Boca Raton, Florida, 19th April, 2022, Game of Silks (Silks), the first derivative play-to-earn metaverse that mirrors the real world of thoroughbred horse racing, today announced that it has raised $2 million in funding and plans to secure substantial additional funding in the following months through the public...
Trading app Robinhood said on Tuesday it will acquire UK-based crypto exchange Ziglu. The move comes as the equity trading app looks to expand further in offering cryptocurrency trade. The acquisition also marks Robinhood’s second attempt to expand into the UK since a failed plan to launch a stock trading app in 2020. With Ziglu, Robinhood now owns one of the few crypto firms authorized to operate in Britain. Ziglu offers trading in 11 cryptocurrencies, and also holds a coveted UK...
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Indian Finance Minister Nirmala Sitharaman reiterated her strict approach to crypto at an International Monetary Fund (IMF) meet in Washington D.C. on Monday. The finance minister bashed crypto for its money laundering risks and potential use in financing terrorist groups, and called for a globally coordinated approach to crypto regulation. Sitharaman also touted the benefits of using central bank digital currencies over crypto. Her comments come just weeks after India imposed a steep 30% tax on digital assets- a move intended...
Privacy token Monero (XMR) saw a large price surge in the past 24 hours, and was among the best performing cryptocurrencies. Its latest gains appear to be driven by a liquidity squeeze initiated by some holders of the token. XMR jumped 10% in the past 24 hours to $267.65- its highest level since late-October. Its 24-hour volumes also doubled to over $400 million. The token surged as certain holders withdrew the token from major crypto exchanges in a bid to test...
The STX price action gradually narrows within a symmetrical triangle pattern. The potential reversal from its support trendline may spike the altcoin to $1.45 resistance. However, a breakout from either of the converging trend lines is needed to trigger a directional move.
In the last 24 hours, the cryptocurrency market has recorded a liquidation of over $200m. Likewise, Bitcoin has breached the critical support level of $40,000 and has now embarked on a downward trend toward the $38,000 region. While this is an indication of a bearish run, price charts and on-chain analysis indicate heavy ongoing accumulation.
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