Tag: funding

Bitcoin Funding Rate Turns Highly Positive, Long Squeeze In The Making?

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Data shows the Bitcoin funding rate has increased to a relatively high positive value recently, something that could lead to a long squeeze in the market. Bitcoin Funding Rate Becomes Positive As Open Interest Rises Up As pointed out by an analyst in a CryptoQuant post, the BTC funding rate has a positive value at the moment. The “open interest” is an indicator that measures the total amount of positions currently open in the Bitcoin futures market. When the value of this metric is high, it means there is a…

Paradigm Leads $16M Funding Round for Hang

“Hang offers brands a new way to offset these acquisition costs and increase the value of their existing user base, by harnessing the unique advantages of NFT technology to transform the relationship they have with their customers and build a new one rooted in shared incentives, reciprocity and community,” he added. Source 16MfundingHangLeadsParadigm CryptoX Portal

Monopoly Millionaire Game Raised $1 Million in Seed Funding – Press release Bitcoin News

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press release PRESS RELEASE. Monopoly Millionaire Game, a marine-themed GameFi that involves island construction, cultivating, shooting and more, announced that it has completed a seed funding of 1 million US Dollar. By this round of funding, MMG was valued at 10 million US Dollar. Mirana Ventures led the seed funding round. Other notable investors included Kernel Ventures, Mint Ventures, Crypto J, and Ventorylabs. MMG Team said it will use the fund to help realize the MMG GameFi vision and attract more users to participate in the Web3 games. In MMG,…

Crypto broker goes bankrupt, Bitcoin miner capitulates and China VC funding soars

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Those of us anxiously awaiting a summer relief rally for Bitcoin (BTC) may have to wait a little while longer. The bear market is still cleansing us of our excess — and revealing the most toxic players in our industry. I’ve talked to you about Terra (LUNA) — now renamed Terra Classic (LUNC) — Celsius, Three Arrows Capital, BlockFi — what about Voyager Digital? The crypto broker filed for Chapter 11 bankruptcy this week, putting hundreds of thousands of creditors on high alert.  This week’s Crypto Biz newsletter dissects Voyager’s bankruptcy…

Bitcoin Funding Rates Are Climbing As Price Continues To Struggle

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Bitcoin has been struggling over the last couple of weeks and funding rates have responded in different ways to the price. Instead of a rise in funding rates when the price had begun to plummet, they had stayed muted and had even begun to decline, especially during the past week. However, this is changing as the price of the digital asset has begun to take a turn for the better. Funding Rates Recover Bitcoin funding rates declined to one of their lowest points last month and this had been when…

Animoca Brands Leads $32M Funding Round for Planetarium Labs

The Libplanet technology was used in the open-source online role-playing game Nine Chronicles, which has more than 300,000 users and backers that include Animoca Brands, Binance Labs and Ubisoft. Nine Chronicles will launch a “Chapter 3” update next week with a slate of new features, including dual staking programs and player championships, Seo said. Source