A $ 1 billion investment in cryptography by Andreessen Horowitz is on the way.

A $ 1 billion investment in cryptography by Andreessen Horowitz is on the way.

VC plans to raise a significant amount of money for cryptocurrency investments.

According to an article in the Financial Times or FT, VC company Andreessen Horowitz reports that it is now raising funds for another fund, given its previous involvement in cryptography.

"The new fund is the third that Andrissen has focused on investing in cryptocurrencies," FT wrote on Friday. "Given the knowledge of the four people about the process, his goal is to raise $ 800 million to $ 1 billion from investors."

Venture Capital, or VC, also operates under the name a16z. It is active in cryptography and blockchain and has invested in a number of projects. The program aims to divert the fund's capital to crypto and digital asset projects, the FT reported.

VC was also a heavy investor in Coinbase, which was recently released on April 14. According to the FT, Anderson sold about $ 120 million of his Coinbase stock, although he had about $ 11 billion in assets at the time of listing.

In April 2020, news headlines were published about the $ 450 million follow-up by the foundation for the second special fund. The company eventually secured $ 515 million.

The entire cryptographic space has seen significant capital inflows throughout the year. The valuation of the market ceiling shows the industry's $ 2 trillion in assets, which it achieved in April 2021.

South Korean money changers reopen cryptocurrency face-to-face shopping centers

South Korean money changers reopen cryptocurrency face-to-face shopping centers

Coinone and Bithumb have both reopened their customer centers in the capital in response to growing domestic interest in cryptocurrencies.

Coinone Exchange, one of the top four cryptocurrency exchanges in South Korea, has reopened its offline customer center in Seoul. According to a report in The Korea Herald on April 29, the center initially opened in September 2017, but has since closed due to the company's decision to focus on other business activities.

Currently, with an increase of 20 times more than usual registration of new users of the cryptocurrency exchange in the first quarter of this year, this exchange will resume its offline services for customers. At the end of this month, the Herald reported that Coinone had reached 2 million users.

In addition to reopening an offline hub, Coinone has reportedly doubled its staff to meet information needs and help a wide range of new customers.

The trend seems to be expanding to resume face-to-face customer service in South Korea, with Bithumb, the country's second-largest exchange, opening an offline hub in the capital earlier this week. The Korbit exchange is reportedly considering a similar move.

These developments show the rising atmosphere in the South Korean digital currency market, where the price of Bitcoin is recently trading with a new "Kimchi premium" that rises to the highest price of the year. The craze for cryptocurrencies has apparently spread to domestic stock prices as well. Meanwhile, companies holding shares in some of the country's top cryptocurrency operators have seen significant gains in recent weeks.

Analysts predict that the Kakao Forum in South Korea, which owns cash shares in Upbit and Dunamu and is active in the cryptocurrency and blockchain industries, is likely to reap the benefits of Korea's rising cryptocurrency market next year.

Beyond the expectations of users, PayPal's cryptographic services are welcomed

Beyond the expectations of users, PayPal's cryptographic services are welcomed

In an April 25 interview with Time magazine, PayPal CEO Dan Schulman said demand for the digital currency services the company recently offered was significantly higher than expected:

The demand in this field has been many times what we initially expected and there is a lot of excitement in this field.

Schulman claims that PayPal has been monitoring the digital currency space for six years. However, the payment giant waited for digital assets to become more widely accepted in society.

Last October, PayPal made it possible for its US users to buy, sell and hold digital currencies, and in late March, it launched its digital currency payment service.

Schulman predicts significant changes in the financial system over the next ten years, which he believes will make today's payment services inefficient:

If you cash a check, receiving money can take up to three days. If you make an international remittance, your money can take up to seven days.

The head of PayPal predicts that up to 10 "superapps" will be used for payment services in the future, and cash will face a "significant reduction".

He also predicts that credit cards will eventually disappear and be replaced by mobile phones.

