Ethereum News Daily Official TheBitTimes.com

Key takeaways Bitcoin continues to struggle below $62k and could plunge lower in the short term. Bitbot has raised $3.3m so far, with only two stages of the presale left. Bitcoin stays below $62k Bitcoin has been struggling in recent weeks and could record further losses if the market condition persists. At press time, the price of Bitcoin stands at $61,254, down by than % in the last seven days. The poor performance comes as the US Federal Reserve recently dashed hopes of cutting interest rates in the short term. Risk-averse assets like Bitcoin continue to underperform with the interest rate still high.  What is Bitbot?  Bitcoin’s boring price performance hasn’t affected other activities in the broader crypto market. Presales and airdrops continue to attract the attention of Degens and other industry participants.  Bitbot is one of the projects that is raising capital from investors to address certain pain points in the mark...

Backed Finance AG, a leading issuer of tokenized real-world assets and tokenization services, announced a successful Series A funding round, having secured $9.5 million.  Led by Gnosis, the funding round attracted both existing and new investors including Exor Seeds, Cyber Fund, Mindset Ventures, Stake Capital Ventures, Blockchain Founders Fund, Blue Bay Capital, and Nonce Classic. Backed brings traditional finance to blockchain The funding highlights Backed’s mission to bring traditional finance (TradFi) to the blockchain. Picks for you Crypto traders lost $100 million in 4 hours as the market crashed 35 mins ago Promising Ethereum tokens to invest in May 2024 47 mins ago Cardano price prediction after whale activity explodes 1 hour ago Professional trader warns of ‘catastrophic’ market crash and crypto lows 1 hour ago round ed-md layout-adjustment"> Adam Levi, Backed co-founder, expressed excitement about the investment round , stat...

Amid a crypto downturn, startup Bastion successfully garners $25 million in a funding round spearheaded by a16z crypto, aiming to ease blockchain use for conventional businesses. Bastion, a startup supported by Andreessen Horowitz’s crypto arm, a16z crypto, emerges from stealth mode. Co-founded by Riyaz Faizullabhoy and Nassim Eddequiouaq — former chief technology and chief security officers at Andreessen Horowitz’s crypto division — Bastion recently raised $25 million in a funding round . 1/ After months of building in stealth mode, we are ready to introduce ourselves and announce our $25M fundraise led by @a16zcrypto. We are Bastion, and we are here to help brands and businesses build a digital world that people actually want to live in pic.twitter.com/mZPCxo1yRl — Bastion (@BastionPlatform) September 18, 2023 Notably, this fundraising comes amidst a bear market for digital assets. “It was clear that even as crypto came back down into another bear market, this ti...