Crypto derivatives data suggest a possible bullish turn

    While money returns to the crypto market, derivatives data shows that investor confidence is strengthening as the market forms a bottom, signaling a possible trend reversal. The Tether/CNY premium and CME futures basis have recently flipped bullish, indicating a positive investor attitude. Over last week the total capitalization of the crypto market raised 10% to…

    Solana announces Solana Pay allowing merchants to accept SOL payments

    Solana Labs, the developer team behind the Solana blockchain, announced Solana Pay, a new point-of-sale (POS) payment product that lets merchants accept crypto payments with near-instant finality and affordable fees. The payment solution is billed to be a game-changer that will help merchants interact directly with their customers by rewarding customer loyalty in a unique…

    Crypto Trends Weekly Jan. 29 – Feb. 4

    Breaking crypto news from the last week (Jan. 29 – Feb. 4, 2022): Jan. 29: Bahrain-based crypto exchange CoinMENA has obtained a cryptocurrency license from the European Union. As a result, CoinMENA will now be able to expand to new jurisdictions in the MENA region and beyond, as well as increase the number of crypto…

    UAE’s Al Habtoor Group launches the Last Hopium NFT project

    UAE’s engineering firm Al Habtoor Group in partnership with Luna PR, a Dubai-based digital marketing agency, announced “Last Hopium,” an NFT project aimed to use blockchain technology to bridge digital asset holders to big hotels like Ritz, Hilton, and Waldorf. The release of the NFT collection will be during Q1 2022. Al Habtoor Group joins…

    Dune Analytics reaches $1 billion valuation after $69 million funding round

    Dune Analytics, one of Ethereum’s most popular data visualization and analytics platforms, propelled to Unicorn Status with a $1 billion valuation after a $69 million fundraising round, looking to expand cross-chain. On February 2, Dune Analytics announced the close of a $69,420,000 round at a $1 billion valuation. The round was led by Coatue, a…

    Bitcoin hits $40,000, wiping out combined with ETH $160 million of shorts

    Bitcoin and other cryptocurrencies rallied on Friday, reversing losses from a few days ago. Ether (ETH), the world’s second-largest cryptocurrency, gained 13% over the past 24 hours, while an 11% rise in BTC and the NEAR token surged as much as 20%. The rise in altcoins relative to Bitcoin could reflect a greater appetite for…