Bitcoin Analysis Sunday, April 4

Bitcoin Analysis Sunday, April 4

Last week, the price of Bitcoin surpassed $ 55,500 with a steady rise. The BTC / USD pair also broke the $ 58,000 resistance and was higher than the simple moving average of 100 (4 hours).

The pair even crossed the $ 59,500 level and continued its upward trend above the $ 60,000 resistance. However, the price did not close above the $ 60,000 level, but the price ceiling was set at around $ 60,030, after which a new downward trend began. In this downtrend, the support levels of $ 58,500 and $ 58,000 were broken.

The price of Bitcoin fell below the correction level of 23.6% Fibonacci retracement of the volatile price of $ 50,465 fell to the price level of $ 60,630. The BTC / USD 4-hour chart also shows a price break below a bullish uptrend line with support near $ 59,000.

The pair touched the $ 56500 support area and the simple moving average of 100 (4 hours). In addition, another uptrend line has formed with support at nearly $ 56,800 in the same chart.

If below the trend line support, the level of $ 56,500 and the simple moving average of 100 (4 hours) we see a downward price break, there is a possibility of a sudden fall to $ 55,250. This level is close to the 50% Fibonacci retracement level of the $ 50,465 uptrend to $ 60,630. Any further reductions may touch the $ 53,800 level.

If Bitcoin can stay above the $ 56500 support and the simple moving average of 100 (4 hours), it will probably face a price increase again.

The first major resistance to bitcoin is nearing $ 58,000. Closing the price above the $ 58,000 level could pave the way for a move to the 60,000 resistance area. The next major hurdle is close to $ 62,000.

Technical indicators

The MACD is accelerating hourly for the BTC / USD pair in the downtrend area.

The hourly RSI for the BTC / USD pair is currently below the 50 level.

Main Support: $ 56500

Main resistors: $ 58,000

6 multipurpose wallets for Android

6 multipurpose wallets for Android

In this article, we want to introduce you to wallets through which you can store and manage several of your digital currencies. You know that choosing a wallet is not easy and each of them has advantages. And they have their drawbacks. In this article, you will get acquainted with 6 top wallets that have been selected based on the popularity of these wallets in the Google Play store, the number of digital currencies they support, security and a number of other unique features.

 

Wallet (Blockchain.info)

    Release Date: 2013
    Supported platforms: iOS, Android, Web
    Supported digital currencies: BTC, BCH, ETH
    Private key: Available to third parties (Blockchain.info)
    Security: 2FA, multiple signatures
    Built-in Exchange: Activated by ShapeShift
    Ability to buy by credit card: Yes
    Number of installations on Android devices: more than 1 million people

 

The Blockchain.info website offers a wallet that is available to users in 37 different languages. Users of this wallet can buy ether digital currencies, bitcoins, bitcoin cache through their credit cards. Blockchain.info, like Kevin Base, holds users' private keys. This website is also a bitcoin blockchain browser and users can follow the information inside the bitcoin network through it. This information includes transactions, blocks, wallets and many other information that this site provides to you. One of the best information this site provides is that you can get accurate information about your transaction by entering a transaction hash (TxHash).

 

Wallet (Coinbase)

    Release Date: 2013
    Supported platforms: iOS, Android, Web
    Supported digital currencies: BTC, BCH, ETH, LTC
    Private key: In the possession of a third party (Kevin Base)
    Built-in: Activated by ShapeShift
    Ability to buy by credit card: Yes
    Number of installations on Android devices: more than 5 million people

 

One of the oldest and most popular wallets in the digital currency market is the Quinn Base. Interestingly, inside this wallet, you can exchange your assets with other digital currencies.

 

One of the drawbacks of this wallet is that the users' private key is in the possession of Kevin Base. Of course, the makers of this wallet have slightly alleviated this problem by offering security features such as 2FA, the ability to assign multiple signatures and the ability to use offline (Cold Storage). It is true that people all over the world can use this wallet, but we must keep in mind that the country of manufacture of this wallet is the United States of America and some of its features are only available to those who are American citizens.

