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FTX Raises $400 Million in Series C Fundraise, Firm Reaches $32 Billion Valuation
31.1.2022
Following the company’s subsidiary FTX US raising funds in its first Series A financing round, parent company FTX Trading Ltd. has announced it has secured $400 million in a Series C fundraise. The crypto company’s latest financing round brings the firm’s post-money valuation...
Is the bottom in? Institutional crypto funds record second week of inflows
31.1.2022
Despite extreme fear in the market, institutional investors appear to be re-accumulating Bitcoin using dedicated funds
Vitalik Buterin to Use $100 Million From Crypto Relief’s SHIB Funds to Accelerate Covid Relief Efforts
30.1.2022
Ethereum co-founder Vitalik Buterin has unveiled how he will use $100 million in cryptocurrency from India’s Covid Crypto Relief Fund (Cryptorelief) to accelerate relief efforts and “bring great benefit to Indians and non-Indians.” The crypto is part of the Shiba Inu funds...
Whale Watch: A Deep Dive Into the Concentrations of Large Crypto Holders
28.1.2022
Three months ago the crypto economy was worth more than $3 trillion and since then, digital currency prices have slid a great deal in value, as crypto assets have been sold and distributed across many hands. Over the last decade, fluctuating price cycles have made it so some addresses, typically...
UAE Based Money Transfer Firm Announces Partnership With Ripplenet
28.1.2022
Al Fardan Exchange, a money transfer firm, has joined up with Ripplenet in a deal that will see the company use the Ripplenet blockchain when sending funds across national borders. Al Fardan’s Reasons for Joining Ripple A United Arab Emirates (UAE)-based money transfer platform, Al Fardan...
Net Inflows Into Largest Gold ETF Surge Amidst Falling Stocks and Crypto Prices
26.1.2022
Net inflows into SPDR Gold Shares surged to a new record of $1.63 billion, the highest since its listing in 2004. The surge of net inflows into one of the largest gold exchange-traded funds (ETFs) comes against a backdrop of falling cryptocurrency and stock values. Investors More Bullish on Gold...
Green shoots? Institutional crypto funds see first inflows in 5 weeks
25.1.2022
Nearly $14 million has been returned to BTC institutional funds over the past week, but Ethereum-based products are still seeing major outflows
Report: A16z to Raise $4.5 Billion for Crypto Investments
21.1.2022
A16z, a leading VC company in crypto, is reportedly ramping up its investments in the field this year. The company is said to be looking for $4.5 billion to invest in different cryptocurrency-related funds. This amount more than doubles the entire amount the company invested in crypto last year....
Tom Brady’s Autograph NFT Agency Gets $170 Million in Series B Funding Round
21.1.2022
Autograph, the NFT agency co-founded by famous NFL player Tom Brady, has raised $170 million in its series B funding round. The company revealed that the funding round was led by Andreessen Horowitz and Kleiner Perkins, with the participation of other notable companies in the field. The funds...
Andreessen Horowitz aims to raise $4.5 billion to invest in crypto funds
20.1.2022
Last week, A16z reportedly said it would raise $3.5 billion for its VC fund, as well as another $1 billion for web3 seed investments
Crypto.com Reveals 483 Accounts Compromised in Recent Hack — $34 Million in Bitcoin, Ether Stolen
20.1.2022
Crypto.com has revealed that 483 user accounts were compromised in the recent hack that resulted in unauthorized withdrawals of about $34 million in cryptocurrencies, including bitcoin and ether. Nonetheless, the company stressed that customer funds were never at risk. Crypto.com’s Hack...
Andreessen Horowitz Eyes USD 4.5B For New Crypto Funds
20.1.2022
As another sign of venture capital money increasingly fueling the cryptosphere’s disruption of legacy finance, US venture capital firm Andreessen Horowitz (a16z) has unveiled plans to raise up to USD 4.5bn to launch new crypto-focused funds -- potentially more than doubling the amount it raised...
Auditing Firms Claim Crypto.com Lost $15 Million in Incident as Users Report Suspicious Activity
19.1.2022
Crypto.com, a leading cryptocurrency exchange, experienced an incident on January 17 when some of its users reported strange activity in their accounts. The exchange acknowledged the event, and conducted an investigation immediately after, declaring that all funds were safe. However, reports from...
Blossom Capital’s Newly Launched $432 Million Fund to Focus on Crypto Startups
18.1.2022
Blossom Capital, the London-based venture capital firm founded by Candice Lo, Imran Ghory, Mike Hudack, and Ophelia Brown plans to dedicate more funds to the growing cryptocurrency ecosystem. On January 18, Blossom announced a new fund worth $432 million, and a third of the capital will...
Australian Regulator Warns Against Investing Retirement Funds in ‘High Risk’ Crypto-Assets
18.1.2022
An Australian regulator has warned residents seeking to self-manage their retirement funds to be wary of investing in crypto-asset investments that promise high returns in a short space of time. The regulator reiterates in the warning that crypto-assets are a high-risk and speculative investment....
Hacker Steals USD 15M from Crypto.com, Say Analysts; Platform Claims User Funds Weren't Lost
18.1.2022
Major crypto platform Crypto.com has lost millions of dollars in crypto in yesterday’s attack, claim analysts, while the platform's CEO is assuring the public that customer funds have not been lost.
Crypto.com CEO Kris Marszalek tweeted “some thoughts” on Tuesday regarding the event of...
Lucrosus Capital Launched $LUCA – Decentralized Venture Capital (DeVC)
18.1.2022
PRESS RELEASE. The cryptocurrency market in the last months has witnessed the enormous success of promising valuable blockchain projects. Nevertheless, even investors from traditional markets are starting to detect the real potential of cryptocurrencies. They pour vast amounts of funds into...
Crypto.com Suspends Withdrawals After 'Unauthorized Activity'
17.1.2022
Major crypto platform Crypto.com has suspended withdrawals and says that all funds are safe after what has been described as “unauthorized activity” in a small number of user accounts.
The update from Crypto.com followed user reports from earlier today about unusual on-chain activity from...
Gift to Pope Francis Sold as NFT Raises $80,000 for Afghanistan
16.1.2022
A carpet presented by the United Arab Emirates as a gift to the head of the Catholic Church a few years ago has been sold in the form of NFT. While the original remains in the Vatican, its digital representation has been successfully used to collect funds for the people of Afghanistan. NFT...
Crypto Exchange Bitfinex Stops Servicing Ontario Customers, Asks Users to Withdraw Funds
16.1.2022
Cryptocurrency exchange Bitfinex has asked its Ontario users to withdraw their funds since they will no longer have access to any services offered by Bitfinex in March. Bitfinex Stops Providing Services to Ontario Customers Crypto exchange Bitfinex announced Friday that it is making changes to...