PANews reported on August 26 that according to PR Newswire, blockchain payment infrastructure Kira completed a US$6.7 million seed round of financing, with participation from Blockchange Ventures, Vamos Ventures, Stellar Blockchain, Grit Ventures, Credibly Neutral Ventures, Michael Seibel and Oso Trava.
Kira leverages the Stellar blockchain to deliver fast, low-cost payment services. Currently focused on the Latin American market, Kira supports both large enterprises and startups in launching embedded financial products. Kira enables large enterprises and small startups to provide blockchain-based financial services to their customers through an integrated API. Kira offers a variety of financial products, including payments, remittances, and savings.


Bitcoin’s market cycles may stretch longer as ISM manufacturing data remains weak, hinting at extended macro headwinds and slower business recovery. The Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers’ Index (PMI) has historically aligned with major peaks in Bitcoin’s market cycles — a pattern that, if repeated, could imply a longer-than-usual cycle this time around.The correlation between the ISM PMI and Bitcoin’s (BTC) price was first popularized by Real Vision’s Raoul Pal and has since gained traction among macro-focused crypto analysts.“All 3 past Bitcoin cycle tops have broadly aligned with this monthly, oscillating index,” analyst Colin Talks Crypto noted, referencing the recurring overlap between Bitcoin’s market highs and the PMI’s cyclical peaks.Read more
