AltLayer, a rollups platform focusing on blockchain scalability, recently announced that they have raised an impressive $14.4 million in a strategic funding round. The fundraising round was co-led by Polychain Capital and Hack VC, with the aim of expanding the company’s team and advancing its rollup infrastructure. Other participants in the funding included OKX Ventures,
Ethereum is currently showing positive signs above the $2,850 support level. The price is slowly moving higher above the $2,800 support zone and is trading above $2,850 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,910 on the hourly chart of ETH/USD. These indicators suggest that
In a recent announcement, popular cryptocurrency exchange Binance revealed its decision to discontinue trading and subscription services for its leveraged token offerings. This move, set to take effect on Feb. 28, will impact tokens such as Bitcoin, Ethereum, and Binance Coin (BNB). Binance will be delisting leveraged tokens including BTCUP, BTCDOWN, ETHUP, ETHDOWN, and BNBUP,
The Bitcoin open interest has been steadily increasing in recent weeks, coinciding with a continuous climb in the price of the cryptocurrency. This surge in open interest reflects a growing interest in Bitcoin, especially after the United States Securities and Exchange Commission (SEC) approved Spot Bitcoin ETFs for trading. The open interest in BTC has
NEAR Protocol has been on a steady upward trajectory since the beginning of the year, with the latest market data showing a significant increase of almost 30% bi-weekly. This surge in value is a clear indicator that investors are increasingly showing enthusiasm towards the recent advancements in the broader market and the innovative developments within
The Virginia Senate Committee recently proposed an annual fund allocation of $39,240 to support two newly formed commissions centered around artificial intelligence (AI) and cryptocurrency. This decision came after a recommendation was put forward by a Subcommittee of Virginia’s Senate Finance and Appropriations Committee on February 18. The allocated funds, which total over $23.6 million
In the recent days, Bitcoin has shown remarkable performance in the market, surpassing the $50,000 mark for the first time since 2021. Despite some sideways movement, the cryptocurrency has managed to maintain its position above $51,000. However, a leading crypto analyst has raised concerns about a potential bearish trend in the near future. Prominent crypto