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

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$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 🔥

👉 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.

👉 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.

👉 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.