 

Kevin Base and its users have been hacked a lot so far, but Kevin Base has insured people's assets.

 

Wallet (FreeWallet)

    Release Date: 2016
    Supported platforms: iOS, Android, Web
    Supported digital currencies: BTC, ETH, BCH, LTC, XMR, ARDR, BCN, BNT, BTG, DASH, DCT, DOGE, EOS, FCN, GUP, IGNIS, LSK, NEO, NXT, PTOY, USDT, XDN, XEM , XMO, ZEC
    Private key: Available to a third party (FreeWallet)
    Security: 2FA, multiple signatures, offline use (Cold Storage), email confirmation, transaction limit
    Built-in: Activated by Changelly
    Ability to buy by credit card: Yes
    Number of installations on Android devices: more than 1 million people

 

The FreeWallet team, unlike other wallet makers, has created a wallet for each of the digital currencies. With FreeWallet wallets you can store 25 coins and a large number of ERC20 standard tokens. FreeWallet also holds users' private keys and offers security features such as 2FA, the ability to use multiple signatures for the transaction, a confirmation email to send the transaction, and restrictions on the amount of the transaction. It also provides users with the ability to store assets offline (Cold Storage). One of the salient features of a FreeWallet wallet is the support service that sets it apart from the rest.

 

Wallet (Coinomi)

    Release Date: 2014
    Supported platforms: iOS, Android
    Supported digital currencies: 154 coins and tokens including bitcoin, ether and bitcoin cache
    Private key: Available to the user
    Security items: -
    Built-in: Activated by Changelly \ ShapeShift
    Ability to buy by credit card: None
    Number of installations on Android devices: more than 500,000 people

 

Coinomi wallet is one of the most popular wallets for digital currencies that supports a large number of coins and tokens. Coinomi wallets allow you to easily participate in ICOs and hold tokens that are not supported in other wallets. Another distinctive feature of the Coinomi wallet is that the user has a private key, which is why this wallet does not have additional security features.

 

Wallet (Jaxx)

    Release Date: 2014
    Supported platforms: iOS, Android, Chrome extension, OS X, Windows, Linux
    Supported digital currencies: 69 coins and tokens including bitcoin, ether and bitcoin cache
    Private key: Available to the user
    Hair

Security word: -
    Built-in: Activated by ShapeShift
    Ability to buy by credit card: None
    Number of installations on Android devices: more than 500,000 people

 

The Jaxx wallet was created by Anthony Diorio, one of the founders of Atrium, in 2014. This wallet is available to users through many platforms, and this is one of the reasons for its popularity. The Jaxx wallet, like the Coinomi wallet, allows you to easily participate in ICOs and keep coins or tokens that other wallets do not support. You can also connect the Jaxx wallet to the ShapeShift instant exchange and exchange your digital currencies, but keep in mind that this wallet does not allow you to exchange cryptocurrencies backed by Fiat currencies such as Tether and TrueUSD. Give.

 

BRD Wallet

    Release Date: 2016
    Supported platforms: iOS, Android
    Supported digital currencies: Bitcoin, Ether and Bitcoin Cash and up to 100 tokens with ERC-20 standard
    Private key: Available to the user
    Security items: -
    Built-in exchange: Yes
    Ability to buy by credit card: None
    Number of installations on Android devices: more than 100,000 people

 

The BRD wallet supports bitcoin, ether and bitcoin cache, as well as a large number of tokens that meet the ERC20 standard. The distinctive feature of this wallet is that the private key is available to the user and therefore other security issues are not considered. This wallet allows you to buy bitcoins by bank payment. You can also save and store your digital assets from your credit card and Simplex platform. The makers of this wallet have also launched a token called BRD.

