Offline mapping app Maps.me raises $50m led by Alameda Research to enter DeFi
Maps.me, an offline mapping app that boasts 140 million users worldwide, has raised $50 million in a funding round led by Alameda Research in an effort to build a decentralized finance ecosystem inside the map app. Other investors including Genesis Capital and CMS Holdings also participated in the r...
Newsletter
18 1月 2021
3 coins to keep an eye on | Issue #113
Last week gave us Bitcoin's first weekly down-candle since the beginning of December. The price dropped 25% from the weekly high to low before closing near $30,000, 6.15% below the weekly open. The altcoin marketcap initially dipped alongside Bitcoin, dropping from $331 billion on Monday to $275 billion on Tuesday before r...
NYPD details its use of cryptocurrency transaction analysis in policy document
The New York Police Department (NYPD) published a six-page document that outlines its use policy for cryptocurrency transaction analysis last week. The NYPD's use of such tools, sourced from unnamed "approved vendors," was not publicly known until now. The disclosure comes as part of a broader relea...
Optimism’s Ethereum-based scaling solution has soft launched on mainnet
Optimism has launched its Layer 2 scaling solution, the Optimistic Virtual Machine (OVM) on the L2 Optimistic Ethereum (OΞ) mainnet, Synthetix announced Friday.  The first trial run is with decentralized exchange protocol Synthetix, which is now live on the OΞ mainnet. This means holders can now sta...
Kraken to halt XRP trading for U.S. users starting Jan. 29
Kraken is moving to halt XRP trading for U.S. users in light of the Securities and Exchange Commission's (SEC) lawsuit against Ripple. U.S. based Kraken users will be unable to trade XRP from Jan. 29 at 5 p.m. PT, according to a statement published Friday by the exchange. Those with spot positions o...
Big institutions are only interested in bitcoin, says NYDIG CEO
A crypto rally has been in full swing, but the biggest investors looking at the market are only interested in bitcoin, according to one industry CEO.  In the latest episode of The Scoop, NYDIG chief executive Robert Gutmann said that most of the serious investors he's speaking with are only interest...
Galaxy Digital is launching a new bitcoin mining business unit
Crypto investment company Galaxy Digital announced Friday that it is launching a new suite of financial services and tools for the bitcoin mining sector. What's more, the Toronto-listed firm is also mining bitcoin for itself via a third-party, U.S.-based data center, which is hosting hardware owned ...
On Inflation, Treasuries, Incentive Alignment, and Fair Launches in DeFi
How do we fund the development of open source financial protocols? There was a moment in time over the summer when the community believed it could launch new DeFi protocols without venture backing. This wave of “fair launches” provided the community with a number of DeFi’s most exciting projects in...
Polkadot’s DOT is now the fourth largest coin in terms of market cap, surpassing XRP
Polkadot's DOT token has become the fourth-largest coin in terms of market capitalization, surpassing the embattled XRP. DOT's market cap currently stands at around $13.45 billion, according to tracker Coingecko. XRP's market cap, on the other hand, is at about $13.28 billion. The sharp rise in DOT'...
Miami mayor wants to put some of the city’s treasury reserves into bitcoin
Miami mayor Francis Suarez is considering putting some of the city's treasury reserves into bitcoin (BTC).  "We are looking at the possibility of diversifying our investment portfolio and having and holding a percentage of our investments in bitcoin," Suarez told FOX Business in an interview on Thur...

3 coins to keep an eye on 👀

Subscribe to receive a weekly selection of 3 coins to watch closely, based on upcoming events and technical analysis.