Day: March 21, 2024

ZK proofs startup Succinct secures $55 million round led by Paradigm – CoinJournal

faizimrd

[ad_1] Paradigm leads a $55 million round for zero-knowledge proofs startup Succinct. The funding was for the platform’s Seed and Series A rounds. It attracted venture firms Robot Ventures and Bankless Ventures and angels Sreeram Kannan and Sandeep Nailwal from Eigenlayer and Polygon respectively. Succinct, a crypto startup that wants to make zero-knowledge (ZK) proofs accessible to any developer, has secured $55 million funding from top venture investment firms. According to a blog announcement the startup published on Thursday, tech investment firm Paradigm led the financing across Succinct’s Seed and…

Read More

Trader Says He’s Still Incredibly Bullish on Top Ethereum Rival, Updates Outlook on Bitcoin and Three Altcoins

faizimrd

[ad_1] A closely followed crypto strategist remains bullish on a top Ethereum (ETH) competitor despite a sudden correction. Pseudonymous analyst Altcoin Sherpa tells his 212,100 followers on the social media platform X that Solana (SOL) is showing strength after retesting the $165 Fibonacci retracement level. “SOL: good first reaction to that $165 level. To be determined if that was the bottom; I frankly hope that we see more ranging/another test of that level. Still incredibly bullish on this one in 2024 though.” Source: Altcoin Sherpa/X The trader previously predicted SOL…

Read More

MicroStrategy Gobbles Up Bitcoin Worth $623,000,000, Now Holds Over 1% of the BTC That Will Ever Exist – The Daily Hodl

faizimrd

[ad_1] MicroStrategy continues to gobble up Bitcoin (BTC) amid the ongoing crypto bull market. MicroStrategy co-founder Michael Saylor says the firm used the proceeds from convertible notes and excess cash to buy an additional 9,245 BTC for approximately $623 million, at an average price of $67,382 per Bitcoin. The company now owns 214,246 BTC, which it acquired at an average price of roughly $35,160 per Bitcoin. Those holdings represent more than 1% of Bitcoin’s total supply of 21 million coins. Ki Young Ju, the founder and chief executive of the…

Read More

Cardano and Arbitrum fall by more than 20%, While BlockDAG Presale Jumps to $6.3 Million – CoinJournal

faizimrd

[ad_1] ADA fell by 26% in the past two weeks, from a high of $0.77 to a low of $0.57 ARB recorded an even sharper 35% correction, from a high of $2.25 to bottom out at $1.45 By contrast, BlockDAG secured $6.3M of investment in its presale The crypto market continues to trade in the red zone, with many altcoins facing corrections. Specifically, Cardano saw a significant 26% decrease in value over the past two weeks, leading to a cautious Cardano (ADA) price prediction. Similarly, Arbitrum’s price faces potential further…

Read More

Nigerian High Court Orders Binance to Comply with EFCC Data Request Amidst Money Laundering Concerns

faizimrd

[ad_1] Binance must supply Nigerian user data to the EFCC as the Nigerian High Court cites money laundering risks, highlighting crypto’s impact on the naira’s stability. The Nigerian High Court has issued an order to Binance Holdings, one of the world’s largest cryptocurrency exchanges by trading volume, to provide the Economic and Financial Crimes Commission (EFCC) with detailed transaction records of Nigerian users. This directive is a response to allegations of criminal activities and money laundering facilitated through Binance’s platform, a claim that the exchange has been contending with in…

Read More

Navigating the Bitcoin Halving: Glassnode Report Discusses a New Trading Landscape  – Market Updates Bitcoin News

faizimrd

[ad_1] As Bitcoin’s network halving event draws near, Glassnode’s latest report sheds light on the evolving trading strategies in the face of significant demand from ETFs, signaling a pivotal shift in the cryptocurrency market. Glassnode Report Unveils Shift in Bitcoin Trading Strategies Ahead of Halving In the countdown to Bitcoin’s much-anticipated halving, the crypto community is […] [ad_2] Source link

Read More