Valuation

DCG Reaches $10 Billion Valuation in Secondary Sale Led by Softbank and Capitalg

Source Node: https://news.bitcoin.com/dcg-reaches-10-billion-valuation-in-secondary-sale-led-by-softbank-and-capitalg/
Time Stamp: November 2, 2021 2:30 AM - Modified On: November 2, 2021 - Published By:
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Digital Currency Group (DCG), a Manhattan-based, crypto-focused VC conglomerate, has reached a $10 billion dollar valuation in a secondary sale where existing investors sold part of their shares to new ones. The funding round was led by Softbank and also included participation from Capitalg, Google’s investment firm. $700 million worth of shares changed hands via the sale. Digital Currency Group Sells $700 Million in Secondary Sale Round Digital Currency Group (DCG), a crypto-focused company, announced a secondary sale where existing investors sold part of their shares to newcomers to the

What is Dragonbite? (BITE)

Source Node: https://www.asiacryptotoday.com/dragonbite/
Time Stamp: October 20, 2021 9:17 AM - Modified On: October 20, 2021 - Published By:
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DragonBite is an open decentralized asset management platform for customers to store and swap all digital assets in one app. Retail customers have always been big fans of loyalty programs, not only to express their approval of a product or a service but also because of the exciting perks that come with them. The problem is, the rules of these programs are often restrictive, and their rewards are too limited resulting in slim benefits for consumers, which they cannot enjoy. Fortunately, blockchain can change all of this.  Table of Contents Background 

Bakkt Holdings Set to Go Public on New York Stock Exchange

Source Node: https://beincrypto.com/bakkt-holdings-set-to-go-public-on-new-york-stock-exchange/
Time Stamp: October 18, 2021 12:50 AM - Modified On: October 18, 2021 - Published By:
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Crypto asset custodial and trading platform Bakkt will be listed for trading on the New York Stock Exchange under the ticker BKKT from Oct 18, 2021. The company is owned by International Exchange Incorporated, which owns the NYSE. Sponsored Sponsored Bakkt Holdings has a current valuation in excess of $2 billion. Coinbase, a competitor to Bakkt, was also listed on the NASDAQ in its own IPO in April of this year.  The company first announced in January that it was making plans to go public, and is now ready to

Chainlink has high upside potential, but are there true entry points

Source Node: https://ambcrypto.com/chainlink-has-high-upside-potential-but-are-there-true-entry-points/
Time Stamp: October 8, 2021 9:30 PM - Modified On: October 8, 2021 - Published By:
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With Bitcoin leading the market gains showing close to 16.90% weekly price rise, the rest of the market has stayed rather calm. While on the back of Bitcoin gains, the market seems to be witnessing a steady upward movement, most alts have failed to surprise the market. Chainlink, the 15th ranked alt by market cap, has also had a rather stagnant price action.  Nonetheless, while the alt’s long-term prospects looked appealing the market confidence around the alt seemed to be lacking, so where could LINK go from here? Classic case

The correlation between Bitcoin and S&P 500 has these implications

Source Node: https://ambcrypto.com/the-correlation-between-bitcoin-and-the-sp-500-has-these-implications/
Time Stamp: September 15, 2021 10:30 PM - Modified On: September 15, 2021 - Published By:
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The on-going corrections being witnessed in the U.S. stock market has managed to fuel in fear amongst people from the crypto space too. Even though they represent completely different spectrums of the financial landscape, both the markets have historically, maintained an on-and-off relationship. Source: TradingView Altering dynamics Interestingly, both markets have witnessed major bull and bear phases in synchronization. Earlier in March this year it was proved that the crypto space is not immune from big crashes witnessed in the traditional financial world. Right after that in April, it was

This is driving Dubai’s cryptocurrency market to do ‘fantastically well’

Source Node: https://ambcrypto.com/this-is-driving-dubais-cryptocurrency-market-to-do-fantastically-well/
Time Stamp: August 30, 2021 5:30 AM - Modified On: August 30, 2021 - Published By:
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Dubai and the larger UAE have long been touted as rising tech and innovation hubs, providing entry points into Asia and Middle Eastern markets. With exponential developmental growth in the past decades, Dubai is now considered one of the fastest-growing metropolitan areas in the world. It would then not be surprising for some to speculate that the country could also rise up as one of the leaders in the cryptocurrency space. In a recent interview, Bittrex Global CEO Stephen Stonberg opined that Dubai is well-poised to capitalize from the growing cryptocurrency