Bitcoin Analysis Thursday, March 25

Bitcoin Analysis Thursday, March 25

Yesterday, Bitcoin was able to reach levels above $ 55,500 and $ 56,000 with the start of a proper recovery process. BTC even crossed the $ 57,000 resistance and the simple moving average of 100 (hourly).

However, the currency failed to continue its uptrend further, and as a result, resumed its downward trend after forming a price ceiling at $ 57,235. In the hourly chart of the BTC / USD pair, a price break is seen below a major uptrend line with support near $ 54,220.

The price of Bitcoin fell even below the support level of $ 54,000 and the pivot level of $ 53,200. Following this downward trend, the weekly price floor formed around the level of $ 51634 and bitcoin entered the consolidation phase. The first resistance is near the level of $ 53,000, which is near the correction level of 23.6% Fibonacci, the downward trend of $ 57,235 to $ 51634.

The first major resistance to this market cryptocurrency is near the $ 53,200 pivot level. If we see the price rise again above the $ 53,200 level, the probability of reaching the $ 54500 level increases. The 50% Fibonacci retracement level is down from $ 57,235 to $ 51634 and close to $ 54500.

If the bitcoin correction trend does not lead to levels above $ 53,200 and $ 545,500, in the short term it is more likely to continue its downward trend. In this case, the first support will be close to the level of $ 51,500.

The first major support is now close to the $ 51,000 level, below which the $ 50,000 support area is likely to be touched. Any further price cuts could lead to a move to the $ 48,000 level.

Technical indicators

The hourly MACD for the BTC / USD pair is slowly accelerating in the downtrend.

The hourly RSI for the BTC / USD pair is now below the 40 level.

Main support: $ 51,000 and $ 50,000

Main resistances: 53200, 54500 and 55000 dollars

An overview of the cryptocurrency market Thursday, March 11

An overview of the cryptocurrency market Thursday, March 11

Bitcoin, which was close to the last record set at around $ 1,000, was once again rejected and fell below $ 56,000. However, minor corrections among the Altcoins allowed BTC to regain some of its lost dominance in the market.

Bitcoin was only 2% away from its latest record

Over the past few days, the market's top cryptocurrency has been on the rise after falling to $ 47,000. On the other hand, as organizations became more interested in Bitcoin, its price rose.

The incident hit the $ 50,000 level again, but the cows did not stop at that level, pushing the cryptocurrency to its two-week high of about $ 57,000. According to data released by Bitstamp, the highest daily BTC rate yesterday was around $ 57,400. At this time, the distance between Bitcoin and its highest price level reached about $ 1,000 (1.75%). However, the currency failed to defend this level and reached the current level of $ 55647 following the latest price corrections.

What is remarkable is that the bitcoin market capitalization currently remains well above the $ 1 trillion mark.

Increasing bitcoin dominance

The value of more replacement coins increased with their leader. These developments led Atrium to cross the $ 1,800 mark with a $ 400 increase in one day. However, ETH has fallen slightly since yesterday and is below this sensitive level.

Cardano (-5%), Polkadot (-5%), Ripple (-5.2%), Chainlink (-5.8%) and Uniswap (-5%) have lost some of their value in the last 24 hours.

Binance Coin and Litecoin remain almost unchanged, trading at around $ 275 and $ 195, respectively.

As expected, the situation has been significantly more volatile among low and medium market value altcoins. Meanwhile, Theta Fuel had the best performance with 50% growth. It is followed by Hedera Hashgraph (25%), THETA (19%), Basic Attention Token (15%), Zilliqa (12%) and Bitcoin Gold (11%).

Polygon, on the other hand, fell 10 percent, the biggest drop since yesterday. Avalanche (-9%), Decentraland (-9%), Fantom (-6.5%) and PancakeSwap (-6%) are also in the next ranks.

The relative cessation of large market altcoins has helped bitcoin reassert its dominance in the cryptocurrency market. Thus, the benchmark for comparing the market value of BTC with other altcoins has reached above 61%.

