“By extending SQL to decentralized data, building on Web 3.0 becomes native to all developers. Whether you have a social network, a data analytics service, or a complex machine learning algorithm, porting applications from Web 2.0 to Web 3.0 with KwilDB requires no changes to your current data or skill set,” wrote the Kwil team on the website. Source
Ethereum funding rates had taken a beating after the Merge was completed. This event was the single most anticipated upgrade in the history of the network, and it had affected both price and funding rates in adverse ways. However, as the market begins to settle into the new normal of Ethereum being a proof of stake network, things are beginning to stabilize. One of those is funding rates returning to pre-Merge levels. Funding Rates Stabilizing The days leading up to the Ethereum Merge had been extremely volatile for the crypto…
3Commas, an automated crypto trading bot platform, has raised $37 million in a Series B funding round led by investment firms Target Global, Alameda Research and Jump Crypto, as well as Dmitry Tokarev, founder and CEO of crypto custodian Copper. The funding will be used to advance bot technology, expand the trading ecosystem and enhance developer tools for creating apps for the 3Commas ecosystem, according to a press release. Source 37M3CommasAlamedaAutomatedCryptofundingJumpLeadPlatformResearchTrading CryptoX Portal
3Commas, an automated crypto trading bot platform, has raised $37 million in a Series B funding round led by investment firms Target Global, Alameda Research and Jump Capital, as well as Dmitry Tokarev, founder and CEO of crypto custodian Copper. The funding will be used to advance bot technology, expand the trading ecosystem and enhance developer tools for creating apps for the 3Commas ecosystem, according to a press release. Source
Data from Cointelegraph Research reveals that in August 2022, the blockchain industry saw $1.36 billion of venture capital invested in the blockchain industry — a 12-month low and the fourth consecutive month-on-month decline in capital inflows. August’s inflows represent a 31.3% drop from July’s $1.98 billion, and the 101 deals closed in August had an average capital investment of $14.3 million — a 10.1% decline from July. The data was drawn from the Cointelegraph Research Terminal’s Venture Capital Database, which contains comprehensive information on deals, mergers and acquisition activity, investors,…
In a statement, the founder and CEO of Vulcan Forged, Jamie Thomson, said, “As we look to expand into new markets like North America and open our office in New York City, we believe that now is the perfect time to capitalize on our momentum with a strategic investment from Anthony Scaramucci and his team at SkyBridge Capital.” Source
A popular trade drove up funding rates to lifetime highs for ether futures. Source
Integral builds financial management software for Web3 teams. Real-time analysis of items such as profit and loss statements, balance sheets and cash flow is valuable for all companies, but especially crypto companies, as the difference in a few days of making financial decisions could be worth millions in crypto assets. According to a statement from Integral, the company has helped process about $5 billion in crypto transactions over the past five months. Source
The amount transferred by three Islamic extremists is estimated at around 280,000 euros, one news outlet reported. Source
Bitcoin has seen fluctuating sentiment lately. With numerous dips and recoveries, it is no surprise that investors have had a hard time deciding on which side of the fence to sit on. However, while retail investors seem to be uncertain about the market, there has been some growth in both the funding rates and the open interest over the last week, showing that positive sentiment may be stabilizing. Funding Rates Recover Over the last couple of weeks, bitcoin funding rates have been consistently below neutral. This coincided with the times…