Money is pouring in to aid Ukraine’s efforts against the Russian invasion – in the form of cryptocurrency. Around $20 million have been raised in crypto donations by the Ukraine’s central bank and allied NGOs, estimates blockchain consulting firm Elliptic.Why crypto?Because it allows for quick, anonymous, cross-border payments which aren’t dependent on financial institutions. Such … Read more
Cryptocurrency markets continue to trade sideways this weekend, with Bitcoin and Ethereum managing to hold support. There are dozens of Metaverse crypto coins on the market with a wide range of market caps and prices. This article looks at our pick of the top five relatively low market cap Metaverse crypto coins with a market … Read more
Axios recently learned that crypto startup, Helium raised $200 million in Series D funding at $1.2 billion valuations, with its new investors Tiger Global and FTX Ventures. The company had previously raised $110 billion in VC funding and $111 million last summer in a token sale. The investment firm, Skybridge Capital, in the market with an … Read more
Topline Fresh off a record year for crypto funding deals, storied venture capital firm Sequoia Capital announced Thursday it has launched a crypto-focused fund with between $500 million and $600 million in capital, becoming the latest Silicon Valley giant to plow money into the burgeoning cryptocurrency space. Another Silicon Valley giant is starting a big … Read more
Romance scammers made off with a total of $139 million in cryptocurrency last year, five times more than the amount stolen in 2020, according to a new report from the Federal Trade Commission (FTC). The total amount of money lost through cryptocurrency payments made up the largest piece of the $547 million lost to scammers … Read more
Binance, the world’s largest cryptocurrency exchange, is making a $200 million strategic investment in Forbes, a print and digital publisher, founded in 1917 and best known for the magazine of the same name. The funding from Binance is supposed to assist Forbes in completing a planned merger with a special purpose acquisition company (SPAC) in the … Read more
Crypto meets media: The company controlled by the crypto billionaire worth $86.8 billion just sank $200 million into Forbes | Fortune Source link
Bengaluru and San Francisco based crypto investing platform, Mudrex has raised $6.5 million in its pre-series round A funding from investors. Backed by startup accelerator company, Y Combinator, the crypto trading platform received fresh funding from Akram Ventures, Tribe Capital, and Bolt by QED. The new funding follows a $2.5 million seed funding that the … Read more
New Delhi: Mudrex, Bengaluru-based crypto investing platform, has raised $6.5 million in a pre-series A round from Arkam Ventures, Tribe Capital and Bolt by QED Investors. Launched in 2018, Y Combinator-backed Mudrex has clocked a 450 per cent user growth in the last four months from over 100 countries. Four months earlier, the start-up raised … Read more
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
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 Buterin donated to Cryptorelief last year. Vitalik Buterin to Personally Deploy $100M From … Read more
Crypto.com CEO Kris Marszalek responded to complaints from thousands of users about issues logging back into their accounts after the company was forced to change security settings following a hack last week. On Monday, the company admitted that 483 users were affected by unauthorized cryptocurrency withdrawals on their accounts, costing a total of “4,836.26 ETH, 443.93 … Read more
As Russia continues to teeter on the brink of invading Ukraine, IT administrators in the beleaguered country and researchers have discovered destructive data wiping malware posing as ransomware and lurking in a number of Ukrainian networks. The situation evokes past devastating Russian malware campaigns against Ukraine—including the infamous NotPetya attack in 2017. Elsewhere on the continent, … Read more
Early-stage venture firm Inflection has raised a new found to invest into the “open economy”, as the firm says in its investment thesis. With that term, the firm means that it plans to cover all things crypto, web3 and blockchain with its new $40.7 million fund. Limited partners in the Mercury Fund include Accolade Partners, … Read more
Atleast $1.41 million (Rs 10 crore approx.) has been mooched off by cyber criminals due to a “critical vulnerability” in one of the largest crypto token swapping platforms in the world, Multichain, formerly known as Anyswap. This development comes at a time when the security ecosystem around decentralised finance (DeFi) is being questioned, with billions … Read more
Bahrain-headquartered cryptocurrency exchange Rain has raised $110 million in a Series B round co-led by Kleiner Perkins and Paradigm (the largest crypto fund in the world founded by Coinbase co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang). It is the first Middle East investment for both the firms. The round is one of … Read more
Crypto.com, a popular cryptocurrency exchange, has extended its venture arm’s fund size to $500 million as it looks to more aggressively back early-stage startups to help the nascent ecosystem grow, following similar moves by rivals Binance, Coinbase and FTX. The broadening of Crypto.com Capital comes less than a year after the Singapore-headquartered firm unveiled its … Read more
