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Israeli Startup Chain Reaction Raises $70 Million to Build Blockchain Silicon
25.2.2023
Chain Reaction, a Tel Aviv-based blockchain startup, announced it has raised $70 million as part of its Series C funding round. The objective of the company is to expand its engineering staff to accelerate the production of its blockchain-focused silicon and collaborate in the development of...
Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships
25.2.2023
On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the stablecoin’s denominated reserves...
NFT Sales Soar 138% in Past Week, Blur Market Dominates This Week’s ETH-Based NFT Sales
24.2.2023
Non-fungible token (NFT) sales have soared this past week, climbing 138.15% higher than the week before. Sales recorded between last Friday and Feb. 24, 2023, indicate that $801 million in NFT sales have been settled over the last seven days. Ethereum Digital Collectibles and Mutant Ape Yacht Club...
Feds discover DeFi’s alleged $340 million Ponzi scheme
24.2.2023
Centralized exchanges are under threat of being reprimanded by regulators in the US. When it appeared that things would be limited to the exchange sector, it was discovered that another sector was preparing for a serious allegation: decentralized finance (DeFi). In light of recent events, the...
3AC Liquidators to Sell Multi-Million Dollar Portfolio of Seized NFTs
24.2.2023
Teneo, the liquidator for the bankrupt crypto hedge fund, has listed out hundreds of NFTs that are subject to a forthcoming sale
Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme
23.2.2023
Four Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of dollars. If convicted, they would face a maximum penalty of 20 years in prison for their roles in the purportedly decentralized finance (defi) platform Forsage....
Big Eyes Coin bulldozes to $30 million in presale: Ripple & Solana hoping for full potential in 2023
23.2.2023
Big Eyes Coin: The alpha in crypto presales Since its launch last year, Big Eyes Coin (BIG), with its exciting and unique offers, has captured the attention of many meme-loving investors and has become the most successful presale in recent history for cryptocurrency. Big Eyes Coin’s presale...
Shiba Inu Price Prediction as SHIB Sees $400 Million Trading Volume Come In – $1 SHIB Incoming?
23.2.2023
The shiba inu price has risen by 3% in the past 24 hours, amid expectation that the beta launch of Shiba Inu's layer-two network Shibarium could happen by the end of the week. This has helped cap a 10% rise for SHIB in the last 30 days, although the coin is down by 3% in the past week....
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Hope Finance announces theft of $1.86 million
23.2.2023
Hope Finance recently announced that it had been the victim of a $1.86 million theft. The project Tomb-fork, situated in Arbitrum, purportedly sent a tweet mentioning that the perpetrator is apparently a team member. According to trustworthy sources, it is also believed that the theft was committed...
TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin Minting
23.2.2023
On Wednesday, the stablecoin project Trueusd announced that it is leveraging Chainlink Proof of Reserve (POR) technology to provide real-time verification for the minting of trueusd tokens. The trueusd crypto asset has a circulating supply of over 968 million tokens and is the sixth-largest...
Elden Ring Sells 20 Million Copies, Makes Excellent Point
23.2.2023
It was announced earlier today that Elden Ring, FromSoftware’s 2022 Game Of The Year For Loads Of People (including most staff at this website), has sold 20 million copies worldwide since its release a year ago. That is a lot.Read more
Dogecoin Price Prediction as $600 Million Trading Volume Comes In – Are Whales Buying?
22.2.2023
The dogecoin price has dropped by 1% today, falling to $0.085902 in the past 24 hours as the wider cryptocurrency market falls by around 2%. This level means the meme token has risen by 2.5% in the past week, but has declined by 7% in a fortnight and by 3 in the last 30 days....
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A16z Crypto leads $10 million seed round for Azra Games
22.2.2023
Azra Games has announced raising $10 million in the recent seed round, bringing the total seed fund to $25 million. The recent funding round was led by A16z Crypto, welcoming participants like Coinbase Ventures, NFX, and Franklin Templeton. Funds raised from the round will be directed by Azra Games...
Hong Kong's Web3 Sector Gets HK$50 Million Boost in Annual Budget – Here's the Latest
22.2.2023
In line with the Chinese city’s plans to establish itself as a leading crypto hub in Asia, Hong Kong’s authorities have unveiled plans to set aside HK$50 million (US$6.4 million) in the territory’s 2023-2024 budget with the aim to boost the capacities of its Web3 sector....
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Bungie Wins Over $4 Million In Lawsuit Against Destiny 2 Cheat Developer
21.2.2023
Bungie’s two-year legal battle against a Destiny 2 cheat maker finally concluded last week. The judge agreed that cheat maker AimJunkies had violated Bungie’s copyright and ordered it to pay over $3.6 million in damages and $700,000 in legal expenses.Read more
Superchain Network Raises $4M to Build Decentralized Data Indexing Protocol
21.2.2023
The $4 million combined seed and pre-seed round included participation from Blockchain Capital, Maven 11 and other investors
Bosch partners in $100 million Web3 development foundation
21.2.2023
Global technology firm Bosch partners in the launch of a new foundation, committing $100 million to a Web3, AI and IoT grant program
$200 Million Galois Crypto Hedge Fund Shuts Down as Half of Assets Stuck on FTX Exchange – This is What Happened
21.2.2023
Crypto hedge fund Galois Capital has closed its flagship fund after losing almost half of its capital in the FTX collapse, and later selling the claim to the assets.
The hedge fund confirmed the news in a Twitter thread on Monday where it said “it is true that our flagship fund is shutting down.”...
Crypto Shilling Costs Yet Another Celebrity A Million Dollars
20.2.2023
Yet-to-collapse cryptocurrency, EMAX, has just gotten another celebrity in hot water. Short for EthereumMax, the bullshit scheme was promoted on Twitter by former NBA player Paul Pierce, except he rather forgot to say he was being paid hundreds of thousands of dollars for doing so. As reported...
Crypto Hedge Fund Galois Shuts Down After Losing $40 Million to FTX: FT
20.2.2023
Galois co-founder said the fund has halted all trading as it is no longer viable post-FTX