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Swiss Crypto Bank Sygnum Raises $40M, Nearing Unicorn Status

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Sygnum, a leading Swiss crypto bank, has successfully closed a $40 million funding round, propelling its valuation to $900 million. 

The funding round was spearheaded by investment manager Azimut Holdings.

The proceeds from this round will be strategically allocated to fuel Sygnum’s expansion into new markets across Europe and Asia, catering to the growing demand for regulated and secure crypto banking services.

Mathias Imbach, Sygnum’s co-founder and CEO, expressed his gratitude for the unwavering trust placed in the company by its investors, particularly in the face of challenging macroeconomic conditions. 

He emphasized that Sygnum’s unwavering focus on building trust through regulation and sound governance has served as a guiding principle throughout various market cycles.

See Also: Good News: Solana Foundation Partners With CoinDCX To Launch $3 Million Funding For Indian Web3 Developers

Gerald Goh, Sygnum’s co-founder and CEO of its Singapore office, said:

“The broader industry is emerging from the ‘crypto winter’ and investors and market participants are increasingly seeking to partner with trusted and well-managed financial institutions. For Sygnum, this fundraise will allow us to further build out our suite of fully regulated solutions to support investors as they increase their exposure to the asset class.”

In January 2022, the company was valued at $800 million after closing a $90 million funding round. 

Since then, the bank’s assets under management have witnessed a substantial surge, reaching $4 billion, with a diverse client base of 1,700 individuals and institutions from over 60 countries.



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Press Release

Bitcoin Surpassed The $60k Mark, Whale Activities Increase

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Bitcoin (BTC) has been consistently rising over the past few days and has just surpassed the $60k mark. 

BTC is up by 4.3% in the past 24 hours and is trading at $60,258.11 at the time of writing. The flagship asset’s market cap just surpassed the $1.15 trillion mark with a daily trading volume of $45 billion. 

According to data provided by Santiment, Bitcoin investors are taking over the crypto social media talking about the asset’s bullish momentum. 

BTC’s social volume increased by 131% since Feb. 24, per the data provider. 

See Also: Glassnode: Short-term Bitcoin Holders Are Flooding Crypto Exchanges As BTC Soar

The majority of the conversations, according to Santiment, include the terms “60k,” “ATH,” and “bullish.” 

This shows that some investors are currently expecting new all-time highs for the leading cryptocurrency. 

Following the price surge from the $50,000 mark, Bitcoin’s whale activity also recorded a notable increase. 

According to Santiment, whale transactions consisting of at least $100,000 worth of BTC surged from 8,267 to 16,885 unique transactions per day since Feb. 24.

When an asset’s whale activity quickly surges, high volatility is usually expected. 

Per Santiment, Bitcoin’s Relative Strength Index (RSI) is currently hovering around 80. 

The indicator suggests that the flagship crypto is currently witnessing high volatility due to greedy market conditions.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN



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Algotech Presale surges as Solana and Chainlink investors jump in.

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In the cryptocurrency world, a new project recently made a big splash by raising $1.1 million in its first presale. This got a lot of attention from investors who were feeling unsure about other projects. Algotech ($ALGT) is now grabbing the spotlight, offering new technology and perks for its community members. With doubts growing about projects like Solana and Chainlink, which seem to have peaked, investors are turning to Algotech, hoping for big returns. Algotech’s quick success shows that things are changing in cryptocurrency, bringing new ideas and growth opportunities.

 

Solana’s Outage and Chainlink’s Bearish Trend even in the midst Transaction Surge

Solana, known for its fast blockchain and surging activity, faced a significant challenge, with an outage lasting approximately five hours earlier in February. During this period, Solana’s SOL token experienced a decline in value, dropping from around $96 before the issue arose to below $94. And this is the 11th outage in just two years. With so many occurrences of outages, more are to be expected, and the more outages, the more money would be lost for investors. Gradually, investors are looking for a platform where outages won’t be as frequent and they won’t lose as much.

Chainlink (LINK) has surged 150% in the past year, with big transactions soaring by 175%, totaling $338.96 million. Recent data shows a jump from 6.17 to 17.65 million LINK between February 19 and 20, hinting at institutional investor interest. Whale Alert reported major moves, including one undisclosed wallet transferring $79 million worth of LINK and BlockFi moving $46 million worth. Unfortunately, Chainlink’s price dropped by 7.5%, likely due to increased correction and market volatility. Experts attribute Chainlink’s (LINK) price movement to these factors. Moving forward, further disruptions like this will continue to occur, and the more they occur, the more money investors will lose.

 

Algotech: The Future of Crypto Investment

Before the presale began, Algotech (ALGT) raised $1.1 million in a private sale within just two days. Investors eager for a share of this groundbreaking software and future profits can join the ongoing public presale. Algotech (ALGT) is currently in Stage 1 of its public presale, already selling over 7 million tokens out of 40 million available.

