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Investing

Chainalysis Raises $30 Million for European Expansion

The cryptocurrency compliance platform Chainalysis has secured approximately $30 million through a Series B funding round led by venture capital firm Accel. This raise comes 10 months after the company garnered an initial $16 million in Series A funding.

Nasdaq to Add Bitcoin and Ethereum Indexes

Source: Nasdaq

On February 25, Nasdaq plans to send real-time Bitcoin and Ethereum information to its global index data service. This will provide up-to-date spots and reference rates for the price of one bitcoin and one ether, quoted in USD.

Morgan Creek Launches $40 Million Crypto Fund With Public Pension Investment

Source: CoinDesk

The asset manager Morgan Creek has announced a new crypto-focused fund with a $40 million investment driven by two public pensions — the Police Officer's Retirement System and Employees' Retirement System of Fairfax County, Virginia.

"This morning our team at Morgan Creek Digital announced a new $40 million crypto venture fund anchored by two public pensions," Anthony Pompliano, a Morgan Creek partner, tweeted. "The institutions aren't coming [to crypto]. They're already here."

XRP-USD Price Analysis: Bullish Support Is Waning During Third Support Level Test

Summary:

  • XRP-USD is currently grinding its macro support level. The support level has held for two tests, and we are currently making a third test.
  • If we manage to close a new low on the weekly candles, we can expect to see a retest of the lower boundary of the 2017 trading range in the $0.14 region.
  • We are currently respecting the support level, but the bullish pressure is waning with each test of support.

Bakkt Pushes Launch to Late 2019

Source: AMBCrypto

The Intercontinental Exchange's much-anticipated platform for trading and spending digital assets, Bakkt, is expected to launch in late 2019, according to an earnings call held last week. Launch of the platform was put on hold indefinitely after it failed to launch early this year as initially expected.