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Prytek Takes $12 Million Stake in Israeli Startup TipRanks

The venture capital now has a $15 million investment in the trade analysis startup.



Prytek, a Singapore-based venture capital, has invested fresh $12 million in TipRanks Ltd., an Israeli trade analysis startup, by purchasing shares from its existing investors, founders, and even employees.

This came as an extension of the venture capital’s holding on the startup as it already invested $3 million in the startup in 2018, now taking the total stock purchases to $15 million. Other notable investors in the Israeli startup include Elliot Spitzer, the former District Attorney for the State of New York.

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The startup was founded by Uri Gruenbaum and Gilad Gat, the CEO and CTO respectively, in 2012 and is offering rankings and analysis on capital market products based on textual information published on news sites, analyst reviews, and corporate reports.

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“I am confident that the involvement of Prytek will accelerate our growth in markets which are not our core markets. In the two years, we have worked together, TipRanks has leveraged Prytek’s distribution channels, which has led to long term agreements with leading financial institutions in Eastern Europe,” Gruenbaum said on the investment.

Already on-boarded millions of customers

According to the startup, it has 1.5 million users registered directly on its platform and over 20 million more benefiting its services via banks around the world. Financial institution giants like Santander, TD Ameritrade, and Nasdaq Etrade are also receiving TipRank’s services.

“Yair Seroussi (Prytek’s chairman) was, in fact, the first person that opened the door for us to the world of banking and the world of B2B in general, before we met our focus was only the end customers,” Gruenbaum added.

“In 2013 Seroussi and the innovation team of Bank Hapoalim invited us to present them the service and after a while of studying our product and performing a due diligence they decided to integrate us into the bank’s trading platform and later on they also decided to invest in us through Poalim Capital Markets.”


DeFi Jest Token FEW Flies Over the Heads of Community

What was intended to be a joke by one of the crypto and DeFi community’s prominent members has turned sour, attracting a great deal of backlash on social media. By its decentralized nature, the Uniswap DEX allows any token to be listed, which often includes fake replications of existing tokens, scams, Ponzis, and in this […]

The post DeFi Jest Token FEW Flies Over the Heads of Community appeared first on BeInCrypto.



What was intended to be a joke by one of the crypto and DeFi community’s prominent members has turned sour, attracting a great deal of backlash on social media.

By its decentralized nature, the Uniswap DEX allows any token to be listed, which often includes fake replications of existing tokens, scams, Ponzis, and in this case spoofs.

A Telegram group populated by some notable cryptocurrency community members was recently airdropped a random ERC-20 token called FEW by Ethhub founder and author of The Daily Gwei, Anthony Sassano, among others:

Few Understand FEW

Several screenshots were subsequently leaked from what on the surface appeared to be a private, invite-only pump and dump channel made up of various crypto influencers.  The one garnering the most reaction was Sassano’s comment yeh we need people to dump on in response to a suggestion on limiting invites to the group.

YFI Pulse author, BlueKirby (@bluekirbyfi), took umbrage at the behavior in a tweet that attracted a lot of sympathetic responses admonishing the performance:

Cinneamhain Ventures partner Adam Cochran replied; “I see a lot of names on there that were recently shitting on other projects. Super disappointing to see this crap.”

Ethereum advocate Sassano has since stated that this was just a joke and the token is worthless after the vociferous reaction from the crypto community:

“It was a random ERC20 token that was airdropped to people in a Telegram group (I was randomly invited and airdropped tokens, not affiliated with it in any capacity). Please do not buy this token – it’s worthless.”

Several community members defended Sassano adding that those true to the development of DeFi and Ethereum know how much work he has put in over the years, and this was indeed just a joke:

From DeFi to NFT

FEW appears to have been spawned from the likes of MEME, which has been on fire as of late. Meme enables users to stake its native tokens to farm limited edition crypto art or non-fungible tokens (NFTs) which can then be resold on the open market.

Over the past four days, MEME prices have spiked almost 500% to top out at $1,900 according to Uniswap.

The DEX analytics dashboard also lists different versions of FEW and it appears that some people did indeed buy into them over the past few hours:

FEWunderstand (FEW) – Uniswap
FEW (FEW) – Uniswap

This little incident reinforces that in the cryptocurrency space, especially in things concerning DeFi, always do your own research!


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Ethereum price prediction: ETH falls 8%, next $250?

The Ethereum price is one of the biggest losers in the past trading week. Still, a majority of traders are net bullish as they prepare for Eth2 Beacon Chain.



  • The Ethereum price is one of this week’s biggest losers
  • Eth2 set for November 2020
  • Spadina and Rocket Pool 2.5 scheduled for October
  • ETH vault presents a challenge for Ethereum staking
  • Traders are net-long despite price shocks

The Ethereum price could be correcting after an impressive ride to near $500, but the coin’s fundamentals are firm.

From the Ethereum price chart, bears are in the driving seat. However, the newsreel of the last few days is supportive, at least in the medium term.

