Day: October 5, 2022

SWIFT says it has reached a ‘breakthrough’ in recent CBDC experiments

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On Wednesday, the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, announced that it has successfully moved central bank digital currencies (CBDCs) and tokenized assets on existing financial infrastructure through two separate experiments. According to SWIFT, the results demonstrated that “CBDCs can be rapidly deployed at scale to facilitate trade and investment between more than 200 countries and territories around the world.” SWIFT is a Belgian messaging system that connects over 11,500 financial institutions worldwide and plays a paramount role in facilitating international transactions. Globally, nine out of 10 central…

Decentralized Exchange Token GMX Surges After Binance, FTX Listings

GMX jumped to as high as $60 from around $40, data on crypto price tracker CoinGecko shows, the highest since January, when the price hit $62. The token has since pared some of the gains, changing hands at $48 at press time. Trading volume soared, reaching $150 million in the last 24 hours, almost 20 times more than the previous day, CoinGecko data shows. Source BinanceDecentralizedExchangeFTXGMXListingsSurgesToken CryptoX Portal

Tron Could Be Ready For $0.1 After Hard Fight, Here Is Why?

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TRX price could be ready for a short-term relief rally as the price breaks out from the downtrend, creating more bullish sentiment for a recovery. TRX looks strong on both low and high timeframes.  The price of TRX breaks out on the daily timeframe after forming a descending triangle. Tron (TRX) has struggled to remain bullish against tether (USDT) after seeing its price rejected from a region of $0.11 on several occasions to trend higher. Tron (TRX), despite being loved by the Tron community, the token has had its fair…

Bitcoin Price Is Soaring This ‘Uptober’ As BTC Barrels Past $20,000

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As Bitcoin passes $20,000, the market is expecting a strong October. The crypto is now trading between $19,712 and $20,479 at the time of writing. Since the crash of September 13 rattled the global financial system, this is the highest trading price BTC has reached. As BTC bulls have been trying to break through this resistance level for almost a month, the breaking of the $20k psychological barrier is a major event. To those looking to acquire Bitcoin or add to their existing holdings, however, the breakthrough may serve as…

Skyweaver’s parent company secures $40M in Series A funding

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Horizon Blockchain Games, the developer behind the Skyweaver game, has raised $40 million in Series A funding, the company disclosed on Oct. 4. The round was led by Brevan Howard Digital and Morgan Creek Digital, with additional participation from Polygon, Take-Two Interactive, Ubisoft, Xsolla, The Sandbox co-founder Sebastien Borget, Sky Mavis and Axie Infinity co-founder Aleks Larsen, among other investors.  With the funds, Horizon plans to invest in Web3 products and scale its operations. Specifically, the company wants to grow its developer stack and smart wallet Sequence, expand the content…

Skyweaver’s parent company secures $40M in Series A funding

Horizon Blockchain Games, the developer behind the Skyweaver game, has raised $40 million in Series A funding, the company disclosed on Oct. 4. The round was led by Brevan Howard Digital and Morgan Creek Digital, with additional participation from Polygon, Take-Two Interactive, Ubisoft, Xsolla, The Sandbox’s co-founder Sebastien Borget, Sky Mavis and Axie Infinity co-founder Aleks Larsen, among other investors.  With the funds, Horizon plans to invest in Web3 products and scale its operations. Specifically, the company wants to grow its developer stack and smart wallet Sequence, expand the content…

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Decentralized Exchange Token GMX Surges Amid Binance, FTX Listings

GMX jumped to as high as $60 from around $40, data on crypto price tracker CoinGecko shows, the highest since January, when the price hit $62. The token has since pared some of its gains, changing hands at $48 at press time. Trading volume exploded, reaching $150 million in the last 24 hours, almost 20 times larger than the previous day, CoinGecko data shows. Source