VC Roundup: Blockchain-AI startups grab investors’ attention
This edition of Cointelegraph’s VC Roundup features Lombard, Redacted, RedStone, Covalente, and more.
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Crypto and stocks soften ahead of Fed rate hike, but XRP, ALGO and LDO look ‘interesting’
Prices remain soft across the market as traders await Federal Reserve Chair Jerome Powell’s statement on the size of the next interest rate hike. At the moment, the market consensus is a 0.75 bps rate hike and a sliver of analysts are banking on 1%. Stocks also appear en-route to close the day in the red,…
Dfinity, Cambodia agree on advancing smart city innovation
The Swiss-based backer of the Internet Computer Protocol will provide training and entrepreneurial support as well as decentralized computing.
Bitcoin yo-yos on US macro data amid call for BTC price to retest $17K
Bitcoin (BTC) flashed volatility at the Jan. 6 Wall Street open after fresh United States economic data disappointed risk-asset bulls.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: BTC price in line for $17,000 retestData from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $16,669 on Bitstamp around non-farm payrolls and unemployment figures.Both those came in better…
Coinbase Welcomes Compound DeFi to its Platform
Coinbase has listed Compound's COMP asset. 625 Total views 14 Total shares Coinbase announced support for COMP, the token of decentralized finance, or DeFi, project, Compound. "Coinbase customers can now buy, sell, convert, send, receive, or store COMP. COMP will be available for customers in all Coinbase-supported regions, with the exception of New York state," the…
Cardano breaks out vs. Bitcoin as ADA price discovery nears $2
The current "alt season" has produced serious returns but remains subdued when viewed in BTC terms. 6626 Total views 44 Total shares Cardano (ADA), the native token of the smart contract platform of the same name, has joined the altcoins hitting new all-time highs this week.ADA/USD 1-day candle chart (Binance). Source: TradingviewCardano underscores "alt season…
Bitcoin Safe Haven Narrative in Question After Biggest Drop in 7 Years
Bitcoin (BTC) price is slowly recovering, reaching $5,500, after last week’s Black Monday style market meltdown which led to Bitcoin price pulling back sharply as traditional markets suffered the third worst trading day ever. Monday’s correction was followed by major cryptocurrencies - Ether (ETH), XRP, and Bitcoin Cash (BCH) all losing 11.6%, 8.3%, and 4.2%,…
McAfee: Bitcoin’s Scarcity Will Trigger Its Price to Hit $1M in 2020
Major Bitcoin (BTC) bull, programmer and 2020 United States presidential campaigner John McAfee has explained why Bitcoin will hit $1 million in 2020.“I said $1 million and I’m sticking to one”McAfee, known for his brave prediction that the biggest cryptocurrency will hit $500,000 in 2020, has defended his recently doubled down bet that Bitcoin will…
Physically-Backed Binance Coin ETP Launches on Swiss Stock Exchange
Cryptocurrency exchange Binance has launched a dedicated exchange-traded product (ETP) for Binance Coin (BNB) on a Swiss Stock Exchange.Binance Coin goes after pro investorsIn a press release seen by Cointelegraph on Oct. 15, Binance confirmed the BNB ETP would trade on the SIX Exchange from Tuesday.The ETP comes via a partnership with Amun, a local…