Day: October 19, 2022

Ethereum Price Recovery Could Soon Fade If ETH Fails To Surpass $1,400

Aayush Jindal

Ethereum is slowly moving lower below $1,300 against the US Dollar. ETH remains at a risk of major decline if it stays below $1,400 for a long time. Ethereum started a fresh decline after it failed to clear the $1,350 resistance. The price is now trading below $1,320 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if it breaks the $1,265…

4,400 disgruntled investors are hunting for Terra’s Do Kwon

Luke Huigsloot

Members of a 4,400-strong Discord group called the “UST Restitution Group” (URG) have been attempting to track down the whereabouts of Terra co-founder Do Kwon. Members of the group, seemingly out of frustration at the lack of results from law enforcement agencies, are scouring the internet for clues and sharing them with the group in an attempt to track down Kwon. Members have suggested that he could be residing in places such as Russia, Dubai, Azerbaijan, or even on a yacht. Their continuing efforts come despite authorities in South Korea…

Crypto Asset Manager Valkyrie Lost the Biggest Investor in Its $11M Funding Round

Anthony B

“We had a signed subscription doc in-hand, and their [limited partners] were blue chip firms that have impeccable reputations in the business,” she wrote in the letter dated Oct. 7. “In the months that have since passed, though, those LPs backed out and the investor was unable to meet its obligation.” She went on to say that Valkyrie was looking for other investors to step in. Author: Elizabeth Napolitano Source link

The New Computer Corporation Announces $2.5M in Seed Funding to Build Decentralized API Infrastructure for Web3

Anthony B

LOS ANGELES, Oct. 19, 2022 /PRNewswire/ — The New Computer Corporation (NCC), creators of decentralized application program services (dAPIs) that provide web3 infrastructure and utility, announced today a Seed Funding round of $2.5 million dollars led by Borderless Capital. The round also includes investments from Eterna Capital, PEER, Algorand Foundation, Hivemind Ventures, Big Brain Holdings, Web Tree Capital, Noise DAO, Valentine Venture, Ten Ventures, Marcus Eng and SongADAO. NCC Seed Round Investors Ben Palmer & Aubrey Anderson, Co-Founders of NCC The new suite of products provides developers with utility and…

New Fidelity report flags ‘stark contrast’ between Bitcoin and fiat currencies

William Suberg

Bitcoin’s (BTC) future may “stand in stark contrast to the rest of the world,” asset manager Fidelity Investments predicts. In a recent research piece, “The Rising Dollar and Bitcoin,” released Oct. 10, Fidelity Digital Assets, the firm’s crypto subsidiary, drew a line between Bitcoin and other currencies. Bitcoin “does not correspond to another person’s liability:” Report While hardly a stranger to bullish takes on Bitcoin, Fidelity continues to publicly reiterate its faith in the largest cryptocurrency despite the near year-long bear market. In the report, analysts stated just how far…