Nielsen Estimates Crypto Sports Sponsorship Spend At $5 Billion In Under 5 Years

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Global market research firm Nielsen expects sports sponsorships through cryptocurrencies to reach $5 billion by 2026. “As a sponsorship category, crypto has quickly catapulted into the limelight, growing exponentially faster than traditional categories. Given the widespread exposure that sports provide, the opportunities for crypto-related sponsorships are blossoming, and the number of inked deals dramatically increased … Read more

Electric Capital closes $1 billion in funds to back crypto startups, buy tokens – TechCrunch

Electric Capital closes $1 billion in funds to back crypto startups, buy tokens – TechCrunch

Fervor surrounding the opportunities in the crypto space has seemed to upend the venture world over the past couple years with major players shaking up how their firms are fundamentally organized in order to compete with so-called crypto native investment firms. While a plethora of breakout web3 funds popped up in the past several months, … Read more

BuyTheBroncos DAO aims to raise $4 billion to buy Denver Broncos

BuyTheBroncos DAO aims to raise $4 billion to buy Denver Broncos

DENVER — The Denver Broncos are up for sale, and a group of crypto enthusiasts is aiming to raise more than $4 billion using a decentralized autonomous organization, or DAO, to make it their own.You can think of a DAO like a group of individuals acting in concert with no single leader. Unlike a normal … Read more

Justice Department Seizes $3.6 Billion of Bitcoin Stolen in Crypto Hack

Justice Department Seizes $3.6 Billion of Bitcoin Stolen in Crypto Hack

Text size Dreamstime.com The Justice Department said Tuesday it seized more than $3.6 billion worth of Bitcoin that was stolen during a cryptocurrency exchange hack in 2016. Bitcoin’s value at the time it was recovered represents the largest crypto seizure ever made by the Department of Justice, according to a release. The Bitcoin that was … Read more

$325 Million In Crypto Allegedly Stolen From $1 Billion Decentralized Finance Platform

$325 Million In Crypto Allegedly Stolen From $1 Billion Decentralized Finance Platform

Topline Wormhole Portal, a platform that helps users transfer cryptocurrency between the Solana and Ethereum blockchains, said Wednesday afternoon a hacker had stolen more than $325 million worth of tokens in what experts call one of the biggest hacks ever in the booming $192 billion decentralized finance space—an area regulators seem keen to crack down … Read more

bitcoin: Crypto slide puts outlook of a billion investors by 2023 to test

bitcoin: Crypto slide puts outlook of a billion investors by 2023 to test

Weakness in the crypto market is providing a sobering backdrop for bullish forecasts, but adherents remain undeterred. Trading-platform Crypto.com estimates 1 billion people will invest in cryptocurrencies by the end of this year. It’s a lofty target. Not only is it more than triple the amount from last year, based on the company’s data, but … Read more

Crypto slide puts outlook of a billion investors by 2023 to test

Trading-platform Crypto.com estimates 1 billion people will invest in cryptocurrencies by the end of this year

Weakness in the crypto market is offering a sober outlook at bullish forecasts. Trading-platform Crypto.com estimates 1 billion people will invest in cryptocurrencies by the end of this year. It’s a lofty target. Not only is it more than triple the amount from last year, based on the company’s data, but many suspect Bitcoin and … Read more

Bitmain-Backed Crypto Mining Company Reaches $1.5 Billion SPAC Merger To Go Public

Bitmain-Backed Crypto Mining Company Reaches $1.5 Billion SPAC Merger To Go Public

Leo Lu, founder and CEO of BitFuFu. Courtesey of BitFuFu Cryptocurrency mining services company BitFuFu, backed by industry giant Bitmain, is slated to go public in the United States by merging with a special-purpose acquisition company in a deal that will value the company at $1.5 billion. BitFuFu announced on Tuesday that it would enter … Read more

These Ten Crypto Billionaires Have Lost $27 Billion Since November

These Ten Crypto Billionaires Have Lost $27 Billion Since November

The fortunes of the wealthiest Bitcoin, XRP and other crypto investors and entrepreneurs have imploded along with the value of digital assets. The worst may not be over.  Bitcoin has fallen nearly 50% since it’s record high in November. SOPA Images/LightRocket via Getty Images Ten of the wealthiest cryptocurrency moguls tracked by Forbes have lost … Read more