Cryptocurrency exchange BitMart promised a full reimbursement to the victims of the platform-wide $200 million hack, but some users still haven’t gotten their money back, according to a report from CNBC. Hackers made off with a variety of tokens on December 4th after using a stolen privacy key to gain access to one of BitMart’s … Read more
Scammers convinced a North Carolinian to cash in his bank CDs and transfer the money into bitcoin held in a Coinbase account. The banks didn’t block the suspicious transactions, but the crypto exchange froze the funds. getty In late August, an elderly Asheville, North Carolina man received a terrifying call from someone claiming to be … Read more
(Bloomberg) — Sygnum, which runs a digital-asset bank and trading platform, raised $90 million in a funding round that valued it at $800 million, as venture capital firms pour record-shattering amounts of money into the crypto industry. The financing was led by Sun Hung Kai & Co., and also included investors like Animoca Brands and Canada’s … Read more
By: Josh Sens January 3, 2022 LinksDAO is aiming to shake up the traditional concept of the country club. LinksDAO Psst! Wanna join a first-of-its-kind private golf club? Mike Dudas is among those who would love to have you. He can promise you fellowship and friendly competitions, without any stuffy application process: no cocktail-party vetting; … Read more
Coinbase Chief Executive Officer Brian Armstrong is the buyer of a $133 million Los Angeles estate, according to people familiar with the deal. The transaction, which closed in December, is one of the priciest single-family home sales ever completed in the L.A. area. The seller was a limited liability company tied to Japanese entrepreneur Hideki … Read more
Mumbai: Vishal Gupta is busy even when he is sitting in a hair cutting salon in Noida’s Sector 168. The 34-year-old crypto investor is keeping tabs on Bitcoin prices through an app, looking for signals of which way it will head. Across India, the situation is little different. About 20 million people in the country … Read more
In recent years, Micheal Saylor, the CEO of US-based business intelligence firm MicroStrategy has established his reputation as a Bitcoin bull, without really revealing details of his own holdings. The 56-year-old businessman reportedly owns at least 17,732 Bitcoin tokens, presently amounting to around $860 million (roughly Rs. 6,468 crore). This information recently surfaced in a … Read more
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
Hacks targeting crypto-related platforms have risen exponentially in recent times. Recently, a crypto-gaming ecosystem called Vulcan Forged fell prey to a hack attack, losing $140 million (roughly Rs. 1,062 crore) worth of users’ crypto assets. Hackers reportedly accessed the keys of 96 wallets, stealing 23.7 percent of the project’s circulating supply of tokens. The gaming ecosystem … Read more
WikiLeaks is one of the world’s most famous organizations. In its essence, WikiLeaks is an international non-profit organization designed to publish news leaks and classified media provided by various anonymous sources. It was founded back in 2006 by Julian Paul Assange – an Australian activist, publisher, and editor. He was arrested in 2019 in London, … Read more
AscendEX, a cryptocurrency exchange that recently celebrated its third anniversary, confirmed that numerous tokens were maliciously transferred out of its hot wallet earlier today. While the firm is yet to affirm the total amount stolen, early estimations show that the funds are worth roughly $80 million. The company admitted to detecting an undisclosed number of … Read more
Guelph police say its fraud unit has investigated more than $1 million in losses related to cryptocurrency scams this year. The latest scams involve various residents losing thousands of dollars after being contacted by someone claiming to be with the Canada Border Services Agency. Read more: Guelph woman loses nearly $8,000 in Bitcoin scam, police … Read more
A fan wearing a face mask looks on during the Sky Bet Championship match between Nottingham Forest and Fulham at City Ground on October 24, 2021 in Nottingham, England.Naomi Baker | Getty Images Sport | Getty ImagesLONDON — The increase in omicron Covid cases in the U.K. is on such steep trajectory that the country … Read more
DAKAR, Dec 7 (Reuters) – Up to one million COVID-19 vaccines are estimated to have expired in Nigeria last month without being used, two sources told Reuters, one of the biggest single losses of doses that shows the difficulty African nations have getting shots in arms.Governments on the continent of over one billion people have … Read more
Rise in the prevalence of COVID-19 infections in the UK in the latest week, however, was driven by the dominant Delta variant rather than Omicron.Europe has crossed 75 million coronavirus cases, according to a Reuters news agency tally, as the region braces for the new Omicron variant at a time when hospitals in some countries … Read more
Tennis Australia sustained a net loss of more than $100 million in the 15 months around this year’s delayed — and COVID-19-affected — Australian Open, the body’s 2020-21 annual report showed.Key points:Tennis Australia emptied its cash reserves of $80 million and took a loan of $40 million due to the impact of COVID-19 on the … Read more
On Wednesday night, someone drained funds from multiple cryptocurrency wallets connected to the decentralized finance platform BadgerDAO. According to the blockchain security and data analytics Peckshield, which is working with Badger to investigate the heist, the various tokens stolen in the attack are worth about $120 million. While the investigation is still ongoing, members of … Read more
