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CRO Jumps as Crypto.com Releases USD 34M Hack Report


  CRO, the native token of major crypto exchange Crypto.com, is moving up today, as the company published a report detailing the recent attack and the loss of almost USD 34m -- adding that it has reimbursed the affected users. "The incident affected 483 Crypto.com users. Unauthorized withdrawals...

Why Is Litecoin Sinking? Will LTC Retest $120 Mark?


Litecoin was among the top five cryptocurrencies a few years ago. After the founder of LTC, Charlie Lee, declared that he sold all his LTC to focus more on the development of blockchain technology, then the price of the coin declined significantly.  It is designed on a Bitcoin protocol to enable...

Microsoft Makes a USD 69B Gaming & Metaverse Bet


  Tech giant Microsoft has announced plans to acquire Activision Blizzard, a major game developer and an interactive entertainment content publisher. Microsoft said it will acquire Activision Blizzard for USD 95.00 per share, or around 45% more than it was valued before the announcement, in...

GameFi Operator Digital Entertainment Asset Closes $12 Million Seed Round


Singapore-based Digital Entertainment Asset Pte. Ltd. (DEA), a leading GameFi company operating in the play-to-earn (P2E) gaming arena, has officially finalized a $12 million seed fundraising round. The round was underwritten by JAFCO Investment Ltd., corporate participants, seven publicly-listed...

Security of $BURG Token Gets Compromised. Investors Lose $770K


Hacking in the domain of cryptocurrencies is not a new phenomenon. It has been around since the segment came into being, and the latest attempt was executed by hackers on Crypto Burgers. There is a security breach suffered by the $BURG token, and PeckShield Inc. has informed the people of the...

Crypto.com Reportedly Loses $15M After Pausing Withdrawals


The crypto market is full of uncertainties, and not just in a standard manner. Crypto.com realized it recently as the platform experienced several customers reporting alleged thefts and suspicious activities. The platform had to pause its withdrawal functionalities to address the concern. While...

Burnt Finance Raises $3 Million in Funding for NFT Marketplace


Burnt Finance is a startup in the cryptocurrency domain that is working extensively on the idea of improving the auction process related to non-fungible tokens (NFTs). In order to expand its presence among potential investors and users, the organization has now raised $3 million in a funding round...

FTX Launches a USD 2B Blockchain & Web3 Fund


  Major crypto derivatives exchange FTX has launched a USD 2bn venture fund, FTX Ventures. The new fund is focused on “backing the world's best teams building in the digital asset ecosystem,” the company said. It seeks to invest in multi-stage companies and projects, with the team stating that...

Tether Freezes USD 160M-Heavy Addresses on Law Enforcement Request


  Stablecoin issuer Tether (USDT) froze three addresses on Ethereum (ETH), which together hold USD 160m worth of assets. This has been confirmed by Tether, stating that they have done so upon request from law enforcement, per Coindesk. Per data analytics site Bloxy, Tether itself has so...

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