Crypto scammers took a record $14 billion in 2021: Chainalysis

Crypto scammers took a record $14 billion in 2021: Chainalysis

Chinnapong | iStock Editorial | Getty ImagesScammers took home a record $14 billion in cryptocurrency in 2021, thanks in large part to the rise of decentralized finance (DeFi) platforms, according to new data from blockchain analytics firm Chainalysis.Losses from crypto-related crime rose 79% from a year earlier, driven by a spike in theft and scams.Scamming … Read more

Institutional investors poured in record $9.3 billion into crypto funds in 2021

The total number of crypto assets or coins in investment product form expanded from nine to 15 during the year, as per the report. (Reuters)

Global crypto-themed funds witnessed record net inflows of $9.3 billion during 2021, a 36% increase over 2020 as institutional adoption grew in a breakout year for crypto assets, said digital asset manager CoinShares in a report. The report further said that the total number of crypto assets or coins in investment product form expanded from … Read more

Crypto Mixing Tools Tornado.cash and Cashfusion Obscure More Than $8 Billion in Transactions – Privacy Bitcoin News

Crypto Mixing Tools Tornado.cash and Cashfusion Obscure More Than $8 Billion in Transactions – Privacy Bitcoin News

While blockchain monitoring has increased a great deal during the last few years, cryptocurrency mixers have seen significant use from those who don’t want their financial transactions tracked. Meanwhile, two mixing applications, Tornado.cash and Cashfusion, have helped crypto owners make their ethereum and bitcoin cash less traceable. The two applications combined recorded more than $8 … Read more

Crypto Scams Rose by 81 Percent, Rug Pulls Cost Investors Over $7.7 Billion in 2021: Chainalysis

Crypto Scams Rose by 81 Percent, Rug Pulls Cost Investors Over $7.7 Billion in 2021: Chainalysis

2021 has emerged to be nothing short of an eventful one for the world of cryptocurrencies. Amid crypto adoption becoming a thing, scams in this budding space also made it through the headlines throughout the year. In a recent report, research firm Chainalysis revealed that scams mooched off over $7.7 billion (roughly Rs. 58,697 crore) … Read more

Crypto company Anchorage raises $350 million at $3 billion valuation – TechCrunch

Crypto company Anchorage raises $350 million at $3 billion valuation – TechCrunch

Less than a year after raising an $80 million Series C round, Anchorage is announcing that it has raised a $350 million Series D round. With today’s funding round, the company has reached a valuation of more than $3 billion. Anchorage offers a custody solution for big institutions, such as publicly traded companies or funds. … Read more

Why A $3.5 Billion Crypto Firm Is Going To Invest In Its Own Clients

Why A $3.5 Billion Crypto Firm Is Going To Invest In Its Own Clients

Alchemy Founders Nikil Viswanathan and Joseph Lau Alchemy In today’s frothy crypto environment, where nine-figure venture capital rounds seem to be handed out to startups like foam fingers at a football game, it can be easy for a casual observer to assume that all participants are blindly following FOMO-driven over-exuberance.  However, there is significantly more … Read more

Bitcoin falls by 20% as $1 billion of crypto sold off. What caused the plunge this time?

Bitcoin falls by 20% as $1 billion of crypto sold off. What caused the plunge this time?

Bitcoin shed a fifth of its value on Saturday as a combination of profit-taking and macro-economic concerns triggered nearly a billion dollars worth of selling across cryptocurrencies.Bitcoin was 12 per cent down at 9.20 GMT at $47,495 (€41,980.83). It fell as low as $41,967.50 (€37,095.07) during the session, taking total losses for the day to … Read more

$300 Billion Bitcoin And Crypto Price Crash After Stark Fed Warning—Ethereum, BNB, Solana, Cardano And XRP In Free Fall

$300 Billion Bitcoin And Crypto Price Crash After Stark Fed Warning—Ethereum, BNB, Solana, Cardano And XRP In Free Fall

Bitcoin and cryptocurrency prices have fallen sharply, wiping around $300 billion worth of value from the combined crypto market in just two days. The bitcoin price dropped to around $51,000 per bitcoin after trading around $69,000 just weeks ago—a fall of almost 30%. The latest move lower has seen other major cryptocurrencies, including ethereum, Binance’s … Read more

Annual Volume of Crypto Transactions Made by Russians Reaches $5 Billion, Bank of Russia Finds – Bitcoin News

Annual Volume of Crypto Transactions Made by Russians Reaches $5 Billion, Bank of Russia Finds

