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Posts published in “Business”

ARK Invest joins $403M raise for AI robotics firm Apptronik

Cryptocurrency-friendly investment firm ARK Invest has joined a massive Series A funding round for Apptronik, a Texas-based firm building humanoid robots.Apptronik, on March 18, announced the successful close of an oversubscribed $403M Series A funding round, adding another $53 million to the $350 million round disclosed in February.After investing in Apptronik’s Series A round...

Coinbase stock may rally to $310 on Trump-led crypto policies

Coinbase exchange’s stock price has received an optimistic price prediction from a Bernstein analyst, citing improving crypto regulatory clarity in the world’s largest economy.Gautam Chhugani, an analyst at global asset management firm Bernstein, initiated coverage of Nasdaq-listed Coinbase (COIN) stock with an outperform rating and a price target of over $310.The analyst expects improving mainstream

Michael Saylor’s Strategy plans to offer 5M shares to buy more Bitcoin

Business intelligence firm and Bitcoin investor Strategy plans to offer 5 million shares of the company’s Series A Perpetual Strife Preferred Stock and use the proceeds to purchase more Bitcoin. In an announcement, the company said it intends to use the proceeds for general purposes. This includes its working capital and “acquisition of Bitcoin.” However...

Xapo Bank launches Bitcoin-backed USD loans targeting hodlers

Xapo Bank, a global cryptocurrency-friendly bank headquartered in Gibraltar, is betting on crypto lending revival by launching Bitcoin-backed US dollar loans.Qualifying Xapo Bank clients can now access Bitcoin (BTC) loans of up to $1 million, the firm said in an announcement shared with Cointelegraph on March 18.The new lending product is designed for long-term Bitcoin

Bitcoin stalls under $85K— Key BTC price levels to watch ahead of FOMC

Bitcoin’s (BTC) price failed another attempt at breaking above resistance at $85,000 on March 17. Since March 12, BTC price formed daily candle highs between $84,000 and $85,200, but has been unable to close above $84,600.Bitcoin 1-hour chart. Source: Cointelegraph/TradingViewBitcoin remains in “no man’s land” on the lower time frame (LTF) of the 1-hour chart...

Crypto Perpetual Trading Surges to Record Highs in 2024, Led by CEX and DEX Volume Growth

2024 has emerged as a monumental year for crypto perpetual trading, marked by both centralized exchanges (CEXs) and decentralized exchanges (DEXs) breaking through to achieve truly staggering volumes. What accounts for this surge? A combination of seemingly inexhaustible market demand, technological development, and the relentless evolution of the crypto trading space...

Dogecoin ($DOGE) Sees Surge in Activity as Memecoin Hype Fades: Is It Time to Buy?

The well-known cryptocurrency inspired by memes, Dogecoin ($DOGE), has been experiencing a surge in on-chain activity of late. This has meant new attention from both traders and long-term investors. Santiment, a firm that tracks cryptocurrency metrics, reports that the number of daily active addresses on the Dogecoin network has surged by an eye-catching 400% to

Coinbase Expands Derivatives Market with New Natural Gas and Cardano Futures

In a daring step to cement its status in the energy and cryptocurrency arenas, Coinbase Derivatives has asked the Commodity Futures Trading Commission (CFTC) to let it self-certify two new futures products. The first, Natural Gas (NGS) futures, reflects the kind of innovative trading opportunity that appears to be in ever-increasing demand...