Apecoin DAO community members have approved a governance proposal that will fund a Bored Ape Yacht Club (BAYC)-centric news publication called the Bored Ape Gazette with $150,000 for the first year. While the Bored Ape Gazette has been in operation since June 1, 2021, the site’s operator promises to “keep the community better informed” with plans to “ramp up” Bored Ape news coverage. Apecoin DAO to Fund a Bored Ape-Focused News Site for 12 Months Members of the Apecoin DAO have hired their own news publication for the next 12…
Tag: funding
Call for Creation of Common African Digital Currency, Kenyan Activists Turn to Crypto Funding, Ghana on the Brink – Africa Bitcoin News
In Bitcoin.com News’ inaugural newsletter featuring the biggest crypto and economic news stories from Africa, the head of an African regional central bank, Herve Ndoba, implores the bank’s board to introduce a common digital currency. At the same time, the regional bank warned that the Central African Republic’s bitcoin law is incompatible with regional laws. Meanwhile, Kenyan activists have said cryptocurrencies can potentially create new ways for young people to earn. The latest Visual Capitalist rankings of countries with the highest default risk in 2022 show Ghana as the first…
Cross-Chain Bridge Nomad Reveals Crypto Heavyweight Backers for $22.4M Funding Round
The newly announced backers included the venture capital arm of crypto exchange Coinbase, non-fungible token (NFT) marketplace OpenSea, Crypto.com Capital, crypto market-maker Wintermute, decentralized finance (DeFi) platform Gnosis and the Polygon blockchain. The round was led by crypto investment firm Polychain. Source
Aptos Labs Raises $150M to Revive Diem in FTX Ventures-Led Funding Round
Layer 1 blockchain Aptos Labs has raised $150 million in a Series A funding round led by FTX ventures, taking the total raised this year to $350 million. Source
Barclays Expected to Invest 'Millions of Dollars' in Copper's Funding Round: Report
U.K. bank Barclays is among the investors in cryptocurrency custody firm Copper’s $2 billion funding round, according to a report by Sky News. Source
Bitcoin Funding Rate Remains Positive, More Decline Soon?
On-chain data shows the Bitcoin funding rate is still at a relatively high positive value, suggesting that the crypto might see more decline in the near term. Bitcoin Funding Rate Has Been At A Positive Value During The Last Few Days As pointed out by an analyst in a CryptoQuant post, the current funding rate suggests that the price is in a new decline right now. The “funding rate” is an indicator that measures the periodic fee that traders in the Bitcoin futures market have to pay each other. When…
Funding Rates Return To Neutral Following Bitcoin Relief Rally
Bitcoin funding rates had seen a very negative month between mid-June and mid-July. The funding rates, which had previously remained muted, quickly declined below neutral and proceeded to spend the next one month on this level. However, there is a significant change as last week saw funding rates return to neutral. Funding Rate Recovers On Exchanges The bitcoin funding rates had been touching low points as the price of the digital asset struggled. This was concerning given that funding rates were expected to improve as the digital asset began to…
FTX and FTX US seek even more funding following acquisitions: Report
Crypto exchange FTX and its United States subsidiary FTX US have reportedly each set new fundraising targets following the firms planning several high profile acquisitions and credit lines to firms. According to a Wednesday report from Bloomberg, FTX co-founder Sam Bankman-Fried discussed raising money matching that of a January funding round in which the firm closed on a $400 million round, bringing it to $32 billion in valuation. FTX US reportedly set similar goals, having raised $400 million in January to reach an $8 billion valuation. The report followed both…
Argentinian Exchange Buenbit Launches Crypto Loans, Plans New Funding After Layoffs
Users of the platform will be able to use MakerDAO’s stablecoin, DAI, as collateral and withdraw up to one million nuARS, a stablecoin tied to the Argentine peso, the company said in a statement. At the current exchange rate, the maximum amount is equivalent to $3,333. Source
Bitcoin Marks One Month Of Negative Funding Rates, More Decline Incoming?
Bitcoin funding rates had first fallen below the neutral level last month. Before that, the funding rates had been fluctuating at and below neutral for the longest time. This new trend has lasted longer than expected as the digital asset’s price continues to struggle. In this report, we take a look at the state of bitcoin funding rates as well as the implications if the present trend continues. Funding Rates Below Neutral When bitcoin funding rates had first fallen below neutral in June, the price of the digital asset was…