With the growing capitalization of the crypto economy, Russians have been making crypto transactions worth billions of dollars a year, data gathered by the Central Bank of Russia shows. Russian residents are some of the most active participants in the crypto market, the regulator has acknowledged. Russians Among Most Active Crypto Users, Central Bank Admits … Read more

Gemini Crypto Platform Secures $400 Million in Equity Funding Placing a $7.1 Billion Value on the Firm

Gemini Crypto Platform Secures $400 Million in Equity Funding Placing a $7.1 Billion Value on the Firm

Late last week the wunderkind tandem of Cameron and Tyler Winklevoss announced the successful close of a $400 million equity round of financing for their cryptocurrency platform, Gemini. This latest funding infusion balloons Gemini’s balance sheet to an impressive $7.1 billion valuation. “Gemini is the portal into crypto for new and seasoned investors alike,” said … Read more

Jihan Wu’s Crypto Mining Platform Bitdeer To Go Public In $4 Billion SPAC Deal

Jihan Wu’s Crypto Mining Platform Bitdeer To Go Public In $4 Billion SPAC Deal

Jihan Wu, chairman and founder of Bitdeer. Bloomberg Bitdeer Technologies, controlled by crypto pioneer Jihan Wu, is planning to go public in the U.S. by merging with a blank check company in a deal that will value the Singapore-based bitcoin mining firm at $4 billion.  Bitdeer is a spinoff from Bitmain Technology, a Chinese bitcoin … Read more

Sudden $400 Billion Crypto Price Rout Sees Bitcoin Crash Under $60,000 As Ethereum, BNB, Solana, Cardano And XRP Plummet

Sudden $400 Billion Crypto Price Rout Sees Bitcoin Crash Under $60,000 As Ethereum, BNB, Solana, Cardano And XRP Plummet

Bitcoin and cryptocurrency prices have fallen sharply over the last 24 hours, with the bitcoin price crashing under $60,000 per bitcoin. Other major cryptocurrencies, including ethereum, Binance’s BNB, solana, cardano and Ripple’s XRP, have also fallen back—all losing between 7% and 10% of their value. The sudden crypto price crash has wiped around $400 billion … Read more

Crypto VC firm Paradigm debuts monster $2.5 billion fund – TechCrunch

Crypto VC firm Paradigm debuts monster $2.5 billion fund – TechCrunch

As the crypto market continues to push towards new heights, investors are finding heightened LP appetite for exposure to the space, leading to new venture funds that are huge — even by 2021 standards. Paradigm, a crypto VC firm founded in 2018 by Coinbase co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang, has … Read more

Crypto gaming, NFTs, Web3 expected to onboard the next billion users into crypto?

Crypto gaming, NFTs, Web3 expected to onboard the next billion users into crypto?

Here’s one way to bring the next billion users in the crypto sector: Crypto gaming + NFTs + Web3. Let’s talk about the recent boom in the gaming aspect. DappRadar, an analytics platform showed a boom in crypto gaming. Last month saw blockchain games make up the majority of activity in the Dapp industry. Around 55% of unique … Read more

Crypto funds AUM surges 46% to all-time high of $74.7 billion: Report

In October, bitcoin and ethereum rose by 42.0% and 35.4%, respectively. (REUTERS)

Digital asset investment products or crypto funds were in demand as assets under management grew across the board in October, with total AUM reaching $74.7 billion (till 21 October, surpassing the previous all-time high of $58.7 billion in March, according to a report by digital asset data provider CryptoCompare. The AUM included all-time highs for … Read more

Crypto Asset Management Market worth $1.2 billion by 2026

Crypto Asset Management Market worth $1.2 billion by 2026

CHICAGO, Oct. 29, 2021 /PRNewswire/ — According to a new market research report “Crypto Asset Management Market by Solution (Custodian and Wallets), Application Type (Web-based and Mobile-based), End User (Individuals and Enterprises (Institutions (BFSI, Hedge Funds), Retail and eCommerce)), and Region – Global Forecast to 2026”, published by MarketsandMarkets™, the global Crypto Asset Management Market … Read more

EU has exported over 1 billion COVID-19 vaccines

U.S. retail industry seeks 90-day lead time on COVID-19 rules

A woman holds a small bottle labelled with a “Coronavirus COVID-19 Vaccine” sticker and a medical syringe in this illustration taken October 30, 2020. REUTERS/Dado RuvicBRUSSELS, Oct 18 (Reuters) – Over one billion COVID-19 vaccines produced in the European Union have been exported to more than 150 countries since December 2020, the head of the … Read more

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