Ethereum News by Thebittimes.Com

In 2021, African fintech startups accounted for 61% of the $2.7 billion in venture capital funding that was deployed on the continent, a new study has found. While its share of global fintech funding is just over one percent, the continent’s fintech sector still recorded one of the highest year-on-year growth rates globally. ‘Record-High Number of Deals Closed’ According to the findings of a new Mastercard study, African fintech startups — whose number grew from 311 in 2019 to 564 in 2021 — accounted for “61% of the USD 2.7 billion deployed across Africa in 2021.” The findings also show that fintechs’ share “of the record-high number of deals closed” in that year was 27%. When compared with the $131.5 billion that was raised globally , African fintech’s share of the total remains very low — just over 1% of the 2021 total. However, in terms of the funding growth rate, the study noted that the continent — the Sub-Saharan Africa region in parti...

Join Our Telegram channel to stay up to date on breaking news coverage Many positive crypto ecosystem events have transpired in the last few days, from the UK accepting cryptocurrencies to Elon Musk pressing through with his purchase of Twitter. All these factors hiked the price of cryptocurrencies. Dogecoin was one of the best performers, and its adoption may increase now that Twitter has a new board of directors. But will DOGE set a new high for 2022 is the real question? Dogecoin Top Out At $0.15 Top cryptocurrencies fell around 8 per cent today, including Bitcoin, Ethereum, Cardano, Dogecoin, and Shiba Inu. With DOGE breaking out amid a Twitter frenzy, it seems a bullish week for crypto. Dogecoin, which surged 105 per cent in the seven days following Elon Musk’s acquisition of Twitter, was spotted trading in a downtrend. The coin saw a breakout session due to investor response to Elon Musk’s acquisition of Twitter. Dogecoin was the first meme coin built as a ...

Impact Project has now raised $12 million in one of the crypto market’s hottest presales. And with its developers onboarding more partners, this could just be the beginning.  Stage 1 Presale Over  Less than a week after crossing the $9 million mark, IMPT, Impact Project’s utility token, has upped the number to $12 million.  This presale number means that IMPT has now crossed the first stage of its presale. The Impact Project is now set to allocate 660 million tokens for the second presale stage and a further 540 million in the third stage. The token’s stage 1 presale price was $0.018, while the second stage is set at $0.023 per unit. In the third stage, IMPT will sell for $0.028.  The Impact Project’s Ambitious Aim  Impact Project launched earlier this year and has already secured partnerships with several big names across multiple sectors. Over the past month, companies like Microsoft, Amazon, and Netflix have joined...

Join Our Telegram channel to stay up to date on breaking news coverage Amazingly, the cryptocurrency market has been showing signs of the end of the bearish season . Most coins have been doing quite well recently, with nice returns on investment. Though some coins appear more potentially profitable than others, As their respective MA Crosses flipped bullish, Trust Wallet Token and Tamadoge have proven potentially profitable . Chiliz (CHZ/USD) CHZ/USD has been in an uptrend ever since the second bounce off the support at $0.08090. Some days ago, a breach to the downside was instigated algorithmically to sweep off sell-side liquidity for the impending bull run. CHZ/USD is expected to remain bullish as long as the price does not break the $0.28260 resistance after hitting the bullish order block. Chiliz (CHZ/USD) Current Price: $0.22510 Market Capitalization: $1.36B Trading Volume: $1.02B 7-day Gain: 23.08% Trust Wallet Token (TWT/USD) The invalidation of the bearish...

