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Helium, a decentralized wireless communications network project, announced the closing of $111 million in token funding, led by a16z and funded by Ribbit Capital, 10T, Alameda Research and Multicoin Capital. Helium was founded by video game entrepreneur Amir Haleem and Napster co-founder Shawn Fanning. The funding will accelerate the rollout of Helium’s decentralized 5G network, and enable mobile network operators to use Helium 5G in order to expand their signal coverage.
Bitcoin has been rising for four weeks straight now with the market sentiment flipping greedy for the first time since May. The market has recovered gradually, supported by increased trading volumes. More and more investors are calling for BTC to keep up its rally in hopes that it reaches or better yet surpasses its previous all-time high. As long as Bitcoin consolidates steadily above $45,000 for a period of time, we will see even greater gains. Investors need to pay close attention to changes in Bitcoin’s trading volume. Once the trading volume shrinks, this will be a bad signal for the bulls.