Charles Cascarilla. Source: A video screenshot, Youtube/CNBC Television Regulated blockchain infrastructure platform Paxos (PAX) has raised USD 300m at USD 2.4bn valuation. The Series D round of funding was led by the US-based venture growth-equity fund Oak HC/FT, with USD 3.3bn in assets under management, said the press release. It included participation from previous investors…
Read more
Source: Adobe/Pixel-Shot Crypto pundits have urged caution after another Elon Musk-fuelled dogecoin (DOGE) rally sent the token up to the verge of the top five coins per market capitalization. DOGE is now testing the waters beneath the USD 0.33 mark, with 24-hour growth of just over 20% at the time of writing (UTC 10:38). It’s…
Read more
Terra’s LUNA token is enjoying a rapid burst of growth, with prices up almost 9% on the past 24 hours – following news that the South Korean firm may be working on local stablecoin-related plans with the nation’s second city, Busan. At 09:05 UTC, LUNA, ranked 21st by market capitalization, trades at USD 18.79 and…
Read more
Bitcoin price gained bullish momentum above the USD 52,000 resistance level. BTC even cleared the USD 53,250 resistance and it is currently (12:00 PM UTC) showing positive signs. If the bulls remain in action, there could be a steady rise towards USD 55,000. Similarly, most major altcoins are extending gains. ETH gained traction and it…
Read more
Coinbase Pro has listed the most popular stablecoin tether (USDT) days after the parent company of the exchange went public, while the company behind the stablecoin has been criticized for lack of transparency. Starting April 22, inbound transfers for USDT are available in the regions where trading is supported, ahead of the start of trading…
Read more
Binance Smart Chain (BSC) project SafeMoon has generated a strong buzz, and a new generation of speculators have flocked into what some warn is Bitconnect-reminiscent (UN)SafeMoon. Hashtag SafeMoon has been trending on Twitter and was a topic of conversation elsewhere, with many unable to decide if it’s a real thing or a scam of some…
Read more
As if one dogecoin (DOGE) was not enough, now they are multiplying – with a gamut of hound-themed clones, knockoffs and imitators attempting to ride on the vapor trail of the breakaway, meme-themed, Elon Musk-championed coin. Worse still, these tokens are currently trending like there’s no tomorrow on the decentralized Uniswap exchange. Per data from…
Read more
A new joint South Korean police-government-regulator crackdown on crypto-related fraud and multi-level marketing (MLM) fraudsters will be complete “by the end of June,” authorities stated, as Seoul moves to stamp out bogus and illicit crypto operators. Per Seoul Kyungjae and the Segye Ilbo, a number of vice ministers met the heads of financial regulators and…
Read more
Bitcoin price managed to stay above the USD 54,000 support zone. BTC started a fresh recovery wave and it climbed above the USD 55,500 level. It is currently (12:30 PM UTC) showing a few positive signs, but it could face hurdles near USD 56,500. Similarly, most major altcoins are attempting a fresh recovery. ETH is…
Read more
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Stablecoin news The Facebook-backed Diem Association (formerly Libra) is aiming to launch a pilot with a single stablecoin pegged to the USD in 2021, CNBC reported, citing an undisclosed person familiar with the…
Read more
