Is Bitcoin Peak In? This Data Suggests Otherwise, Analytics Firm Says
An analytics firm has explained how the data related to the stablecoins could hint at whether the Bitcoin market top is in or not. Stablecoins Have Seen Their Market Cap Touch New Highs Recently In a new post on X, the market intelligence platform IntoTheBlock has discussed about the trend in the combined stablecoin market cap. “Stablecoins” refer to cryptocurrencies that are pegged to a fiat currency (with USD being the most popular choice). Generally, investors make use of these assets when they want to avoid the volatility associated with other coins like Bitcoin. Traders....
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The team behind the platform that allows users to track data on the Ethereum blockchain, Dune Analytics, announced the firm has raised $8 million from strategic investors like Union Square Ventures. Dune Analytics detailed the firm plans to leverage the new financing in order to hire more help and monitor other blockchains. Crypto Metrics Provider Dune Analytics Raises $8 Million Crypto data services and analytics has seen massive demand in 2021 as everyone wants to gather factoids on their favorite crypto assets. Bitcoin.com News recently reported on the crypto firm Messari raising $21....
On May 5, the cryptocurrency data and analytics provider Coin Metrics announced the firm has raised $15 million in a Series B financing round. The funding was led by Goldman Sachs and a number of other venture firms, as digital currency data has become a hot commodity in recent times. Digital Currency Data and Analytics Firm Coin Metrics Raises $15 Million The Boston-based Coin Metrics has revealed the company has raised $15 million in a Series B financing round that was led by the American multinational investment bank and financial services company, Goldman Sachs. The company Coin....
On April 30, the crypto-focused data analytics company Skew announced the firm has been acquired by the San Francisco company Coinbase. The exchange will leverage Skew’s data with the firm’s institutional subsidiary Coinbase Prime. The goal is to make “cryptocurrency markets more transparent and accessible for institutional investors.” Coinbase Acquires Analytics Company Skew Skew, the company behind the crypto data and analytics website skew.com has been acquired by Coinbase according to a recently published blog post. Bitcoin.com News and a myriad of other crypto....
The Web3 analytics platform Dune Analytics has announced it has closed a $69.4 million Series B fundraise led by Coatue. The firm’s latest fundraise follows the company’s Series A last August when Dune Analytics raised $8 million. With the Series A and B combined, the firm has been propelled to unicorn status with a post-money valuation of $1 billion. Dune Analytics Secures $69.4 Million in Series B Financing Round, Plans to Offer Financial Compensation to Contributors On Wednesday, the decentralized finance (defi), non-fungible token (NFT), and Web3 analytics platform Dune....
Ethereum data firm Dune Analytics, which has stood out from the pack for its focus on DeFi projects, has raised a $2 million seed round.