In an impressive maneuver showcasing confidence in the burgeoning world of cryptocurrency, Nano Labs—a fabless integrated circuit design powerhouse from China—has finalized a substantial private placement raising $36.25 million. Initially disclosed in the previous November, the deal involved the issuance of over 5.6 million Class A ordinary shares priced at $6.46 each. This effective capital-raising
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In its recent end-of-year report, Robinhood Crypto has unveiled significant strides made throughout 2024, underscoring a remarkable period of growth in both the American and European markets. Marking the anniversary of its European market entry, the report highlights an impressive notional trading volume of $119 billion and $38 billion in crypto assets under custody as
Semilore Faleti stands at the intersection of journalism and cryptocurrency, having carved out a unique niche in the rapidly changing digital asset landscape. Although he began his writing career exploring a variety of topics, it was within the labyrinthine depths of blockchain and cryptocurrency that he truly found his calling. Semilore demonstrates a keen ability
The cryptocurrency landscape has been electrified by Bitcoin’s approaching attempt to breach the pivotal $100,000 mark. This moment heralds not only a significant psychological barrier but also serves as a potential launchpad for unprecedented price escalations. As evident from recent charts, Bitcoin has established a series of higher highs and lower lows after experiencing a
In the ever-evolving world of cryptocurrencies, few assets command as much attention as Bitcoin. Recently, financial analysts and traders have been scrutinizing Bitcoin’s price movements, fueled by promising indicators suggesting the possibility of a significant surge in its value. Notably, crypto analyst Tony Severino has put forth a bold claim that Bitcoin could potentially reach
The cryptocurrency market thrives on innovation and competition, but recent developments indicate a growing concern over monopoly practices within the space. BiT Global, linked to crypto entrepreneur Justin Sun, has initiated legal action against crypto behemoth Coinbase, the leading U.S. exchange. The lawsuit, filed on December 13, alleges that Coinbase’s decision to delist Wrapped Bitcoin
The cryptocurrency market is often swayed by endorsements and public statements from influential figures in the industry, which can dramatically affect the value of specific coins and tokens. A recent case in point is the substantial price increase of Travala’s AVA token, which recently surged by over 300% within a mere 24-hour timeframe. This remarkable
In a noteworthy development for the cryptocurrency landscape, Bitwise CEO Hunter Horsley has announced that a yet-to-be-named Spanish bank has committed 2% of its investment holdings to the Bitwise Aptos staking exchange-traded product (ETP). This strategic move underscores a pivotal moment in the integration of cryptocurrencies within traditional financial systems. As the demand for innovative
In a groundbreaking revelation from Electric Capital’s 2024 Developer Report, Solana has emerged as the frontrunner in attracting new developers for the first time since 2016, overtaking Ethereum. This shift marks a significant milestone for the Solana ecosystem, which welcomed an astonishing 7,625 developers over the past year—a staggering 83% increase compared to the previous
Chainlink (LINK) has recently captured the attention of the cryptocurrency market, breaking through the $29 threshold for the first time in over three years. This resurgence is marked by a substantial 21% increase in value over the past week alone, positioning LINK among the top-performing altcoins during this period. The driving force behind this impressive
