Nicholas Kitonyi

Kenya

Writer at Freelance

Reporter and Editor at NFTgators

Contributor at Seeking Alpha

Crypto Reporter @NFTgators Contributor @Forbes and @SeekingAlpha https://t.co/utQekr7tPz…

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Articles

DeFi Startup Glider Raises $4M to Automate Crypto Trading and Swaps

1 week ago | nftgators.com | Nicholas Kitonyi

Quick take:Glider said it is also participating in A16z’s Crypto Startup Accelerator in San Francisco this Spring. The company is building a platform that helps users invest in crypto without having to deal with brokers or centralised exchanges. The New York-based Web3 startup plans to leverage AI to help users tweak their crypto investments to their desired specifications.
Trump Organisation Looking to Add a Blockchain Game to List of Crypto Ventures

1 week ago | nftgators.com | Nicholas Kitonyi

Quick take:The Trump organisation’s portfolio of crypto projects already includes NFT collections, a memecoin, a stablecoin, a mining firm and the DeFi venture World Liberty Financial. Bill Zanker, a longtime pal of Trump who helped the President launch his memecoin and NFTs, is reportedly behind the crypto game.
1kx Leads $11M Seed Round for Blockchain Memory Layer Optimum

1 week ago | nftgators.com | Nicholas Kitonyi

Quick take:Optimum offers a chain-agnostic a decentralised, performance-enhancing memory layer. The platform ensures that the way blockchain data is stored, accessed and propagated is faster, cheaper and truly decentralised. Optimum leverages an innovative method of decentralised coding dubbed Random Linear Network Coding (RLNC), developed by MIT professor Muriel Médard. Optimum, a chain-agnostic memory layer incubated by MIT, has raised $11 million in a seed round led by 1kx.
Tether Taps Self-Custody Crypto Wallet Solution Provider Fizen to Advance Global Stablecoin Adoption

1 week ago | nftgators.com | Nicholas Kitonyi

Quick take:The investment also allows Fizen to offer a more efficient and user-friendly solution for storing, transferring and transacting in stablecoins. It will allow users to pay seamlessly using stablecoins while merchants receive instant fiat settlements through popular payment methods like QR codes and card readers. Both companies are looking to bridge the gap between traditional finance and digital assets by offering a solution to the unbanked.
Kraken Taps Financial API Platform Alpaca to Expand to Stocks and ETFs Trading

1 week ago | nftgators.com | Nicholas Kitonyi

Quick take:The announcement follows Kraken’s recent acquisition of U.S. futured markets platform NinjaTrader for $1.5 billion. It comes amid increased optimism in the market, amid expectations that Trump will deliver on his promise of crypto-friendly regulations. Kraken trades will be able to trade U.S. stocks and ETFs in some U.S. states starting Monday.
JPMorgan’s Blockchain-Based Payments Network Adds Support for GBP

1 week ago | nftgators.com | Nicholas Kitonyi

Quick take:The company said the move will allow UK companies access to blockchain-based accounts 24/7. They will be able to use the accounts for real-time payments and cross-border transactions and allow users to conduct foreign exchange between GBP, EUR, and USD. Kinexys previously introduced EUR-denominated blockchain accounts in Frankfurt. JPMorgan’s blockchain platform Kinexys (formerly Onyx) has expanded support to include pound sterling dominated blockchain deposit accounts.
Bitcoin Bounces Off 100-Hour MA to Trade at About $83,641

1 week ago | fxdailyreport.com | Nicholas Kitonyi

On Friday, the Bitcoin price bounced from the session lows of about $78,783 to trade at about $83,641 after Trump’s crypto bill signing. The BTC/USD trades within an ascending channel formation in the 60-minute chart. The price of the pioneer cryptocurrency has now advanced to trade a few levels above the 100-hour moving average line. As a result, the Bitcoin price is on the verge of entering the overbought levels of the 14-hour RSI.
USD/JPY Bounces Off 6-Month Lows to Trade at About 144.16

1 week ago | fxdailyreport.com | Nicholas Kitonyi

On Friday, the USD/JPY currency pair bounced from its current 6-month lows of about 142.03 to trade at about 144.16. The currency pair also completed an upward breakout from a descending channel formation. The pair continues to trade a few levels below the 100-hour moving average line. Friday’s rebound helped the currency pair to recover from the oversold levels of the 14-hour RSI.
Crypto Lending Platform APX Secures $20M From Private Credit Firm Cypress Hills - NFTgators

1 week ago | nftgators.com | Nicholas Kitonyi

Quick take:The Toronto-based company allows borrowers to use digital assets as collateral. APX Lending plans to use the new capital to accelerate its expansion in Canada amid rising demand for crypto-backed lending. The company recently received an exemptive relief from the Canadian Securities Administration, exempting it from various registration and prospectus requirements. APX Lending has secured $20 million in funding from private credit investment firm Cypress Hills.
AUD/USD Extends Gains Above 100-Hour MA to Trade at 0.6254

2 weeks ago | fxdailyreport.com | Nicholas Kitonyi

On Friday, the AUD/USD currency pair bounced from the trendline support at about 0.6317 to trade at about 0.6382. The currency pair trades within an ascending channel formation in the 60-minute chart. The currency pair has now ascended to trade a few levels above the 100-hour moving average line. As a result, the currency pair moved closer to the overbought levels of the 14-hour RSI.