Irish Charity Receives $1.1 Million Grant to Build Blockchain Platform for Aid Distribution

Oxfam Ireland, a Belfast-based charity fighting global poverty, has received a €1 million ($1.1 million) grant to fund the next phase of a blockchain aid distribution project. 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

OKGroup Leads USD$2 Million Pre-IPO Investment Round in Fiat-to-Crypto Payment Service Provider (PSP), Banxa – Blockchain News, Opinion, TV and Jobs

World-leading blockchain technology and service provider focused on the research and development of the technology and its all-scenario applications OK Group, has completed its USD$2 million Pre-IPO investment round into Banxa,  a full-service, internationally compliant digital banking infrastructure provider. Domenic Carosa, Founder and Chairman of Banxa said: “After almost six years in the blockchain industry, our goal remains the same––to champion a fairer, more open and more secure financial system for the benefit of consumers and businesses alike. We are currently in the final stages of a TSX.V listing which…

Bitcoin, Crypto Owners Surge 1.1 million In UK Industry Boost

In a boost to bitcoin and the wider crypto industry, the UK ‘s financial watchdog says ownership has spiked by a massive 1.1 million since a survey it carried out a year ago. The UK’s Financial Conduct Authority (FCA) found that a total of 2.6 million people have bought a cryptoasset. The most popular holdings are: Bitcoin 63%Ether 33%Litecoin 22%Dai 6%Tether 3%USDC 3% 2,681 took part in the survey, which was conducted by YouGov. Around 1.9 million consumers are estimated to still be holding the crypto that they bought. Of…

South African Solar Energy Blockchain Startup Raises $3 Million, Plans to Expand Across Continent

South African blockchain peer-to-peer renewable energy platform Sun Exchange obtained a $3 million investment from ARCH Emerging Markets Partners, thereby closing its $4 million Series-A funding round, according to a statement issued today. Sun Exchange allows international clients to buy remotely-located solar cells — either with Bitcoin (BTC) or South African Rand — and then lease them to power businesses and organisations in emerging markets. Abe Cambridge, the startup’s CEO and founder, told Cointelegraph: “Solar cell owners earn income from the electricity that’s generated, while schools, businesses, clinics and other…

Over $10 Million Liquidated as Bitcoin Surges 5% Higher Ahead of Weekly Close

After plunging on Sunday morning, Bitcoin has mounted a strong comeback over the past two hours that has seen it reverse the earlier losses. In the past 30 minutes, the cryptocurrency has rallied from $9,540 to a high of $9,800 — a 2.7% move. And since the daily lows of ~$9,370, the asset is up just shy of 5%. The rally to $9,800 comes just hours ahead of the close of BTC’s weekly chart candle. Bitcoin price chart over the past day from TradingView.com. Traders were largely caught off guard…

US Government Puts Out $5 Million Bounty for Petro Supervisor

The United States government has put Joselit Ramirez Camacho, the Venezuelan government’s superintendent of the Petro cryptocurrency, on its Most Wanted List. According to a June 1 statement, the Homeland Security Investigations branch of the U.S. Immigration and Customs Enforcement agency issued a bounty for up to $5 million for any information that would lead to the capture of Petro’s supervisor. This was done following an investigation by the HSI’s New York office.  The authorities allege that Ramirez Camacho has “deep political, social and economic ties” to suspected narcotic kingpins,…

Bitcoin Erupts Past $10,000 After Consolidation: $90 Million Liquidated on BitMEX

Bitcoin has finally done it. Minutes ago, the asset rocketed past $10,000 for the first time in weeks, reaching as high as $10,250 in a massive surge upward. This was a more than 7% jump from where the cryptocurrency was trading prior to the move. Traders were largely unaware that this move was going to happen. As a result, data from Skew.com shows that more than $80 million worth of short positions were liquidated on BitMEX alone. These shorts were liquidated within the span of an hour, and these numbers…

$10 Million Burned on BitMEX Shorts as Bitcoin Surges to $9,700

Just hours after Ethereum rocketed higher, so too has Bitcoin. The leading cryptocurrency recently reached $9,750, the highest price BTC has traded at in over a week. $9,750 is just over 13% higher than last week’s lows of $8,600, established as miners were seemingly dumping their coins in response to the May 11th block reward halving. Bitcoin price chart from Tradingview.com Due to the timing of the move, it seems that Bitcoin is being dragged up by Ethereum. As shared in a previous market update, the prominent altcoin is up…

BitClave Seems Unlikely to Ever Pay $29 Million Settlement

A company once heralded as a “decentralized alternative” to Google recently settled with the SEC. BitClave suffered a near-immediate collapse in price The project’s token price collapsed almost immediately upon change listing and never recovered. Seemingly the dream of a “decentralized” Google never materialized. The company’s website does not have a link to a GitHub repository. CAT Token Price, Volume & Market Capitalization. Source. Coin360. The company was headquartered in San Jose, California, which may have increased its vulnerability to regulator enforcement. Considering that its market capitalization has collapsed and…

NYC Hacker Charged Over $94 Million Bitcoin-for-Cards Scheme

New York City resident Vitalii Antonenko was charged for allegedly participating in a $94 million Bitcoins-for-cards scheme, according to a May 27 statement from the United States Attorney’s Office for the District of Massachusetts. He is now facing up to 20 years in jail and $500,000 in fines. Antonenko was arrested in March 2019 at New York’s John F. Kennedy International Airport after he arrived there from Ukraine carrying devices “that held hundreds of thousands of stolen payment card numbers”.  According to the prosecution, the suspect and his co-conspirators used…