Tag: funding

Funding Rate of Digital Assets: How to Avoid Being Misled

boss

The funding rate is an essential mechanism to allow derivative instruments to track the spot price of their underlying asset. Since the “digital Sleeping Beauty,” Bitcoin (BTC), woke up about two months after its third halving in mid-May 2020, we have read a lot about the “funding rate” of digital assets futures — from good to completely misleading reports. We just wanted to chime in on that trendy topic. What is the funding rate? First, it is important to understand what this “funding rate” is, as it only relates to…

As Bitcoin Pushes $11,500 Top, Funding Rates Drop: Why This Is Bullish

boss

Earlier this week, Bitcoin topped out at $11,500 — a historically important price point. The leading cryptocurrency proceeded to drop by approximately 7% to $10,600 in the 24 hours that followed the high. After consolidating between $10,800-11,200, Bitcoin is breaking higher once again. Just minutes ago, BTC pierced $11,400 for the first time since the aforementioned highs. Chart of BTC’s price action over the past few days from TradingView.com While some are fearing a similar rejection to the one Bitcoin faced earlier this week, derivatives data shows that BTC is…

Tesla’s Rival Xpeng Motors to Raise $300M in Funding before U.S. IPO

boss

Xpeng Motors is said to be going to raise over $300 million in new funding, ahead of its U.S. IPO listing. Chinese electric vehicle major manufacturer Xpeng Motors, which is considered to be a huge competitor to Tesla Inc (NASDAQ: TSLA) in China, is said to be in talks to raise over $300 million in funding. Although not confirmed by the company nor the investors, a person familiar with the inside happenings opened up to media outlet CNBC. According to the source, Qatar’s sovereign wealth fund, the Qatar Investment Authority,…

Bulls Control Bitcoin Price Even as Funding Rates Reach Record Highs

boss

Bitcoin (BTC) price finally woke up and surged to a new 2020 high but as the markets surged past $10,000, some traders seem to have opened excessively leveraged long positions.  This effect became more noticeable as the funding rate for perpetual contracts reached the second-highest level this year at 12.4% per month. Funding alone shouldn’t be considered a red flag, especially in short-term periods. The problem lies mostly in contango, also known as futures basis, which has been unusually high in the past couple of days. This indicates that professional…

Elon Musk’s SpaceX to Raise $1 Billion in Private Funding

boss

Space Exploration Technologies SpaceX is set to raise $1 billion in a private N-series funding round. With the funds, the firm will be at an advantage to bolster its operational funding gap Elon Musk’s popular Space Exploration Technologies, SpaceX is in tune to raise a private N series funding ranging from $500 million to $1 billion. The private tech company aims to utilize the proceeds from the funding to conduct suborbital and orbital test flights of its Starship and SuperHeavy booster launch vehicle and also to commercialize its Starlink satellite…

Tesla Rival Xpeng Motors Raises $500M in Recent Funding

boss

Chinese electric car company Xpeng Motors began delivering its P7 sedan model last month, which is almost similar to Tesla Model 3. In fresh funding, Chinese electric vehicle company Xpeng Motors has managed to raise a total of $500 million from different private investors. Some of the investors who took part in the Xpeng Motors funding include Aspex, Coatue, Hillhouse Capital, and Sequoia Capital China. Also known as Xiaopeng Motors or XMotors.ai is a company headquartered in Guangzhou but with international offices located in California, United States. Last year around…

Teller Raises $1M in Seed Funding to Bring Credit Scores to DeFi

boss

Decentralized lending startup Teller has raised $1 million in a seed funding round led by Framework Ventures to build the first algorithmic credit risk protocol for decentralized finance (DeFi). The solution will interact with legacy credit scoring systems, like Equifax, to provide aggregated data into the DeFi lending markets. Parafi Capital and Maven11 Capital also participated in the investment round. “We need solutions that offer seamless transitions between traditional finance and DeFi,” Framework Ventures co-founder, Michael Anderson said. “Credit scores are the mainstay of the lending world, and interoperability with…

Blockchain-Based Fantasy Football Gaming Startup Sorare Raises $4 million in Seed Funding Round – Blockchain News, Opinion, TV and Jobs

boss

Fantasy football gaming startup Sorare has raised $4 million in a seed funding round with E.ventures leading the round, with participation from German professional footballer Andre Schurrle, Ledger co-founder Thomas France, and venture firms Partech, Fabric Venture, and Semantic Ventures. According to Sorare’s press release, the trading platform’s revenues have increased tenfold in the past six months, going from $ 30,000 in December 2019 to $ 350,000 in June 2020. The investment will allow the company to strengthen its team to respond to rapid growth. “We are excited to share…

Blockchain-Focused Fund COSIMO X Acquires Seven-Figure Funding from RIT

boss

COSIMO Ventures, an investment firm situated in Boston and Dublin, recently announced that the Rochester Institute of Technology (RIT) has endorsed them with a seven-figure investment. The company disclosed in a recent securitized announcement with Blockchain.news that the venture capital firm was working on developing their new blockchain-focused tokenized trust, dubbed COSIMO X. Managing Partner of COSIMO Ventures, Robert Frasca asserted that this was the first time any university in the United States had ever directly invested in a tokenized venture fund, making RIT the first university to hold a direct tokenized economic…

Digital Asset Insurance Company Evertas Raises $2.8 Million in Equity Funding – Blockchain News, Opinion, TV and Jobs

boss

Digital asset insurance company Evertas has completed a Seed Stage funding round and raised $2.8 million. The funding round was led by Morgan Creek, who were joined by Plug n Play, Kailash Ventures, RenGen, Vy Capital and Wavemaker Genesis. J Gdanski, CEO and Founder of Evertas, said: “We believe we are the only company in the world focused solely on providing insurance coverage for cryptoassets and users of blockchain systems. We are unique in that we offer the full suite of services for these assets – from risk audits, to underwriting, investigations and claims…