Austria-Based Bitpanda Raises $170M For Expansion – March 16

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $55,593

Bitcoin price retested support around $53,500 twice today, followed by a bounce back above the $55,000 level.

Top-20 altcoins have had mixed performance over the last 24 hours, as Ethereum gains 2%, XRP bounces back 10% and Uniswap falls 4%.

Top Stories for March 16, 2021 πŸ”₯

πŸ‘‰ Austria-Based Bitpanda Raises $170M For Expansion

Bitpanda, a cryptocurrency firm based in Austria, has raised $170 million in Series B funding led by Peter Thiel’s Valar Ventures.

According to Bitpanda, the investment brings the company’s total valuation to $1.2 billion, making them the country’s first “unicorn”.

The funding will help Bitpanda to expand their services in Europe, with offices and hubs to be set up in several major cities.

πŸ‘‰ Alameda Accused Of Threatening REEF With Delisting Following Botched Deal

Crypto investment firm Alameda Research, backed by FTX CEO Sam Bankman-Fried, has been accused of threatening Polkadot project Reef Finance with a delisting of its tokens on centralized exchanges.

According to Reef Finance, the threats were made after the second-half of a token purchase deal fell through with Alameda.

Reef Finance claims that Alameda Research has immediately dumped the first round of tokens on Binance, prompting Reef to attempt to add a vesting period to the tokens in the second half of the deal.

πŸ‘‰ Google Searches For “NFT” Reach New All-Time High

Google search volumes for the term “NFT”, an acronym for non-fungible token, have reached new all-time highs, as activity in the niche increases from celebrities, sports and companies.

The number of weekly users of NFT platforms has also shot to new record-highs, with almost 400,000 users for the week beginning March 8th.