects, including a layer-two…

Crypto Sell-Off Wipes $700B From Industry Market Cap So Far in 2022

Cryptocurrencies are deep in the red this year after industry market capitalization plummeted to $1.6 trillion as of Monday from $2.3 trillion at the start of 2022, a decline of about 30% in just over three weeks. According to data from CoinGecko, nearly $700 billion of value has been erased when the market correction sent bitcoin (BTC) down 28% for the year to date and ether (ETH) fell 40%. The new figures imply cryptocurrency market capitalization has roughly halved since its all-time high around $3.1 trillion in November. “Crypto winter”…

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 15/01/2022| Cryptocurrency news today | Crypto news today | Bitcoin news today | Hindi | Cryptocurrency for beginners In this video, we have covered news from across the Globe. Watch this video and keep yourself updated. Latest Crypto updates latest Crypto News. Cryptocurrency news today Crypto news today Bitcoin news today in Hindi. ===================== New’s Covered in the Video -70% of US crypto holders started investing in 2021: Report- -Shiba Inu’s Biggest Holding Among Whales Title Surprisingly Taken Away by FTT Token.…

Singapore VC Blockchain Founders Raises $75M for New Fund

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. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

Bitcoin Short-Term Bounce Faces Resistance at $40K

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Bitcoin (BTC) returned above $35,000 after multiple oversold signals appeared on the charts. The cryptocurrency faces initial resistance at $40,000, which could limit upside over the short term. Bitcoin is up 3% over the past 24 hours after rising from an intraday low near $33,000, while the broader crypto market has stabilized. The relative strength index (RSI) on the daily chart registered the most extreme oversold reading since the March 2020 crash. The previous extreme low was on Nov. 20, 2018, which preceded a few months of rangebound price action…

JPEGs On Sale, Baby

The global crypto market lost over $1 trillion in value last week as the price of nearly every major token took a precipitous nosedive. ETH, the native asset of the Ethereum network, is down to around $2,200 for the first time since July. Bitcoin hit a similar six-month low in the $33,000 range. Altcoins SOL, DOT and AVAX are all down around 40% just in the last seven days. This article is excerpted from The Node, CoinDesk’s daily roundup of the most pivotal stories in blockchain and crypto news. You…

Gucci Taps Toy Brand Superplastic to Drop 10 ‘SuperGucci’ NFTs in February

CryptoX – Cryptocurrency Analysis and News Portal Superplastic is a company that makes artistic vinyl toys for the collectibles market and has issued NFTs through the Winklevoss-owned Nifty Gateway. Superplastic was launched in 2018 by Kidrobot founder Paul Budnitz and has sold millions of dollars in designer toys and apparel based on characters Janky & Guggimon, Dayzee & Staxx, Kranky, ShüDog. Original Source The post Gucci Taps Toy Brand Superplastic to Drop 10 ‘SuperGucci’ NFTs in February appeared first on CryptoX. CryptoX Portal

Following Crash, Bitcoin Open Interest Declines To Sept 2021 Levels

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Following the crash to $35k, the Bitcoin open interest has declined to September 2021 levels. This may suggest that the market volatility will be lesser in the near future. Bitcoin Open Interest Drops To Similar Levels As In September 2021 As pointed out by an analyst in a CryptoQuant post, the BTC open interest has decreased to similar levels as last September following the crash. The “open interest” is an indicator that measures the total amount of Bitcoin futures contracts currently open in the derivatives market. The metric accounts for…

Strategies for trading cryptocurrency during a correction, explained

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A correction refers to a rapid price decrease, which traders can use to their advantage with the assistance of cryptocurrency trading bots. Although the definition for a correction differs, it is most often used to describe a rapid decrease in an asset’s price, usually at least 10% and up to 20%. If an asset falls more than that, the price dip is classified as a market crash. Corrections are often the result of a minor event, such as low trading volumes or other technical factors. They, therefore, occur fairly regularly,…