Bitcoin Funding Rates Fall Flat For Weeks As Market Takes Pause

The funding rates for Bitcoin have recovered from their September 2020 lows, insomuch that they are now trending sideways since April 18. Many analysts watch Bitcoin Funding Rates because of their potential to predict the upcoming trends in the flagship cryptocurrency market. In retrospect, they signify periodic payments that traders with open short positions pay…

Avalanche-Based Liquidity Protocol BENQi Receives 6 Million Dollars in Funding

BENQI, a non-custodial liquidity market protocol built on Avalanche, announced the completion of its $6 million strategic fundraising round, led by Ascensive Asset. The list of other strategic investors included Mechanism Capital, Arrington XRP Capital, Dragonfly Capital, MarketAcross, TRGC, Spartan Group, Woodstock Fund, and more. Explaining the importance of this investment, BENQI stated that it…

Key Fundamental Data Suggests Bitcoin May Defy Bears

Last weekend, the Bitcoin price fell below the psychologically significant support level of $50,000. Furthermore, the 50 day moving average was breached to the downside and some popular technical indicators – such as the MACD – are flashing bearish warnings. The confluence of downwards price action, bearish signals, and negative news flow (primarily; a rumored…

Concordium Raises $36 Million to Launch MainNet by June.

Concordium, a privacy-focused blockchain, has just completed its fourth funding round in which the firm raised $36 million; this pushed the valuation of the blockchain firm to around $1.5 billion. The funding round was focused on the Private Placement of its cryptocurrency GTU. The raised capital would be used to expand the works of the…