View from the deck of Bold – which could be yours for enough cryptocurrency. Photo: Kevin Dugan Talk to crypto’s true believers and they will gush about how decentralized technology will bring freedom, financial equality, cultural and economic revolution — but if you really want them to turn out to an event, put it on a … Read more
Vignesh Sundaresan, also known as MetaKovan, spent $69.3 million on a Beeple non-fungible token earlier this year, but he’s not very possessive about it.The beauty of an NFT is that everyone gets to enjoy it, the Indian cryptocurrency entrepreneur and investor said in an interview with Bloomberg News. In fact, he’d be happy if everyone … Read more
INCREASED LIQUIDITY in global financial markets and the Supreme Court order early last year allowing use of banking infrastructure by cryptocurrency platforms has led to top investment firms, such as Tiger Global, Sequoia Capital, B Capital and Andreessen Horowitz, pumping in over half-a-billion dollars in India’s cryptocurrency and blockchain technology space in 2021 so far. … Read more
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
Britain’s biggest crowdfunding platform Crowdcube is eyeing major expansion to Europe and could one day put company stock on the blockchain after raising £10 million from a US cryptocurrency business.US business Circle is backing the crowdfunding platform, which has helped the likes of BrewDog, Revolut and Mindful Chef raise money from small time investors. Existing … Read more
Bitcoin is going to replace gold and become one of the most powerful assets to hold on the planet. That’s what Microstrategy CEO Michael Saylor says about the future of bitcoin as institutional adoption rises.“We are going to keep stacking forever,” Saylor said after being pressed on whether his company, which owns 114,042 BTC would … Read more
The US government has seized $56 million worth of cryptocurrency from an admitted participant in the BitConnect scam and intends to sell the coins and use the proceeds to reimburse victims. The Department of Justice says that it’s the largest recovery of cryptocurrency to date — and that it was willingly given up by Los … Read more
Bill Oxford via Getty Images A rare, first edition copy of the US Constitution is going up for auction on Nov. 18, and a crypto group called ConstitutionDAO is currently raising funds to buy it.Sotheby’s, which is conducting the auction, expects the copy to sell for between $15 million and $20 million. This copy of … Read more
About 1.6 million Queensland residents remain unvaccinated against COVID-19, as the state prepares to open borders to inoculated travellers flying in from virus hotspots interstate.Key points:The Queensland government is expected to announce today how people can start applying for border passesAn infectious disease expert is concerned the virus will spread quickly once border rules relaxAbout … Read more
The story of Shiba Inu (SHIB), crypto’s best-performer of the year, still boggles the mind — even after multiple retellings. Just 12 months ago, the price of one SHIB token had ten zeros in front of it: $0.000000000063 on volume of $682.58, according to CoinGecko.By late October of this year, six of those zeros had … Read more
The popular meme-inspired cryptocurrency Shiba Inu ($SHIB) is being listed on the retail-friendly platform of Indian cryptocurrency trading platform CoinDCX. Until now, SHIB was available in the platform in trade-only mode on the professionally-oriented CoinDCX Pro. According to a tweet from CoinDCX, the listing happened this Friday, November 12. CoinDCX is looking to onboard 50 … Read more
Public, a popular trading app competing with Robinhood (NASDAQ: HOOD) that has already amassed over one million users, has expanded its cryptocurrency offering with the addition of numerous new cryptocurrencies. According to Business Insider, the company now offers 21 cryptocurrencies via its commission-free trading platform, as it has recently listed Solana ($SOL), Terra ($LUNA), Chainlink … Read more
More than 20 million tests now analysed at Glasgow’s lab to cut COVID-19 transmission Visit follows net zero ambitions announced for UK health services at COP26 The Glasgow Lighthouse Lab has now analysed more than 20 million COVID-19 tests, as Health and Social Care Secretary, Sajid Javid visited the lab today [Wednesday 10 November] to … Read more
Crypto space is expanding at a brisk pace and more crypto exchange platforms are trying to establish themselves in the market early on. In a Series A funding round, crypto exchange platform WOO Network has bagged $30 million (roughly Rs. 223 crore) from various investors, including major Singapore-based investment firm Three Arrows Capital. A total … Read more
Meow, the future of modern, compliant investing for corporate treasuries, today announced that the company has raised a seed round of funding. Coinbase Ventures, Gemini Frontier Fund, Lux Capital, and a host of cryptocurrency luminaries including Jump Capital, Slow Ventures, Shine Capital, Castle Island Ventures, Acrylic, amongst others, participated in the round. Until now, corporate … Read more
Worldwide cases due to Covid-19 were approaching 250 million on Sunday as the surge from the Delta variant eases and more normal trade and tourism resume, although some countries in eastern Europe are experiencing record outbreaks. Over the last three months, the daily average number of cases has fallen by 36%, according to a Reuters … Read more