The fund has already invested in a number of blockchain projects including Dapper Labs, Axelar and Nori. Several high-profile figures in finance and entertainment are reportedly backing a new venture capital crypto fund from former Digital Currency Group investor Travis Scher, Silver Lake Partners co-founder Glenn Hutchins, and his son James Hutchins. According to a report from Yahoo Finance, the crypto fund has raised roughly $72 million from investors including Paul Tudor Jones, rapper and actor LL Cool J, and former PepsiCo CEO Indra Nooyi. The Hutchins […]

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The blockchain network behind the Dash cryptocurrency posted impressive fourth-quarter and full-year results on Thursday. Dash, a cryptocurrency analog for electronic cash, recorded impressive growth in 2020 as average daily trade volumes, users and retail payments grew considerably.  During its fourth-quarter livestream on Thursday, Dash Core Group reported that average trade volumes jumped 282% year-over-year, from $9.8 million to $37.4 million. On a quarterly basis, average trade volumes increased by 48%. The total volume of payments hit $916 million, up 80% from the previous year. Commercial payment values […]

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One Tifon exec thinks foreign tourists will likely contribute to the development and growth of crypto payments in the country. Crypto-payment processing firm Electrocoin is partnering with a local oil and gas company in Croatia to allow drivers to pay for a full tank using crypto. According to Croatian news outlet Poslovni dnevnik, people needing to gas up their vehicles at any of the 46 Tifon stations in the country can now pay using Bitcoin (BTC), Ether (ETH), Stellar (XLM), XRP, and EOS. Tifon will integrate PayCek, […]

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As the DeFi boom continues, Universal Market Access, SwissBorg, and Siacoin are notching triple-digit gains due to protocol upgrades and new product launches. The total market capitalization of cryptocurrencies surged to $1.139 trillion on Feb. 4, just short of silver’s total market cap at $1.5 trillion. While the crypto market cap is still way below that of gold, Bloomberg senior commodity strategist Mike McGlone said in a report that Bitcoin (BTC) has found strong support at $30,000 and it may now rally to $50,000 and higher. Crypto […]

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Delta Exchange, a crypto derivatives platform, says many options traders didn’t expect Ethereum’s price to rise so quickly. Now, they’re sitting on huge unrealized losses. A growing number of options traders are sitting on large unrealized losses following Ethereum’s (ETH) latest price surge, highlighting once again the volatile and unpredictable nature of the cryptocurrency market.  Pankaj Balani, the CEO of Delta Exchange, a St. Vincent-based cryptocurrency derivatives platform, tells Cointelegraph that he has observed “a lot of naked call writing activity in ETH for deep out of […]

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AAVE price rallied to a new high at $520, pushing the DeFi protocol’s TVL to $4.96 billion. Aave (AAVE) price has increased by 76% since the beginning of February and today the DeFi-token hit a new all-time high of $520. Currently Aave is the second-ranked DeFi platform by total value locked (TVL) and the protocol continues to gain users and outperform its competitors.  Data from Cointelegraph Markets and TradingView shows that AAVE rose from $284 on Feb. 1 to its current value of $510 as it’s 24-hour […]

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