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Binance Announces $500 Million Funding for Bitcoin Mining


Binance Pool, the crypto mining services arm of cryptocurrency exchange Binance, aims to support Bitcoin miners to weather the crypto winter with a $500 million loan.  The ongoing bear market has had deep impacts on almost all industry participants, particularly miners. Amid rising fuel...

Terra Luna Classic Price Prediction as $400 Million Trading Volume Comes In


Terra Luna Classic is preparing for a bullish breakout which might send the price of LUNC up 26%. The remnant of the fallen Terra (LUNA) network dodders at $0.0002927 during the American session on Friday. Its support at $0.0002594 is crucial for a bullish outcome, keeping in mind the building...

Uniswap Labs Raises $165 Million Reaching $1.66 Billion Valuation


Uniswap Labs, the company behind one of the world's leading decentralized exchanges, has announced the company has raised some $165 million in Series B funding. The funding round was led by California-based Polychain Capital, with participation from longtime investors Andreessen Horowitz (a16z)...

Binance Burns Over $500 Million of BNB Tokens – Pump Incoming?


The major crypto exchange Binance on Thursday completed its last BNB token burn for the third quarter, with more than 2 million BNB tokens burned at a value of well over $500 million. The total amount of tokens burned during the quarter 2,065,152.42 BNB, and was comprised of token burns under...

Crypto Custodian Copper Raises $196 Million In Latest Funding Round


Advancing the company’s expansion plans, crypto custodian Copper Technologies has secured a total of $196 million under the firm’s C series financing round. The business managed to raise some $181 million from a group of existing and new shareholders and gained access to a further $15 million...

Damien Hirst Burns $10 Million Live as Part of NFT Project


English artist and art collector Damien Hirst completed his year-long non-fungible token (NFT) project by starting the burn of $10 million worth of his physical artwork. Hirst burned a part of the unclaimed physical artworks at his London gallery this Thursday during a live stream. Asked how...

Mango Markets Protocol Suffers $100 Million Exploit


The Mango Markets protocol has experienced an exploit that allowed a person or group to get away with around $100m worth of various cryptoassets. Per a Twitter thread from Mango Markets, the exploit was carried out by a person or group funding an account with the stablecoin USDC, and later taking...

SettleMint receives a series a funding of €16 million


SettleMint has successfully acquired Series A funding of 16 million euros. This funding also includes the co-funding of OTB ventures and Molten Ventures together. It now becomes extremely imperative to know what the enterprise SettleMint entails and a little information related to its general...

Interoperable QR Payments Reach Record Number in Argentina


Interoperable QR payments, a system that allows all digital wallets in Argentina to make payments in several stores, reached a record number in September. According to official numbers, 3.15 million payments were completed using this system, including cryptocurrency-based payments that exchanges...

Binance to Invest $500 Million in Elon Musk Twitter Buyout


Changpeng 'CZ' Zhao, the outspoken CEO of major exchange Binance, has announced his company is planning to allocate more than $1 billion to acquisitions and investments in 2022. Binance’s top project in this field is providing $500 million in financing for Elon Musk’s planned takeover of the social...

Japanese Telecom Giant NTT Docomo Launches $412 Million Metaverse Unit


NTT Docomo, the largest telecom carrier in Japan, has launched a new division that will be dedicated to directing its metaverse push. The unit, named Qonoq, is already operating and has a staff of 200 people, researching and developing software and hardware solutions directed to integrate extended...

BNB Chain Back Online Following $568 Million Exploit


BNB Chain, the native blockchain behind the Binance crypto exchange, has come back online after being suspended due to an exploit that drained around $600 million in crypto assets.  On October 6, Binance announced the suspension of deposits and withdrawals from its BNB chain after it identified...

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