Tag: 10M

Semafor to Buy Back $10M Investment from SBF

Besides media platforms like Semafor and The Block, political organizations that were major beneficiaries of Bankman-Fried’s benevolence are also scrambling to wash their hands clean. Media platform, Semafor is set to buy back the $10 million cash injection it received from Sam Bankman-Fried (SBF), the embattled founder and former Chief Executive Officer of the now-bankrupt cryptocurrency exchange, FTX. As reported by the New York Times (NYT), Semafor plans to raise funding from other external sources in a bid to cushion the amount it plans to use to buy back the…

Bitcoin Miner Terawulf Raises $10M in Fresh Capital to Pay Down Debt, Restructures Deal With Bitmain – Mining Bitcoin News

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On Monday, Dec. 12, 2022, the Maryland-based bitcoin mining company Terawulf announced that the firm has raised $10 million in capital to pay down debts. The firm also said that it restructured a deal with Bitmain which will enable the company’s self-mining capacity to expand and fully leverage the 160 megawatts of Terawulf’s available mining capacity. Terawulf Raises $10 Million in New Capital, Restructured Bitmain Deal Will Give the Firm 8,200 ASIC Mining Rigs Bitcoin miners have been struggling this year as the price of bitcoin (BTC) has reduced profits…

DeFi protocol raises $10M from Bitfinex, Ava Labs despite turbulent market

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The ongoing crypto bear market has proven itself to be a builders market as investments continue to find projects with promise. Onomy, a Cosmos blockchain-based ecosystem, just secured millions from investors for the development of its new protocol. The project merges decentralized finance (DeFi) and the foreign exchange market to bring the latter on-chain. According to the developers, the latest funding round garnered $10 million from big industry players such as Bitfinex, Ava Labs, the Maker Foundation and CMS Holdings among others. Lalo Bazzi, co-founder of Onomy, said the underlying…

Ohio Investment Manager Arrested for Allegedly Running a $10M Cryptocurrency Ponzi Scheme

Giri allegedly misled investor by promoting himself as an expert cryptocurrency trader with a specialty in bitcoin derivatives. According to the indictment, Giri falsely promised investors lucrative returns on the money they invested with him, with no risk to principal. In reality, he used funds from previous investors to pay off new investors in a classic Ponzi scheme set-up. Source

Damien Hirst burns $10M in art: Nifty Newsletter, Oct 5–11

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Racing league Formula One is positioning its brand in Web3 as it files trademark applications for “F1” covering crypto and NFTs. In this week’s newsletter, read about how the racing brand Formula One is planning to position itself in Web3 and how nonfungible tokens (NFTs) will transform betting on upcoming athletes. Check out how GameFi can provide the unemployed with a new means to earn and find out how the wealthiest British artist alive burned $10 million in artworks to complete his NFT project. And, don’t forget this week’s Nifty…