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Deribit Valued at $400 Million After a Fundraiser from Existing Investors: Report
27.9.2022
Panama-based crypto derivatives exchange Deribit has raised funds from existing shareholders at a $400 million valuation, The Block reported, citing “four sources with the knowledge of the matter.”
The two of these sources claimed that the exchange raised around $40 million in the deal, with...
Retail Giant Walmart Enters the Metaverse With Walmart Land and Universe of Play on Roblox
26.9.2022
Walmart has entered the metaverse with the launch of Walmart Land and Walmart’s Universe of Play on Roblox. The metaverse gaming platform has 52.2 million daily active users and 11.3 billion engagement hours. “Our customers are spending loads of time there,” said a Walmart...
Hume Receives Massive Series-A funding of $11.7 Million
26.9.2022
Hume, which in actuality is a start-up Web3 entertainment platform, has been successful in procuring a massive amount of $11.7 million through Series A funding. This amount is to trigger their imminent plans and vision of effectively and properly transferring conventional forms of music right onto...
B Riley to Take $100 Million Equity Stake in Publicly Listed Bitcoin Miner Iris Energy
26.9.2022
Publicly traded sustainable Bitcoin (BTC) mining firm Iris Energy has signed a deal with investment bank B. Riley Financial per which the latter can buy up to $100 million in equity over the next two years.
According to the filing with the US Securities and Exchange Commission (SEC), B. Riley...
Web3 Metaverse Company Hadean Raises $30 Million in Series A Funding Round Backed by Epic Games and Tencent
26.9.2022
Hadean, a company using computing to scale virtual and metaverse worlds, has successfully closed its Series A funding round, raising $30 million. Among the companies that invested were gaming giant Epic Games and Chinese entertainment behemoth Tencent. Hadean aims to keep developing...
Ivory Coast-Based Payments Fintech Secures $5 Million From Its Pre-Series A Funding Round
26.9.2022
The Ivorian payments financial technology (fintech) startup, Julaya, recently concluded its pre-Series A round with an additional $5 million capital raise. This brings to $7 million the total capital that the fintech startup, which specializes in business-to-business payments, has raised in this...
Jihan Wu-Backed Crypto Miner Bitdeer Acquires ‘Singapore’s Fort Knox’ for $28.4 Million
26.9.2022
Sources have disclosed that the digital currency mining operation, Bitdeer Technologies, has purchased a high-security storage and display facility in Singapore called Le Freeport for $28.4 million. Bitdeer’s chairman, Jihan Wu, confirmed the vault acquisition via a text message following...
Asia’s Largest Web3 Event TOKEN2049 Exclusively Unveils NFT Assets Valued Over US$100 Million
25.9.2022
PRESS RELEASE. SINGAPORE — 25th September 2022 — TOKEN2049, Asia’s premier crypto conference, announced that it will be showcasing a first-of-its-kind, immersive NFT experience, entitled the OP3N WHALE NFT Exhibition, at its upcoming Singapore edition from 28 to 29 September....
South Korea Seizes $184 Million in Crypto Assets From Alleged Tax Dodgers, Reports Reveal
24.9.2022
The government in South Korea has seized cryptocurrency worth around $184 million in two years due to tax arrears, according to local media. The authorities in Seoul started confiscating virtual assets from people accused of tax evasion in 2021. Almost 260 Billion Won in Crypto Seized for...
Bitcoin Miner Marathon Digital’s Shares Downgraded After Compute North Files for Bankruptcy Protection
23.9.2022
Bitcoin mining firm Compute North filed for Chapter 11 bankruptcy protection in Texas on Thursday as the crypto winter continues to put pressure on crypto mining operations. The bankruptcy petition filed on September 22, indicates the company looks to stabilize operations in order to repay...
Want a $1 Million Job in Crypto? How About Chief Metaverse Officer - They Are all the Rage
23.9.2022
Metaverse technology has continued to be the rage among big-name brands that are now dolling out million-dollar paychecks to so-called "chief metaverse officers" to think up their metaverse adoption strategy.
According to a Bloomberg report, brands such as Disney, Proctor and Gamble (P&G), LVMH...
Uniswap Foundation to Distribute $1.8 Million in Grants to 14 Recipients
22.9.2022
The Uniswap Foundation (UF), the group behind the decentralized exchange (dex) Uniswap, announced the first wave of foundation grants on Wednesday as it plans to distribute $1.8 million total, awarded across 14 grants. The UF announcement details that a touch more than $800K will be awarded...
This Week’s NFT Sales Slide, Bored Ape Market Cap Drops 21%, Floor Prices Sink Lower
22.9.2022
Non-fungible token (NFT) sales this week dropped 10.88% lower than the week prior. Roughly $118.02 million worth of NFTs were sold this week compared to last week’s $132.43 million. Further, the top two NFT collections with the largest market capitalizations shed significant value during...
As Biden Drains the SPR Down to 1984 Levels, Chinese State Media Claims US Dollar ‘Is Once Again the World’s Problem’
21.9.2022
Two days ago, U.S. president Joe Biden was criticized for claiming inflation in America hasn’t increased during the past few months. “I’m telling the American people that we’re going to get control of inflation,” Biden stressed during his “60...
Smoothie Raises $1.2 Million to Develop a Web3 Product Search
21.9.2022
Smoothie recently announced raising over $1.2 million to build a product hunt for Web3. Matt Kim, Smoothie’s co-founder, tweeted about the funding to inform users worldwide. The Twitter thread by Matt Kim shed light on several important factors about the platform. As a discover-to-earn awards...
Wintermute Loses $160 Million to a DeFi Hack
21.9.2022
Wintermute, one of the biggest cryptocurrency market makers, recently lost over 160 million dollars to a DeFi hack. The details about the breach have not been released, but it has been confirmed to attack 90 assets. The company’s Chief Executive & Founder, Evgeny Gaevoy, discussed the breach...
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...