Tag: funding

Rising Bitcoin futures funding rate signals traders expect $50,000 BTC

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Today Bitcoin (BTC) price rallied to a new all-time high at $44,900 shortly after Tesla announced a $1.5 billion investment. This event triggered $555 million worth of shorts to be liquidated in two hours and it happened as Bitcoin futures open interest reached $13.7 billion, which is just 3% below its historical high. These price moves drastically increased the cost of carrying long positions, mainly for those using perpetual futures. This indicator raised a yellow flag on how leveraged those investors are and their potential price impact. BTC futures open…

Coinsquare launches Quick Trade mobile app with instant funding

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Coinsquare, the Toronto-based digital currency platform, has announced a new mobile trading application designed to simplify the buying and selling of cryptocurrencies in Canada.  Quick Trade was officially unveiled Monday, allowing commission-free transactions of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BTC). A total of 15 trading pairs are available at launch, with “many more digital assets to be onboarded over the coming months,” the company said. The app is available on Android and Apple devices alongside Coinsquare’s existing mobile application, which is an extension of its web-based…

Market Wrap: Bitcoin Descends to $31K as Ether Funding Rates Drop

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Bitcoin has suffered two straight days of selling, bringing the price close to below $31,000. Also, ether funding rates for leveraged positions are cooling after a very heated few weeks. Bitcoin (BTC) trading around $31,850 as of 21:00 UTC (4 p.m. ET). Slipping 8.9% over the previous 24 hours. Bitcoin’s 24-hour range: $31,006-$35,656 (CoinDesk 20) BTC slightly above the 10-hour moving averages but well below the 50-hour on the hourly chart, a sideways-to-bearish signal for market technicians. Bitcoin trading on Bitstamp since Jan. 18.Source: TradingView The price of bitcoin is…

Bitcoin Sheds Thousands Off Price as Funding Rates Reset

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Bitcoin has seen some intense selling pressure throughout the past 12 hours that has caused it to shed thousands off its price This move came about following a failed attempt by bulls to send it up to highs of $38,000 yesterday The rejection here confirms that BTC is still firmly range-bound, with whales selling in the upper-$40,000 region and buying in the lower-$30,000 region So long as bulls continue guarding the support right below where it is currently trading, there’s a strong possibility that upside is imminent One trader is…

Maps.me Raised $50M in Private Funding Round, Plans IEO in Coming Days

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The Maps.me app is not just determined to overhaul the financial ecosystem around the travel industry, it is set to do it by paying attention to all the details of a mainstream functioning crypto ecosystem. Offline mapping service provider Maps.me has secured a fresh $50 million in a private funding round ahead of its proposed Initial Exchange Offering (IEO). As reported by Coindesk, the Maps.me $50 million funding round was lead by Alameda Research and its Chief Executive Officer Sam Bankman-Fried as well as other investors including cryptocurrency lender Genesis…

Deliveroo Secures $180M in Recent Funding, Company at $7B Valuation

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Deliveroo pulled in profits at the “operating level” over the last six months in 2020. British online food delivery company Deliveroo now has a valuation of over $7 billion after a $180 million funding from investors. According to the announcement, the company said that the recent Series H funding round came from existing investors ahead of its initial public offering (IPO). The company’s founder and chief executive, Will Shu, said that the company is “really pleased” as shareholders see growth potentials in the London-based food delivery company. Deliveroo revealed the details of…

SBF leads $50M funding round to bring DeFi to Maps.me’s 140M users

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Leading offline mapping application Maps.me has conducted a $50 million seed funding round to embed decentralized finance tools onto its platform. The funding round for “Maps.me 2.0” was led by Sam Bankman-Fried of Alameda Research and also featured participation from crypto venture heavyweights CMS Holdings and Genesis Capital. Maps.me 2.0 will be a wide-ranging application, featuring travel guides, hotel bookings and mapping services, in addition to exchange features and a multicurrency crypto-asset wallet offering annual yields of up to 8%. Alex Grebnev, the co-founder of Maps.me 2.0, told Cointelegraph that…

Arca secures $10M in Series A funding as traditional financiers back crypto

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Arca, an emerging digital-asset manager, has secured $10 million in Series A funding to bootstrap the next phase of its business strategy — one that could bridge the gap between traditional finance and cryptocurrencies.  In a Wednesday press release, Arca said the funding round was led by venture capital firm RRE Ventures, with key contributions from Alex Tisch, president of Loews Hotels & Co, and a “coalition of financiers led by Littlebanc Advisors.” Arca sai it will use the funding to enhance its infrastructure and digital service offerings, as well…

Checkout.com Raises $450M in Series C Funding

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The Checkout.com Series C funding was led by Tiger Global Management. Checkout.com closed a $450 million Series C round to reach a $15 billion valuation. The cloud-based payments technology company was founded in London in 2012. It focuses on a lot of payment-related functions like approving and processing payments and fraud detection and prevention. It works with e-commerce giants like Farfetch, Mango, Victoria’s Secret, L’Occitane and The Hut Group. Checkout.com endeavors to make its product as customizable as possible to enable clients to integrate it seamlessly into their product. In…