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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Jason’s Twitter thread on the SEC suing Ripple: SEC Complaint: FOLLOW Jason: Listen here: Apple: Spotify: Overcast: More from us: Twitter: Instagram: Official site: Thanks to our partners: Embroker – Get 10% off by using code TWIST at Show notes: 0:00 Jason intros today’s topic: Ripple is being sued by the SEC 1:14 Embroker – Get 10% off by using code TWIST at 2:50 Ripple background, how it is different from Bitcoin? 5:22 SEC lawsuit, CEO front running the story 6:19 Jason…
Bitcoin (BTC) is continuing to rise to new heights above $35,000 on Jan. 6 as U.S. buyers on Coinbase further drive up the price. But the BTC futures market’s funding rate is also surging alongside futures open interest. The combination of a high funding rate, whales in Asia selling, and a record-high futures market open interest raises the chances of a short-term correction. BTC/USDT daily candles chart (Binance). Source: TradingView.com What’s more likely, a correction or a continuation of the Bitcoin rally? Currently, as Mechanism Capital’s Andrew Kang noted, the aggregated open…
With the money from Series E Round, the total funds raised by Graphcore total over $710 million. The company is expecting to have over $440 million of cash on hand post-closing to support future growth. Graphcore, a UK-based semiconductor company that develops accelerators for AI and machine learning, has announced it raised as much as $222 million in a Series E funding round. The company called this funding a “pre-IPO” round as there are rumors that it may go public soon. Graphcore will use the money to expand globally and…
Digital currency exchange Coinbase has awarded its first-ever Bitcoin Core developer grants, and a familiar name is among the recipients. João Barbosa and 0xB10C, the alias of a pseudonymous developer, were selected winners earlier this week. Although the funding amounts weren’t revealed, Coinbase said both developers will “be funded to work on Bitcoin for all of 2021” in amounts payable via BTC or USD. As Coinbase states: Both candidates demonstrated a consistent history of contributing to Bitcoin Core, and provided the Fund’s advisory board […] with a clear, actionable outline…
Casa Verde exclusively focuses on the Cannabis industry with a lot of hope that Cannabis will soon become the most compelling area of investment in their generation. Casa Verde Capital LLC, a company co-founded by Snoop Dogg has rounded up its funding round with about $100 million, a double of its previous funds raised. Casa Verde exclusively focuses on the Cannabis industry with a lot of hope that Cannabis will soon become the most compelling area of investment in their generation. Cannabis investment has over the years grown exponentially. Karan…
Bitcoin has been caught in the throes of an immense bullish trend throughout the past several days, with buyers in full control of its price action as the cryptocurrency puts some serious distance between its recent lows. It is important to note that the recent rejection at $23,700 proved to be quite significant for the cryptocurrency, as its price has been sliding lower ever since. One trader is now noting that where it trends in the mid-term should depend largely, if not entirely, on whether or not bulls can maintain…
United States-bases stablecoin operator Paxos has raised $142 million in fresh funding from investors including PayPal and Mithril Capital. The stablecoin issuer announced the news on Thursday. U.S. investment firm Declaration Partners, backed by billionaire David M. Rubenstein, led the funding round with other participants including RIT Capital Partners plc., Ken Moelis, Alua Capital, and Senator Investment Group. Previous Paxos backers like RFE Ventures and Liberty City Ventures also invested in the funding round. With the close of the $142 million Series C round, Paxos has now raised over $240…
In order to remain competitive in the market, Bolt has also identified the food industry as a lucrative segment. Ride-hailing startup Bolt has announced that it has completed funding led by D1 Capital Partners and managed to raise £150 million ($182 million. The Estonia-based Bolt intends to channel the money to its platform and bolster its safety via facial recognition and AI capabilities. In addition, the company anticipates using the money to expand its ride-hailing to different markets, electric bike and scooter rental and food delivery services. Having experienced a…
Bitso hopes to utilize the newly acquired funds to expand its operations by setting up an office in Brazil. Mexico City-based Bitso cryptocurrency exchange has raised $62 million in a new Series B funding round. According to a Coindesk report on the matter, the Bitso exchange Series B funding round was led by notable fintech VC firms QED Investors and Kaszek Ventures. “We have been talking to QED and Kaszek for a really long time and they have been interested in crypto but hadn’t pulled the trigger until now,” said…