BlockFi, an innovative wealth management solution for crypto investors has announced today the successful completion of its Series A funding round, amounting to $18.3 million. The investment was led by Valar Ventures, with participation from Winklevoss Capital, Galaxy Digital, ConsenSys Ventures, Akuna Capital, Avon Capital and others.

This marks the first major cryptocurrency investment for Valar Ventures, a New York-based VC fund, which previously led Series A rounds in well-known fintech companies such as Transferwise, N26, Qonto and Petal.

• Litecoin has a bearish short-term bias, with the LTC / USD pair once again rejected from its 200-period moving average on the four-hour time frame
• The four-hour time frame shows that the LTC / USD pair is still trapped within a neutral triangle pattern
• The LTC / USD pair has a bullish medium-term outlook, with price holding firm above its 200-day moving average

Litecoin has a bearish short-term bias, with the LTC / USD pair once again strongly rejected from its 200-period moving average on the four-hour time fra

Polymath has announced a major version upgrade for its STO platform along with the addition of QRC token to the Token Studio.

Last week Nexo (NEXO) announced a MasterCard-branded credit card to let hodlers spend their borrowed crypto, bringing virtual assets forty million steps closer to mass adoption.

Today’s Litecoin halving met with a muted market response, which could be a sign that the cryptocurrency market is beginning to mature.

Like Bitcoin (BTC),  Litecoin’s block rewards fall by 50% approximately every four years, thereby increasing the importance of transaction fees as a network incentive. The reduced supply increases scarcity for the token as the network matures.

Today, IBM and Chainyard announced Trust Your Supplier (TYS), a blockchain-based platform for simplifying supply chain management and supplier verification and onboarding. Within the coming months, IBM plans to bring 4,000 of its North American suppliers onto the new network, potentially gaining an edge in the world of supply chain management.

Rising tensions between the U.S. and China are damaging global markets as well as investor confidence. But while sabers rattle, cryptocurrency markets are booming.

Bitcoin prices are at the highest levels in more than three weeks, rising over 8% in the past twenty-four hours. That’s a gain of approximately $1,000. The rise has also lifted the rest of the digital asset market, which had a total value of $310bn at the time of writing.