Tag: Million

Why Cathie Wood is bullish on Coinbase stock and believes Bitcoin will reach $1 million

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In an interview with Bloomberg, ARK Invest CEO and CIO Cathie Wood recently discussed why her flagship fund, Ark Innovation (ARKK), is adding to its position in shares of Coinbase (COIN) after the SEC sued Binance, one of Coinbase’s biggest competitors. ARKK purchased nearly 330,00 shares of COIN on June 6, 2023, worth about $17 million at the time, according to disclosure statements. Two other funds, Ark Fintech Innovation ETF and Ark Next Generation Internet ETF, also bought 35,700 shares, worth $1.8 million, and 53,900 shares, worth $2.8 million, respectively. …

Generative AI Video Platform Synthesia Raises $90 Million at $1 Billion Valuation 

Through the latest funding, the firm aims to make video creation easy for everyone and has already served many businesses worldwide. Synthesia, a leading artificial intelligence (AI) company based in London, has successfully raised $90 million in a series C funding round, bringing its total valuation to $1 billion. The company’s groundbreaking AI technology, Synthesia, enables enterprise users, including HR professionals and marketers, to create high-quality video content in 15 minutes without needing traditional camera setups or professional studios. On June 13, Synthesia officially announced the completion of its latest…

Users withdraw over $392 million from Binance within 24 hours

In a recent series of tweets, Changpeng Zhao (CZ), the CEO of Binance, revealed that the cryptocurrency exchange experienced a substantial net withdrawal amounting to approximately $392 million within a span of 24 hours. This revelation sheds light on the cash movement within the exchange during a turbulent period following the U.S. Securities and Exchange Commission’s legal action against Binance and Coinbase, which created substantial ripples across the cryptocurrency industry earlier this week. Such developments within the cryptocurrency industry often attract attention and speculation, as market participants closely monitor the…

blockchain gaming revenue rose in May as investment soar to $476 million

A DappRadar report reveals that revenue in blockchain gaming rose in May. Despite a slight slip in dominance, the industry witnessed a 6% month-to-month increase in unique active wallets (UAW). Gaming continued to command a significant share of on-chain activity. The rise of new gaming chains, such as BNB Chain and Polygon, added competition to the landscape. Additionally, the emergence of social dapps and the success of web3 games on iOS platforms are reshaping the gaming industry. Illuvium’s Overworld and Illuvium Zero have ushered in a new wave of high-quality…

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…