“Devin [Finzer], Alex and the entire OpenSea team have shown incredible tenacity and grit over the past four years in taking their original idea for an NFT exchange to where it is today,” Hollander said in a statement. “I’m excited to focus on scaling OpenSea’s tech to meet the reliability, performance, and uptime benchmarks its users expect and deserve.” Source
Gartner, an advisory firm, has predicted that criminal cryptocurrency transactions or transfers will fall by 30% by 2024. The firm says factors such as the transparency of the blockchain, as well as the democratization of fraud prevention tools, will contribute to this decline in such transactions. Blockchain Transparency Despite the surge in the value of crypto-related crimes recorded in the past year, Gartner, a business advisory firm, predicts that “successful cryptocurrency thefts and ransomware payments will drop by 30%” in two years’ time. According to Gartner, such a drop will…
nCore co-founder Vishal Gondal is however optimistic that Web 3 products can make inroads through additional incentives on offer. “Currently when you’re playing a game, the maximum upside for you was to become part of some community. Now while you’re playing the game, you also have the chance to own the value of the game,” he said to Tech Crunch. Source
Cryptocurrency accounting and data company Lukka said it had raised $110 million in a new funding round led by hedge fund giant Marshall Wace. In a Friday announcement, Lukka said it had completed a $110 million Series E funding round led by Marshall Wace, with participation from Soros Fund Management — a fund created by billionaire investor George Soros — Liberty City Ventures, S&P Global, and accounting advisor CPA.com. Lukka said it planned to use the funds for “aggressive growth and global expansion strategy” with its current customer base dealing…
On January 11, 2022, the Washington-based bitcoin mining operation Luxor announced the launch of a new application-specific integrated circuit (ASIC) trading desk. According to the company, Luxor’s new trading desk will give miners and investors access to bitcoin ASIC mining rigs “at a fair market price.” NYDIG-Backed Mining Operation Luxor Reveals ASIC Trading Desk Service The bitcoin mining firm Luxor aims to purchase and sell bitcoin mining machines via the company’s new ASIC trading desk service. The press release published on Luxor’s web portal explains that the company “will purchase…
According to a recent interview, trial lawyer Kyle Roche from the legal firm Roche Freedman LLP has started a tech startup called Ryval that aims to be “the stock market of litigation financing.” The firm plans to launch during the first quarter and allow people to leverage tokens in order to wager on civil lawsuits. Ryval’s Initial Litigation Offering Concept The trial lawyer Kyle Roche was recently interviewed by the Vice author Maxwell Strachan as Roche’s new tech startup Ryval was showcased for its litigation tokenization concept. Ryval co-founder Roche…
CryptoX – Cryptocurrency Analysis and News Portal London-based global payments processor Checkout.com has raised $1 billion in Series D funding at a $40 billion valuation. The funding will help drive three key initiatives: U.S. market growth, continued evolution of the technology platform and Web 3 efforts. Source The post Checkout.com, Backend Firm for Crypto Giants, Raises $1B, Eyes Web 3 Push appeared first on CryptoX. CryptoX Portal
TCS Group, the owner of the major private Russian bank Tinkoff, is gaining exposure to digital assets. The firm has invested in Swiss digital asset service provider Aximetria, which is set to become the company’s first major crypto-related outfit, local news agency The Bell reported Wednesday. Citing data from Aximetria, the report suggests that TCS purchased 4,449 Aximetria shares worth 100 Swiss francs ($108) per share. Given that Aximetria’s total share capital was about 535,000 francs ($578,000), the publication reported TCS’ stake to be around 83.2%. A spokesperson for Tinkoff…
Business It’s the first outside investment for the electronic trading giant, which is now valued at roughly $22 billion. By Tanzeel Akhtar Jan 11, 2022 at 2:36 p.m. UTC Updated Jan 11, 2022 at 2:36 p.m. UTC Citadel Securities chairman Ken Griffin (Michael Kovac/Getty Images) Source
Business Valdy has acquired all outstanding shares in INX, concluding the C$39.6 million ($32.2 million) private placement that INX previously raised. By Jamie Crawley Jan 11, 2022 at 12:28 p.m. UTC Updated Jan 11, 2022 at 12:28 p.m. UTC Canadian Dollar (Shutterstock) Source