Ether Trades Above $800 for the First Time Since 2018

High funding rates, relatively low liquidity and reports of crypto exchange Mt.Gox starting repayments to victims of its 2014 hack spurred a market-wide decline in the past 24 hours, bringing losses to leveraged bullish traders.In futures market, traders betting on higher prices lost over $190 million to liquidations as bitcoin (BTC) dropped as much as 4% before

Jan 6, 2021 at 5:00 p.m. UTCUpdated Jan 6, 2021 at 5:19 p.m. UTCZap founder Jack Mallers speaks at Bitcoin 2019 in San Francisco.( Jack Mallers)Bitcoin Lightning Startup Zap Goes Global, Adding Multiple Fiat Pairs, StablecoinsBitcoin’s Lightning Network is bringing fiat to every corner of the world, thanks to Visa-partnered startup Zap Inc.Strike – the…

Term Finance protects borrowers from DeFi’s variable rate loans which can fluctuate wildly during crypto’s recurrent liquidity events.A weekly auction model means borrowers and lenders will never borrow at more than their predetermined max interest rate or lend below their minimum rate.Term Finance, a decentralized finance (DeFi) protocol that offers short term, fixed interest rate…

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Ethereum’s Shanghai upgrade went live Thursday, Asia time, allowing those that have staked their ether to begin the unstaking process.On-chain data tracked by Rated network…

Venture capital company Tribe Capital, which has previously backed cryptocurrency firms Kraken and Bitfinex, has introduced a new crypto fund and is targeting a $100 million raise for the fund, sources familiar with the matter told CoinDesk.San Francisco-based Tribe, which has $1.6 billion in assets under management, plans to make early-stage investments of $500,000-$3 million…

Blackbird Labs, an app and loyalty program that's attempting to connect restaurants and their customers via its crypto-powered app, announced Wednesday it has raised $24 million in a series A funding round led by the venture capital firm Andreessen Horowitz (a16z).Through Blackbird, which is built on Coinbase's Layer-2 Base blockchain, customers tap their phone on

markets Ether price volatility could spike in the days ahead, courtesy of an upcoming ethereum upgrade scheduled for Thursday. The Constantinople hard fork, a planned two-part upgrade to the world’s second-largest cryptocurrency, is scheduled to occur once block 7,280,000 on the ethereum blockchain is mined. At the time of writing, ether’s block height is 7,272,826, meaning…

Meltem Demirors of CoinShares at CoinDesk Invest:NYC 2019Arwen, a non-custodial settlement protocol developer, has raised $3.3 million in a funding round including Meltem Demirors at CoinShares and Jill Carlson at Slow Ventures.According to Arwen CEO and co-founder Sharon Goldberg, Slow Ventures led the round, which also included Collaborative Fund, Underscore VC and DG Lab Fund.The…

news A notably blockchain-friendly member of the U.S. Securities Exchange Commission (SEC) has pushed back on an industry lobbyist’s call for a coordinated national strategy for the technology. The Digital Chamber of Commerce’s National Action Plan calls on the federal government to “make blockchain technology a priority,” by publicly supporting development in the space, adopting a…