Day: February 16, 2023

Taurus raised $65 million | Blockchain News

The Series B capital round for Taurus, a company that specializes in providing digital asset infrastructure to financial institutions in Europe, was led by Credit Suisse and brought in a total of $65 million. In addition, a number of additional institutional investors, such as Deutsche Bank, Pictet Group, Cedar Mundi Ventures, Arab Bank Switzerland, and Investis, took part in the investment round. The announcement made on February 14 stated that the funds that were raised by Taurus would be used to strengthen its growth strategy in three primary areas: recruiting…

Bitcoin Jumps Past $25K for First Time Since June 2022

The largest cryptocurrency by market cap was recently trading at about $24,750, up more than 8% over the past 24 hours. BTC had been lingering below $22,000 as recently as Tuesday before it begain to surge as investors shrugged off the latest tepid inflation data and a regulatory crackdown on stablecoins. Source

Bitcoin price hits $25K in new 2023 high

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The price of Bitcoin (BTC) has reached a new 2023 high of $25,000. The milestone comes after a surge in Bitcoin’s price over much of January. The last time Bitcoin’s price was around $25,000 was near mid-June 2022 on its way down to between $19,000 and $21,000, where it had hovered for several months, according to data from CoinGecko. The price of BTC has increased double digits over the last 24 hours to reach the $25,000 milestone. The price of BTC however took a big dip in November following the FTX crisis, which…

Blockchain Industry Association GBBC Digital Joins International Securities Regulator IOSCO

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Mt. Gox’s 2 Largest Creditors Pick Payout Option That Won’t Force Bitcoin Sell-Off: Sources

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Creditors have waited nearly a decade to get a portion of their money back after Mt. Gox – one of the first and, at one time, the largest crypto exchange in the world – was hacked in 2014. Hackers made off with 850,000 BTC, a sum valued at $460 million at the time. After the hack, Mt. Gox was left with approximately 142,000 BTC, 143,000 bitcoin cash (BCH), and 69 billion Japanese yen. Original

Siemens Issues World’s First Blockchain Bond

Siemens, a German multinational firm that is a leader in the fields of engineering and technology, is one of the first companies in Germany to issue a digital bond on a public blockchain. Because of this achievement, Siemens is now able to count itself among an exclusive club of enterprises in Germany. It has a value of sixty million euros (or sixty-four million dollars), a maturity date of one year, and a maturity date, all in accordance with Germany’s Electronic Securities Act. According to the announcement that was released on…

BTC price cools on latest US data as Bitcoin liquidates $80M in shorts

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Bitcoin (BTC) trended toward $24,000 at the Feb. 16 Wall Street open after fresh macroeconomic data from the United States overshot estimates. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hot U.S. PPI data “rattles” markets Data from Cointelegraph Markets Pro and TradingView showed BTC/USD retracing some of its latest gains on the day, trading at around $24,400 on Bitstamp at the time of writing. The pair had hit $24,895 on Bitstamp overnight, marking its highest levels in six months as a surprise rally appeared to catch many traders off-guard. Over the…

Tencent Teams Up with MultiversX To Expand Web3 Strategy

“From blockchains to AI and beyond, cloud computing is a great necessity and an enabling force for innovation,” Beniamin Mincu, MultiversX CEO said. “We are thrilled to join forces with Tencent Cloud to explore exciting routes in a new strategic partnership between the two companies on payments, Web3 hubs, infrastructure, staking services and the metaverse.” Source

Ethereum price prints ‘death cross’ after losing 13% versus Bitcoin from 2023 peak

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Ethereum’s native token, Ether (ETH), has printed a death cross technical pattern versus Bitcoin (BTC) for the first time since May, suggesting more pain ahead for ETH/BTC in the coming weeks. Previous ETH price death cross preceded 27.5% drop A death cross appears when an asset’s short-term 50-day moving average moves below its long-term 200-day moving average. Such a chart pattern was seen in December 2007, ahead of the global economic crisis. Similarly, the ETH/BTC’s previous death cross, in May, preceded an approximately 27.5% price correction, dropping in part as…