Tag: Million

Algorand TVL Hits $177 Million As Altcoin Rally Continues

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Algorand is one of the fastest growing crypto in terms of gains. According to CoinGecko, the token has appreciated by 30% in the last two weeks. With the broader crypto market rallying as Bitcoin breaks its crucial $21,000 resistance, ALGO is set to gain more in the next few days.  The Total Value Locked department is where the ecosystem gained the most. According to DeFiLlama, Algorand’s TVL yesterday hit $177 million in value. This uptick in TVL is a bullish indicator that the ecosystem still has the momentum to reach…

Defunct Crypto Hedge Fund Three Arrows Capital Founders Seek $25 Million to Start New Exchange Amid Scrutiny – Bitcoin News

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According to reports, the founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC) are seeking to raise $25 million from investors to start a new crypto exchange called GTX. This solicitation for new capital comes after 3AC co-founders Su Zhu and Kyle Davies were subpoenaed over the social media platform Twitter. Pitch Deck Shows Three Arrows Capital Co-Founders Seek New Investment for Crypto Exchange GTX There’s a flurry of reports and screenshots of an alleged pitch deck and website that claim the two 3AC co-founders, Su Zhu and…

Only 43.5 Million Own The Crypto Globally, Study Shows

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Out of 8 billion people living on the planet, only 43 million people own Bitcoin — which amounts to less than 1% of the population. Despite the success of the cryptocurrency, a minuscule number of the world’s current inhabitants holds ownership of Bitcoin, according to CoinMarketCap. Are there specific reasons why this is happening? Or is there something going on in the world of cryptocurrency that contributes to this current trend? Confusion Over ‘Ownership’ And ‘Creation’ Before anyone can have access to any form of cryptocurrency online, a user must…

What Makes Big Eyes Coin, Chainlink And Polygon So Appealing To Investors? As Big Eyes Coin Raises Over $13 Million

Place/Date: – January 14th, 2023 at 10:53 am UTC · 3 min read Source: Big Eyes Coin The cryptocurrency market is under fire for its negative impacts on the environment, such as electricity usage and carbon emissions when mining cryptocurrencies. Many critics believe that cryptocurrencies are energy-guzzling demons, and whilst this may be the case for some, there are a number of tokens out there that are energy efficient. Big Eyes Coin prides itself in being charitable and environmentally conscious, running on the Ethereum network and using a proof-of-stake method…

Bitconnect Victims to Receive Over $17 Million in Restitution From Ponzi Scheme – Bitcoin News

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More than $17 million in restitution will be distributed among investors in the pyramid scheme Bitconnect under a court order in the United States. The notorious crypto investment scheme defrauded thousands of people around the world. Bitconnect Investors From Dozens of Countries to Be Paid Back Millions of US Dollars A total of over $17 million in restitution will be returned to around 800 victims from more than 40 countries who lost money to Bitconnect, the U.S. Department of Justice (DOJ) announced Thursday, quoting an order issued by a federal…

$93 Million Liquidated In 1 Hour

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Data shows a large amount of shorts have been liquidated in the Bitcoin futures market in the past day as BTC pushes above $19,000. $93 Million Bitcoin Shorts Were Wiped Out In Only 1 Hour As per data from the on-chain analytics firm Glassnode, short liquidations have spiked in the past day. A “liquidation” takes place when a derivative exchange has to forcibly close up a contract on the Bitcoin futures market. Contracts usually liquidate when a certain percentage of the margin – the collateral amount that the holder had…

Liquidations Cross $200 Million Following Bitcoin’s Rise Above $19,000

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The last 24 hours have been filled with twists and turn for the crypto market but one thing that is important is that bitcoin crossed $19,000. This would be the first time that the digital asset would be reaching this price since the FTX collapse triggered another market downturn. However, as always, such sudden movements in the market would lead to liquidations, and traders are feeling the heat. Crypto Liquidations Cross $200 Million Over the last day, liquidations have ramped up, seeing more than $200 million in losses for traders.…

Belarusian Fined $1 Million for Illegal Crypto Trading – Bitcoin News

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A Belarusian citizen will have to pay a hefty fine for illegally organizing the exchange of cryptocurrencies online. Law enforcement authorities in the country, where certain crypto activities are legal, do not plan to impose other penalties besides the administrative measure. Cryptocurrency Trader Tries to Challenge Fine in Belarusian Court The Supreme Court of the Republic of Belarus has rejected the appeal of a Belarusian against a lower-instance ruling ordering him to pay 2,700,000 Belarusian rubles (around $1 million) to the state for trading digital assets outside the law. The…

Cardano Up 30% Since December As 28 New Whales Hold At least 1 Million ADA

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Though Cardano (ADA) has been gaining traction for a while, the recent accumulated momentum has garnered active buys as data shows the rising accumulation of ADA. ADA’s movement to the upside since last December totaled 30%, as new whales have been reported to be holding at least 1 million ADA tokens in these past few weeks amid the mini bull run. Regardless of the bear market, Cardano has proved to be a token worth holding both with its utilities and the recent positive news that includes the rapidly growing DeFi…