TradingView, the price charting platform used as a reference for price movements of cryptocurrencies and other assets, has secured $298 million in a funding round to attain a $3-billion valuation. Led by TradingView’s new investor, Tiger Global, the funding follows a strong growth of the platform’s user base, mostly retail investors, during the pandemic. According to the announcement, TradingView experienced a 400% increase in new accounts and a 237% increase in visitors in the last 18 months. TradingView CEO and co-founder Denis Globa highlighted Tiger Global’s expertise in fintech, adding that the partnership would contribute to informed financial trading. Established …
The Gambling Commission in the United Kingdom has opened an inquiry into Sorare, a popular nonfungible token (NFT) fantasy soccer game that raised $680M in a funding round last month “The Gambling Commission is currently carrying out enquiries into the company to establish whether Sorare.com requires an operating license or whether the services it provides do not constitute gambling.” However, Sorare — which closed a $680 million funding round for its NFT trading card platform in September — denied it was involved in anything approaching “regulated gambling”. “We are very confident Sorare does not offer any forms of regulated gambling. …
Investors continue to pour capital heavily into the cryptocurrency space. Despite the influx of new investments, those new to cryptocurrency trading still face major barriers to entry: from thousands of tokens and exchanges to confusing and expensive interfaces. With the crypto market functioning 24/7, it is also crucial for investors to understand and be aware of what is happening on the markets at all times. For these reasons, manually tracking a portfolio can be time-consuming and complex. Decentralized finance (DeFi) trading platforms arose to make life easier for traders by allowing users to manage their portfolios and track multiple exchanges …
Bitcoin (BTC) wallet and exchange platform Blockchain.com has announced the introduction of margin trading services. In a blog post issued on Tuesday, Blockchain.com stated that Bitcoin margin trading had been a regular request from users since launching its exchange service in 2019. According to the announcement, the platform will launch margin trading for the Bitcoin-United States dollar (BTC/USD) pair with up to 5x leverage. The exchange’s Bitcoin margin trading service will be available to users in about 150 countries, with significant exceptions for Italy, France, Canada and the United States. Other exempted jurisdictions include Japan, Germany, Austria, the United Kingdom …
While some investors have done well buying and selling cryptocurrency assets, the sad reality is that nearly 90% of traders lose money. Losses typically occur for several reasons. It may be a lack of knowledge for beginners, and for intermediate or advanced traders, it may come down to a lack of time for market monitoring. To solve this, investors often look to copy trading. Copy trading allows beginners to profit by copying other trades, eliminating the need to study the market. Additionally, intermediate or more advanced traders can take advantage of the simplicity these platforms offer, reducing time spent viewing …
As September ended, the cryptocurrency markets recovered from the so-called “September curse” handsomely to hit a market capitalization of $2.32 trillion. The decentralized finance (DeFi) market has been an integral part of this growth. The total value locked (TVL) in DeFi protocols grew more than 20%, from $113.5 billion on Sept. 28 to hit $137 billion on Oct. 6, as per data from Dappradar. Even the Bank of America (BoA) — a global banking giant — has revealed its bullish outlook on DeFi and nonfungible tokens (NFTs). In an Oct. 4 report by BofA Securities — a subsidiary of BoA …
Decentralized exchanges (DEXs) empower users by getting cryptocurrency assets into the hands of more people. One platform is attempting to make the trading of crypto more accessible and straightforward with the use of artificial intelligence. Currently, new users must learn about markets and the assets they want to trade, adding to the barriers of getting started. The decentralized exchange, Soldex, is eliminating these barriers by giving traders the capabilities to use AI-powered trading algorithms developed by users. Beyond its innovative AI trading capabilities, Soldex offers many additional features over other DEXs. Since it is natively built on the Solana blockchain, …
When used correctly, healthcare data can save lives and improve quality of life. Unfortunately, the current process by which healthcare data is accessed can be challenging since many participants aren't willing to comply. It is also expensive for smaller organizations. The result is that delivering life-changing medicine is only possible for larger organizations, although it does take time to collect the required data. In time-sensitive situations, this can cost people their lives. As a result, companies and governments worldwide actively seek better ways to gather medical data for research. On the other side, medical associations must be careful in their …
Public.com, a neo-brokerage outfit based in New York has announced the launch of crypto trading services for its customers. In a statement issued on Thursday, Public revealed that users will be able to trade and store cryptocurrencies on the same app they use to manage their stock portfolios. According to the announcement, the new crypto trading feature will be made available to users gradually over the next few weeks. As part of the crypto trading service, Public is offering support for Bitcoin (BTC), Ether (ETH), and Dogecoin (DOGE). Other cryptocurrencies offered include Cardano (ADA), Litecoin (LTC), and Bitcoin Cash (BCH). …
Every week, subscribers of Cointelegraph’s Markets Pro data analytics platform receive a detailed breakdown of the top performers of the week and the VORTECS™ Score indicator’s performance in tracking potential bullish and bearish developments. Here are some of the highlights of the latest report: Axie Infinity Shard (AXS) recorded a new all-time high following a strong VORTECS™ Score. Three out of ten top price movers flashed a VORTECS™ Score of 80 or higher before peaking. NewsQuakes™ alerts gave traders an early signal for NEAR’s and RAY’s double-digit rally. The all-time top VORTECS™ Scorers’ average gains against Bitcoin (BTC) demonstrated that …
Popular trading app Robinhood announced Tuesday that it has launched round-the-clock phone support to better serve its ever-growing userbase, including the millions of users who’ve signed up to access cryptocurrency investments. Users of the app will now be able to speak with a live customer service representative 24 hours a day, seven days a week, regardless of holidays. The company said the 24/7 support line is part of a broader effort to expand reliability and accessibility, as well as answer time-sensitive requests from its customers. To access the service, users can request a call through the Robinhood app and receive …
Chinese regulatory authorities gave yet another shock to the cryptoverse by imposing a ban on all cryptocurrency transactions on Sept. 24. This measure came just as the market was beginning to recover from the government's June prohibition on cryptocurrency mining activities. The fear, uncertainty and doubt (FUD) that resulted from the ban caused Bitcoin (BTC) to crash nearly 9% within five hours, from exchanging hands in the $45,000 range to bottoming out at $41,142. Soon after, Alibaba announced that it would be banning any sale of cryptocurrency rigs and related accessories starting Oct. 8. However, the flagship cryptocurrency has since …