Valkyrie, a cryptocurrency asset manager, has raised $10 million in a Series A financing
Valkyrie’s fundraising drew a broad group of crypto investors, including Litecoin creator Charlie Lee. Valkyrie Investments , a digital asset manager and proponent of the Bitcoin (BTC) ETF, has closed a $10 million Series A financing round, showing increasing investor interest in crypto-focused companies. The financing round included XBTO, BTC Media, UTXO Management, Consolidated Trading, […]
Ethereum soared more than 6.5 percent to $2,370, its highest level in over two weeks
On Sunday Ethereum, the second-largest cryptocurrency by market capitalization topped $2,350, its highest level since June 18. Investors’ demand for Ethereum is being fueled by the price stability of bitcoin and the expectation of significant protocol improvements. Despite Friday’s expiry of $230 million in Ether (ETH) options, investors seem to be cautiously optimistic about the […]
‘It’s an Asset Class That We Cannot Ignore Anymore,’ Says the Philippine Stock Exchange Cryptocurrency Trading
The Philippines’ national stock exchange, the PSE, describes cryptocurrencies as “an asset class that we cannot ignore any longer.” Cryptocurrency trading, according to the stock exchange, “should be done at the PSE” because of its infrastructure and investor safety protections. The Philippine Stock Exchange (PSE), the country’s national stock exchange, is said to be considering […]
“No, Americans Aren’t Investing in Bitcoin Because They Hate Wall Street” Says Bank of International Settlements
The Bank of International Settlements has produced a study paper claiming to reject the hypothesis that bitcoin investors are “motivated by distrust in fiat currencies or regulated finance.” In brief, research by the Bank for International Settlements finds that crypto investors don’t hate banks after all. Those who are anti-fiat check out crypto but don’t […]
Expect Dogecoin to fall towards $0 this year and die a slow death, says analyst
Over the last few days, Dogecoin, the leader of the meme-coin pack, has been stuck in a standstill. At press time, the price of the ailing sixth-largest crypto was fluctuating about the $0.2-range, with the normal exhilaration and excitement in the DOGE market seemingly fading. DOGE was trading at $0.2405 at the time of writing, […]