This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
Back in February this year, Reddit raised $410 million from Fidelity in a Series E funding round. The total funds brought by the round made up $500 million, which made the company’s valuation total $6.5 billion.
Facebook has notably maintained that its acquisitions are not targeted at stiffening competitions.
As China gets stricter with its regulatory rules, a lot of issuers get more panicking, but Hong Kong’s IPO pipeline continues to remain strong.
With digital currencies gaining increasing awareness by the day, there is a high likelihood that more inflow of funds will be coming into the space.
Government officials claim that, based on a month-to-month basis, the CPI increased by 0.5 percent in the month of July alone.
The Neuberger Berman’s Commodity Strategy fund will offer crypto exposure through Bitcoin and Ethereum futures, Bitcoin trusts or exchange-traded funds.
Gensler believes that the SEC should regulate crypto, as well as monitor transactions and platforms, to protect investors from the sector.
The bigger $3.5 trillion budget package passed by the American Senate has been tagged as a complementary expenditure plan to the $1 trillion infrastructure bill passed on Tuesday.
It was also revealed that the Senate Minority Leader Mitch McConnell questioned why the government would be spending trillions “when inflation is already sticking American families with higher costs.”
Besides rebranding its compliance procedures, BitMEX also affirmed it is diversifying its services beyond the legacy derivatives product it is known for.
Despite great results in Q2, Coinbase stock plunged yesterday. It closed at $269.67, or 3.85% down, with a $58.98 billion market cap. After hours, its price slightly rebounded to $271.88.
The SEC has now filed a motion requesting ‘terabytes’ of additional Slack info from Ripple as part of its case against the blockchain company.
In its first appearance in the market after raising $3.8 billion in its IPO, the shares of Krafton, Tencent-backed South Korean company behind blockbuster video game PlayerUnknown’s Battlegrounds (PUBG), dropped by as much as 20 percent. It later was trading at 13.5 percent lower at 10:48 a.m. in Seoul, thereby giving it a market valuation […]
Stocks of major vaccine makers rose on Monday amid renewed outbreak of COVID-19. Moderna CEO adds that vaccine makers have a huge opportunity for growth.
Additionally, AMC company noted that it will begin accepting Apple Pay and Google Pay by the end of this year.