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Weekly News

Robinhood lands steep 60% discount on $170M exchange acquisition: Report

  • Post author:admin
  • Post published:August 19, 2022
  • Post category:Weekly overview

The US-based stock and crypto trading platform has reportedly secured a 60% cut on the initial offer made to Ziglu due to poor market conditions. Stock and crypto investment platform…

Continue ReadingRobinhood lands steep 60% discount on $170M exchange acquisition: Report

US lawmakers appeal directly to 4 mining firms, requesting info on energy consumption

  • Post author:admin
  • Post published:August 19, 2022
  • Post category:Weekly overview

Four members of the U.S. House Committee on Energy and Commerce said they were "deeply concerned" that Proof-of-Work mining could increase demand for fossil fuels. Four members of the United…

Continue ReadingUS lawmakers appeal directly to 4 mining firms, requesting info on energy consumption

A sharp drop in TVL and DApp use preceded Avalanche’s (AVAX) 16% correction

  • Post author:admin
  • Post published:August 19, 2022
  • Post category:Weekly overview

AVAX price gave up recent gains after correcting by 16% and the network’s declining TVL and DApp use suggest that the protocol is losing ground versus its competitors. After an…

Continue ReadingA sharp drop in TVL and DApp use preceded Avalanche’s (AVAX) 16% correction

Nigeria aims for millions of new eNaira users as it increases features, targets unbanked

  • Post author:admin
  • Post published:August 19, 2022
  • Post category:Weekly overview

Nigerian Central Bank governor Godwin Emefiele told attendees at the eNaira Hackathon that technical upgrades will add to the attractiveness and accessibility of the CBDC. The eNaira, Nigeria’s central bank…

Continue ReadingNigeria aims for millions of new eNaira users as it increases features, targets unbanked

Options data shows Bitcoin’s short-term uptrend is at risk if BTC falls below $23K

  • Post author:admin
  • Post published:August 19, 2022
  • Post category:Weekly overview

BTC’s $335 million options expiry has become a death trap for bulls, and increased legal action by the SEC and IRS against crypto companies is adding to the sell pressure.…

Continue ReadingOptions data shows Bitcoin’s short-term uptrend is at risk if BTC falls below $23K

CME Group plans to launch options on ETH futures prior to the Merge

  • Post author:admin
  • Post published:August 19, 2022
  • Post category:Weekly overview

The group reported it had observed an increase in trading volume and open interest for ETH futures and micro-sized ETH futures options, possibly in anticipation of the Merge. Major derivatives…

Continue ReadingCME Group plans to launch options on ETH futures prior to the Merge

Blockchain venture capital funding down over 43% in July: Report

  • Post author:admin
  • Post published:August 19, 2022
  • Post category:Weekly overview

The crypto market downturn is impacting private funding, but are recent declines in capital inflows as bad as the figures suggest? Typically a lagging indicator of the sector’s health, the…

Continue ReadingBlockchain venture capital funding down over 43% in July: Report
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