Tag: 1.3M

CZ’s Giggle Academy Gets $1.3M Boost from Crypto Donors

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Binance co-founder Changpeng “CZ” Zhao’s edutech venture, Giggle Academy, managed to amass over a million dollars in public donations within half a day, thanks mainly to a memecoin.  Giggle Academy’s donation address showed a balance of over 1,311 BNB (BNB) worth over $1.3 million at the time of writing, according to the BNB Smart Chain scan tool BscScan, after opening for donations on Sunday. A large portion of the donations came through a memecoin called “Giggle,” which was launched by the Giggle Fund, which has been sending trading fees charged…

THORChain Co‑Founder Loses $1.3M in Deepfake Scam

Key Notes JP’s old Metamask wallet and iCloud Keychain were recently compromised by North Korean hackers. He revealed that primary Vultisig wallets remained secure. The scam caused the executive a loss of $1.3 million. THORChain co-founder JP was scammed out of around $1.3 million in cryptocurrency by North Korean hackers using a conference call scam on Telegram. This new crypto attack comes amid the growing threat posed by AI-assisted fraud in the crypto industry. JP(@jpthor), the co-founder of THORChain and Vultisig, was scammed out of ~$1.3M by North Korean hackers…

Bitwise Forecasts $1.3M Bitcoin as Institutional Giants Could Deploy $5 Trillion

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Bitcoin is on track for explosive institutional adoption, with forecasts pointing toward a potential $1.3 million price by 2035. Bitwise Sees Massive Growth Ahead for Bitcoin Asset management firm Bitwise published its “ Bitcoin Long-Term Capital Market Assumptions: 2025” report last week, providing one of the industry’s most detailed long-term forecasts for the crypto asset. […] Original

Bitwise projects Bitcoin price could reach $1.3M by 2035

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Bitwise Asset Management has released a long-term outlook projecting that Bitcoin price could reach $1.3 million per coin by 2035.  Summary Bitwise projects Bitcoin could hit $1.3M by 2035, with a $28T market cap. Forecast driven by institutional inflows, inflation hedging, and fixed supply. Risks remain from regulation and macro shocks, but long-term trajectory is bullish. In its August capital markets assumptions report, the firm, which manages more than $15 billion in assets, framed this as its base case scenario. The projection translates to an annualized growth rate of 28.3% from…

Bitwise Sees BTC Hitting $1.3M by 2035

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Key takeaways: Bitwise forecasts Bitcoin price to reach $1.3 million by 2035, projecting 28.3% annualized returns that outpace traditional assets. Institutional investors dominate Bitcoin demand, with corporate holdings surging and Strategy leading in accumulation. Limited supply, strong hodling, and macroeconomic pressures create a setup for long-term Bitcoin price growth. Crypto asset management firm Bitwise released new projections for Bitcoin (BTC), forecasting a price target of $1.3 million by 2035, driven by institutional demand and Bitcoin’s limited supply. The report published as part of Bitwise’s ‘Long-Term Capital Market Assumptions’ for Bitcoin…

Canadian Woman Sues After $1.3M in Bitcoin Vanishes in SIM-Swap Scam

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A Canadian pharmacy manager is suing a telecom company and a trading platform after losing 12.58 bitcoins—now worth over $1.36 million—in a sophisticated SIM-swapping scam. Canadian Woman Blames Security Lapse by Telecom Employee for Crypto Loss Canadian woman Raelene Vandenbosch is embroiled in a multi-million dollar legal battle, alleging she lost 12.57969337 bitcoins, now valued […] Original

Colorado Pastor Defends Taking $1.3M From INDXcoin Crypto Sales

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Liquidators demand $1.3m from Three Arrows Capital founders

The liquidators of the bankrupt ‘digital currency’ hedge fund Three Arrows Capital (3AC) seek $1.3 billion from its founders, Zhu Su and Kyle Davies. According to sources, the New York advisory firm Teneo, appointed as liquidators, alleges that the requested amount corresponds to the losses incurred by the duo before the hedge fund’s collapse. In a meeting held on June 27, the liquidators devised strategies for the ongoing liquidation process. Three Arrows Capital liquidators are seeking to recover $1.3 billion from the co-founders of the failed crypto hedge fund https://t.co/ycXkzBs1zy…