Bank of Englandโ€™s PRA raises budget $31M for โ€˜emerging risksโ€™ like crypto

The Bank of Englandโ€™s regulatory arm has raised its budget by $31.6 million (ยฃ24.3 million) for the coming financial year saying that costs have increased due to its growing responsibilities and preparations for โ€œemerging risks in the financial systemโ€. According to the latest business plan released on Wednesday April 20 by the Prudential Regulation Authority (PRA) its budget for the 2022/23 financial year is ยฃ320.9 million ($418 million), an 8.2% increase from last year. The PRA Chief Executive Sam Woods outlined its plan for the year ahead saying it was:…

Canadaโ€™s WonderFi Bulks Up Further With Planned $31M Acquisition of Coinberry Crypto Exchange

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$31M drained from MonoX and BadgerDAO losses top $120M

More than $150 million has been lost this week in separate security breaches at DeFi projects MonoX and BadgerDAO. Multi-chain decentralized exchange (DEX) MonoX (MONO) suffered a cyber attack on Nov. 30 leading to about $31 million in losses. BadgerDAO (BADGER) suffered a front-end attack that was discovered on Dec. 2 with estimates of Badgerโ€™s losses hitting more than $120 million. The MonoX DEX platform suffered a single attack on Nov. 30. In this attack, a bug in the smart contract allowed for a discrepancy to exist between prices of…

A16z Leads $3.1M Funding Round for Memโ€™s Social Media Protocol

โ€œSome of the core attributes of Web 3 โ€“ such as openness, decentralization and user control โ€“ are perfectly suited for a new type of social networking platform thatโ€™s optimized around the user. Thatโ€™s the promise we see in Mem, and weโ€™re thrilled to partner with them to help build the Web 3 social graph,โ€ said Arianna Simpson, general partner with Andreessen Horowitz. Source

Alchemix raises $3.1M to build DeFi lending backed by future income

New decentralized finance project Alchemix Finance has raised a strategic $3.1 million round from notable crypto investments funds and angels. The round was led by Spartan Capital, the investment arm of crypto consulting firm The Spartan Group. Delphi Ventures, Nascent, CMS Holdings, Maven 11, Genesis Block Ventures participated in the round as well. Several angel investors joined in as well, including Jason Choi, general partner at The Spartan Group. Alchemix also raised $4.9 million in an over-the-counter token sale deal led by CMS Holdings and Alameda Research. The Alchemix project…

Samson Mow’s Infinite Fleet Game Raises $3.1M on BnkToTheFuture

Pixelmaticโ€™s Infinite Fleet space adventure game raised more than $3 million within 24 hours from investors including Adam Back and Charlie Lee. According to a statement from Pixelmatic, shared with Cointelegraph, the game created by Blockstream CSO and Pixelmatic CEO Samson Mow raised $3.1 million on global online investment platform BnkToTheFuture through sales of its EXO token. A private funding round led by Litecoin (LTC) creator Charlie Lee, Blockstream CEO Adam Back, and Max Keiser, host of the Keiser Report went beyond Pixelmaticโ€™s $3 million goal after an allocation on…

Charlie Lee, Adam Back Lead $3.1M Private Token Raise for Blockchain Game ‘Infinite Fleet’

Online space strategy game โ€œInfinite Fleet,โ€ developed by Pixelmatic, has raised $3.1 million through a private security token offering (STO). Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link