An Indian blockchain company 5ire, recently raised $100 million in a Series A round of funding from UK-based Sram and Mram. The company with a $1.5 billion valuation has suddenly emerged as the latest addition to the Unicorns in India. Notably, Alphabit, Marshland Capital, Launchpool Labs, and Moonrock Capital, four well-known startup investors, each committedContinue reading “Analyzing the standing of Indian crypto market with 5ire case study”

The heat on Celsius [CEL], the embattled crypto-lending platform, seems to have reduced lately. Interestingly, the wave looks to have spread to its coin CEL. The altcoin was one of the best-performing cryptocurrencies over the last 24 hours of 15 July.  At press time, CEL stood at $0.73, which was an unexpected 29% increase fromContinue reading “Is CEL’s [Celsius] 29% rally enough compensation to repay debts”

A local think tank, Infrawatch PH, encouraged the Philippine Department of Trade and Industry (DTI) to investigate the cryptocurrency exchange, Binance’s unauthorized promotion techniques via a letter. According to the letter, the exchange allegedly used unregistered promotion means that were casually shared on social media sites to target Filipino consumers. Additionally, Infrawatch PH convenor TerryContinue reading “Binance ‘a risk to the public,’ says The Philippines-based think tank”

Jason Stone, a DeFi entrepreneur and the CEO of KeyFi, Inc., one of the people behind the yield farming account 0xb1, is suing cryptocurrency loan company Celsius for allegedly failing to uphold its contract. Stone is asking for unspecified damages and has decided to go forward with a trial. KeyFi claims that Celsius exploited customerContinue reading “KeyFi CEO sues Celsius on grounds of ‘failing to uphold the contract’ and more”

Investors and traders in the cryptocurrency market thought that there could be nothing worse than the Terra crash of 9 May. Little did they know that the month of June had something much worse in store. For instance, the market cap, once well clear of $2 trillion, fell below the $1-trillion mark. Ethereum: Altcoin kingContinue reading “Here’s the full story behind Ethereum’s [ETH] recent performances”

The last seven days have been the most uneventful days for the cryptocurrency market. The ongoing crypto winter has turned into a full-blown crypto blizzard, with losses touching the depths of ocean floors. As per data from CoinMarketCap, on 12 June, the total market cap for the cryptocurrency market stood at $0.598 trillion which thenContinue reading “Crypto market’s anatomy and why ‘it’s a total gift to be able to buy the future’”

The current state of the cryptocurrency market can be best described as a frenzy, with tokens surviving with bare minimum price movements. However, that doesn’t seem to be the case with Tron [TRX], especially as the altcoin has decided to move at the speed of light. Some movement alas you might wonder, but it’s aContinue reading “What next for TRON [TRX] after its freefall of 16.3% in just 24 hours”

Ethereum [ETH]’s much-awaited “Merge” is here. And it is here to create the much-anticipated shift in paradigm i.e. the shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Much has been said about ETH’s merger, however, how has the token faired amid the ongoing changes to the network? Let’s find out… A gloomy day for ETH? OnContinue reading “Between Ethereum and its Merge, what is stopping ETH’s recovery on the charts”

With Bitcoin [BTC] rising above the $30K level at the beginning of June, HODLers may see this as a time to rejoice. However, at press time, BTC was trading below the $30K level and stood at $29,648 down by 2.6% in the last 24 hours. BTC slipping below the $30k level may be a scaryContinue reading “Bitcoin [BTC] holders should know this before exiting their position”

Although Bitcoin [BTC] may have successfully put out a fire at the moment and may be catching its breath in peace, the real question here is that is the king token far enough from the site of a disaster, or does the path to complete recovery merely circle around the reds even now? At pressContinue reading “Bitcoin [BTC] manages to see some green on the charts, but here’s the caveat”

The king coin still seems to be in hiding and recovering from what seemed like an exhausting bear chase. Despite Bitcoin’s best efforts of late, BTC slipped back below $30K once again. At press time, it was trading at $29,339 on the charts. However, does the crypto plan on pleasing the bears for a bitContinue reading “Red or green? Identifying what color Bitcoin [BTC] is today”

Ethereum, like most cryptos in the industry, is yet to recover from the stormy market conditions of the past week. At the time of writing, for instance, ETH was trading at $2,028, well below its ATH less than a year ago. In fact, the altcoin was down by 0.4% in the last 24 hours andContinue reading “How is ‘never down or stopped’ Ethereum’s health pre-Merge”