CPI report spurs $932M inflows into crypto investment funds

For those active in the decentralized finance arena, hardly a day goes by without a report of one project or another “exit scamming” its investors. From rug-pulling to fake presales, DeFi experts and novice traders alike are bleeding valuable Ether (ETH) from these scams.With DeFi creating a market segment where project initiation cost is near…

Polygon (MATIC) price is up today, mirroring upside moves elsewhere in the cryptocurrency market as traders assess a mix of fundamental factors.On July 11, the MATIC price rose 2.32% to $0.75, its highest level in a month — outperforming the crypto market, whose valuation stayed relatively unchanged from the previous day at around $1.14 trillion.MATIC/USD…

Bitcoin.com, the Bitcoin (BTC)-related firm backed by crypto evangelist Roger Ver, is planning to launch its $200 million Bitcoin Cash (BCH) investment fund.Ver has announced the news speaking at a Bitcoin Cash meetup in London on Nov. 19, as he tweeted on Nov. 20. The event was hosted by major global crypto wallet Blockchain.com. The…

Major tech and commerce firms have been instrumental in helping China's central bank develop the digital yuan. 2303 Total views 15 Total shares Major Chinese technology and commerce firms are starting to open up regarding their involvement in developing the digital yuan.Ant Group and Tencent Holdings revealed the extent of their collaboration with the People’s…

China’s central bank, the People's Bank of China (PBoC), is extending the activities of its Digital Currency Research Lab beyond the country’s capital, local media outlet CNstock reports September 5.The news reveals that the lab has opened a new fintech research center in Nanjing, the capital of China’s eastern Jiangsu province. The establishment of municipal…

Some experts are still speculating that the final approval of spot Ether exchange-traded funds could allow listing and trading as early as July.

Crypto custody company Anchorage now offers a crypto brokerage service, acquiring Merkle Data to further the service. Anchorage has introduced an institutional crypto trading service called Anchorage Trading, and has acquired institutional-grade risk management and analytics software company Merkle Data to enhance the endeavor, Anchorage co-founder and CEO Nathan McCauley said in a Jan. 15 post…

Another unicorn has entered the race the develop human-level AI.

Bitcoin is likely going to tackle $34,500 today or tomorrow, Michaël van de Poppe says, opening up the road to $36,000 or more. 1906 Total views 7 Total shares Bitcoin (BTC) touched $34,000 on July 24 after the latest resistance flip held to propel the market higher.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin battles $34,000Data…