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Solana Seeks to Fast-Forward Blockchain By Raising $314 Million


Solana, a cryptocurrency startup, declared earlier on Wednesday that it had raised via a private sale a total of $314 million. Solana is amongst the world’s leading decentralized blockchain applications. Spearheaded by Andreessen Horowitz along with Polychain Capital, the token sale round has other...

Polkadot, Kusama Rally On USD 100M Parachain Lease Auction News


Native tokens of sister networks Polkadot (DOT) and Kusama (KSM) have rallied today following a start of Parachain Auctions as Acala Network raised over USD 100m in KSM for its Karura network. DOT has appreciated nearly 10% in the past 24 hours, and currently (09:30 UTC) trades at almost USD...

Ledger Valued At USD 1.5B, Plans DeFi Solutions, Own Operating System


France-based major manufacturer of crypto hardware wallet Ledger said it has "ambitious plans" in DeFi and other new services as it raised USD 380m, valuing the company at more than USD 1.5bn. "The Series C fundraising will allow Ledger to realize these ambitious plans by further...

'Locked-Out' Users Sue Coinbase For North of USD 5M


Source: A screenshot, Instagram, Coinbase Six Coinbase users are taking the crypto exchange giant to court to seek more than USD 5m in compensation for themselves and other users who were allegedly locked out of their accounts for several months or longer at a time. According to a complaint filed...

Solana Rallies On USD 314M Investment News


Anatoly Yakovenko, Founder and CEO of Solana. Source: A video screenshot, Youtube/Solana Solana (SOL) said it raised USD 314m in order to accelerate the growth of this blockchain platform, fueling a rally in the market. At 13:09 UTC, SOL, ranked 11th by market capitalization, trades at USD 42.6...

MicroStrategy Sees USD 1.6B Interest in Their Bitcoin Offer - Report


US-based software developer MicroStrategy has received approximately USD 1.6bn in orders for the recently announced private offering of secured notes, Bloomberg reported, citing undisclosed people with knowledge of the marketing process. Per the report, this interest includes that from "a...

Polygon & Hip Protocol Announce a $200k Liquidity Program


Despite the ongoing fluctuations experienced by the crypto sector, Polygon keeps on expanding its market reach. Now, the stacking solution is joining hands with the Hop Protocol. The collaboration will see Polygon (previously Matic Network) releasing a $200,000 liquidity program. It will also...

Celebrating Upland’s Genesis Week With a Big Bitcoin Giveaway


Upland.me is a blockchain-based game in which users can buy, sell, and trade virtual NFT properties mapped to the real world. By becoming a digital landowner, users can build properties, earn UPX coins, and even cash out their gains to USD. Currently open in cities including NYC, San Francisco...

Microstrategy Offers USD 400M Bitcoin Market Test


MicroStrategy’s CEO Michael Saylor. Source: a screenshot, Youtube/Swan Signal - A Bitcoin Channel One of the most bullish non-crypto companies, US-based software developer MicroStrategy is putting the markets to the test - they're planning to raise more money in order to purchase more bitcoin...

FTX Scores USD 210M Deal In E-Sports, Olympic NFTs + More News


Sam Bankman-Fried, CEO of FTX. Source: A video screenshot, Youtube/FTX Official Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. _____ Exchanges news TSM, one the most valuable e-sports company...

Beijing Readies USD 6.2m Digital Yuan Trial Amid Claims Main Rival Is Bitcoin


China’s digital yuan project appears to be entering the final stages of its pilot, with yet another giveaway planned – this time in the nation’s capital Beijing. Like previous giveaways in cities like Shenzhen and Chengdu, the tokens will be distributed in a lottery – with a fortunate few residents...

DEX & CEX Trading Volume Exploded in May Surpassing USD 2 Trillion


May 2021 has been by far the best month for crypto exchanges, both centralized (CEX) and decentralized (DEX) ones, as the total trading volume reached at least USD 2.48trn - a new record. The number is possibly even greater, but it excludes all the volume from those crypto-to-crypto exchanges that...

Privacy-focused Panther Raises 8M USD in Oversubscribed Private Sale


Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Privacy-focused DeFi solution Panther Protocol has raised 8 million USD in a private sale. The sale was oversubscribed with the participation of...

Bitcoin and Ethereum Move Higher, XRP Returns Above USD 1


Bitcoin price remained stable above the USD 34,000 support zone. As a result, BTC started a steady recovery above the USD 35,500 resistance. It even surpassed the USD 36,500 level and it is currently (12:20 PM UTC) showing signs of a possible move towards the USD 38,500 resistance. Besides, most...

Circle Captures $440 Million in Financing, Rumors of SPAC Deal Follow


The Boston-based cryptocurrency finance firm Circle has announced the company has raised $440 million in financing in order to “drive market expansion and growth.” The investment was led by prominent finance firms like Digital Currency Group, Fidelity Management and Research Company...

Will Dogecoin Price Retest $0.25 Mark in the Upcoming Days?


Dogecoin raced to the top five slots amongst cryptos globally after a 400% rally the week ending April 21 with a market cap of $50 billion. Sparking the rally was Elon Musk’s tweet in a meme “doge barking at the moon.” Dogecoin’s price spiked from 10 cents on April 14 to $0.32 on April 21, …

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