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    New Developments in Crypto Market

    By Ammar Mukhtar

    Apr 07,2022

    8:51 AM UTC

    The week has been bullish for the crypto market. Following are the highlights:

    • Bitcoin (BTC) jumps to a new value and achieves a price of $46k, highest in the past few days. The price is currently being traded at $44 with a decrease of 4.53% in the past 24 hours.
    • Ethereum (ETH) is also following BTC footsteps and has went 3.5k, highest in the past few days. Currently being traded at $3.2k with a decrease of about 6.5% in the past 24 hours.
    • Blockchain gaming project Sky Mavis declared it brought USD 150m up in a financing round drove by crypto exchange Binance, which will be utilized to repay client reserves impacted by the Ronin Validator Hack. Also, Sky Mavis said it will expand the validator gathering to 21 validators inside the following three months, which will be a parted between different partners including accomplices and long haul partners.
    • Advanced resource stage (NEXO) declared the launch of Nexo Prime, a superb financier stage focused on institutional, corporate, and high-total assets financial backers. The new stage has USD 375m in custodial protection through protection firms Lloyd’s of London and March and Arch
    • Ethereum (ETH) Layer-2 scaling arrangement Boba Network brought USD 45m up in a Series A subsidizing round, esteeming the venture at USD 1.5bn. The subsidizing will be utilized to help Boba’s further turn of events, they said
    • Blockchain company NEAR Protocol (NEAR) brought USD 350m up in a round drove by Tiger Global
    • Crypto monetary insight supplier Coin Metrics brought USD 35m up in a Series C financing round drove by Acrew Capital and BNY Mellon
    • Crypto Insurance supplier Relm declared the launch of Relm II, a reinsurance business that can acknowledge both fiat and crypto as insurance.
    • Revolt Blockchain declared that they delivered BTC 511 (USD 23m) in March 2022, an increment of roughly 176%, when contrasted with March 2021
    • Marathon Digital declared the aim to change its bitcoin (BTC) diggers from the office in Hardin, Montana, USA, to new areas with more feasible and non-carbon producing wellsprings of force. In any case, they didn’t reveal which areas they are hoping to move to.

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