BLOCKCHAIN

Indian Crypto Exchange CoinDCX Secures Additional $2.5M Investment

[ad_1] CoinDCX, India’s largest cryptocurrency exchange, announced that it had raised $2.5 million from investors including Polychain Capital and Coinbase Ventures, the investment arm of crypto exchange Coinbase.The investment comes shortly after the exchange’s Series A funding round in March, in which CoinCDX secured $3 million from Bain Capital, Polychain and HDR Group, the operator of cryptocurrency exchange BitMEX.In an announcement from CoinDCX on May 25, the exchange said it
EXCHANGES

Goldman Sachs Hosting Bitcoin Call as Institutional Interest in Cryptocurrency Surges

[ad_1] As interest in cryptocurrency grows among institutional investors, global investment banks, like Goldman Sachs and JPMorgan Chase, are reexamining their views about bitcoin. Goldman Sachs is hosting a call for its clients to learn about the implications of current policies for bitcoin, gold, and inflation. Goldman Sachs’ Bitcoin Call for Clients New York City-headquartered investment bank Goldman Sachs is hosting a call for clients on May 27 entitled “US
EXCHANGES

Bitcoin Derivatives Data: After 15% Crash, BTC Is on the Verge of Recovering

[ad_1] It’s been a tough past week for the Bitcoin market. After rumors spread about Satoshi Nakamoto “selling” his BTC, the cryptocurrency saw a strong rejection in the $9,700-10,000 resistance band, plunging as low as $8,600 just the other day. This is a drop that has liquidated dozens of millions of dollars worth of Bitcoin wealth from traders and investors. Data from Bitcoin derivatives markets, however, shows that BTC is
EXCHANGES

Crypto Interest Account Pioneer Alex Mashinsky and Takes on Big Finance

[ad_1] Countless fintech entrepreneurs have aimed their scopes at the marble columns on high finance and fired out thousands of business ideas to disrupt it, but none have yet to make a dent. Alex Mashinsky and Celsius may actually do it with cryptocurrency interest accounts.   “Celsius is going after all the money in the world,” says Alex Mashinsky, the Founder of Celsius, who plans to make more than just a
Business

Spike in BTC Exchange Inflow Preceded Bitcoin Price Correction to $8.6K

[ad_1] On May 24, the price of Bitcoin (BTC) dropped to $8,800 from $9,300. In the next 24 hours, it declined to as low as $8,600, leaving the top ranked digital asset on CoinMarketCap at risk of a bigger pullback.The initial drop of Bitcoin below $9,000 coincided with a massive inflow of BTC into exchanges and Bitcoin on-chain data indicates key players were selling over the weekend.According to data, miners,
Business

Louisiana Might Soon Offers a License to Bring Crypto Business Back

[ad_1] The state of Louisiana might soon pass a bill to offer licenses for crypto businesses to operate legally, according to a May 25 report. The bill was filed earlier this year with the goal of helping crypto businesses get official licensure and bring more crypto-related business to the state. The new bill is backed by state representative Mark Weight. If the bill passes, the state would then have a crypto
EXCHANGES

Bitcoin’s Break Below a Key Level has Opened the Gates for a Move to $5,900

[ad_1] Following an extended bout of sideways trading within the $9,000 region, Bitcoin has now firmly broke below this range as it trades around $8,800 Although the crypto has ardently defended its near-term support, its technical outlook does appear to be rapidly degrading Some analysts are even noting that its latest breakdown has opened the gates for it to see a movement that leads it as low as $5,900 in
EXCHANGES

Eight Countries That Don’t Tax Your Bitcoin Gains

[ad_1] As world governments push through legislation to levy taxes on capital gains from bitcoin (BTC) transactions, seeking to earn more from an asset class that frowns on regulatory oversight, there are still a few countries that remain pro-crypto, allowing investors to buy, sell or hold digital assets at zero taxes. Circumstances vary, but the real motivation leans more toward facilitating increased investment within the respective jurisdiction’s cryptocurrency industries, perhaps
BLOCKCHAIN

Jobless South Korean University Graduates Are Increasingly Interested in Blockchain

[ad_1] Daejeon University is the latest in a series of South Korean universities redesigning portions of its finance and technology departments. The university made an official announcement on May 25 that it would open a new fintech department called “Future Convergence.”According to the announcement published by Daejeon Journal, the curriculum will consist of topics such as smart health care, smart city, smart factory, and various employment fields in the medical
Business

Is Blockstream’s Liquid Network an Attempt to Compete for Tokens with Ethereum?

[ad_1] At Consensus Distributed on May 12, Blockstream presented Lightnite, a Fortnite-like game that uses the Liquid Network for storing non-fungible tokens (NFT) representing game items.While the game is developed by independent company Satoshi’s Games, Blockstream has sponsored the game by running a token giveaway. The announcement has garnered a considerable amount of criticism from Ethereum (ETH) fans, given the longstanding rivalry with the Bitcoin (BTC) “maximalists.” Non-fungible tokens are traditionally