Day: September 15, 2023

Germany’s blockchain funding increased by 3%, report says

The Crypto Valley Venture Capital (CVVC) has released the German Blockchain Report 2023. It shows a significant increase in blockchain funding within the country. The report analyzes the performance of the blockchain sector in Germany from Q3 2022 to Q2 2023. It shows that the German blockchain sector had a 3% year-on-year increase in funding in the blockchain industry. Germany had a total investment of $355 million in venture capital funding over 34 deals. The report also highlighted that the country reached its record on global funding, attracting 2.4% of international blockchain…

BitGo Partners with Swan Bitcoin to Float First-Ever Bitcoin-Only Trust Company

The new Bitcoin-only trust company will combine expertise from BitGo and Swan Bitcoin to drive adoption with minimal exposure. California-based crypto custodian BitGo Inc and Bitcoin services firm Swan are working to create a Bitcoin-only trust company. The new firm will offer customers Bitcoin custody without the risk of exposure to the crypto market. According to an official press release, the new firm will be the first Bitcoin-only trust company. It will combine regulatory compliance expertise, Bitcoin cold storage technology from BitGo, and Swan’s expertise with fraud prevention, onboarding, and AML/KYC requirements,…

Bitcoin Profit-Taking At 2-Month High, Pullback Incoming?

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On-chain data shows the Bitcoin profit-taking has risen to a two-month high, which could provide resistance to the BTC surge. Bitcoin Profit-Taking Volume Has Shot Up With The Price Rise According to data from the on-chain analytics firm Santiment, investors have started to take profits following the latest cryptocurrency price increase. The relevant indicator here is the “ratio of daily on-chain transaction volume in profit to loss,” as its name already implies, it tells us how the profit-taking volume in the market currently compares against the loss-taking one. The indicator…

Is Binance in trouble? – CryptoX

Amidst regulatory confrontations and high-profile exits, Binance finds itself at a crossroads. We look into what is happening with Binance to find out if the exchange can hold its ground. The cryptocurrency giant Binance finds itself sailing through stormy waters, grappling with a series of challenges that threaten to shake its formidable standing in the global crypto market.  From escalating legal strains with the US Securities and Exchange Commission (SEC) to an alarming exodus of key personnel amidst increasing scrutiny, the platform seems to be at a critical juncture.  Moreover,…

Instacart Boosts IPO Price Range amid Arm’s Stellar Debut

The performance of Instacart IPO will provide valuable insights into the appetite for tech-driven companies and the willingness of investors to pay a premium for companies operating in sectors with significant growth potential. Popular grocery delivery app, Instacart has recently made waves in the financial world by announcing its intention to raise the proposed price range for its upcoming Initial Public Offering (IPO). This strategic move comes hot on the heels of a highly successful IPO by Arm Holdings, signaling the robust investor demand for tech-driven companies. Instacart Revises IPO…

Analyst Unveils New Long Positions For BTC

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In a recent YouTube interview with TechnicalRoundup, crypto Analyst DonAlt revealed he had purchased Bitcoin after the asset fell below the $25,000 level. According to the analyst also predicted the crypto market bottom in 2022, he had two choices before opening the new BTC position DonAlt Shares Insights On Bitcoin’s Next Price Moves Explaining the reasoning behind his decision to purchase Bitcoin, DonAlt told TechnicalRoundup: We’re at the point where you could make an argument for buying here [around $26,000]. And if you’re wrong, you get stopped out, and you…

Japan to allow start-ups to raise funds by issuing crypto instead of stocks: Report

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The Japanese government reportedly plans to permit start-ups to raise public funds through the issuance of crypto, assets, such as currencies, instead of stocks, local media has reported.  According to Japanese financial news site Nikkei.com, this updated system is specifically applicable to a category of funds known as Investment Business Limited Partnerships (LPS). So far, Japan has lagged behind the rest of the world on embracing digital assets. However, this has been changing in recent months. Japan’s primary financial regulatory authority, the Financial Services Agency (FSA), made a significant move…

Bitcoin miner returns to Paxos $500k in mistakenly paid fees

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A Bitcoin miner who mistakenly received the 19.8 BTC in fees returned the funds to the New York-based regulated blockchain, Paxos. On Sept. 10, a BTC transaction that moved only nearly $2,000 had a payment fee of $500,000. Later, on Sept. 13, it was revealed that Paxos made the transaction. The company explained to crypto.news that it was due to an internal server mistake. Paxos added that the funds were safe and belonged to the team. On Sept. 15, the F2Pool that received the fee have sent the 19.82108632 BTC…