Crypto projects need more visionary funding for long-term growth

Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.This week has been full of funding raises, innovations, service deployments and a bit of volatile technical price action — for a change.Axelar Network attains $1B valuation following secondary raiseThe Axelar Network announced the completion of a $35-million Series B funding round this week, elevating its…

Cryptocurrency mining firm Argo Blockchain has reduced its debts to $75 million through the first half of 2023. 179 Total views 1 Total shares The mining company, which has been one of a number of firms to struggle amid negative market conditions and a highly-competitive mining ecosystem, reported half year net losses of $18.8 million…

The price of Bitcoin (BTC) saw a correction in the run-up to the record options expiry last Friday. However, nothing happened despite some expecting a massive move on the same day. The actual correction occurred before the event. On the day itself, Bitcoin’s price has bottomed out and began to rally.The ongoing rally above $59,000…

Another crypto player has taken steps to go mainstream, but a lot of work still remains ahead. 1610 Total views 4 Total shares Bitcoin (BTC) payments giant BitPay aims to form a national trust bank, based on its recent filing with the United States Office of the Comptroller of the Currency.“We confirm BitPay has filed…

The dedicated office would oversee "all non-defense related deployment and activities related to blockchain technology within the Federal Government.” 4565 Total views 42 Total shares A new bill filed on Thursday, H.R.9067, seeks to create an office that will “coordinate” federal applications of blockchain technology. Sponsored by Rep. Darren Soto, a Democrat representing Florida’s 9th district,…

Saturday, Jan. 26 — most of the top 20 cryptocurrencies are reporting slight gains on the day to press time. Bitcoin (BTC) is hovering over $3,600 again, according to Coin360 data.Market visualization from Coin360At press time, Bitcoin is seeing no significant price change on the day, trading at around $3,607, according to CoinMarketCap. Looking at its…

The “Clarity for Digital Tokens Act of 2021” bill seemingly builds on an initiative from SEC commissioner Hester Peirce, who has called for creating a safe harbor for projects that raise funds to build decentralized networks. 140 Total views 2 Total shares North Carolina House Representative Patrick McHenry has proposed a bill which would amend…