Bitcoin (BTC) continues to stabilize around the $50,000 price level after a near 20% sell-off over the past weekend. For now, the cryptocurrency remains above $46,000 support, which could stabilize short-term pullbacks. Buyers will need to break above $55,000 resistance to yield further upside targets. Momentum signals are improving on intraday charts, which suggests buyers […]

Hong Kong-based venture capital firm Chiron has raised a $50 million fund dedicated to backing projects on the Terra blockchain, the company announced Wednesday. The firm says it will use the funds to boost “decentralized finance applications, metaverse-linked non-fungible token (NFT) platforms, and more,” in a press release. The fund is the latest cash influx […]

French fintech Lydia has raised $100 million in Series C funding, attaining unicorn status with a valuation of over $1 billion. The funding round includes new investors Dragoneers and Echo Street along with existing backers Tencent, Accel and Founders Future, TechCrunch reported Wednesday. Lydia recently allowed its 5.5 million users to invest in digital assets […]

Cryptocurrency lender Nexo will work with Fidelity Digital Assets to provide products to and infrastructure for institutional investors, Nexo announced Tuesday. Institutional investors who use Fidelity as their custodian will have access to Nexo’s products and crypto prime brokerage under one umbrella. That will bridge the gap between Nexo’s lending products and Fidelity’s asset protection […]