Tag: Million

Optimism To Sell 116 Million OP Tokens Via Private Sale:

Optimism has revealed its plans to sell 116 million OP tokens to seven private buyers. According to the update, this sale is for treasury management tokens.  Based on current prices, this sale will transfer approximately $159 million worth of OP tokens to the buyers. Given the sheer amount of the sale, some traders believe it will likely cause a decline in OP’s price. Optimism Announces Sale OF 116 Million OP Tokens Following Third Airdrop Event  In detail, Optimism posted a community update on September 20 on selling approximately 116 million…

Bearish Signal? Bitcoin Whale Wakes Up From 6-Year Slumber And Transfers $56 Million

boss

Movement of dormant Bitcoin addresses has been sporadic this year, with most causing a stir and rising interest amongst the Bitcoin community. In the latest record of whale transactions this year, on-chain data has shown that a set of dormant Bitcoin from 2017 has moved for the first time in six years.  Peckshield, a blockchain security and data analytics firm, revealed in a tweet that the previously inactive address, which held 2,100 BTC has just become active, with its assets now transferred to a different address.  Whale Wakes Up From…

Ripple Stirs Debate By Shuffling $260 Million In XRP: Why?

boss

Ripple Labs has once again become the focus of much scrutiny and debate within the XRP community. Recent data points to a series of high-volume XRP transactions totaling 506 million tokens, valued at approximately $260 million, carried out over the span of 19 days. What makes these transactions especially noteworthy is not just their sheer volume but also the repetitive nature and targeted destinations. Ripple Transaction Breakdown Between the end of August and mid-September, a total of 15 significant XRP transactions were initiated by two Ripple-controlled addresses. These transfers were…

Hodlnaut Refuses OPNX’s $30 Million Offer After FLEX Token Declines By 90%

boss

According to the latest report, the interim judicial managers of beleaguered crypto lender Hodlnaut have rejected the latest acquisition bid proposed by OPNX. The OPNX exchange, affiliated with the founders of collapsed hedge fund Three Arrows Capital (3AC), offered to buy a significant 75% ownership stake in troubled Hodlnaut in August 2023. Holdnaut, a Singapore-based crypto lender, was another of the numerous victims of the financial crisis that rocked the crypto space in 2022. The crypto company had to halt withdrawals after losing around $190 million to the Terra ecosystem’s…

Ethereum ICO Participant Moves $9.96 Million Of ETH To Kraken. Will He Sell?

boss

An Ethereum initial coin offering (ICO) participant and one of the earliest supporters of the smart contract platform has moved 6,000 ETH worth $9.96 million to Kraken, a cryptocurrency exchange, recent data from Lookonchain on September 18 reveals. The unidentified whale received 254,908 ETH when each traded for 40.31 during the crowdfunding in 2014. This amount is currently worth over $466 million at spot rates. ETH whale transfer: Etherscan Ethereum Whale Transfers Over $9.96 Million To Kraken The anonymous nature of public blockchains, including Ethereum, makes it harder to decipher the owner’s…

Remitano allegedly hacked over $2.7 million

Remitano, a Seychelles-based cryptocurrency exchange platform, experienced suspicious transactions on Sept. 14. The platform experienced large withdrawals under suspicious circumstances, with over $2.7 million worth of crypto being drained from its wallet by a single account. Tether has frozen one address the attacker allegedly used, potentially saving $1.4 million of customers’ crypto. 🚨ALERT🚨Our ML-driven system has detected multiple anomalous transactions with @remitano exchange, resulting in a total loss of $2.7M across 3 chains. we contacted the team to halt any additional losses and initiate efforts to recover suspected stolen funds#CyversAlert…

Remitano Exchange Reportedly Targeted in $2.7 Million Security Breach; Tether Freezes $1.4 Million

boss

Crypto exchange Remitano faced a series of substantial and suspicious withdrawals on September 14, prompting some blockchain experts to suspect a possible hack. In total, approximately $2.7 million worth of cryptocurrencies were withdrawn through these dubious transactions, news reports said. Tether took swift action by freezing one of the addresses allegedly used by the attacker, safeguarding potentially $1.4 million worth of customer assets, the coverage added. Around 12:45 pm, an established Remitano hot wallet initiated transfers to an address devoid of any prior transaction history. This unusual activity involved the…

AI startup Helsing raises $223 million in Series B funding for defense solutions

boss

European artificial intelligence (AI) defense company Helsing revealed on Thursday, Sept.14, that it secured $223 million (approximately 209 million euros) in Series B funding, with General Catalyst, a venture capital firm, taking the lead. Swedish aerospace and automotive manufacturer Saab also participated as a strategic investor. The company emphasized its commitment to advancing AI technology for the safeguarding of democratic nations. Helsing co-founder Gundbert Scherf said in a statement: “We founded Helsing because we believe that AI will be essential so that democracies can continue to defend their values, Our…

SEC Charges Stoner Cats With Alleged Unregistered $8 Million Securities Sale In NFT Crackdown

boss

In a recent move that intensifies the Securities and Exchange Commission’s (SEC) crackdown on the Non-Fungible Token (NFT) sector, the SEC has charged Stoner Cats 2 (SC2) with conducting an “unregistered offering of crypto asset securities.”  The charges specifically target Stoner Cats’ sale of non-fungible tokens, which raised approximately $8 million from investors to finance the production of an animated web series. SEC’s Legal Earthquake Hits NFT Market Once Again  The SEC order reveals that on July 27, 2021, SC2 sold over 10,000 NFTs to investors at approximately $800 each,…