TokenHolder

2023-05-22 15:08:23 Bitcoin Startup River Raises $35 Million in Series B Funding Round

Due to the recent failures and flaws of the traditional banking system, Bitcoin’s potential to foster a more secure global economy may have come to light in a new way.

River, a Bitcoin technology and financial services startup, has completed a $35 million Series B funding round. This follows after its $12 million Series A round in 2021.

The new round was led by Kingsway Capital and also saw participation from contributors such as Alarko Ventures, Valor Equity Partners, Goldcrest, Cygni, and M13 among others.

Billionaire investor Peter Thiel also backed the investment round as River continues to aim at creating a robust financial system with Bitcoin. Open / Comment

2023-05-21 17:43:02 Massive XRP Shifted to Binance as Price Trades in Green: Details

In recent hours, crypto data tracker Whale Alert has spotted a massive chunk of XRP being moved to the Binance crypto exchange.

Whale Alert notes that 87,305,753 XRP worth $41,197,105 were transferred from an unknown wallet to Binance.

87,305,753 XRP (41,197,105 USD) transferred from unknown wallet to Binance

— Whale Alert (whale_alert) May 21, 2023
There are three possible explanations for why wallets outside of exchanges send their assets there, as shifting coins incurs costs.

If there is a surge of buyers at the spot exchange, investors are probably sending their coins there to be sold. A price fall is a common outcome of this kind of behavior, which is a negative indication.

Trading on the volatile derivatives market is the second reason. Last but not least, investors periodically transfer their holdings to exchanges for staking, airdropping, or simple reshuffling.

In this instance, it is difficult to draw many conclusions about pricing or volatility. This justification for the behavior is frequently seen as unimportant. Open / Comment

2023-05-20 18:59:39 Open / Comment

2023-05-20 14:20:51 Bittrex CEO Oliver Lynch believes that regulators should view cryptocurrency as a "completely new thing" rather than classifying it as another financial product. Open / Comment

2023-05-19 18:08:02 Buying some INJ here!

The price is breaking through the $6.8 resistance and taking hold above. Finally bullish movements there!

This is only a spot purchase since Bitcoin is quite unpredictable. Open / Comment

2023-05-18 16:17:31 X2Y2 Introduces NFT Lending Protocol Named X2Y2 Fi

The famous non-fungible token (NFT) marketplace called X2Y2 has recently disclosed an exclusive update. The company has mentioned that it is launching its version 3. In addition to the respective update, it has also pointed out that a new protocol will be established by it. The function of the latest protocol will be the borrowing, refinancing, as well as lending of non-fungible tokens (NFTs).

X2Y2 Announces Launching a Protocol Specified for NFT Lending
While sharing these updates on its official Twitter channel, the platform added that it has been operating on building NFT loans for up to seven months. In this respect, the firm has facilitated more than 11,000 NFT-based loans. The launch of the latest NFT-lending protocol is a further step in the same direction. The official address of the NFT-lending platform is fi.x2y2.iо and it has now been formally launched by the NFT marketplace.

The company provided more details about the latest project by saying that X2Y2 Fi plays the role of a proficient module that operates within the ecosystem of X2Y2. As per the platform, the respective protocol has particularly been established to provide professional financial services in the case of NFTs. Moreover, the firm is of the view that the exclusive project will operate under its subdomain fi.x2y2.iо.

In addition to this, the firm specified that the entirety of the NFT loan operations, taking into account borrowing, lending as well as refinancing will be carried out under the subdomain X2Y2. In the words of the company, this project will offer a unique way for consumers to generate value with the use of their NFTs. Open / Comment

2023-05-17 13:02:41 Ok x Introduces New Ordinals Marketplace Amid Bitcoin Inscription and BRC20 Buzz

On Tuesday, the crypto firm Okx announced the launch of a new Ordinals marketplace. The platform is accessible via the Okx Wallet and will enable users to mint and trade Ordinal inscriptions and BRC20 tokens. While the Ordinals marketplace is still in its early stages, users can take advantage of the ability to view and transfer Ordinal inscriptions using the multichain wallet.

Okx, the crypto firm, exchange, and Web3 company, has announced the Okx Wallet now provides seamless access to the groundbreaking Ordinal and BRC20 ecosystem.

Okx has always believed in the power of Bitcoin to revolutionize global markets and bring us closer to a truly decentralized system, Jason Lau, the chief innovation officer at Okx, said.

We are embracing Ordinals and BRC-20, despite early criticisms about their impact on transaction costs, because we see the potential of Bitcoin to expand its use cases into areas previously dominated by Ethereum-based applications, Lau added. Open / Comment

2023-05-16 17:17:23 Alo Yoga Retail Chain Debuts In-Store NFT Claim With MoonPay

Alo Yoga, an apparel and accessories retailer with dozens of locations across several U.S. states, has rolled out an in-store NFT claim in collaboration with crypto payments firm MoonPay, letting brick-and-mortar customers receive free digital collectibles featuring “daily affirmations.” Launched for Mental Health Awareness Month in the United States, the in-store experience lets customers tap a smartphone against a terminal that reads “Tap for Mindfulness”.

The terminal is equipped with a near-field communication (NFC) chip that points customers towards a website and ultimately lets them claim a free daily NFT. The NFTs are built around artwork that focuses on the concept of mindfulness, plus the asset will provide access to mental health resources, the company says.

Alo will also offer further NFT collection opportunities through email for customers. Alo’s in-store effort was created using MoonPay’s NFT minting platform, with the collectibles minted on Ethereum scaling network Polygon. The apparel retailer is covering all minting fees tied to the promotion as part of an effort. Open / Comment

2023-05-15 17:16:16 Safaricom M-Pesa receives Ethiopian mobile money license, ending state monopoly

The Kenya-based company already has 3 million mobile phone users in Ethiopia and plans to make it the 10th country where the payment service will be available.

The National Bank of Ethiopia (NBE) has issued a mobile money-service license to Safaricom M-Pesa Mobile Financial Service, it announced May 11. Previously, only Telebirr, part of the state-owned Ethio Telecom network, operated in that market.

Kenya-based Safaricom was also the first company to break Ethio Telecom’s monopoly on Ethiopian mobile phone service in October, through its Safaricom Telecommunications Ethiopia subsidiary. The NBE introduced legislation into the Parliamentary Assembly earlier in 2022 to make the private service possible.

Safaricom Ethiopia currently has almost 3 million users, the company said. That compares to Ethio Telecom’s 54 million users, in a country of 118 million. The government is now reportedly looking to sell a 45% share in Ethio Telecom. Open / Comment

2023-05-14 17:56:15 Continuing the Altcoin Season topic…

Here is the OTHERS chart, it represents market capitalization exclude TOP 10 by market cap coins.

In another words — Altcoins.

As you can see, it is forming a falling wedge and currently follows the descending support level.

We MUST see a bounce from there. Altcoin season must come this summer. All we need is to determine the narrative. Open / Comment