Tag: 10M

Bitget pledges $10M for Blockchain4Youth corporate responsibility project

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On May 4, cryptocurrency derivatives exchange Bitget announced it would allocate $10 million over five years for its novel corporate social responsibility project. Dubbed “Blockchain4Youth,” the project will provide blockchain courses and certifications through Bitget Academy and host campus lectures in partnership with universities worldwide. In addition, Bitget staff wrote: “The platform will also collaborate with other leading blockchain firms to incubate innovative projects by young entrepreneurs and host U30 (Under the age of 30) hackathons to identify the most promising ones.” Blockchain4Youth will commence this month with a series…

Fuse blockchain pledges $10M for ecosystem development

On May 3, layer-1 blockchain Fuse announced that it would pledge $10 million to “reinvigorate the Fuse ecosystem and drive growth in multiple areas.” The program, dubbed “Fuse Ignite,” is structured between liquid incentives and grants. As told by developers: “Teams can apply for grants of between $5,000 and $25,000, depending on the focus of their project or service. DeFi projects can apply for incentives designed to boost liquidity and general user activity when deploying on Fuse Network.” Upon application approval, Fuse Ignite operator grants are issued in Fuse Tokens…

FTX investor Temasek pours $10M in algorithmic currency system Array

Singapore’s government-owned investment firm Temasek continues investing in cryptocurrency projects even after losing hundreds of millions of dollars to the collapsed FTX crypto exchange. Temasek has invested $10 million in Array, the developer of an algorithmic currency system based on smart contracts and artificial intelligence. Announcing the news on May 1, Array said that the raise is its second funding round, which is believed to bring the firm’s valuation to more than $100 million. The new Temasek-backed algorithmic currency system aims to provide a more “stable, efficient and scalable” asset…

FTX investor Temasek pours $10M into algorithmic currency system Array

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Singapore’s government-owned investment firm Temasek continues investing in cryptocurrency projects even after losing hundreds of millions of dollars to the collapsed FTX crypto exchange. Temasek has invested $10 million in Array, the developer of an algorithmic currency system based on smart contracts and artificial intelligence. Announcing the news on May 1, Array said that the raise is its second funding round, which is believed to bring the firm’s valuation to more than $100 million. The new Temasek-backed algorithmic currency system aims to provide a more “stable, efficient and scalable” asset…

Bitget pledges $10M for Fetch.ai ecosystem amid ChatGPT boom

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Bitget has pledged $10 million for the development of the Fetch.ai ecosystem, the cryptocurrency derivatives exchange announced on April 27. Fetch.ai provides the infrastructure to build autonomous services. Its core product is the artificial intelligence (AI) agent network, a decentralized network of autonomous agents that can perform various tasks, such as data analysis and complex financial modeling. The project also offers a smart wallet featuring automation and integration with OpenAI’s ChatGPT API. The artificial intelligence chatbot surpassed 100 million users in January 2023, just months after launch.  Commenting on the…

MetaMask denies claims of wallet exploit in ‘massive’ $10M hack

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Cryptocurrency wallet provider MetaMask has denied claims that an exploit of its wallet is the cause of a “massive wallet draining operation” that has claimed over 5,000 Ether (ETH). On April 18, MetaMask tweeted in response to a series of tweets posted on April 17 by Taylor Monahan, the founder of Ethereum wallet manager MyCrypto, who explained an unidentified wallet-draining exploit has stolen over $10.5 million in crypto and nonfungible tokens (NFTs) since December 2022. “Recent reporting on [Monahan’s] thread has incorrectly claimed that a massive wallet-draining operation is a…

Exploit targets crypto veterans, drains over $10M across 11 blockchains

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An as-of-yet unidentified wallet-draining exploit has taken more than $10.5 million in nonfungible tokens (NFTs) and coins since December 2022 from experienced community members who were “reasonably secure.” MetaMask developer Taylor Monahan brought the issue to light and said that at least 5,000 Ether (ETH) had been stolen, but also noted that the extent of the losses has not yet been determined. Monahan highlighted that “no one knows how” the exploit works yet. For the past 48hrs I’ve been unwinding a massive wallet draining operation I don’t know how big…

CoFund tokenizes $10M hotel in Bali via Tokeny

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On Apr. 11, tokenization infrastructure provider Tokeny announced a new partnership with Ethereum real-estate tokenization marketplace CoFund. The deal would enable CoFund to issue regulatory-compliant ERC-3643 security tokens on the Polygon (MATIC) network to tokenize a $10 million hotel in the Indonesian island resort of Bali.  According to Tokeny, investors can own a piece of the hotel starting with a minimum investment of $1,000. Luc Falempin, CEO of Tokeny, commented: “Simple ERC20 tokens and NFTs don’t meet compliance needs. Our technology platform leverages the ERC-3643 token standard to ensure our…

Information Protocol RSS3 Raises $10M via Token Sale to DWF Labs

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