Day: February 10, 2022

Appetite for Crypto Sector Still Going Strong as Valuations Rise

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Cryptocurrency exchange FTX saw its valuation soar to $32 billion in a new funding round announced on January 31, underscoring continued appetite for the sector. The Bahamas-based company raised $400 million in a Series C funding round – its third round in the past nine months for a total of $2 billion in venture capital to date. Of course, this is just one of many financing rounds sending serious cash into the crypto sector. In 2021, funding for blockchain startups increased 8-fold at $25.2 billion and isn’t expected to slow…

Top Latin American exchange Bitso officially expands to Colombia

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Bitso, a major Latin American cryptocurrency exchange and El Salvador’s crypto wallet assistant firm, has announced its formal launch in Colombia. As part of Bitso’s development strategy in Colombia, the exchange has hired former Mastercard executive Emilio Pardo as new country manager, the firm announced to Cointelegraph on Thursday. Pardo is former head of business development for the Andean Region at Mastercard, where he focused on fintech issues like instant and cross-border financial transactions and open banking. He will now be responsible for developing Bitso’s strategy in Colombia to increase…

Strong Bitcoin and stocks rally position bulls for victory in Friday’s $860M options expiry

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Bitcoin (BTC) bulls have good reason to celebrate the 22% gain in the past week. The price is pushing toward $46,000 and to the surprise of many, the $43,000 level held steady despite the volatility caused by the United States inflation data released on Feb.10. There have been mixed feelings on the macroeconomic side. For example, retail sales in the Eurozone disappointed on Feb. 4 when the figure showed a 2.0% year-on-year growth versus the 5.1% expectation. while the United States nonfarm payroll abruptly showed a 467,000 jobs increase. Investors…

Ukrainians Turn to Bitcoin Crowdfunding in Preparation of a Possible Russian Invasion – Blockchain News, Opinion, TV and Jobs

Donations totaling hundreds of thousands of dollars have flooded into Ukrainian nongovernmental organizations and volunteer groups, to help fund Ukainian protection in case of a Russian invasion accross Ukrainian borders. Russia has about 70% of the combat power in place in its neighboring country Belarus, of the total amount it would need for a full-scale invasion of Ukraine. Two U.S. officials said on Saturday that Russia is planning to send more battalion tactical groups to the border with its neighbor. According to a BBC report Russia and ally Belarus have…

Comeback clues from January’s crypto cold spell

With key stakeholders taking profits and confidence in buying the dip staying high, traders who were overzealous about a quick Bitcoin rebound back to all-time high levels were punished with further price declines. Although Bitcoin (BTC) has subtly bounced since dropping below $34,000 in late January, its price is still down 20% in the last 30 days. Ether (ETH) has fared worse, dropping 30% in this same timeframe. This edition of the Market Insight’s newsletter takes a deeper look at the data behind the cryptocurrency market’s performance in the past…

Technical Analysis: THETA Surges 20%, While LEO Falls Lower, Again – Market Updates Bitcoin News

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LEO fell for a second consecutive session, as crypto markets traded with higher levels of volatility on Thursday. THETA ignored this uncertainty and climbed by close to 20% today. Biggest gainers Following turbulence during today’s trading session, the global cryptocurrency market capitalisation was able to climb, and was around 1% higher as of writing. . Leading this gain was theta network (THETA), which, as of writing, was trading 18.87% higher, which was almost double its closest bull, secret (SCRT). THETA, which was trading at a low of $3.33 on Wednesday,…

Bitcoin Mining For The World: Whit Gibbs : Full Interview

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io SoFi is the exclusive partner app of The Best Business Show. Visit for more info and start investing today The Best Business Show Is LIVE 11AM-1PM EST Monday – Friday discussing Bitcoin, Finance, Crypto & everything in between. Check out our Store! Pomp writes a daily letter to over 185,000 investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at Follow Pomp on social media:…

Bitcoin Steadies Above $45k, US Inflation Comes In At 7.5% Year Over Year

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Bitcoin price recovered to within $45k after sliding below $44k as analysts indicated probable swings for the flagship cryptocurrency. The release of US inflation rates seems to have had no effect on the king cryptocurrency. Bitcoin’s price rose past a crucial barrier overnight Wednesday, reaching $45,300, before falling as the broader market dipped in early trades after US markets opened. Bitcoin Unaffected By Inflation Rates Over the last 24 hours, BTC/USD has moved in a range of $43,402.81 – $45,398.91, exhibiting high volatility. Trading volume has climbed by 16.21% to…