CryptoQuant Raises $3 Million in Hashed-Led Funding Round  

According to a recent press release, CryptoQuant has raised $3 million from industry investors during the recent funding round. The fund was led by  Hashed, a globally renowned blockchain capital firm. The firm has been financially supporting blockchain projects towards a decentralized future and has invested in public blockchain projects like Klaytn and Line’s LINK. Other significant investors who participated in the fund include Galaxy Interactive,  Mike Novogratz, Youbi Capital, and Mirae Asset Capital.  CryptoQuant stated that it would focus…

Bitcoin Price Plunge Causes a Massive Drop Below $40,000

Yesterday, the price of Bitcoin dropped below $40,000 despite the positive news that has been flocking the crypto space. Jack Dorsey even made an announcement teasing that he would make a bitcoin payment plan. However, despite the opportunity to buy that the dip has provided for buying, bulls are hesitant to do so. On the other hand, long-term holders continue to accumulate. Why the Price Dropped The price of Bitcoin has not recovered despite continuing claims that Wall Street banking…