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While the blockchain network Solana’s native token has skyrocketed in value this week jumping 31.4%, the Solana-based perpetual swap platform Drift Protocol announced it raised $3.8 million from strategic investors. At the same time, Drift announced the launch of its alpha mainnet after several months of “grind, hard work, debugging, building security guardrails.” Solana Perpetual … Read more
The team behind the platform that allows users to track data on the Ethereum blockchain, Dune Analytics, announced the firm has raised $8 million from strategic investors like Union Square Ventures. Dune Analytics detailed the firm plans to leverage the new financing in order to hire more help and monitor other blockchains. Crypto Metrics Provider … Read more
RUNE has rallied to all-time highs after Multicoin Capital revealed it has accumulated a large position. Go to Source Powered by WPeMatico
Crypto traders and speculators have been discussing the digital currency XRP (ripple) lately because the price has been stagnant compared to other digital assets. Some venture capitalists and analysts plan to short XRP, while other speculators believe the crypto is poised for a price jump in the future. Additionally, crypto enthusiasts have been discussing Ripple … Read more
In today’s edition of The Daily, we focus on an Israeli crypto security startup that has raised $30 million in funding from a number of notable companies. We also look at how tokens are being used to clean up the environment, as well as efforts by major auditing firms to service clients in the cryptocurrency … Read more
Declining cryptocurrency prices make a lot of people uneasy, for obvious reasons. This is especially troublesome where the many cryptocurrency hedge funds are concerned. Even so, there is room for optimism. According to Multicoin Capital, both Ethereum and EOS are still in good places, whereas XRP and Litecoin may face more struggles. Multicoin Capital Remains … Read more
Even though the current market momentum might not warrant any excitement, cryptocurrency hedge funds are still quite popular. Union Square Ventures has recently made a strategic investment in Multicoin Capital. This relatively new crypto hedge fund has attracted a lot of attention of late. The Appeal of Multicoin Capital As the name of this hedge … Read more
The violent crypto bear trend of 2018 has proved too much for many cryptocurrency hedge funds. The average performance of crypto funds has been a loss of over 20% so far this year, with at least nine crypto hedge funds having been reported to have ceased operations. Also Read: Markets Update: Cryptocurrency Prices See Some Slight … Read more
With bitcoin hovering at around only $9,000 and the entire cryptocurrency market at similar low levels, short term speculators are acting as if a great calamity is upon us. Long term investors on the other hand are just entering the ecosystem now and building up a portfolio of assets that offer growth opportunities uncorrelated to … Read more
Last year bitcoin had a phenomenal run leading up to its all-time high of $19,600 per BTC this past mid-December. The price over the past few weeks had since dipped to a low of $5,900 on Monday, February 5, losing close to 65 percent of its value in a short period. The dip has ‘rekt’ … Read more
