Tag: Firm

Security firm dWallet Labs flags validator vulnerability that could affect $1B in crypto

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Blockchain security firm dWallet Labs recently disclosed a vulnerability that they claim could affect up to $1 billion worth of crypto, with assets such as Ether (ETH), Aptos (APT), BNB (BNB) and Sui (SUI) at risk. In a paper sent to Cointelegraph, dWallet Labs reported a potential vulnerability in validators hosted by an infrastructure provider called InfStones. According to dWallet Labs, they started a research paper on attacking blockchain networks and collecting private keys with Web2 attacks. During this research, dWallet Labs said, they discovered vulnerabilities in InfStones validators. They…

Bitcoin Mining Services Firm Luxor Starts Logistical Services to Make Shipping of BTC Mining Rigs Faster

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The new unit, Luxor Logistics, will focus heavily on streamlining complex customs regulations in different regions by customizing transportation and delivery services, lowering the time required for shipping mining rigs for miners. “With the variety of import/export regulatory demands across different regions, Luxor positioned itself as a knowledgeable and valuable partner, helping miners to navigate the complex landscape of customs and documentation,” Lauren Lin, Luxor’s director of business development, told CoinDesk in a statement. Original

Kronos Trading Firm suffers security breach, losses $25m

Taiwan-based trading firm Kronos Research recently suffered a major security breach, leading to estimated losses of $25 million. According to the company, the security breach involved the unauthorized access of API keys, leading to a loss of around 13,007 ETH, valued at $25 million at the time. Kronos disclosed the incident on Nov. 18 via a post on social media. In the interest of transparencyAround 4 hours ago, we experienced unauthorized access of some of our API keys. We paused all trading while we conduct an investigation. Potential losses are…

Tech firm Republic taps Avalanche for profit-sharing investment note

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Neo-investment and technology firm Republic plans to issue a blockchain-based security token that will pay dividends to retail investors from profits across its broad portfolio of investment holdings. The Republic Note is a profit-sharing digital asset that will be launched on the Avalanche blockchain, which accrues profits generated from Republic’s wide-ranging investment portfolio and services. Republic has attracted over three million investors and has deployed over $2.6 billion into various ventures, including the likes of Web3 firms Avalanche, DappRadar and Dapper Labs. Republic has already carried out a presale round…

Crypto Payment Firm Strike Enables Bitcoin Purchases for Users Worldwide

Strike initially rolled out the BTC purchase feature for customers in the United States, allowing only users in the country to buy the crypto asset at no cost. Crypto payment company Strike has expanded its global services, allowing users in 36 countries, including El Salvador, Australia, and some African nations, to purchase Bitcoin (BTC) directly on the platform using their debit cards. In a recent announcement, the firm revealed plans to extend these services to over 65 countries in the future. The global purchase feature is already available to iOS…

Goldman Sachs Leads Blockchain Firm Fnality Raise of $95M

Fnality, a fintech firm building tokenized versions of major currencies collateralized by cash held at central banks, has raised $95 million in Series B funding led by Goldman Sachs and BNP Paribas. DTCC, Euroclear, Nomura and WisdomTree participated in the round, which also saw further commitment from a number of institutions that backed Fnality’s $63 million fundraise back in 2019: Banco Santander, BNY Mellon, Barclays, CIBC, Commerzbank, ING, Lloyds Banking Group, Nasdaq Ventures, State Street, Sumitomo Mitsui Banking Corp. and UBS. Source

Foresight Ventures Takes Majority Stake in Crypto Media Firm The Block

Foresight Ventures sees the acquisition as an opportunity to establish a significant foothold in the US and contribute to The Block’s growth amidst challenges in the crypto media industry. Singapore-based Foresight Ventures has completed the acquisition of a majority stake in The Block, a prominent crypto news and data provider. The deal, which valued the company at $70 million, marks a significant move for Foresight Ventures, an investment organization specializing in blockchain technology and crypto business. The Block’s Acquisition Deal With Foresight Foresight Ventures, which manages $400 million in assets,…

Goldman Sachs leads $95M funding round for blockchain payment firm Fnality — Report

Global investment bank Goldman Sachs and French universal bank BNP Paribas have reportedly led a new funding round for Fnality, a blockchain-based wholesale payments firm backed by Nomura Group. Fnality has raised 77.7 million British pounds ($95.09 million) in a second round of funding, Reuters reported on Nov. 13. In addition to Goldman and BNP Paribas, the fund raise involved participation by settlement houses like Euroclear and Depository Trust and Clearing Corporation. Other investors included the global exchange-traded fund firm WisdomTree and Fnality’s existing investor Nomura. There was also additional…

Stablecoin firm Tether minted 4B USDT in 4 weeks: Data

Major stablecoin issuer Tether has been increasingly minting new USDT (USDT) tokens, issuing 4 billion USDT over the past month. Tether issued another 1 billion of Tether on the Tron blockchain on Nov. 10, the blockchain data provider Whale Alert reported. The latest USDT minting came just a few days after Tether issued another 1 billion USDT on Ethereum on Nov. 9, in addition to 2 billion USDT issued in two batches on the Tron blockchain on Nov. 3 and Oct. 19, according to Whale Alert data. Tether chief technology…