Bitcoin at Rs 16.34 lakh

Major cryptocurrencies were trading in the red early on October 16 as the global market cap declined to $916.

All stable coins have a volume of $33.

Over the course of the day, the price of the digital currency decreased by 0.


Ethereum decentralized exchange Uniswap raises $165M in new funding


The crypto bear market may have  the retail investors, but it hasn't scared the venture capitalists looking to fund DeFi projects.

 Uniswap announced its latest raise of $165 million, led by Polychain Capital.

 Joining Polychain Capital in the Series B funding round are a16z crypto, Paradigm, SV Angel, and Variant.

I'm so excited to announce that we've raised $165 million in Series B funding,” Hayden Adams said in a post announcing the raise.

 Last month, TechCrunch reported that the first in-progress round could be between $100 million and $200 million, with a Singapore-based sovereign investment fund and Polychain tied to the deal.

 The latest round has Uniswap a $1.

 

CoinShares creates Twitter bot that gives traders 'fair prices' for Ethereum NFTs


  1. Trading platform and investment group CoinShares has debuted an experimental social media bot that claims to calculate a "fair price" for a given NFT. NFTs, which are unique smart contracts whose value changes, are a new investment opportunity, and demand for NFTs changes wildly. CoinShares’ Twitter bot aggregates data and informs Twitter users at what price a specific NFT could be bought or sold for. In an email, company spokesperson Chris Upadhyay told Decrypt that the research team created the NFT currency pricing bot because its researchers wanted to provide a tool to help NFT investors and traders.