With tokens priced at just $0.04, investors are eyeing a potential 275% profit when ALGT reaches its projected launch price of $0.15 in Stage 4. Additionally, presale participants can win prizes like iPhones, Apple Watches, and tickets to a Blockchain event in Dubai.

For context, Algotech (ALGT) is a premier decentralized trading platform designed for savvy traders. Its standout feature lies in its intuitive programming, simplifying trading processes, and its incorporation of artificial intelligence for informed decision-making. Algotech (ALGT) is committed to delivering unparalleled market insights, empowering traders to capitalize on trends effectively for optimal profitability.

Moreover, it offers traders robust tools to safeguard and expand their capital effortlessly, providing cutting-edge trading functionalities at their fingertips.

It is best not to miss this robust opportunity because they rarely come like this. Algotech is about to take the crypto world by storm and being part of the wave would be beneficial.

 

For more details about this project:

Visit Algotech Presale

Join The Algotech Community



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Filecoin (FIL) and Polygon (MATIC) are Coins To Watch Amid Growing Momentum, While Rebel Satoshi Earns Market Confidence

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TLDR

  • FIL is set to resume its bullish trend.
  • MATIC bulls expect rallies to $2.20.
  • $RBLZ offers 150% gains before the launch.

Crypto experts single out Filecoin (FIL) and Polygon (MATIC) as the best coins to invest in 2024 due to their outstanding growth potential. On the other hand, Rebel Satoshi ($RBLZ) is gaining massive traction as a revolutionary meme coin project. Let’s take a closer look at what FIL, MATIC, and $RBLZ have to offer and try to detect the top crypto to buy today.

 

Could FIL Reach Over $14 in 2024?

Filecoin bulls suggest FIL as the best crypto to invest in now based on Filecoin’s significant innovations in the field of decentralized data storage. Furthermore, analysts evaluate Filecoin as a viable long-term investment due to FIL’s continued rallies in terms of trading volume. According to a recent Filecoin price prediction, FIL could manage to surpass the $14 range by the end of 2024.

For reference, FIL traded around the $8 threshold during the second week of February, which means that Filecoin could increase by a remarkable 75%. Filecoin supporters point to the platform’s partnership with Chainlink Labs as another important factor behind this optimistic forecast.

On the other hand, bears claim that Filecoin’s increased market volatility could result in pronounced price dips within the forthcoming term. More precisely, FIL bears believe that Filecoin could decrease toward the $5.20 level by the year’s close.

 

MATIC Aims for the $2.20 Threshold

Polygon bulls expect continued rallies in the price of MATIC based on several factors, such as Polygon’s substantially increased whale activity. In addition, experts praise MATIC as one of the top crypto coins in the current market due to Polygon’s reputation as one of the best layer-2 scaling solutions for Ethereum. As for the latest bullish Polygon price prediction, MATIC could approach the $2.20 mark by the end of the year.

For reference, MATIC traded around the $1 range in the second half of February, meaning that Polygon investors could obtain exceptional 120% gains.

Conversely, Polygon bears expect massive drops over the next MATIC price movements due to the token’s inability to provide holders with valuable short-term rewards. In the worst-case scenario, Polygon could undergo corrections toward $0.60 by the end of December 2024.

 

Rebel Satoshi Gathers Significant Bullish Strength

Rebel Satoshi is a new meme coin project that aims to ignite a lasting crypto revolution based on equality and decentralization. Therefore, Rebel Satoshi’s decentralized protocol empowers $RBLZ users to take an active part in the development of the platform’s vibrant ecosystem and to receive multiple exclusive rewards as members of Rebel Satoshi’s defiant army of Recusants

For example, adopters of the powerful ERC-20 $RBLZ token gain unparalleled staking rewards and unique access to a treasure trove of rare collectibles and NFTs. Additionally, $RBLZ holders can engage in various amusing quests and gain additional benefits by participating in Rebel Satoshi’s exciting meme culture.

On top of all that, Rebel Satoshi has already raised over $2.1 million and has completed its Smart Contract Audit. The $RBLZ token is at the final round of the presale, the Recusants Round 5, available for just $0.024.

Investors are looking at innumerable profits after $RBLZ rises to the targeted $0.025 and hits DEXes on March 4. On the other hand, Rebel Satoshi’s presale target marks a noteworthy 150% surge from the initial price figure of $0.010.

Rebel Satoshi’s groundbreaking potential has inspired several advanced crypto experts to embrace $RBLZ as the best cryptocurrency to buy now. Make sure to visit the Rebel Satoshi presale before February 29, as $RBLZ is poised to leave FIL and MATIC in the dust as it resumes its unprecedented bullish rise!

For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram



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