Tag: Million

SEC Demands $700 Million Settlement From Ripple, Pro-XRP Lawyer Reveals Next Steps

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The US Securities and Exchange Securities Commission (SEC) and Ripple Labs are expected to proceed to finalize a settlement following the official dismissal of the former’s claims against Ripple’s CEO Brad Garlinghouse and its co-founder Chris Larsen. In line with that, pro-XRP legal expert John Deaton has revealed how the settlement will play out.  A Settlement Isn’t Going To Be Straightforward In a post shared on his X (formerly Twitter) platform, Deaton mentioned that he doesn’t believe “there has been a single serious conversation regarding settlement” between the SEC and…

This Brand New Meme Coin Just Raised $11 Million In A Firesale With No Roadmap

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The cryptocurrency space is indeed full of surprises. Recently, an emerging meme coin called $MEME, which has no roadmap or utility has already raised over $11 million in its ongoing firesale. Memecoin (MEME) Achieves A Major Milestone With Firesale MEME is an Ethereum-based memecoin that operates under the ERC-20 network, with a total supply of 69 billion MEME tokens. The token was designed by a web3 startup called Memeland and launched by the team that worked on 9GAG. According to the Memecoin fire sale page, the brand new meme coin…

Vitalik Buterin participates in $6 million funding round for Nocturne 

As per an Oct. 25 post on X, Nocturne, a protocol enabling private, composable accounts on Ethereum, announced Bain Capital Crypto and Polychain would be leading their multi-million seed round. The round will be co-led by Bain Capital Crypto and Polychain with participation from Vitalik Buterin, the founder of Ethereum. Support from many known names In a follow up post, Nocturne shares that other participants in the funding round include Bankless Ventures and Robot Ventures, alongside angel participants such as Tim Beiko from the Ethereum foundation, Aaron Henshaw, the Head…

Uniswap Foundation’s Unexpected $43 Million Token Sale: What’s Going On?

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The spotlight has recently turned towards the Uniswap Foundation following notable shifts in its holding patterns. Uniswap Foundation, which backs the development and expansion of the Uniswap (UNI) protocol, made headlines for its sale of the platform’s native tokens.  Uniswap’s UNI token has maintained its position as a prominent digital asset in decentralized finance (DeFi). Yet, the recently reported sale by the foundation responsible for its proliferation raises questions regarding its long-term strategy and the implications for the wider UNI ecosystem. $43 Million Uniswap Token Sale Capture Attention Recent data…

Is War Pushing Bitcoin To $1 Million? Arthur Hayes Weighs In

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Arthur Hayes, the former CEO of BitMEX, a prominent cryptocurrency exchange, has recently shared his viewpoint, signaling a watershed moment for Bitcoin (BTC). With a world grappling with heightened geopolitical tensions and economic uncertainties, Hayes has delved into how these macro factors can impact the trajectory of Bitcoin. His recent blog post, “The Periphery,” casts light on the potential future Bitcoin is hinting at. Wartime Economics And Bitcoin’s Rise Hayes underscores the geopolitical risks posed by the United States’ growing involvement in two new wars. According to the former CEO…

4th Consecutive Week Nets $66 Million

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The digital assets markets experienced a consecutive fourth week of inflows from institutional investors. CoinShares data shows that a portion of the momentum observed can be attributed to an increasing expectation for the authorization of a spot Bitcoin Exchange-Traded Fund (ETF) in the United States. The aggregate value of assets under management (AuM) has experienced a notable surge, reaching $33 billion, denoting a 15% growth rate since the beginning of September. Nevertheless, investors are displaying a greater degree of prudence compared to their response to Blackrock’s announcement in June. The latest…

Ethereum ICO Participant Wakes Up After 8 Years, Moves $3 Million In ETH

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The Ethereum initial coin offering (ICO), which took place in 2014, represents one of the most significant events in the history of cryptocurrency. As the network had not begun generating tokens autonomously, the ICO event allowed early investors and enthusiasts to accumulate ETH, currently the second-largest cryptocurrency by market cap. Latest on-chain data shows that one of the ICO participants has become active for the first time in more than eight years, transferring their pre-mined stash of Ether tokens to different addresses on Saturday, October 21.  💤 A dormant pre-mine…

FBI Busts Indian Citizen Group For $15 Million Crypto-To-Cash Money Laundering Scheme

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In a recent crypto investigation, the US FBI successfully infiltrated a group of Indian citizens suspected of engaging in illicit activities involving the exchange of cryptocurrency for over $15 million in cash.  The alleged transactions took place at various locations in Westchester County, with the group catering to customers seeking anonymity for their activities. Crypto Crime Unveiled According to recent reports, five out of the six suspects were apprehended on October 17 and subsequently charged in US District Court, White Plains.  The charges primarily revolve around operating an unlicensed money-transmitting…

ARK Invest’s Cathie Wood Reveals Why Bitcoin Will Reach $1.48 Million

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ARK Invest CEO Cathie Wood is no stranger to Bitcoin predictions given that the asset manager has previously said that BTC will go to $500,000 and even reach $1 million. As always, Wood remains steadfast in her Bitcoin predictions, coming out once more with an even more daring figure for the pioneer cryptocurrency. Cathie Wood Says Bitcoin To $1 Million Cathie Wood, who is the founder and CEO of ARK Invest, an investment firm with over $6 billion in assets under management (AUM) has come forward with a new price…

DTCC acquires blockchain startup Securrency in a $50 million deal

The Depository Trust & Clearing Corp. (DTCC) has acquired blockchain startup Securrency Inc. for an estimated $50 million, marking its first buyout in a decade and signaling a significant push into blockchain-based financial services. In a strategic initiative to enhance its blockchain technology offerings, the Depository Trust & Clearing Corp. (DTCC) has confirmed its acquisition of Securrency Inc., a Maryland-based blockchain startup. Reports from Bloomberg suggested that the deal is valued at approximately $50 million. This marks DTCC’s first acquisition since 2013. Frank La Salla, CEO of DTCC, highlighted that…