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Bankrupt Crypto Lender Celsius Pays More Than $3 Million in Legal Fees
17.10.2022
The bankrupt crypto lender Celsius (CEL) has so far paid out more than $3m in legal fees, with one law firm alone responsible for the vast majority of the expense for just two weeks of work.
The total figure of over $3m was made up of close to $2.6m charged by law firm Kirkland and Ellis for work...
Blockchain Security Company Hexens Raises $4․2 Million in Seed Funding Led by IOSG Ventures
17.10.2022
PRESS RELEASE. Hexens, a cybersecurity boutique and blockchain startup, announced the closure of a $4.2 million seed round led by IOSG Ventures, the leading Web3 Venture Capital. Other investors include Delta Blockchain Fund, ChapterOne VC, Hash Capital, ImToken Ventures, Tenzor Capital, and angels...
Elon Musk Says Spacex Will Keep Funding Ukraine for Free Even Though Starlink Is Losing Money — $80M Spent so Far
17.10.2022
Spacex CEO Elon Musk says that his company will “keep funding” the government of Ukraine for free even though Starlink is losing money, noting that it has cost Spacex $80 million so far to provide internet terminals and services to Ukraine. “We’ve also had to defend against...
While Its Lost 94% in Value Since the Collapse, Terra’s Fractured Ecosystem Is Still Worth $2.5 Billion
16.10.2022
It’s been five months since the Terra ecosystem collapsed as tens of billions of dollars in value disappeared from the crypto economy in a matter of days after May 7. Terra’s new Phoenix blockchain managed to restart the ecosystem to some degree and since the end of June...
Binance to Offer $500 Million Worth of Loans to Crypto Mining Industry
16.10.2022
Cryptocurrency exchange Binance has set out to support crypto miners through a lending program established by its mining pool. Presenting the initiative this week, the coin trading platform also unveiled that Binance Pool intends to launch cloud mining products. Leading Exchange Binance Looking...
The Girles Token Presale Raised Over $1 Million – What to Expect?
16.10.2022
Girles Token is a decentralized NFT GameFi token created on the Ethereum platform that also has a Proof-of-Staking protocol. The Girles Token is the main product in the Girles Metaverse, which has applications in over 15 different products. Girles Token was tested before being released on the main...
Mango Markets $100 Million Exploiter Reveals Identity
16.10.2022
The exploiter of Solana-based DeFi lending platform Mango Markets has revealed his identity, referring to his actions as "a highly profitable trading strategy.”
Avraham Eisenberg, who calls himself a "digital art dealer," has revealed that he was behind the $100 million exploit that hit Mango...
Binance Announces $500 Million Funding for Bitcoin Mining
15.10.2022
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
14.10.2022
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
14.10.2022
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)...
Uniswap’s $165 Million Series B Capital Raise One of the Largest by a Crypto Firm in 2022
14.10.2022
Uniswap Labs, the firm behind the Uniswap decentralized exchange protocol, announced on Thursday that it raised $165 million in a Series B funding round. According to one report, the capital raise, which sees Uniswap Labs’ valuation rise to $1.66 billion, is the largest by any crypto firm...
Binance Burns Over $500 Million of BNB Tokens – Pump Incoming?
14.10.2022
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...
Chinese Digital Currency Transactions Exceed 100 Billion Yuan, Central Bank Says
14.10.2022
Spending with China’s state-issued digital currency has surpassed 100 billion yuan, close to $14 billion, by the end of August, the country’s monetary authority revealed. More than 5 million merchants now accept the digital yuan in 15 Chinese regions as Beijing continues to expand the pilot areas....
Binance Pool Starts $500 Million Fund to Support Bitcoin Mining
14.10.2022
Binance Pool is the latest entity to join the growing ranks of alternative lenders looking to provide capital to the distressed mining industry
Crypto Custodian Copper Raises $196 Million In Latest Funding Round
13.10.2022
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...
Crypto.com Selects Paris for its European Headquarters After €150 Million Investment
13.10.2022
Major cryptocurrency exchange Crypto.com will establish its European regional headquarters in the capital city of France, Paris.
The exchange has also announced a €150 million ($145 million) investment into the country to support the establishment of a regional headquarters as well as other...
Damien Hirst Burns $10 Million Live as Part of NFT Project
13.10.2022
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...
Binance-Backed Blockchain Completes Hard Fork to Mitigate Future Cross-Chain Bridge Hacks
12.10.2022
The Bnb Smart Chain commenced the blockchain’s hard fork on October 12, at block height 22,107,423, in order to add a security patch to “mitigate the cross-chain infrastructure between [the] Beacon Chain and Smart Chain.” Binance and the Bnb Smart Chain suspended withdrawals...
Solana-Based Defi Protocol Mango Markets Loses $117 Million in Hack, Exploit Allegedly Revealed in Project’s Discord in March
12.10.2022
According to various reports, the Solana-based trading and lending platform Mango Markets was hacked as a malicious actor was able to siphon $117 million from the protocol. An analysis of the hack published by Certik explains that the attacker manipulated the price of the project’s native token...
Mango Markets Protocol Suffers $100 Million Exploit
12.10.2022
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...