Prytek, a leading technology group, announced that the company has made a significant investment in the Israel-based fintech company TipRanks. According to the official announcement shared with Finance Magnates, the latest investment by Prytek is a part of the company’s wider investment strategy. TipRanks is a platform using machine learning and NLP technology to make investment decisions easier for retail […]

The Maker Foundation has announced that it has now returned 84,000 MKR tokens from the Development Fund to the MakerDAO DSPause Proxy smart contract. The Foundation says the move is part of plans to fully decentralize the project, according to a blog post on May 3, 2021. MakerDAO on the Path to Full Decentralization  While decentralization is one of the […]

Ethereum extended its rally and it traded to a new all-time high above $3,520 against the US Dollar. ETH price is correcting gains, but it is likely to start a fresh rally above $3,400. Ethereum extended its rally above $3,500 and it traded to a new all-time high near $3,525. The price is now trading well above $3,200 and the […]

A survey by credit card giant Mastercard has revealed that four in ten people plan to use cryptocurrency for payments within the next year. The survey, published on May 4 and titled ‘Consumer Appetite for Digital Payments Takes Off’, polled more than 15,500 people across 18 countries. It revealed that millennials are especially engaged in cryptocurrencies, with over two-thirds, or […]

XRP has picked bullish momentum in the 1-hour chart with a 4.7% increase. Higher timeframes seem equally bullish with the weekly and monthly chart recording a 7.8% and 154% rally, respectively. XRP price performance has recovered since the start of 2021 when the token experienced a severe correction. The U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple Labs for […]

Litecoin goes against the general market sentiment with a 24.5% and 57% rally in the higher timeframes. At the time of writing, LTC trades at $316 with 4.8% profits in the daily chart. Anonymous trader Julio_LTC has set support for LTC at $280 with a price target set at $330. The operator is bullish as LTC climbed in the Relative […]

In cryptography, Layer 2 means a standalone framework that sits on top of the current blockchain technology. The objective of building or using Layer 2 systems is to solve the challenges that currently face the primary blockchain, namely speed, and scalability. These features, as well as translating into faster transaction times, also brings the advantage of more reasonable fees for […]

Formation Fi, a cross-chain risk parity smart farming 2.0, has announced that it has closed a funding round with $3.3 million from reputable venture capitalists and also private investors. According to the firm, some of the participants in the closed round include Polygon, Synthetix, Bancor, Kenetic, Spark Digital Capital, Kosmos, X21 Digital, AU21, Momentum 6, MarketAcross, GenBlock, Brilliance Ventures, Shima […]

PRESS RELEASE. The leading blockchain-based global point integration platform, ASSEMBLE Protocol has announced that its utility token ASM has been added to Coinbase Custody. This means that ASM will receive a cold-storage custody solution from one of the largest custodians in the crypto sphere, Coinbase Custody. Coinbase Custody to provide cold-storage custody support for ASM The support of the ASM […]