Cryptocurrenders say negative financing rates are signals of a purchase, but yes?
Investment

Cryptocurrenders say negative financing rates are signals of a purchase, but yes?

Perpetual contracts, also known as inverse swaps, have an embedded rate usually charged every eight hours. This fee ensures that there is no imbalance in exchange rate risk. Although the open interest of buyers and sellers is constantly coinciding, the leverage effect may vary, and when buyers (long-term) demand greater leverage, the funding rate will…

Bitcoin miner Luxor is pursuing a North American expansion with $ 5 million in round financing
Investment

Bitcoin miner Luxor is pursuing a North American expansion with $ 5 million in round financing

Seattle-based software company Luxor has closed a series A funding round led by an institutional company dealing with bitcoin technologies and financial services NYDIG. Luxor announced a $ 5 million funding round on June 9, adding that NYDIG will work with Luxor on a number of mining-related businesses and hashrate-based products. Blockware Solutions, Celsius Network,…

Coinbase leads the financing of the Indonesian cryptobourse in the amount of 6 million USD
Investment

Coinbase leads the financing of the Indonesian cryptobourse in the amount of 6 million USD

Pintu, the Indonesian cryptocurrency exchange targeting first-time cryptocurrency users, has received $ 6 million to support its mission to promote acceptance in the industry. The company announced on Tuesday that it has completed a round of Series A funding led by the world’s major cryptocurrency investors, including Pantera Capital, Coinbase Ventures and Intudo Ventures, Tech’s…

The Spanish Stock Exchange is ready to test the blockchain-based SME financing system
Investment

The Spanish Stock Exchange is ready to test the blockchain-based SME financing system

The Spanish stock exchange Bolsas y Mercados EspaƱoles or BME is preparing to test its blockchain infrastructure for financing small and medium-sized enterprises after a successful pilot operation in 2020. According to Finextra on Friday, this additional set of BME tests will include companies that are part of the SME financing ecosystem in the country…

First Digital Trust announces $ 2.15 million in financing for Asia’s digital payment service
Investment

First Digital Trust announces $ 2.15 million in financing for Asia’s digital payment service

The First Digital Trust’s digital asset depository has secured funding to bring payment services and cryptocurrency upgrades to the Asia-Pacific region. The Hong Kong-based Hong Kong company received $ 2.15 million in convertible bank financing led by private investors, including Asian risk studio Nogle. The company’s total funding now exceeds $ 7 million Crunchbase which…

The main Thai bank is experimenting with decentralized financing
Investment

The main Thai bank is experimenting with decentralized financing

Kasikornbank, or KBank, one of Thailand’s largest banks, has begun experimenting with DeFi services as part of its business expansion plan. According to a message Bangkok Post, a DeFi survey, heads Kbank’s Kasikorn Business Technology Group or KBTG. Commenting on DeFi KBank’s plans, KBTG chairman Ruangroj Poonpol said: “DeFi is a key survey of the…