Tag: Million

DigiToads’ presale on track to raise $5 million despite bitcoin dip

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied While the bitcoin (BTC) market corrects, DigiToads (TOADS), an emerging meme coin, is on the road to breaking $5 million in its presale stage.  The market conditions are uncertain, but DigiToads has remained resilient and consistently shown an upward trend. This has resulted in investor confidence, which may increase interest in meme coins. This bullish trend and its engaging approach may propel DigiToads beyond traditional cryptocurrency boundaries, marking it an alternative for those looking to diversify…

Marathon Digital Holdings mined $33.8 million of bitcoin in May

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Marathon Digital Holdings, Inc., a bitcoin mining and blockchain technology company, shared updates regarding its bitcoin production and mining operations for May 2023. The firm also revealed that it mined 1,245 bitcoin (BTC) in May, a 77% increase from April and a 366% jump compared to May 2022. The company increased its operational hash rate by 9% to 15.2 exahashes per second (EH/s) and raised its installed hash rate by 13% to 20.1 EH/s. These augmentations…

Crypto influencer on TikTok pleads guilty to $1.2 million fraud

A former TikTok crypto influencer has been forced to forfeit a gold physical bitcoin and more than $17,000 in cash after pleading guilty to wire fraud, aggravated identity theft, and money laundering charges. TikTok star splurged stolen cash on crypto Denish Sahadevan, also known as Danny Devan on social media, reportedly ran an elaborate scheme through which he defrauded lenders and the Small Business Administration (SBA) of over $1.2 million in funds from the Paycheck Protection Program (PPP) loans and Economic Injury Disaster Loans (EIDL). The U.S. Attorney’s Office for…

Baidu Launches $145 Million VC Fund to Back AI Startups

Chinese multinational tech company Baidu is launching a well-heeled fund to support AI development and growth.  Baidu (NASDAQ: BIDU) appears set to launch a 1-billion yuan ($145 million) venture capital artificial intelligence (AI) fund to support AI startups. Today, the Chinese tech giant announced its AI fund intentions alongside other related initiatives. In addition to supporting platforms focused on artificial intelligence-generated content, Baidu also plans to launch a contest promoting its own AI product. The Beijing-based tech company explained that the competition would see developers creating applications using its Ernie large language model…

Web3 Payments Startup Transak Raised $20 Million in Series A Funding

Transak said that the funds raised will go towards global expansion by building onboard solutions, financial applications, as well as Web3 games. Web3 crypto startups have been recently on the radar of investors and have been raising funds even in the current macro scenario. On Tuesday, May 30, Web3 payments startup Transak announced raising $20 million in a Series A funding round led by early-stage venture capital firm CE Innovation Capital. The renewed capital shall go towards a continued global expansion by building onboard solutions, financial applications, as well as…

Worldcoin Emerges as Largest Deployer of Safe Wallets on Polygon Blockchain, Onboards 1.2 Million Self-Custodial Safe Smart Accounts

Worldcoin, the cryptocurrency project led by Tools for Humanity, has achieved significant milestones in its mission to drive adoption and empower users within the blockchain space. As reported on their official Twitter account, World App has emerged as the largest deployer of Safe wallets on the Polygon(Matic) blockchain. This achievement highlights the platform’s dedication to facilitating secure and self-custodial transactions. Additionally, a tweet from Worldcoin states that they have successfully onboarded an impressive 1.2 million self-custodial Safe Smart Accounts, further solidifying their position as a key player in the blockchain…

There are now nearly 10 million holders of Reddit NFTs

Dune Analytics data shows that nearly 10m users own “Reddit NFTs” on Polygon, an Ethereum sidechain. Reddit NFT holders rising Released in July 2022, the customizable collection by Reddit, a social media platform, has gained significant traction. According to on-chain data, there are 9,947,410 Reddit non-fungible tokens (NFTs) holders. Of these holders, approximately 7.7 million are single collective avatar holders. These are holders with a single avatar and do not use multiple wallet addresses. The Reddit collectible avatar marketplace on Polygon features NFTs designed by independent artists and content creators within the…

Nike NFT Sale Surmounts Technical Issues to Hit $1 Million in Revenue

Although the first round was originally proposed to last for only two days, technical glitches and delays caused it to drag through nine days. Technical issues and unprecedented delays could not deter Nike NFT, OF1 collection, from setting mind-blowing records with its highly-anticipated sale. This follows after the NFT sale, which began just over a week ago, is reported to have officially raked in over $1 million. Debuting on Nike’s .SWOOSH Web3 platform, Our Force 1 (OF1) collection began selling on May 15. That was about a week later than…