Making DeFi mainstream: An interview with FEG token Marketing Manager Chris

Source Node: https://ambcrypto.com/making-defi-mainstream-an-interview-with-fegex-marketing-manager-chris/
Time Stamp: August 30, 2021 12:30 AM - Modified On: August 30, 2021 - Published By:
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Although the DeFi space is growing significantly, it still lacks mass adoption. Another issue faced is by novice users in the space who can fall prey to scams and rug pulls easily. FEG Token is built to provide a decentralized transaction network that operates on Ethereum and Binance Smart Chain blockchains. The multi-chain exchange, FEGex, offers decentralization and is driven by its community. In conversation with Chris, the Marketing Manager for FEG Token, we talk about the DeFi space, FEGex’s solution, FEG Token, and much more. 1. According to you,

Why Bitcoin reaching $100,000 is ‘quite possible’

Source Node: https://ambcrypto.com/why-bitcoin-reaching-100000-is-quite-possible/
Time Stamp: August 29, 2021 9:00 PM - Modified On: August 29, 2021 - Published By:
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Bitcoin, the world’s largest token’s recent surge, touched the $50k mark last week. However it did witness a correction of about 1.2% within a week. At press time it was trading just near the $48k mark. Irrespective of this correction, in a recent interview with Anthony Pompliano, CEO of Blockstream, Adam Back projected that bitcoin hitting the $100,000 mark this year was “quite possible.” Meanwhile, it’s interesting to note that Adam Back was notably one of the first people to own bitcoin, and one of the first to receive an email from

Ethereum Issuance Drops Below Bitcoin’s For the First Time, Why This May Lead to a New Rally

Source Node: https://www.newsbtc.com/news/ethereum/ethereum-issue-drops-below-bitcoin/
Time Stamp: August 28, 2021 2:00 PM - Modified On: August 28, 2021 - Published By:
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Ethereum has been on a rally for the past week, moving from a two-month low at $1,700 to its current level at $3,223. Several factors have pushed the crypto market into a new rally, but most seem to gravitate around ETH and its ecosystem. ETH moves sideways into the weekend on the 24-hour chart. Source: ETHUSD Tradingview After the implementation of EIP-1559, Ethereum’s native token became a deflationary asset due to the change in its fee mechanism. To validate transactions on the network a portion of ETH is “burn”, meaning

The A to Z on if and when Bitcoin can flip Apple

Source Node: https://ambcrypto.com/the-a-to-z-on-if-and-when-bitcoin-can-flip-apple/
Time Stamp: August 27, 2021 5:30 PM - Modified On: August 27, 2021 - Published By:
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For a long time, Bitcoin has been subjected to a lot of criticism, unnecessary skepticism, and scrutiny. Ranging from its use in illegal transactions to energy concerns and price volatility, the king coin has seen it all over the last decade. However, the crypto’s trajectory from a market cap of $1 million in 2011 to almost $1.1 trillion this year has placed it seventh on the list of the world’s biggest assets. In spite of all the FUDs and criticism, the fact remains that Bitcoin managed to reach $1 trillion

Turkey: This Dogecoin mining scam may have duped investors to the tune of $119M

Source Node: https://ambcrypto.com/turkey-this-dogecoin-mining-scam-may-have-duped-investors-to-the-tune-of-119m/
Time Stamp: August 27, 2021 3:30 PM - Modified On: August 27, 2021 - Published By:
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The crypto-community has long been plagued by scams and frauds. Especially since people have often come up with ingenious ways to rip users off their crypto-holdings. A recent example from Turkey is a case in point. According to Turkish media reports, a scam involving Dogecoin has allegedly amassed fraudsters $119 million in deposits. Local channel TV100 broke the news earlier this week, revealing that the fraudster, “Turgut V,” is now on the run with all the funds. Along with his 11 associates, “Turgut” apparently tricked about 1,500 Turkish citizens into