EY invests $100 million to expand blockchain product suite, launches DeFi contract simulator

“Big Four” accounting firm, Ernst & Young Global Limited, or EY, is continuing to invest heavily in blockchain, investing $100 million into engineering and developing distributed ledger technologies for a range of enterprise applications. On May 17, EY revealed its second-generation of Smart Contract & Token Review tools through its EY Blockchain Analyzer product suite, including a testing studio allowing simulated smart contract execution for complex decentralized finance, or DeFi, applications. “The new iteration supports multiple new capabilities that are expected to be used in complex DeFi contract ecosystems,” EY…

Chinese Police Return Bitcoin to Victim in 3 Million Yuan Theft Case – Featured Bitcoin News

Police in China’s Jiangxi province have reportedly recovered bitcoins stolen from a victim and returned them to the owner. The case involves the theft of 8.236 bitcoins, worth approximately 3 million yuan. Police Return Bitcoin to Theft Victim Police in China’s Jiangxi province have reportedly solved a case involving the theft of bitcoins worth almost 3 million yuan ($466,000), local media reported this week. A man, referred to only by his last name Shan, filed a police report stating that he was unable to access his email account linked to…

Thai Public Company Brooker Group Invests $6.6 Million in Bitcoin – Featured Bitcoin News

The Brooker Group has reportedly become the first publicly listed company in Thailand to hold bitcoin on its balance sheet. The company has disclosed that it has bought 122.3158 bitcoins worth $6.6 million or 200 million baht. Thai Public Company Invests in Bitcoin The number of public companies investing in bitcoin is growing worldwide. In Thailand, The Brooker Group (BROOK) has become the first listed company in the country to announce its cryptocurrency holdings, the Bangkok Post reported Thursday. The Brooker Group provides independent advisory services to private and public…

Delphi Digital forms $5 million NFT investment ‘syndicate’

Delphi Digital, a multi-service cryptocurrency investment, consulting, and research firm, has announced today the launch of “Delphi INFINFT,” a new investment wing focused on NFTs and the NFT ecosystem. Per a post of Twitter, the fund will invest upwards of $5 million into “NFT marketplaces, DAOs, social tokens, fractionalization, NFT infrastructure, and any other new developments that may arise during the syndicate’s investment cycle,” and the team will be bolstered by noted NFT collector “gmoney.” 0/ Our team is thrilled to announce the launch of the world’s first on-chain NFT…

Big Time Studios Aims to Bring NFTs to the Masses, Set to Raise $21 Million in Funding – Blockchain Bitcoin News

The Los Angeles-based company Big Time Studios has announced the company is set to raise $21 million in two funding rounds backed by a number of investors. The company’s founder Ari Meilich was the CEO and co-creator of the Ethereum metaverse Decentraland. Big Time Studios aims to bring non-fungible token (NFT) assets to the billion-dollar gaming industry. Multiplayer NFT Game Maker Big Time Studios to Raise $21M in Funding A Decentraland founder who started the firm Big Time Studios wants to bring NFT solutions to the popular gaming universe. This…

Microstrategy Grabs $15 Million More Bitcoin — Now Holds 91,850 BTC in Treasury – Featured Bitcoin News

Nasdaq-listed Microstrategy has bought the dip and purchased $15 million more bitcoins, taking advantage of the falling price for the cryptocurrency after Tesla CEO Elon Musk revealed that his company has suspended accepting bitcoin for payment. Microstrategy now holds about 91,850 bitcoins. Microstrategy announced Thursday that it has purchased $15 million more in bitcoin. CEO Michael Saylor tweeted: Microstrategy has purchased an additional 271 bitcoins for $15.0 million in cash at an average price of ~$55,387 per bitcoin. In the company’s filing with the U.S. Securities and Exchange Commission (SEC),…

NYDIG Survey Shows That 46 Million Americans Hold Bitcoin

A survey conducted by bitcoin financial services firm New York Digital Investment Group (NYDIG), revealed that about 46 million Americans have invested in bitcoin.  Americans are Interested in Bitcoin According to Newsweek on Tuesday (May 11, 2021), the NYDIG survey sampled 1,050 U.S. customers who earned a minimum income wage of $50,000 annually. The pool had a margin of error of 3.1% and was carried out by SurveyMonkey back in March 2021.  Based on the survey, the 46 million Americans who owned bitcoin constituted about 17 percent of the U.S.…

Do 46 million Americans really own crypto?

Crypto social media was abuzz after Newsweek published the article headlined “46 Million Americans Now Own Bitcoin, As Crypto Goes Mainstream” on May 11. The impressive figure was re-posted by notable Bitcoiners including MicroStrategy CEO Michael Saylor who tweeted: “The finance industry is taking crypto mainstream by building Bitcoin into their insurance, banking, & investment products. Newsweek says 46 million Americans now own Bitcoin.” The finance industry is taking crypto mainstream by building #Bitcoin into their insurance, banking, & investment products. @Newsweek says 46 million Americans now own Bitcoin.https://t.co/Wj6Ymk0hYU —…

Bitget Launches Platform Token BFT Activities to Share 2.2 Million BFT

As the world’s top five derivatives exchange, Bitget has attracted a large number of users with its high-quality contract products and smooth user experience, and currently supports 22 currency transactions. The Bitget exchange announced that it will launch activity to deposit and trade BFT to win the BFT from May 10th to May 17th(UTC+8). The total prize pool includes 2.2 million BFT and 1,600USDT contract trial fund. In order to encourage more users to participate in the construction of Bitget token ecosystem, during this event, all users participating in BFT…

Rari Capital falls victim to $11 million exploit

After a $11 million attack earlier today, Rari Capital is the latest decentralized finance (DeFi) protocol to fall victim to a high-priced exploit  The platform, which builds optimized yield vaults and boutique lending pools, confirmed the attack in a Tweet and said that a full postmortem is forthcoming: There has been an exploit in the Rari Capital ETH Pool related to our @AlphaFinanceLab integration. The rebalancer has removed all funds from Alpha in response. We are currently investigating the situation and a full report will be shared once everything is…