Bitcoin Market Not Ready For Expansion Yet — Blockchain Firm
According to a recent on-chain data evaluation, the Bitcoin price might not be seeing a start to renewed price expansion in the near-term. Interestingly, this hypothesis seems to align with the multiple recovery attempts by the flagship cryptocurrency over the past few weeks. BTC Net Realized Profit Peak At $17M/hr Before Swift Price Downturn In a March 20 post on the social media platform X, on-chain research firm Glassnode revealed what was behind Bitcoin’s recent reversal from what initially looked like an expansion move. This is based on the Net Realized Profit/Loss (NRPL) (24h Moving....
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After months of small-scale testing in the Philippines, blockchain payments app Abra launched in the US market today. The expansion comes after CoinDesk learned details of an aggressive expansion plan in place at the startup, which to date has garnered $14m in venture funding to expand to more than 20 markets by 2017. The firm raised $12m in a Series A funding round last fall. CEO Bill Barhydt, a former director for web browser Netscape, pointed to the US market as "the hub" from which the startup plans to connect to other markets worldwide, a factor that made it the next logical....
Kakao pushes its expansion plan to Singapore for Klaytn, its legacy blockchain platform, following its globalization quest. Reporting on Monday, The Korea Herald disclosed the city-state establishment of the Klaytn Foundation and Krust, the new blockchain-based entities by Kakao. Krust is a worldwide accelerator for the adoption of blockchain. On the other hand, the Klaytn Foundation is a charitable organization. According to its plan in Singapore, The Internet firm will utilize the two entities to facilitates a broad-based infiltration of its Klaytn blockchain project. In addition, the....
Quick Facts: 1️⃣ Kraken’s $800M raise at a $20B valuation shows deep-pocketed institutions still back crypto exchanges, even through volatile market phases. 2️⃣ Big exchange raises and expansion plans often precede renewed liquidity flows into higher-beta narratives, with the AI tokens niche now increasingly popular. 3️⃣ SUBBD builds an AI creator subscription platform ready to […]
With the increasing adoption and acceptance of crypto assets, more crypto-related firms and service providers are rising. Also, they are taking their expansion visions in the sector very seriously. However, crypto industry regulations have placed limitations on some firms’ goals. Most top-tier regulators require the fulfilment of some rules for the operation of crypto service providers in their regions. These include registration and other license approval from the country watchdogs. Coinmetro, a crypto exchange, expressed its plans for a global expansion in a new development. This....
International law firm Steptoe & Johnson LLP announced on Tuesday that it has expanded its blockchain law practice into a multi-disciplinary practice. The aim of the expansion is to help clients in all industries learn and prepare their businesses for blockchain applications. Also, the firm announced that it will soon accept bitcoin. Steptoe’s....