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Microsoft Makes a USD 69B Gaming & Metaverse Bet

18.1.2022
  Tech giant Microsoft has announced plans to acquire Activision Blizzard, a major game developer and an interactive entertainment content publisher. Microsoft said it will acquire Activision Blizzard for USD 95.00 per share, or around 45% more than it was valued before the announcement, in...

GameFi Operator Digital Entertainment Asset Closes $12 Million Seed Round

18.1.2022
Singapore-based Digital Entertainment Asset Pte. Ltd. (DEA), a leading GameFi company operating in the play-to-earn (P2E) gaming arena, has officially finalized a $12 million seed fundraising round. The round was underwritten by JAFCO Investment Ltd., corporate participants, seven publicly-listed...

Security of $BURG Token Gets Compromised. Investors Lose $770K

18.1.2022
Hacking in the domain of cryptocurrencies is not a new phenomenon. It has been around since the segment came into being, and the latest attempt was executed by hackers on Crypto Burgers. There is a security breach suffered by the $BURG token, and PeckShield Inc. has informed the people of the...

Crypto.com Reportedly Loses $15M After Pausing Withdrawals

18.1.2022
The crypto market is full of uncertainties, and not just in a standard manner. Crypto.com realized it recently as the platform experienced several customers reporting alleged thefts and suspicious activities. The platform had to pause its withdrawal functionalities to address the concern. While...

Burnt Finance Raises $3 Million in Funding for NFT Marketplace

18.1.2022
Burnt Finance is a startup in the cryptocurrency domain that is working extensively on the idea of improving the auction process related to non-fungible tokens (NFTs). In order to expand its presence among potential investors and users, the organization has now raised $3 million in a funding round...

FTX Launches a USD 2B Blockchain & Web3 Fund

14.1.2022
  Major crypto derivatives exchange FTX has launched a USD 2bn venture fund, FTX Ventures. The new fund is focused on “backing the world's best teams building in the digital asset ecosystem,” the company said. It seeks to invest in multi-stage companies and projects, with the team stating that...

Tether Freezes USD 160M-Heavy Addresses on Law Enforcement Request

14.1.2022
  Stablecoin issuer Tether (USDT) froze three addresses on Ethereum (ETH), which together hold USD 160m worth of assets. This has been confirmed by Tether, stating that they have done so upon request from law enforcement, per Coindesk. Per data analytics site Bloxy, Tether itself has so...

Solo Bitcoin Miner With Only 126TH Secures USD 266,870 in Block Reward

12.1.2022
  A solo Bitcoin (BTC) miner with a hashrate capacity of just 126 terahashes per second (TH/s) has managed to successfully add a new block to the Bitcoin network, securing the BTC 6.25 block reward, which is worth over USD 266,870 at the current price rates. As per data by Blockchain.com,...

Binance CEO is Reportedly Richer than Mukesh Ambani with $96B Net Worth

11.1.2022
The crypto market has flourished in the past couple of years, so much so that Binance CEO is now competing against names like Bill Gates, Elon Musk, Mark Zuckerberg, etc. Bloomberg’s recent net worth evaluation shows Changpeng Zhao amassing a whopping 96 billion dollars in net worth....

Bitcoin Drops Below USD 40K, Ether Breaks USD 3K, USD 120M Liquidated

10.1.2022
  On Monday, the most popular cryptocurrency, bitcoin (BTC), dropped below the USD 40,000 level for the first time since August 2021, while ethereum (ETH) dived below USD 3,000 for the first time since October. At 14:36 UTC, BTC trades at USD 39,939 and is down almost 5% in a day, also erasing...

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