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Africa-Focused Crypto Exchange Yellow Card Raises $40 Million via Series B Round
21.9.2022
Africa-focused crypto exchange Yellow Card recently revealed it has closed its $40 million Series B funding round. The exchange’s announcement of its latest capital raise comes just over a year after it raised $15 million from its Series A round. Funds to Be Used for Development of...
Wintermute Loses $160 Million in Latest Hacking Blow to DeFi Sector
21.9.2022
A hacking attack targeting crypto market maker Wintermute has resulted in the decentralized finance (DeFi) industry player losing some $160m to the attackers.
"We’ve been hacked for about $160M in our defi operations. Cefi and OTC operations are not affected,” Evgeny Gaevoy, the company’s...
Microstrategy Buys 301 Bitcoin, Public Company Now Holds 130,000 BTC
20.9.2022
According to Microstrategy’s executive chairman Michael Saylor, his company has recently purchased 301 bitcoin for $6 million at an average price of $19,851 per coin. Saylor detailed that the firm’s balance sheet now holds 130,000 bitcoins as the company’s stash is the largest...
Eurocoinpay Partners With Mastercard to Launch One of the First Cryptocurrency Based Cards in Spain
20.9.2022
Eurocoinpay, a Spanish cryptocurrency exchange, has closed a deal to offer one of the first cryptocurrency-based debit cards in Spain. The card, which is already available for customers of Eurocoinpay, will allow users to acquire products in more than 90 million establishments in the European Union...
$160 million stolen from crypto market maker Wintermute
20.9.2022
The CEO of Wintermute has stated that they are "open" to treating the hack as a white hat hack and would speak to the attacker
US Sentences Promoter of $3.4B Bitconnect Crypto Ponzi Scheme to 38 Months in Prison
20.9.2022
The U.S. has sentenced a Los Angeles man to 38 months in federal prison for his role in the $3.4 billion Bitconnect crypto Ponzi scheme. He admitted to earning no less than $24 million from the scam, all of which will now be “repaid to investors in restitution or forfeited to...
SEC Orders Crypto Firm to Pay Harmed Investors $35 Million — Charges Influencer Ian Balina
20.9.2022
The U.S. Securities and Exchange Commission (SEC) has ordered crypto firm Sparkster and its CEO to pay $35 million into a fund for distribution to harmed investors. The securities regulator also charged crypto influencer Ian Balina for promoting crypto tokens without disclosing compensation...
What Went Wrong That Led to the Binance Helium $22 Million Accounting Mishap
19.9.2022
Four Binance.us customers have unexpectedly received a total of almost $22 million in cryptocurrency, after the crypto-exchange erroneously credited holders of Helium's new MOBILE token with the more valuable helium (HNT) token instead. It appears that most of the mistakenly credited HNT has been...
Grayscale Declares Distribution of Rights to Ethereum Proof-of-Work Tokens With SEC
17.9.2022
A Securities and Exchange Commission filing filed on September 16 shows that the company Grayscale Investments has declared “distribution of rights to Ethereum Proof of Work Tokens.” The newly launched ETHW blockchain went live on September 15 and roughly 50-60 terahash per second...
Examiner Appointed to Celsius Bankruptcy Case, Crypto Lender Files for Access to $23M in Stablecoins
17.9.2022
According to a recently leaked recording stemming from the bankrupt crypto lender Celsius, the business is attempting to revive the company after falling into a financial burden. Following the leak, a Southern District of New York bankruptcy judge appointed a third-party examiner to review...
Sports Metaverse company secures $200 million funding
16.9.2022
The company said the funds will support the building of virtual sports cities around the world
Web3 Wallet Omni Raises $11 Million With MEXC Ventures’ Partnership
15.9.2022
According to media sources, Web3 wallet Omni announced that it had completed an equity financing of $11 million at a valuation of $50 million in May this year. The investors included MEXC Ventures, a fund under MEXC, as well as the Spartan Group, GSR Markets, Eden Block, OP Crypto, and more. What...
Bitgo Files Lawsuit Against Novogratz’s Galaxy Digital for $100M Over ‘Intentional Breach’ of a Merger Agreement
14.9.2022
According to statements made by the digital asset custody business and financial services provider Bitgo, the firm has filed a lawsuit against the crypto company Galaxy Digital and is seeking damages for more than $100 million. Bitgo says Galaxy’s “improper repudiation and intentional...
Tamadoge Hurtles Past $16 Million in Record-Breaking Presale
14.9.2022
As cryptocurrency assets continue to be developed, investors are looking for undervalued assets with the potential to surge in value in the long run. Tamadoge (TAMA), a new blockchain gaming token, recently exceeded yet another fundraising goal. With the digital asset currently on a roll, it may...
Doodles NFT Project Closes Funding Round After Raising $54 Million
14.9.2022
Doodles NFT project recently concluded its funding round after raising a whopping 54 million dollars. The round was led by Reddit co-founder Alexis Ohanian’s Seven Seven Six. Forbes closely followed the funding round, after which Doodles stands at a staggering 704 million market value. Several...
Web3 Gaming Still Growing Despite Economic Woes, According to Dappradar Report
14.9.2022
According to a recent report produced by Dappradar, the Web3 gaming industry has managed to raise $750 million since August 1st in spite of the crypto downturn, with several important projects registering positive numbers regarding sales and activity. Web3 Gaming Industry Thriving Amidst Economic...
Head Trader of $100M Global Crypto Ponzi Scheme Pleads Guilty in US
13.9.2022
The head trader of a $100 million global cryptocurrency Ponzi scheme has pleaded guilty and is facing up to five years in prison, according to the U.S. Department of Justice (DOJ). “The defendants allegedly misappropriated large sums of investors’ money to lease a Lamborghini, shop...
Fidelity Could Be Bringing Bitcoin Trading to its 34 Million Retail Clients
13.9.2022
Fidelity Investments is reported to be planning to bring Bitcoin trading to its 34.4 million brokerage clients.
According to a report from the Wall Street Journal, Fidelity could be set to expand its cryptocurrency offerings having been one of the first mainstream financial firms to truly back...
Algorand Admits it has Lost $35 Million in the Hodlnaut Implosion
12.9.2022
The ongoing bear market in the cryptocurrency market that started earlier this year has led to many companies suffering immense losses. One of the recent firms to announce losses because of the bear market is Algorand, which has reported a loss of $35 million following the Hodlnaut debacle....
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30% of Today’s Staked Ethereum Is Tied to Lido’s Liquid Staking, 8 ETH 2.0 Pools Command $8.1 Billion in Value
11.9.2022
In roughly three days Ethereum is expected to transition from a proof-of-work (PoW) blockchain network to a proof-of-stake (PoS) version via The Merge. Ahead of the transition, the liquid staking project Lido has seen a lot more activity as the value locked in the protocol increased by more than...