One of the world’s leading crypto exchanges, Gemini, has secured $400 million in a recent investment round led by Morgan Creek Capital. The funding round values the company at $7.1 billion. Gemini also plans to invest heavily in alternative metaverse proposals. Gemini, the cryptocurrency platform and exchange founded by twins Cameron and Tyler Winklevoss, has…

After a fantastic price run hit a new all-time high of over $69,000 on November 10, Bitcoin’s price to drop to $55,705 just 9 days later. Though, Marcel Pechman sees 3 reasons why that significant drop may have been the local bottom. Bitcoin has been on a fantastic price run since the announcement of the…

Investment bank JPMorgan Chase has a notoriously uncertain attitude towards cryptocurrencies. On the one hand, the administration’s stance on the issue is very negative. On the other hand, the bank actually launched its own stablecoin – JPM Coin. It’s meant to satisfy the bank’s corporate clients who want access to digital money. JPMorgan Chase’s $…

Acala, an Ethereum-compatible DeFi protocol for scaling DApps, has secured first place in Polkadot’s parachain auctions, with over 81,000 stakeholders locking up their funds in the crowd loan. As a result, the upcoming Polkadot DeFi hub raised nearly $1.3 billion from approximately 25,000 contributors in its token ICO. The first coveted Polkadot parachain slot was…

Although the Bitcoin price dropped by nearly 20% in the last seven days, long-term Bitcoin investors, who bought at 2017 highs, have still not sold, data shows. According to the Hold Waves metric data, coins that last moved in the past six to 12 months now make up the most significant portion of the BTC…

Despite the impact of the pandemic, the survey conducted by Visa reveals that consumers in the UAE are gaining confidence in their shopping behaviors towards the local merchants, digital payments, online shopping, and cryptocurrencies. Also, 84% of UAE consumers know about cryptocurrencies, with about half of them seeing crypto as an alternative to cash. According…