In brief: Robinhood has secured $280 Million Series F funding after an $8.3 Billion valuation. The funding will drive a push to expand the platform globally. Robinhood also plans on scaling the platform and offering more products to users. The team at the popular trading platform of Robinhood has announced
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In brief: In a recent tweet, the team at BitTorrent (BTT) has highlighted why the BTFS file system is better than Filecoin (FIL). The teams behind both projects have been throwing jabs at each other ranging from accusations of plagiarism and going as far as claiming the other is ‘vaporware’.
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Quick take: XRP’s price briefly tested $0.20 as a result of the crypto market resurgence. If this momentum is maintained, it could reclaim $0.25 and turn it into support based on the 3 Day XRP/USD chart. However, gains exhibited by all cryptocurrencies might still be vulnerable to the global effects
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Quick take: CEO of Morgan Creek Digital, Mark Yusko, was a recent guest on Thinking Crypto, a Youtube crypto news channel. In the interview, Mr. Yusko discussed the current state of the stock market, COVID19, the genesis of Morgan Creek Capital, CBDCs and more. He further explained that XRP and
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In brief: A new report by eToro and The Tie shows that the number of Twitter users discussing XRP has fallen drastically. The report also indicates that members of the XRP army have continued to decline since January 2018. The new stats could indicate a continuous trend of capitulation by
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In brief: Evidence points towards US citizens using there $1,200 stimulus checks to buy Bitcoin (BTC). Grayscale Capital’s recent quarterly report provides a clue as to institutional interest in Bitcoin (BTC). The King of Crypto is hovering around $7,200 and looks set to start a climb up to $8,000. For
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In brief: Bitcoin (BTC) encountered massive resistance as it tried to break $7,300. At the same time, its trade volume has been dropping together with its dominance in the crypto markets. In our analysis of Bitcoin (BTC) a few hours ago, we were cautiously optimistic that the King of Crypto
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Quick take: Bitcoin (BTC) has once again reclaimed $9,000 with 5 days until halving. Pantera Capital’s CEO, Dan Morehead, sees a scenario where BTC hits $115,212 by August 2021. His analysis is based on the change in the stock-to-flow ratio across each halving. The hype and excitement surrounding the Bitcoin
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In summary: Decentralized Finance (DeFi) has blossomed in the last year as more projects utilize the Ethereum blockchain due to its smart-contract capabilities. Currently, there is over 2.7 Million ETH locked up in DeFi DApps. Maker DAO transactions take up 49.36% of the ETH locked up in DeFi platforms. Can
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In brief: In a previous analysis of ETH/USDT, we had identified $148 as a solid support zone. ETH/USDT tested this support zone twice, bouncing off of it on the 16th of April. ETH/USDT is currently valued at $170 and looks set to continue on its upward trajectory towards $200. With
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