The company said it raised $30 million from Hyundai, $20 million from the automobile manufacturer Kia, and $50 million from the Catalyst Fund by Samsung and other participating investors in the round, including Fidelity Ventures, Eclipse Ventures and Maverick Capital. Continue Reading on Coin Telegraph More
In a court filing on Aug. 2, FTX argued that its Dubai unit didn’t conduct any business before the bankruptcy filing; thus, the subsidy is unlikely to rehabilitate its operations. The court will start its first hearing on the issue on Aug. 23.Continue Reading on Coin Telegraph More
In today’s data-driven world, organizations of all sizes are inundated with vast amounts of information. Extracting actionable insights from this data can be overwhelming and time-consuming. Continue Reading on Coin Telegraph More
Market analysts note that this rare long-term signal has only flashed twice previously, with this present instance marking the third occasion in BTC history, and in all cases, new all-time highs were hit between 400 and 500 days later., the fourth-largest cryptocurrency, has also been observed to have triggered this type of golden cross on its three-day chart.XRP/USD 3-Day Chart, Courtesy: By definition, a golden cross is a chart pattern that occurs when a very short-term moving average crosses above a long-term moving average.The golden cross implies the prospect of a long-term bull market emerging, as long-term indicators often carry more weight. High trading volumes tend to strengthen the indicator.Regardless, some analysts refer to golden crosses as “lagging” indicators, implying that the data required to create the pattern has already happened.Though the golden cross may indicate a long-term bull market going forward, the truth remains that no indicator can truly predict the future. Many times, an observed golden cross produces a false signal, failing to manifest.BTC/USD 3-Day Chart, Courtesy: According to data, the world’s largest digital asset was trading at $29,137 at press time, down 1.23% on the day. XRP has dropped 4.50% in the last 24 hours to $0.665, mirroring the general market fall.Since reaching a high of $0.938 on the back of a on July 13, XRP has slowly dropped. The bulls sought to push a rally that reached highs of $0.853 on July 19, but it failed to hold.XRP anticipates positive catalysts in the coming days that might see its price target the $1 mark. In positive news, leading cryptocurrency exchange Bitstamp teases significant announcements for XRP.This article was originally published on U.Today More
According to data from Santiment, Bitcoin supply on self-custodial wallets has reached 18.39 BTC, marking a new ATH. Per the market intelligence platform, this amount has been constantly rising since December 2018 with a few declines in October 2019 and February 2021.BTC price, weekly volatility and supply outside exchanges – Aug. 3 | Source: SantimentHowever, Bitcoin is down by 1.3% in the past 24 hours and trading at around $29,030 when writing. The asset’s 24-hour trading volume is also down by 24%, currently at $15.5 billion, with a total market capitalization of over $564 billion.Moreover, the one-week price volatility of Bitcoin has been consistently rising since August 1, suggesting a spike in short-term traders. Per Santiment, on a seven-day average, BTC’s price volatility rose from 0.0034 on August 1 to 0.0062 at the time of writing.According to a report on August 2, the flagship cryptocurrency briefly touched the $30,000 mark as the price drop below the $29,000 mark sparked a significant rise in whale transactions — each consisting of over $1 million worth of BTC.Furthermore, the business intelligence company MicroStrategy reportedly prepares to accumulate more Bitcoins while selling 750 million shares of its stock.This article was originally published on Crypto.news More
Local digital asset firm HashKey has successfully obtained all necessary licensing to expand its business from serving professional investors to taking on retail users.Continue Reading on Coin Telegraph More
The three industries most affected by cyberattacks are finance, healthcare and government, according to the BlackBerry report. A commodity malware named RedLine is one of the long-standing financial threats tasked with harvesting cryptocurrency and banking information.Continue Reading on Coin Telegraph More
HashKey said it received a licence update from the Hong Kong Securities and Futures Commission, allowing the exchange to expand its business scope from serving professional investors to retail users.The Hong Kong-based exchange received a licence to operate in the city last November, making it one of two licensed crypto exchanges in Hong Kong besides rival exchange OSL.The city has been pulling out all the stops in its bid to emerge as a global crypto hub, from courting mainland China crypto funds to floating plans of testing a digital dollar in its mortgage market.In June, banking regulator Hong Kong Monetary Authority (HKMA) said that it had, in April, asked lenders operating in the region to try and meet the business needs of licensed crypto exchanges. More
