Sorare has raised $50 million in a Series A round, bringing its total funding to $60 million. Sorare, a major blockchain-based soccer gaming platform, has raised $50 million from high-profile investors backing major companies like Twitter, Instagram and Discord The…
Category: Crypto Trends
Coinbase has held Bitcoin on its balance sheets since 2012
The American exchange is offering services and advice to other private and publicly traded firms who want to hold digital assets in their treasuries. United States-based cryptocurrency exchange Coinbase has revealed that Bitcoin (BTC) and other crypto assets have been…
People who bought Bitcoin in 2017 becoming the strongest HODLers, new data shows
Investors who began their Bitcoin journey three to five years ago have stronger hands than you might think. Bitcoin (BTC) may be worth almost three times more than at the height of its 2017 bull run, but a lot of…
What Bitcoin price levels will invalidate the short-term bearish scenario?
Bitcoin struggling to break above $51,600 could trigger another big drop in BTC price. The price of Bitcoin (BTC) is continuing to range between $48,000 and $51,000, unable to break out of the $51,600 resistance level. If Bitcoin struggles to…
Nvidia supply shortage won’t stop $50M Q1 crypto miner sales, says CFO
A perfect storm consisting of COVID-19, supply shortages and surging crypto prices has resulted in the best financial quarter in Nvidia’s history, as the stock hits all-time highs. Nvidia’s ongoing supply problems won’t stop the company from selling $50 million…
Meme pioneer launches NFT lolcats on OpenSea
Meme master ‘Cheezburger’ is releasing a series of NFTs based on his website’s famous captioned ‘lolcat’ photos. The original “I Can Has Cheezburger?” meme has become the latest symbol of popular culture to be immortalized as an NFT. The meme’s…
Andreessen Horowitz leads $25M round for Optimism’s L2 scaling solution
Optimism has been on a hiring spree and plans to expedite its mainnet launch after securing backing from Andreessen Horowitz. Optimism, a company providing Layer 2 scaling solutions for Ethereum, has secured backing from venture capital firm and Coinbase investor…
India’s largest crypto exchange adopts decentralized Unstoppable Domains
India’s largest cryptocurrency exchange will use Unstoppable Domains to create and host blockchain-based URLs, despite the nation’s impending Bitcoin ban. India’s largest cryptocurrency exchange, Unocoin, has adopted the blockchain-based Unstoppable Domains, which simplifies crypto transactions by turning blockchain addresses into…
DEX volumes have already surpassed $120b in 2021
DEX trading volumes on Ethereum hit $63 billion in January, smashing the sector’s previous record of $28 billion. Ethereum-powered decentralized exchanges, or DEXes, continue to surge despite high transaction fees — with DEXes processing more than $120 billion in 2021…
Ethereum on track to settle $1.6 trillion this quarter
Ethereum’s quarterly settlement value is on course to increase by 1,280% year-over-year. Ethereum usage is surging this year, with the value of transactions settled on the network skyrocketing during 2021. According to research from Messari, Ethereum has settled $926 trillion…