Join Our Telegram channel to stay up to date on breaking news coverage Fan tokens have been seeing a major rise in popularity lately, as the start of the FIFA World Cup 2022 draws close. However, one project, in particular, seemingly performed better than most others. Lazio Fan Token saw a massive price surge of over 20% in the last 24 hours, reaching the height of $5.5. The question now is whether it can surge up and make a 10x growth to hit $50 before the World Cup starts. The FIFA World Cup 2022 approaches The crypto industry is seemingly finally starting to move away from the bear market that has been dominating the industry since last year’s November. After almost a full year of price drops, the situation is taking a turn for the better, and there are many things happening right now that are preparing the market for a surge. Memecoins have been skyrocketing following Elon Musk’s purchase of Twitter, and with the World Cup 2022 approaching, Fan Tokens have als...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin is up by around 5% over the past week. However, Bitcoin’s bullish rally seems to have paused, as the coin has dropped by around 0.1% in the past 24 hours. At the time of writing, Bitcoin was trading at $20,701, according to CoinGecko. Bitcoin price prediction Last week, Bitcoin broke out of a weeks-long trading period within the $19K range, and it managed to break past $20K. Bitcoin’s uptrend saw altcoins rise, with most creating new monthly highs. However, Bitcoin’s rally was rejected at $20,800, and the coin is now having a hard time pushing higher and possibly breaking past the major resistance at $21K. During the past 24 hours, Bitcoin has traded between $20,436 and $20,799, indicating low volatility . The lack of major price swings could likely be because of uncertainty over this week’s Federal Reserve decision on interest rates. The interest rates are expected to incre...

Source: Maroke/Adobe South Korean law enforcers have arrested an executive at one of the crypto exchange Bithumb’s affiliate companies. The executive was charged with destroying evidence prior to an onsite probe earlier this month. The development comes as MPs and prosecutors attempt to unravel the mysteries surrounding the ownership of the exchange &ndash ; one of the nation’s largest crypto trading platforms. Newswho Plus reported that a Bucket Studio executive surnamed Lee (first name withheld for legal reasons) was arrested on charges of obstructing a police investigation. Detectives say Lee sought to conceal or remove company data and “delete CCTV footage” just before the prosecution began onsite raids of Bucket Studio and two other firms with links to Bithumb on October 7. The “stolen data” included “investment-related materials” that “ prove&rdquo ; company executives were complicit in “embezzlement,...

Alongside Dogecoin, even Shiba Inu has been rallying of late. The thirteenth ranked crypto asset has appreciated by 22% over the past week. Resultantly, 30% of SHIB HODLers are “in the money” or making money at the current price. Read More: How many Shiba Inu investors are in profit after the 22% rally? The recent rise in valuation has made the token re-appealing to whales. Over the past 24 hours, the volume of Shiba Inu traded by the top 100 Ethereum whales has risen by roughly 270%. Volume is usually a double-edged sword, for it indicates both buy side and sell side transactions. However, it is worth noting the average SHIB balance of the top 100 Ethereum HODLers has risen over the past day, likely suggesting that buys had an upper hand . Similarly, when zoomed out, even the top 500 Ethereum whales seemed to be interested in Shiba Inu. One of WhaleStats’ tweets from Monday revealed that the said category of large participants possessed tokens worth...

Disclaimer: The Industry Talk section Features insights from crypto industry players and is not a part of the editorial content of Cryptonews.com. Tamadoge (TAMA) has risen by 19% in the past 24 hours, reaching a price of $0.02779170. This also represents an 18.6% increase in the past week, as TAMA regains steadily from a correction after its post-listing surge. Following its listing on OKX and other major exchanges, the price of TAMA rose to an all-time high of $0.194446 on October 4, equalling a rise of just over 700% in a week, as well as a rise of more than 1,800% compared to its presale price. Since then, negativity in the wider market dragged its price down, yet it has begun re-posting above-average gains since the weekend. And with plenty to look forward to on Tamadoge's roadmap, it's only likely that TAMA will continue witnessing strong gains in the future. This New Memecoin is Up 18% Today Beating Dogecoin and Shiba Inu  – Time to Buy? Running on...

The past week has been pretty monotonous for the sixth largest crypto asset. Post noting a negligible 0.89% incline, XRP’s price has been stuck around the same level where it was 7-days ago. Source: CMC Contrastingly, Bitcoin and Ethereum have rallied by 6.2% and 18.5% on the weekly. Dogecoin, on the other hand, has appreciated by a whooping 101% in the same time frame. On the on-chain front, XRP was the sixth most active chain at press time. All the other networks of the aforementioned cryptos, along with Cardano and Litecoin, stood higher than XRP. After more than $430 million in volume on its blockchain over the past 24 hours, XRP made $431 via fee. The number was around double for Litecoin, while others reaped even more. Source: Messari Alongside, the number of active XRP addresses have also been hovering around a level as low as 50k. Simply put, an address is considered to be  active&nbsp ;when it becomes a direct participant in a success...