Big Money Apes Into Blockchain Gaming With $725M Fundraising for Forte
Forte will use the funding, which brings its total capital raised this year to more than $900 million, to expand its products and services. Major…
Tag: blockchain
SHIB Flippened DOGE With $160M in ‘Smart Money’ Backing Latest Pump, Blockchain Data Shows
A new force is behind shiba inu’s most recent price surge. Shiba inu, the self-proclaimed dogecoin killer, briefly surpassed DOGE in market value on Wednesday,…
Citi Starts Coverage of Coinbase With $415 Price Target, Says ‘Buy Crypto’s General Store’
The bank’s Coinbase target is 27% higher than Monday’s closing price. Citi initiated coverage of Coinbase (NASDAQ: COIN) Tuesday with a buy rating and $415…
Global Finance Watchdog Says $133B Stablecoin Sector Remains Niche
The Financial Stability Board, a G20 entity that provides recommendations for the global financial system, found stablecoins are not being used at any significant scale…
JPMorgan Says Institutional Investors Are Replacing Gold With Bitcoin
The shift into bitcoin that drove late-2020 all-time highs “has started reemerging in recent weeks,” wrote analyst Nikolaos Panigirtzoglou. “Bitcoin’s allure as an inflation hedge”…
US FDIC Said to Be Studying Deposit Insurance for Stablecoins
So-called pass-through coverage would insure the holders of these tokens against losses up to $250,000 if the bank holding the collateral were to fail. The…
Bitcoin Breaks $50K for First Time In a Month
The gain comes amid a weak start to October for U.S. stocks. Bitcoin, the largest cryptocurrency by market value, broke above the crucial psychological threshold…
Coincidence or Insider Trading? Price Pops Before Incentive Announcements Raise Questions
Blockchain data shows recent surges in the days leading up to multimillion-dollar user acquisition programs. Experts offer some possible explanations as to why. “Buy the…
Dapper Labs Said to Reach $7.6B Valuation in $250M Funding Round
The firm behind NBA Top Shot and the Flow blockchain also announced a deal with Spain’s top soccer league, LaLiga. Dapper Labs has closed a…
Scaramucci’s SkyBridge accelerates its move into crypto with a blockchain partnership
SkyBridge Capital’s Anthony Scaramucci is stepping up his firm’s move into the cryptocurrency world, announcing on Monday a partnership aimed at expanding into the blockchain…