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Decentralized Web3 Protocol Golden Raises $40 Million Backed by A16z
5.10.2022
Golden, a startup that seeks to build a decentralized data hub, has raised $40 million dollars in a Series B funding round. The round, which was led by a16z crypto, will allow the company to keep building its concept, which revolves around combining data submission and validation with Web3-based...
NYDIG Bets Big on Bitcoin – $720 Million Raised for its Bitcoin Fund
4.10.2022
NYDIG, the digital assets-focused subsidiary of financial services firm Stone Ridge, has raised approximately $720 million for its Institutional Bitcoin Fund.
According to a Form D filing made with the SEC, around 59 investors contributed more than $12 million on average to the raise. The filing...
Terra Luna Price Prediction as Binance Burns $1.8 Million LUNC
4.10.2022
The Terra Luna Classic (LUNC) price has dropped slightly in the past 24 hours, dipping by 0.5% to $0.00031545. Yet it remains up by 3% in a week and by 22% in a month, driven largely by Binance having completed a burn of all the trading fees it has collected from LUNC trading between September...
Disclosures Show Shopify’s CEO Bought $3M Worth of Coinbase Shares During the Past 2 Months
4.10.2022
Public records show that Shopify’s CEO Tobias Lütke has purchased close to $3 million in Coinbase shares during the last 60 days. Lütke became a Coinbase board member last February and because he is a Coinbase associate, he’s required by law to submit his trades to the U.S....
OpenSea Generated $144 Million in Q3 Despite NFT Market Lull
3.10.2022
Despite the ongoing market downturn, non-fungible token (NFT) marketplace OpenSea has managed to report some $144.5 million in fees for the third quarter of this year.
Between July and September 2022, the business posted revenues of some $35 million, as indicated by figures released by crypto...
SEC Charges Socialite Kim Kardashian for Unlawfully Touting Ethereummax
3.10.2022
On Monday, the U.S. Securities and Exchange Commission (SEC) filed charges against the celebrity and socialite Kim Kardashian for unlawfully promoting the crypto asset Ethereummax. The U.S. regulator detailed that Kardashian agreed to settle the charges and pay $1.26 million in penalties, and plans...
Kim Kardashian pays SEC $1.26 million to settle EthereumMax charge
3.10.2022
The United States SEC charged the American celebrity and influencer for promoting a cryptocurrency asset security without disclosing payments received to her followers
Hacker Exploits Transit Swap and Steals $23 Million – Here’s Everything You Need to Know
3.10.2022
Decentralized exchange (DEX) aggregator Transit Swap had lost $23 million in a hack - before $16.1 million was returned.
Another day, another decentralized finance (DeFi) hack. This time around, the target was Transit Swap, which confirmed on Sunday that a hacker had managed to exploit "a bug...
Celsius CEO Withdrew $10 Million Before Company Entered Bankruptcy
3.10.2022
Celsius founder Alex Mashinsky withdrew $10 million from the now-bankrupt cryptocurrency lender just weeks before the company froze customer accounts and collapsed, according to sources cited by The Financial Times....
Read More: Celsius CEO Withdrew $10 Million Before Company Entered Bankruptcy
Hackers Steal $21 Million by Exploiting a Flaw in Transit Swap
3.10.2022
Transit Swap published a Tweet to share the news that a hacker had recently stolen $21 million from its network. Reportedly, the hacker exploited the bug issue on the Swap contract to steal funds. An investigation is underway to track the hacker and recover funds. Nearly 70% of funds have returned...
US Tennis Player Serena Williams’ VC Firm Leads Ugandan Fintech’s $12.3 Million Pre-Series A Funding Round
2.10.2022
The Uganda-based digital lending fintech startup, Numida, has said it will start offering its services to micro, small, and medium-sized enterprises in other African countries. Numida’s plans to offer its services to businesses beyond Uganda’s borders came shortly after it...
Web3 and Crypto Checking Account Startup Juno Raises $18M, Airdrops Reward Token JCOIN
2.10.2022
Juno, the Singapore-based Web3 crypto firm that offers customers checking accounts tied to crypto assets, has raised $18 million in a Series A financing round led by Parafi Capital. The fresh capital follows the startup’s seed round in 2019 when Juno raised $3 million from investors. Juno...
Uniswap to Raise $100 Million in New Funding Round
1.10.2022
Uniswap Labs – the firm behind one of the world's largest decentralized exchanges, Uniswap – is looking to raise a massive $100M fund in its latest funding round. This round follows Uniswap's previous Series A funding in 2020....
Read More: Uniswap to Raise $100 Million in New Funding Round
Despite the Crypto Market Downturn, DAO Treasuries Grew by $700 Million Since January
1.10.2022
Since January 2022, the entire crypto economy has shed $1.36 trillion in value, as the market capitalization dropped from $2.34 trillion to today’s $979 billion. While the crypto economy is down in value, trade volumes are lower, and the value locked in decentralized finance (defi) has shed...
Report: Uniswap Seeks to Raise $200 Million in Fresh Capital at $1 Billion Valuation
1.10.2022
The largest decentralized exchange (dex) platform by global trade volume, Uniswap, is looking to raise between $100 and $200 million, according to a report citing people familiar with the company. The funding round is currently in a nascent stage as the report claims Uniswap has been...
State Securities Regulators Object to Celsius’ Court Motion to Sell Stablecoins
30.9.2022
As Celsius’ bankruptcy proceedings continue, the court’s trustee William Harrington appointed an examiner on Thursday in order to review the company’s finances, according to a filing submitted on September 29. On the same day, state securities officials from Vermont and Texas...
Ethereum Scaling Solution Aurora Pays $2 Million Bug Bounty to Hackers
30.9.2022
Aurora, an Ethereum Virtual Machine (EVM) compatible scaling and bridge solution built on top of the NEAR Protocol blockchain network, has completed the payment of a $2 million bug bounty to a pair of whitehat hackers that reported vulnerabilities on the platform back in June. ...
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CoinEx Establishes Partnership With RLWC2021
30.9.2022
PRESS RELEASE. The Rugby League World Cup 2021 (RLWC2021) has announced CoinEx as its official cryptocurrency trading platform partner. Founded in 2017, CoinEx is a professional global cryptocurrency exchange. Dedicated to ‘making crypto trading easier’, CoinEx provides a highly...
China, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital Currencies
29.9.2022
The monetary authorities of four jurisdictions in Asia have carried out tests with international settlements using state-issued digital currencies. Cross-border payments and foreign exchange transactions totaling over $22 million were made as part of the pilot project with the participation of...
Bitcoin Mining Industry Reveals Mergers, Hashrate Increases, and New Facilities Amid Market Downturn
29.9.2022
While bitcoin is down more than 72% from the crypto asset’s all-time high, bitcoin mining operations are expanding at a rapid pace during the downturn. On Tuesday, the bitcoin miner Cleanspark said its hashrate has surpassed 4 exahash per second (EH/s), and the Texas mining company Rhodium...