US companies have bought 13,000 bitcoins for $ 48,000 at Coinbase

US companies have bought 13,000 bitcoins for $ 48,000 at Coinbase

Ki Young Ju, chief executive of data company CryptoQuant, announced on Twitter that 13,000 bitcoins had left the US exchange Coinbase.

He said the bitcoins had been bought by US financial institutions and that they were buying more and more bitcoins, despite the recent price correction.

At an average price of $ 48,000 per bitcoin, the value of the 13,000 bitcoins purchased is about $ 624 million.

He mentioned in the tweet that he bought $ 624 million worth of bitcoins and said that with the price of bitcoins reaching $ 51,000, the value of their purchase reached $ 668,244,200, which gave the owners of these bitcoins a profit of $ 42 million in just a few The clock is given.

He called the purchase a very positive signal for Bitcoin.

Tweet translation:

"13,000 bitcoins left the Coinbase exchange in just a few hours. These bitcoins appear to have been transferred to several Custody wallets. US corporate investors are still buying bitcoin for $ 48,000. This is the strongest bullish signal I have ever seen. "

As previously reported on the Holakouee Academy website, Coinbase's large exchange stock is to be listed directly by the US Securities and Exchange Commission.

The stock will be traded on Nasdaq under the COIN subset. Strangely enough, in the S-1 form of this exchange, Satoshi Nakamoto is mentioned as the designated recipient of this exchange.

The exchange also revealed that it has used bitcoin and other digital assets in its financial accounts since 2012.

The price of Bitcoin has reached $ 51,000 with the announcement of the listing of the exchange's shares in the US stock market.

An overview of the cryptocurrency market

An overview of the cryptocurrency market

On January 29, the price of Bitcoin (BTC) reached $ 38,500 for a short time before a sharp correction and reached $ 35,000.

This sharp resistance defeat in the price of Bitcoin is largely attributed to Ilan Mask and the change of his Twitter profile to Bitcoin. Dodge Quinn, on the other hand, continues its hype on Twitter and among traders. The DOGE price adjusted to 41% after reaching a record high of $ 0.078, before returning to $ 0.045.
These developments are related to the creation of the Wall Street Bets Index (WSB) in the FTX exchange. It tracks the prices of Nokia (NOK), BlackBerry (BB), AMC Theaters (AMC), GameStop (GME), Silver (SLV), DOGE and FTX tokens using their weighted average price.

Bitcoin price stability despite the sale of miners
Despite recent fluctuations, corporate investors are still showing more interest in bitcoin and are even willing to pay premiums for using bitcoin CME futures contracts.

Even the selling pressure created by bitcoin miners, at levels that have been unprecedented since the price increase to $ 14,000 in July 2019 (July 98), has not met the growing demand for this currency. Unlike previous years, mass sales by miners have not had a negative impact on the long-term price of BTC.

The growing interest of organizations and the advent of DeFi are the main reasons for the growth of bitcoin prices. As the Chinese New Year approaches, the main support level to watch out for is $ 34,000, while the resumption of the currency's uptrend will face resistance at $ 38,000.

The expiration of $ 4.9 billion in BTC futures on January 29 also did not seem to have much of an impact on the market, as Robinhood last week's move attracted more people to the cryptocurrency industry.

Altcoins growth signals
While Bitcoin is struggling to stay above $ 34,000, DOGE has found its way into the top 10 currencies in the market, and a number of Altcoins have seen bullish failures.

Ripple (XRP) and Stellar (XLM) have both grown by almost 9% in the last 24 hours, while Voyager Token (VGX) continues to climb higher. The currency is currently trading at $ 1.77 with 70% growth.

Atrium is trading with a 3.51% increase in 24-hour timeframe at $ 1344. Polkadat, despite a 0.93% price increase, still shows a 9.01% decline on a weekly basis. The currency is currently trading at 16.51%.

The total market value of cryptocurrencies is currently $ 1.01 trillion and the bitcoin dominance rate is 63.5%.