Chiefly, the announcement of Eth2 is a game-changer and advises traders strategizing to hold through Q4 2020. Ethereum developers are known for their delay. 

Development from Homestead to Constantinople was marked with postponements as the team leaned on caution. This was necessary considering the path to the second version of Ethereum would rely on the base layer for security and smooth functionality.

Rocket Pool and Spadina 

After discussions, it is emerging that Eth2 will come sooner than expected. Rumors place the activation in November. Before then, there will be Spadina and Medalla’s Rocket Pool 2.0 beta launch. These two are like safety nets. 

They are in place for quality assurance and confirmation that bugs, especially after Medalla blips, are fixed and won’t be ported to the Beacon Chain mainnet in Phase 0. 

Phase 0 must be hitch-free as it is the foundation whose success will trigger Phase 1 and later Phase 2 where Ethereum will rely on Validators, not miners for network security.

Vaults versus ETH staking

As the network transits, the rise of Robo-advisors like ETH and wETH vaults as part of DeFi could potentially present a challenge to staking. 

Presently, these vaults offer high yields, exceeding Ethereum staking APRs. For compensation, it means either ETH prices must be higher to draw validators. 

Alternatively, there could be a means where the representation of staked coins—worth thousands of dollars, can be sunk into DeFi projects. 

By unlocking value, staking would be preferred over DeFi protocols in a circle that would benefit the network as well as the burgeoning DeFi ecosystem.

In the meantime, nine bugs were found after fuzzing effort ahead of the Berlin hard fork. The upgrade will introduce BLS (Boneh–Lynn–Shacham) signatures enabling aggregation, a requirement for deposit contract for ETH2.

Ethereum price in the last 24 hours

Ethereum Price Chart by Trading View for Sep 23
Ethereum Price Chart by Trading View

The Ethereum price is still under pressure after the deep losses of Sep 21. Although prices remain under consolidation, the gradient is negative, signaling weakness and the possibility of further losses in the immediate term.

In the daily chart, the Ethereum price bounced off Sep 5 highs. From an Effort-versus-Result analysis, bears are in charge. It is because bulls couldn’t break above the sell wall at $360 to unshackle themselves from the bear grip set in motion after the double bar reversal pattern of Sep 1 and 2.

As long as ETH prices trend below the middle BB and $360, immediate support stands at the 61.8 percent Fibonacci retracement level at $320. Any break below this mark could see ETH prices sink to $250, in a retest.

ETH/USD technical indicators

Today’s pivot is $343.

Support is between $339 and $320. Resistance is between $350 and $365.

Meanwhile, 89 percent of traders are net-long, 11 percent are net short.

Disclaimer. The information provided is not a trading advice. 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.

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Is PancakeSwap The Next Big DeFi Food Farm?




Another day brings another DeFi food farm and the latest is called PancakeSwap, but is it any different to the clones we’ve seen already?



The latest DeFi food farming platform was announced on September 20, but it is gaining traction today following a big plug by Binance, the world’s largest crypto exchange. 

Following the same tired theme and touts of the latest and greatest food farming platform out there, PancakeSwap has taken the concept from SushiSwap and launched its own protocol on Binance Smart Chain.

Big Plug From Binance

In its ongoing efforts to become the Google of crypto, Binance has jumped into DeFi with both feet launching its own Binance Smart Chain and incentives to lure platforms off of Ethereum and on to it. With more snipes at Ethereum, the exchange posted a guide to the latest food frenzy on its academy. 

“Yes, another food protocol. But this time, it’s on Binance Smart Chain. Will things be different when fees are $0.03 and not $50 per transaction?”

In essence, PancakeSwap does exactly the same thing as SushiSwap, but supported by a huge centralized exchange. There is a DEX, AMM, farms, or kitchens as it calls them, and a native token, CAKE. 



The DeFi clone doesn’t seem that different to BurgerSwap and BakerySwap, which Binance also plugged last week resulting in its own BNB token spiking to an all-time high

PancakeSwap, like the two before it, has its liquidity pools in BNB which will be another boost for the exchange’s native token. There are nine in total offering rewards for depositing BNB in addition to CAKE, BUSD, ADA, BAND, DOT, EOS, LINK, plus the two previous food farming tokens, BAKE and BURGER. 

To convolute things more there is a SYRUP token in addition to the CAKE token that can be used for staking rewards 25% of CAKE emissions being distributed to SYRUP holders every block. 

Farming went live on September 22 and after the first twelve hours, total value locked peaked at $35 million.

At the time of writing, CAKE had not been listed on the Binance exchange, but it is only a matter of time. Additionally, the anonymous team behind the DeFi doppelganger warned that its smart contracts were still unaudited and carried inherent risk. 

To get the daily price analysis, Follow us on TradingView

Author: Martin Young

Martin has been writing on cyber security and infotech for two decades. He has previous forex trading experience and has been covering the blockchain and crypto industry since 2017.


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