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One million ETH worth have been burned since the implementation of EIP-1559 in August
24.11.2021
On a net basis, however, the supply of Ether is still inflating at about 1.2% per year
Ethereum Has Burned More Than a Million ETH Over the Last 3 Months
24.11.2021
111 days ago, the Ethereum network implemented the London hard fork upgrade which added a mechanism (EIP-1559) that changed Ethereum’s fee rate to a new scheme that makes the crypto asset ether deflationary. Since then 1 million ether has been burned or the equivalent of around $3.8 billion...
Socialite Paris Hilton Backs $20 Million Strategic Investment in NFT Protocol Origyn
24.11.2021
The non-fungible token (NFT) project the Origyn Foundation announced on Tuesday the team received a strategic investment of $20 million from a myriad of investors. Hilton hotel heiress Paris Hilton participated in the funding round alongside firms like Polychain Capital and Table Management. Origyn...
NFL Football Star Odell Beckham Jr Giving Away $1 Million in Bitcoin and Will Take His New Salary in BTC
23.11.2021
U.S. football Star Odell Beckham Jr. is taking his new salary in bitcoin and is giving away $1 million in the cryptocurrency in partnership with Square’s Cash App. “To all my fans out there … I’m giving back a total of $1M in BTC right now,” he wrote. Football...
Moonpay Raises $555 Million in First Funding Round
23.11.2021
Moonpay, a cryptocurrency payments service provider, has raised $555 million during its first funding round. Led by Tiger Global Management, this series A funding round propelled the valuation of the company to $3.4 billion, which will be used for expansion endeavors. The fiat-to-crypto ramp that...
Bitcoin Mining Company Griid Secures $525 Million Credit Facility From Blockchain.com
23.11.2021
On Monday, the mining firm Griid Infrastructure announced the company has secured a $525 million credit facility from the crypto firm Blockchain.com. According to the announcement, the credit facility will be a four-year term in order to increase the company’s mining capacity. Bitcoin Mining...
Canada Detains Teen for Alleged $36 Million Cryptocurrency Theft
21.11.2021
A teenager has been arrested in Canada after committing what law enforcement officials in Ontario have described as the largest crypto theft by a single person. The Canadian is accused of stealing tens of millions of dollars through a SIM swap targeting a crypto holder in the U.S. Teen Arrested...
US Sentences Man to 3 Years in Prison for Operating Unlicensed Bitcoin Exchange Business
21.11.2021
A California man has been sentenced to three years in federal prison “for operating an unlicensed business that exchanged at least $13 million in bitcoin and cash, often for drug traffickers,” the U.S. Department of Justice said. He agreed to forfeit various assets, including seized...
Forza Horizon 5 Had The Biggest Launch Week In Xbox History With Over 10 Million Players
20.11.2021
Forza Horizon 5 is a very good game. It’s also a very popular game. Your Twitter feed might be currently filled with people sharing screenshots and videos from the open-world drive ‘em-up. Mine is. And now it’s been confirmed that the latest Forza title has become the biggest launch in Xbox...
Gemini Raises $400 Million in Growth Equity Funding Round; Metaverse Clash Incoming
20.11.2021
Gemini, the regulated cryptocurrency exchange founded by the Winklevoss Twins, has raised $400 million in its most recent growth equity funding round. This financial round gave it a valuation of $7.1 billion, being one of the most valuable exchanges in the crypto world. The financial round, led...
GameStop Meme Stock Villain Buys Copy Of The Constitution For $43 Million
20.11.2021
Here are some words I never thought I’d type: the hedge fund CEO that bailed out GameStop short sellers earlier this year just secretly outbid a hyped-up bunch of crypto lords for an ultra rare copy of the original U.S. Constitution. Earlier this year, billionaire Kenneth Griffin became public...
Tidal Finance Introduces Insurance Fund for Covering $1 Million Worth TVL
19.11.2021
With an effort to create a safety net in the finance eco-system, Tidal Finance announces its new partnership. Tidal Finance offers a weekly coverage subscription plan to safeguard the OpenSwap that covers the smart contract risk. To ensure the safety of its protocol, OpenSwap is investing over...
NFT-Collateralizing South African Startup Raises $5 Million in Latest Seed Round
19.11.2021
A South African startup, NFTfi, is reported to have recently raised $5 million which the company intends to use for boosting its business of collateralizing non-fungible tokens (NFTs). Cryptocurrency Loan Marketplace According to a Techcrunch report, NFTfi’s $5 million capital raise was...
Kucoin Labs Launches $100 Million Metaverse Investment Fund
19.11.2021
Kucoin Labs, the investigative and investment arm of Kucoin, a cryptocurrency exchange, has launched a $100 million fund to incubate early metaverse related projects. These include blockchain gaming initiatives, NFT platforms, and decentralized platforms, among others. The support will also include...
$400M funding round to help Gemini build in the decentralized Metaverse
19.11.2021
The Winklevoss twins have big plans for a Gemini future in different Metaverses as they go head to head with archrival Meta
Eldrige leads Digital Currency Group's maiden $600 million debt funding round
18.11.2021
Davidson Kempner Capital Management, Francisco Partners, and Capital Group were among the investors in Digital Currency Group's debut into the debt capital markets
Creditors of Collapsed South African Crypto Firm Vote to Accept Offer to Resuscitate the Company
18.11.2021
Creditors of a South African crypto trading firm, Africrypt, have agreed to a proposal recently tabled by an unnamed investor who is seeking to resuscitate the collapsed company. Africrypt’s Intellectual Property In addition to paying $4 million — which will be used to pay off some...
Nearly 500,000 Nigerian CBDC Wallets Downloaded Since Launch
17.11.2021
Nearly half a million e-naira wallets have been downloaded a few weeks after the central bank digital currency (CBDC) was officially launched by Nigerian President Muhammadu Buhari, the central bank has said. E-Naira’s Initial Trade Volumes In addition to the 488,000 wallets that have been...
KuCoin Labs Launches $100 Million Venture Capital Fund To Empower Early-Stage Metaverse Projects
17.11.2021
The world's sixth-largest cryptocurrency exchange by volume is making its move into the metaverse
Valkyrie Will Launch On-Chain Defi Fund Next Week
17.11.2021
Valkyrie Investments, one of the biggest cryptocurrency asset managers, has announced it will launch a so-called on-chain defi fund next week. This new fund would be substantially different than other, similar offerings, due to the location of the assets that will be available to earn yield...