Category: Blockchain

Tether freezes $46M of FTX’s USDT on Tron blockchain, setting new precedent

According to blockchain transaction data provided by WhaleAlert.io on Nov. 10, Tether appears to have frozen 46,360,701 USDT ($46,274,472) owned by troubled cryptocurrency exchange FTX in its Tron blockchain wallet. The move comes one day after the U.S. Securities and Exchange Commission and the U.S. Justice Department began investigating FTX over its liquidity crisis.  A spokesperson from Tether stated on Oct. 11 that the firm only freezes privately held wallets when it firm receives a legitimate request from a verified law enforcement agent to do so and that “we do…

Thoma Bravo Contributes $70m for Blockchain Intelligence Firm TRM Labs

Thoma Bravo, one of the largest private equity firms that manage more than $122 billion in assets, has contributed $70 million in funding to Blockchain-based intelligence company TRM Labs’s series B funding round, totalling the amount raised to $130 million. Other participants in this round of fundraising included Goldman Sachs, Paypal Ventures, Amex Ventures, and Citi Ventures. The round follows TRM’s $60 Million Series B raise in December 2021 led by Tiger Global.  TRM Labs products focus mainly on allowing the trace of cryptocurrency transactions, risk assessment of other crypto…

Binance-FTX Deal Will Bring Regulatory ‘Scrutiny’ on Crypto Exchanges: Blockchain Association’s Kristin Smith

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Blockchain intelligence firm TRM Labs raises $70M in expanded Series B round

Blockchain-based intelligence company TRM Labs has announced a $70 million expansion to its Series B funding round, bringing the total raised to $130 million, announced the company on Nov. 9. Among the world’s largest private equity firms, Series B investor Thoma Bravo manages more than $122 billion in assets. The round was led by Thoma Bravo, with Goldman Sachs and previous TRM investors PayPal Ventures, Amex Ventures and Citi Ventures participating. The expansion follows TRM’s $60 Million Series B raise in December 2021 led by Tiger Global. Funds will support…

Koinal is Adding Apple Pay, Making Investment in Crypto Even More Accessible and Secure – Blockchain News, Opinion, TV and Jobs

Koinal, a global crypto trading platform that provides a fast, easy, and secure way to instantly buy, sell, deposit, or withdraw the most popular cryptocurrencies, has teamed up with Apple to make investing in crypto even easier. The platform owned by global cryptocurrency-based fintech services group, SG Veteris, already allows payments through credit and debit cards or bank transfers, and it is now one of only a few providers to allow people to buy cryptocurrencies with Apple Pay, providing its customers with even more choice. Koinal customers will be able…

Crypto Newswire Service Chainwire Awarded Nine Excellency Badges by G2 – Blockchain News, Opinion, TV and Jobs

Chainwire, a crypto press release distribution service, has been awarded nine badges by software marketplace G2. The badges were assigned in G2’s Fall 2022 report based on the responses from real users featured in its quarterly review form. Accolades earned by Chainwire include High Performer, Users Most Likely to Recommend, and Highest User Adoption. A total of nine decorations recognize Chainwire’s efforts in providing a best-in-class PR service for blockchain companies. Additional badges awarded to Chainwire include Best Meets Requirements, Easiest Admin, Easiest Setup, Easiest To Do Business With, Easiest…

MarginX, World’s First Community-Based Decentralized Exchange, Launches on Function X Blockchain – Blockchain News, Opinion, TV and Jobs

MarginX, the world’s first community-based decentralized exchange (DEX), launches on the Function X blockchain today. It runs on a first-of-its-kind multi-chain and on-chain infrastructure that allows investors to trade with close to zero gas fees, ultra-high throughput and liquidity, and full ownership and transparency. During its beta test in August this year, the DEX accumulated a total transaction volume of more than 45 billion USDT. Currently, with a small group of invited users, the number of transactions on MarginX continues to steadily climb past 48 million, with the most updated…

Former Meta and Pinterest Executive Joins Sequoia-Backed Decentralized Social as COO – Blockchain News, Opinion, TV and Jobs

After years spent developing the category-defining technology powering its infrastructure, Sequoia-backed DeSo is hiring Salil Shah, a seasoned executive with experience at Meta and Pinterest, to scale the business. The announcement comes in the wake of two consecutive months of over 120% Month over Month growth for the platform. As the only layer-1 blockchain capable of powering content-rich social applications, and with over $200 million in funding from Sequoia, Andreesen Horowitz, Coinbase, CAA, and others, DeSo was already well-positioned for success. Now, with an experienced senior executive like Shah in…

Co-Founder Of Solana Speaks On Blockchain Outage And Reliability Issues

Solana is one of the trending blockchains. It emerged to offer similar operations as Ethereum while improving on some of its faults. The notable feature of SOL is its fast processing capacity, as the network claims to process over 65.000 transactions per second. Also, it offers high scalability, among other functionalities. Throughout this year, Solana displayed several reliability issues and outages. The network has suffered up to 10 partial or complete outages in 2022 and some slow block times. Anatoly Yakovenko, the co-founder of Solana, has reacted to the reliability…