Tag: Million

Curve (CRV) To Launch On TRON Following $2 Million Investment

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Curve Finance, a decentralized liquidity pool for stableswap and stablecoin trading, has disclosed a strategic partnership that will see the decentralized exchange (DEX) launch on the TRON network.  Curve Set To Launch On Tron And BTTC Networks Decentralized Exchange, Curve Finance has solidified its position as the second largest DEX, following the announcement of its integration into the TRON network. Curve Finance’s recent alliance with the TRON network has prompted a substantial investment from TRON DAO Ventures, a venture capital firm established by the TRON network. On Thursday, August 17,…

OPNX fined $2.7 million in UAE for flouting marketing laws

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On Aug. 16, the Dubai Virtual Assets Regulatory Authority (VARA) in the United Arab Emirates (UAE) escalated its actions against Open Technology Markets Ltd. (OPNX), a crypto exchange.  This follows previous notices in April 2023 concerning the exchange’s conduct. The regulator also fined the exchange and its executives. On May 2, OPNX was fined $2.7 million for flouting Dubai’s Virtual Assets and Related Activities regulations revolving around marketing and promotion. The exchange is yet to pay the penalty. …

Renowned Finance Author Says Bitcoin Price Will Reach $1 Million If This Happens

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Bitcoin’s creator, Satoshi Nakamoto, created Bitcoin in response to the 2008 financial crisis as an alternative to government-controlled money. Since then, Bitcoin has gone to spearhead the crypto industry, with many investors calling it digital gold. Now, renowned finance author Robert Kiyosaki has argued that Bitcoin price could reach $100,000 soon and go as high as $1 million. Bold Prediction On Bitcoin Robert Kiyosaki, best known for his bestselling book ‘Rich Dad Poor Dad,’ is known to make very bullish predictions on the price of Bitcoin. In a recent post…

Bitcoin Price Supported By Thin $40 Million Bid Pool, But For How Long?

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In the ongoing market turbulence on higher timeframes, Bitcoin (BTC) is at a crucial juncture as a great consolidation phase persists. Research and analysis firm Material Indicators closely monitored the recent weekly candle close/open, paying particular attention to two key factors: the trend line and the 21-day, 21-week, and 21-month moving averages (MA) – all of which are currently influential in shaping market dynamics.  Uncertainty And Potential Turning Point For Bitcoin The opening of the weekly candle below the trend line triggered a “subsequent nosedive,” amplifying concerns. While the 21-week…

Zunami Protocol lost $2.1 million to cyber attack

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Zunami Protocol has suffered an attack on its zStables pools, leading to a $2.1 million loss. The company assures that the collateral is secure. The blockchain security firm, PeckShield, detected the attack on August 13. It stated that the company lost nearly $2.1 million. Zunami confirmed the attack 20 minutes later. The attack affected Zunamis stablecoins, USD stablecoins, and Zunami Ether. It appears that zStables have encountered an attack. The collateral remain secure, we delve into…

Crypto Analyst Shares Bullish Insights on Chainlink As Users Accumulate 295 Million LINK

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Chainlink (LINK) has been one of the top trending tokens in recent weeks due to a combination of an overall positive price movement as well as exciting on-chain developments.  Following a recent buying spree in the LINK market, crypto analyst Ali Martinez has taken to social media platform X, providing some insights on the token’s potential price action. 29,000 Wallets Purchase 295 Million LINK Forming Major Support Level On August 11, Ali posted on X stating that Chainlink has established a strong support zone between $6.63 and $6.88 as about…

Curve Finance vows to reimburse users after $62 million hack

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Curve Finance, a decentralized finance (DeFi) platform for lending stablecoins, has officially stated its intention to reimburse users who were impacted by the recent breach resulting in a $62 million loss from the system.  According to a post by Curve Finance, ongoing investigations are yielding progress, with approximately 79% of the funds successfully recuperated. The platform further emphasizes its current priority, which revolves around assessing the proportional portions of each impacted user. This evaluation aims to ensure an equitable distribution of resources. The incident, which occurred on July 30, involved…

Money In The Net! FC Barcelona Clinches $132 Million Investment To Kickstart Blockchain Journey

FC Barcelona has recently announced significant developments in its digital expansion strategy, with the entry of new strategic partners and a merger agreement.  The renowned Spanish football club aims to accelerate the growth of its digital ventures, Barça Vision and Barça Media, and tap into the world of Web3, blockchain, NFTs, and metaverse technologies. FC Barcelona Strategic Partnership To Propel Digital Growth Barça Vision, the Club’s initiative to integrate all digital content under the Web3 and blockchain umbrella, has been substantially boosted through investments by LIBERO football finance AG and…

Bittrex Settles with SEC for $24 Million After Unregistered Exchange Charges

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Bankrupt cryptocurrency exchange Bittrex, along with its CEO, has reached a settlement with the Securities and Exchange Commission (SEC) for a sum of $24 million. This resolution comes after the SEC charged the exchange in April for its operation as an unregistered exchange, media reports said. Bittrex, its foreign affiliate, and former CEO William Shihara neither admitted nor denied the allegations. Bittrex’s foreign affiliate, known as Bittrex Global GmbH, has agreed to settle charges regarding its failure to register as a national securities exchange, according to an official statement by…

Curve DAO Scores $5 Million Boost From Binance, Eyes BNB Chain Expansion

In a strategic move to bolster the decentralized finance (DeFi) sector, Binance Labs, the venture capital and incubation arm of Binance, has committed a substantial $5 million investment in Curve DAO Token (CRV).  The Ethereum-based CRV token is the backbone of the Curve ecosystem, which has established itself as the largest stable swap and second-largest decentralized exchange (DEX). Curve and Binance’s BNB Chain Forge Strategic Alliance As part of the partnership, Curve will explore the deployment of its protocol on the BNB Chain, the thriving ecosystem powered by its native…