Anthony Pompliano Joines Board of Figure as Firm Closes $103M Round

A blockchain-powered financial services startup Figure Technologies founded by former SoFi CEO Mike Cagney, announced it has closed a $103 million Series C round. But, that is not all folks. It has also added Morgan Creek Digital’s Anthony “Pomp” Pompliano, one of the sector’s most vigorous supporters, to its board. That’s not a consequence because, according to the company’s announcement, the round was also led by Morgan Creek Digital, with participation from MUFG Innovation Partners and several other new and existing investors such as DCM, Digital Currency Group, HCM Capital,…

OneConnect Gives Details for its IPO Valued at $468M

OneConnect Financial Technology which is the artificial intelligence and blockchain arm of Ping An Insurance that is easily one of the largest insurance firms in China has come forth with the terms for its IPO valued at $468 Million. Sources indicate that based on the F-1 Filing of its prospectus with the United States Securities and Exchange Commission (SEC), the firm intends to conduct the initial public offering which is aimed at raising between $432 million and $504 million via issuing about 36 million American Depositary Shares (ADS) at around…

Bitcoin & Crypto Market Turn Red Again: BCH, XLM, EOS, TRX Analysis

The total crypto market cap jumped from $188.0B, but it failed to stay above $200.0B. Bitcoin price rally above the $7,500 level was completely reversed. BCH price is somehow holding the key $205 and $200 support levels. EOS price is facing a strong resistance near the $2.700 area. Stellar (XLM) price could continue to move down towards the main $0.0500 support area. Tron (TRX) price is down 2% and it is approaching the $0.0140 support area. Bitcoin (BTC) and the crypto market cap are resuming their downtrend. Ethereum (ETH), BCH,…

SoftBank Leads $30M Round for Cashierless Stores Startup Accel Robotics

Now, we all know SoftBank for its “unicorn status” investment decisions and so it shouldn’t come as a surprise to many that the investment giant has participated in a Series A round of funding for Accel Robotics which is a San Diego-based startup that has been involved in the cashierless space for a bit now. The funding round also attracted other investors including Toyo Kanetsu Corporate Venture Investment Partnership, RevTech Ventures and New Ground Ventures. Accel Robotics and other technology startups have been looking into the various means and methods…

Litecoin Price (LTC) Technicals Weak, Bitcoin Dragging Market Lower

Litecoin declined heavily after it failed to climb above $46.50 and $48.00 against the US Dollar. The price seems to be sliding towards the $42.20 and $40.40 support levels. There is a key declining channel forming with resistance near $45.50 on the hourly chart of the LTC/USD pair (data feed from Kraken). Bitcoin price is down around 3% and it is struggling to stay above the $7,040 and $7,000 support levels. Litecoin price is following a nasty downtrend below the $46.50 resistance against the US Dollar. LTC could revisit $40.40…

Bitcoin (BTC) Trend Overwhelmingly Negative, Continue Selling?

Bitcoin price is slowly declining and it recently broke the $7,200 support area against the US Dollar. The price is currently consolidating above $7,100 and likely to continue lower. Yesterday’s key declining channel is still active with resistance near $7,320 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but sellers are likely to remain in control near $7,200 and $7,250. Bitcoin price is showing signs of additional losses below $7,000 against the US Dollar. BTC remains sell on rallies until there…

Bitcoin & Crypto Market Following Downtrend: BNB, BCH, LTC, EOS Analysis

The total crypto market cap is under pressure below the main $200.0B resistance. Bitcoin price is struggling to stay above the $7,000 support area. Litecoin (LTC) price is down more than 3% and it traded below the $44.50 support. BCH price is down 4% and it is approaching the main $200 support area. EOS price is declining and it seems like it could even trade below the $2.500 support. Binance coin (BNB) is testing the $15.00 support and remains at a risk of more losses. Bitcoin (BTC) and the crypto…

Ripple (XRP) Price Remains In Downtrend, BTC & ETH Down 3%

Ripple price is declining and it is now trading below the $0.2180 support against the US dollar. The price is trading in a downtrend and it seems like the bears are aiming $0.2000. This week’s major bearish trend line is still active with resistance near $0.2205 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum also traded below the key $145 support and it could retest $135. Ripple price is showing signs of further losses against the US Dollar and bitcoin. XRP price is likely to…

Ethereum (ETH) Diving Below $150, Bitcoin Breaks Key Support

Ethereum is declining and it recently traded below the $148 support against the US Dollar. The price is currently below $145 and it seems like there is a risk of more downsides. Yesterday’s key bearish trend line is active with resistance near $147 on the hourly chart of ETH/USD (data feed via Kraken). The price could correct higher, but it is likely to face sellers near $146 and $148. Ethereum price is declining further below key supports versus the US Dollar, similar to bitcoin. ETH price remains at a risk…

Bitcoin Cash Facing Uphill Task, BTC & ETH Consolidating

Bitcoin cash price is facing a strong resistance near the $216 and $218 levels against the US Dollar. The price is currently consolidating in a range above the $210 support area. There is a major bearish trend line forming with resistance near $215 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair must surpass the $216 resistance area to start a nice upward move. Bitcoin cash price is facing many resistances near $216 against the US Dollar. BCH/USD could tumble below $210 if it continues…