Market focus

The NEAR Protocol blockchain is not as flashed out in the crypto news as many other platforms. However, its impact on the market and its role in the development of DeFi is becoming more and more noticeable. The NEAR blockchain platform is an infrastructure layer similar to many other comparable platforms. Developers deploy decentralized applications,…

Binance is making a $200 million strategic investment in Forbes ahead of the publication’s plan to go public through a special purpose acquisition company in the first quarter of 2022. The world’s largest crypto exchange is branching out with a remarkable media investment. Binance will invest $200 million in Forbes, an anonymous source told CNBC…

China is using the Olympic Games they’re hosting to bring its CBDC, the digital yuan, to a qualitatively new level. The methods of achieving this goal are consistently impressive, although far from always pleasant. Just ahead of the 2022 Winter Olympics in Beijing, the People’s Bank of China (the country’s central bank) confirmed that it…

According to a Monday announcement, the Canadian branch of accounting giant KPMG allocates Bitcoin and Ether to its corporate treasury. The firm’s executives “expect to see a lot of growth” in DeFi, NFT, and metaverse areas in the years to come. “Cryptoassets are a maturing asset class,” stated Benjie Thomas, the firm’s Canadian managing partner…

Polygon, a decentralized Ethereum scaling platform, has raised $450 million in a private token sale led by Sequoia India. The funding will be used to build Web3 decentralized applications or dApps, including Polygon PoS, Polygon Edge, and Polygon Avail. This is Polygon’s first major financing round since the project began in 2017. According to Bloomberg,…

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…