Category: News

Ripple Scores $15 Billion Valuation — CEO Says Financial Position Is Strongest Ever Despite SEC Lawsuit Over XRP – Altcoins Bitcoin News

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Ripple has bought back shares from its Series C funding round, which raised the company’s valuation to $15 billion, according to CEO Brad Garlinghouse. He added that despite the lawsuit by the U.S. Securities and Exchange Commission (SEC) over the status of XRP cryptocurrency, Ripple had the best year on record. Ripple’s $15 Billion Valuation and ‘Best Year on Record’ Ripple CEO Brad Garlinghouse announced via Twitter Wednesday that Ripple has bought back its Series C shares at a $15 billion valuation. The CEO described that “Even with 2021’s headwinds,…

The Sandbox announces $50M fund for its startup accelerator program

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Virtual world project The Sandbox announced its metaverse accelerator program that will push the development of the open metaverse by investing $50 million in startups. The Animoca Brands subsidiary is partnering with the venture accelerator firm Brinc to target 30 to 40 blockchain startups a year for the program. The Sandbox Metaverse Accelerator Program will allocate up to $250,000 in investment to each potential project and will give additional incentives to top-performing projects. The bonuses include The Sandbox (SAND) digital asset and LAND, digital real estate within The Sandbox’s metaverse.…

The Sandbox Looks to Boost Metaverse Startups With $50M Incubator Program

“The Sandbox’s metaverse accelerator is a major expansion of our ongoing commitment to support the next generation of metaverse entrepreneurs,” Sebastien Borget, co-founder of The Sandbox, said in a press release. “With imagination, ideas and hard work, startups from all over the world can realize their visions and drive societal impact by creating more opportunities for everyone.” Source

First Mover Asia: Interest Rate Hikes in the Future? Crypto Rally Shorts Out

Good morning. Here’s what’s happening: Market moves: Bitcoin gave up early gains after Powell’s hawkish comments. Technician’s take: Long-term momentum remains weak and BTC is at a critical point. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $36,826 -0.3% Ether (ETH): $2,470 +0.7% Top Gainers Asset Ticker Returns Sector Polygon MATIC +5.5% Smart Contract Platform Dogecoin DOGE +5.1% Currency Solana SOL +3.0% Smart Contract Platform Top Losers Asset Ticker Returns Sector Cosmos ATOM −5.8% Smart Contract Platform Internet Computer…

Crypto Exchange FTX Reaches Massive $8 Billion Valuation in New Funding Raise

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Crypto exchange FTX has reached a staggering new valuation after it completed its latest round of fundraising. According to a press release, the company closed $400 million during its Series A round of funding today, which now has FTX valued at $8 billion. Brett Harrison, FTX’s president, says that the crypto exchange’s valuation reflects its rapid growth in 2021 and will serve as the foundation for its future. “FTX US scaled rapidly throughout the course of 2021, and our Series A valuation reflects both what we’ve concretely accomplished and what…

Lack Of Liquidations Could Indicate Another Wave Of Selling

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Bitcoin finally broke below the $40K point this past weekend. This had sent the cryptocurrency back towards six-month lows. One thing though was that liquidations or the digital asset remained lower than expected. The current liquidation volumes lay well below the volumes that have accompanied previous crashes like this one. This could be a very important indicator for the market. Bitcoin Liquidations Remain Low In Shakeout Previously, whenever the price of bitcoin had dumped this hard, liquidation volumes have quickly risen. This is due to the massive sell-offs that follow…

Global Crypto Owners Predicted to Surpass 1 Billion This Year – Featured Bitcoin News

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The number of global crypto owners is expected to exceed one billion by the end of the year, according to a report by Crypto.com. “Nations can no longer afford to ignore the growing push to crypto by the public. We may in many cases expect a friendlier stance towards the crypto industry,” the company said. There Will Be More Than 1 Billion Crypto Owners Worldwide This Year, Report Shows Crypto.com released its “Crypto Market Sizing” report last week showing an analysis of cryptocurrency adoption worldwide. The global crypto population increased…

Ethereum bulls aim to flip $2.8K to support before calling a trend reversal

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The dire predictions calling for the onset of an extended bear market may have been premature as prices appear to be in recovery mode on Jan. 26 following a signal from the U.S. Federal Reserve that interest rates will remain near 0% for the time being.  After the Fed announcement from, prices across the cryptocurrency market began to rise with Bitcoin (BTC) up 4.11% and making a strong push for $39,000. This sparked a wave of momentum that helped to lift a majority of tokens in the market, but at…

Finding Bitcoin’s True Point of Pain, Why Sub $30K Seems Likely

Bitcoin maintains its bullish short-term trajectory into the U.S. Federal Reserve FOMC meeting, suggesting the downtrend might be losing strength. BTC investors have feel the pain in the last weeks, as the cryptocurrency displays a high correlation with the U.S. stock market. Related Reading | Bitcoin Whales Take Advantage Of Market Crash To Gobble Up Millions In BTC As of press time, BTC trades at $38,301 with a 2.3% profit in 24-hours. BTC with moderate gains in the 4-hour chart. Source: BTCUSD Tradingview Data presented by Joe Orsini, Director of…

NFT ‘ETH in Mellieha’ Set to Go on Auction for Legal Rights to Number Plate – Sponsored Bitcoin News

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sponsored ETH in Mellieha is the latest in a long line of NFT experiments that aim to challenge traditional values and concepts of art and ownership. This particular project is being advised by Mamo TCV Advocates, one of Malta’s leading law firms. At the core of ETH in Mellieha is an Oil Painting that No Longer Exists Local artist Debbie Bonello was commissioned to create an oil painting of a car that featured ETH on its number plate. After the painting was finished, it was to be burnt during a…