Day: April 12, 2021

ConsenSys-backed poker platform secures $5M investment

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Ethereum infrastructure firm ConsenSys and venture capital fund Pantera Capital have led a group of investors in a $5-million funding round for Virtue Poker, according to an announcement on Monday. Other participants in the strategic investment round included blockchain investment outfit DFG and FunFair founder Jez San. Virtue Poker, an Ethereum-based decentralized poker platform, was founded back in 2016 within the ConsenSys suite of blockchain projects. Back in 2020, the company secured a B2C — Gaming Service License from the Malta Gaming Authority. The $5-million investment will be used to…

GameStop Job Listing Hints at Crypto or NFT Project

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Share this article NASDAQ-listed retail business GameStop is looking for a security analyst with experience in cryptocurrency, blockchain, and NFT.  GameStop Joins Crypto Bandwagon  The additional skills and experience section of GameStop’s recent job posting for a security analyst states that ideal candidates will have experience with “blockchain, cryptocurrency, and non-fungible tokens.” The vacancy has opened at GameStop’s headquarters in Grapevine, Texas.  The U.S.-based franchise for retail gaming and trade-in made the front page of financial news worldwide after a social media-powered buying led to a historic short-squeeze, pumping GME…

Stellar Primed to Break Out as Institutions Buy XLM en Masse

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Key Takeaways Stellar recently made a new yearly high of $0.66. On-chain data shows that Grayscale has been adding many tokens to its holdings to meet institutional demand. As buying pressure mounts, XLM seems primed to advance further. Share this article Stellar entered a new uptrend that has seen it rise over 60% since the beginning of the month. While institutional investors continue scooping up more XLM, prices look poised to break out.   Institutional Demand Skyrockets Institutional demand for XLM seems to be picking up at an exponential rate. Although…

Ripple (XRP) Consolidates Gains, Why Rally Isn’t Over Yet

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Ripple extended its rally above the $1.200 resistance zone before correcting lower against the US Dollar. XRP price is now consolidating gains and it is likely to rally again above $1.400. Ripple rallied towards $1.50 before correcting lower against the US dollar. The price is now trading well above $1.1500 and the 100 simple moving average (4-hours). There is a key contracting triangle forming with support near $1.3100 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair is likely to start a fresh rally if…

Bitcoin Steadies Above $59K, Here’s How Bulls Could Aim Fresh Rally

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Bitcoin price failed to continue higher above $60,800 and corrected lower against the US Dollar. BTC is now holding gains and it is likely to rally above $61,000 unless there is a break below the 100 hourly SMA. Bitcoin is struggling to gain momentum above the $60,000 and $60,500 levels. The price is now trading above the $59,000 level and the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $60,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…