Theta’s Mainnet 3.0 launch date pushed to June

Crypto-powered esports streaming app Theta’s mainnet 3.0 launch has been delayed until June. In an announcement from Theta Labs, the company stated that its development team is still working “to incorporate some building blocks” for a non-fungible token, or NFT, marketplace for the Theta Mainnet 3.0. They are also working to ensure that the network functions when scaled to more than 100,000 Elite Edge Nodes. As a result, Theta needs more time “to conduct a more thorough code review and testing” and will be pushing the expected launch date from…

Asset management giant Fidelity files for Bitcoin ETF

Fidelity Investments, the $4.9 trillion asset manager, has filed paperwork with the United States Securities and Exchange Commission, or SEC, to list a new Bitcoin (BTC) exchange-traded fund.  The Wise Origin Bitocin Trust was filed with the SEC on Wednesday, according to a Form S-1 Registration Statement that appeared on the regulator’s website. The ETF aims to track the digital currency’s daily performance using the Fidelity Bitcoin Index PR, an index that’s derived from several price feeds. From the prospectus: “The Trust provides direct exposure to bitcoin, and the Shares…

BTC, ETH, BNB, ADA, DOT, XRP, UNI, THETA, LTC, LINK

On March 24, Tesla CEO Elon Musk announced that U.S. buyers are now able to purchase Tesla vehicles with Bitcoin (BTC). Musk also tweeted that Tesla will not convert BTC payments into fiat but will add to its existing treasury of about 48,000 Bitcoin.  Wedbush Securities analyst Dan Ives expects Bitcoin to account for less than 5% of Tesla transactions, but the percentage could move up as crypto adoption increases. The analyst said the move by Tesla could be a defining moment for Bitcoin from a transactional point of view.…

StarkWare Raises $75 Million for Scaling Products

Share this article StarkWare has raised $75 million in its series B funding round, according to an announcement from the firm on Twitter. Top VC Funds Lead Series B Paradigm led this round of funding, just as it did during StarkWare’s Series A round in 2018. Other returning investors include Pantera Capital, Sequoia Capital, Founders Fund, DCVC, and Wing Capital. StarkWare also attracted Three Arrows Capital and Alameda Research as investors for the first time. Previous seed rounds and funding rounds have raised approximately $36 million for StarkWare. The new…

Markets Pro delivers up to 1,497% ROI as quant-style crypto analysis arrives for every investor

In the month since Cointelegraph Markets Pro launched, bringing professional crypto market intelligence to every investor, the platform has helped hundreds of early subscribers to better understand the opportunities and threats inherent in the world of crypto investing and trading. In this brief round-up we wanted to draw attention to some of highlights since the platform went live, including a critical look at a variety of back-tested strategies that the Markets Pro team has been tracking. Cointelegraph Markets Pro consists of two unique research features, in addition to a wide…

New York Times Writer Turns Latest Column Into NFT

Key Takeaways New York Times tech writer Kevin Roose has turned one of his tokens into a non-fungible token, or NFT. The highest bidder will receive the token, plus a profile in a follow-up article and a congratulations message. Proceeds will be donated to the New York Times’ charity effort. Share this article New York Times tech writer Kevin Roose has tokenized one of his columns on Ethereum as a non-fungible token (or NFT). Historical Tokenized News Article The buyer who places the winning bid will receive an Ethereum token…

Ethereum derivatives lean bullish even as ETH price sits at a key support

Ether (ETH) lost the $1,750 support on March 22, which marked a 7% loss and $230 million worth of futures contracts liquidations. It has been holding near the strong support at $1,670, although investors are unwilling to open new long positions despite the price being 11% below the previous week’s high. Ether price at Coinbase, USD. Source: TradingView Binance Chain recently surpassed Ethereum’s transaction volume, and this startling growth in unique active wallets certainly played a part in tampering with investors optimism. The nonfungible token (NFT) frenzy has been driving…

Coinbase handled trades and custody for Meitu’s $90M crypto investment

Crypto exchange Coinbase’s institutional custody platform helped execute the purchase and custodying of roughly $90 million of Bitcoin and Ether for Chinese tech company Meitu. In a blog from Coinbase today, the U.S.-based crypto exchange said Meitu used its services to execute up to $90 million worth of crypto transactions “across multiple marketplaces with minimal market impact.” This month the tech firm purchased 379 Bitcoin (BTC) for roughly $17.9 million and 15,000 Ether (ETH) for $22.1 million, followed by 386.08 BTC for $21.6 million and 16,000 ETH for $28.4 million.…

VCs bet big on layer-two as StarkWare raises a staggering $75 million

As Ethereum gas fees soar and the demand for scalability reaches fever pitch, layer-two scaling solution has announced today a $75 million Series B funding round led by Paradigm, Three Arrows, Alameda Research, Pantera Capital, and Sequoia, among others.  The team announced the raise in a Tweet: Announcing our $75M Series B, led by @paradigm, with new investors (Three Arrows & @AlamedaResearch), and old ones too (@PanteraCapital, @sequoia, @foundersfund, @DCVC, @Wing_VC). — StarkWare (@StarkWareLtd) March 24, 2021 StarkWare, which previously raised $30 million in 2018, offers zero-knowledge rollup technology allowing…

Strong fundamentals push Dent, Arweave (AR) and Enzyme (MLN) price higher

According to a report by Coinshares, as of March 20, the weekly inflows into institutional crypto products has declined by about 59% when compared to the previous week. This suggests that institutional investors are taking a cautious approach after the recent bull run. However, that does not mean the institutional investors are dumping their holdings just yet. The report highlights that the total crypto investment products assets under management hit a new high at $57 billion.  Crypto market data daily view. Source: Coin360 While the crypto bull market is still intact,…