Tag: Million

Whales Accumulate $726 Million In Bitcoin, Report Shows

boss

Bitcoin and the crypto market have been of late seeing most prices of crypto in red, with little hope for an uptrend, at least based on charts. The past few weeks have seen growing fear and doubt about the asset class. However, despite the recent trend in the market, the primary crypto asset, Bitcoin, is recording an increase in whale transactions. The big shots have gathered more BTC in the past fortnight, valued at hundreds of millions of dollars. Bitcoin Gets Massive Whale Accumulation According to data from Santiment, a…

Raydium is attacked, loses $2 million

boss

Solana DeFi protocol Raydium has suffered an exploit, according to a statement from the developer. An initial investigation by the team has revealed that the attacker has taken over the exchange’s owner account. The team says that “authority” over the automated market maker and farm programs have been paused, “for now.” A twitter user who goes by the handle ZachXBT has reported that the attacker has bridged $2 million “so far” to Ethereum. An exploit on Raydium is being investigated that affected liquidity pools. Details to follow as more is…

Blocknative Completes $15 Million Series A-1 Funding for Block Building on Ethereum

When Blocknative completed the other part of the Series A investment in 2021, the CEO revealed plans to expand the team. Web2 infrastructure company Blocknative has secured $15 million in a Series A-1 round for the block-building market in the Ethereum ecosystem. Launched in 2018, the company focuses on transaction processing on the Ethereum blockchain. And it plans to use the latest funding to grow its product teams and pursue block-building opportunities. Back in June 2021, Blocknative had a part of its Series A investments, featuring Foundry Group, Robot Ventures,…

Crypto Futures ETFs Raise More Than $73 Million Ahead of Hong Kong Launch – Bitcoin News

boss

Hong Kong’s first crypto-based exchange-traded funds (ETFs) have attracted over $73 million ahead of their debut on the region’s stock exchange. The launch of the two ETFs tracking cryptocurrency futures listed in the United States comes despite the industry’s current troubles. Hong Kong Debuts Bitcoin and Ether Futures ETFs Amid Crypto Winter Two ETFs tracking crypto futures raised a total of $73.6 million ahead of their debut on the stock exchange in Hong Kong on Friday, with the larger one raising $53.9 million, according to Reuters. The news agency noted…

Asset Management Firm Raises $70 Million Amid Crypto Winter

boss

Cryptocurrency exchange-traded products are gaining traction due to their benefits to investors. These products expose investors to the crypto market without owning the underlying asset. Investing in ETFs allows users to enjoy institutional custody and transparent and simplified trading through brokerage accounts. Crypto assets are highly volatile, with complex trading rudiments. Therefore most investors find it more comfortable investing in ETFs as they protect them from direct exposure to risks in digital asset trading. Due to these benefits, crypto exchange-traded products have gained more traction. In a press release, CSOP…

Aztec Network secures $100 million in Series B funding led by a16z

boss

The private layer-2 chain Aztec Network announced on Dec. 15 a $100 million Series B funding round led by venture capital firm a16z crypto. Other investors in the round include A Capital, King River, Variant, SV Angel, Hash Key, Fenbushu, and AVG.  By partnering with a16z, the company plans to hire new engineers and build a “next-generation encrypted architecture” that allows users to verify that blockchain rules were followed without revealing any underlying information. Encrypted blockchains allow users to transact with privacy and anonymity. “What we’re building is a revolutionary piece…

Crypto Exchange Gemini Suffers From Data Breach, 5.7 Million Emails Allegedly Leaked – Bitcoin News

boss

According to a recent report, the cryptocurrency exchange Gemini suffered from a breach of data and reportedly 5.7 million emails were leaked. While Gemini has stated “some Gemini customers have recently been the target of phishing campaigns,” the exchange insisted that “no Gemini account information or systems were impacted.” Gemini Suffers From ‘Third Party’ Associated Customer Data Leak, Report Claims Documents Show 5.7 Million Accounts Affected On Dec. 14, 2022, the crypto news outlet Cointelegraph published a report that claims “5,701,649 lines of information pertaining to Gemini customers” have been…

Elon Musk Sells 20 Million Tesla Shares Worth Over $3.5B

The latest Tesla shares sale by Elon Musk has been tipped to feature Twitter and the need for the billionaire investor to meet some credit obligations with which he financed the acquisition of the social media platform. Elon Musk, the iconic Chief Executive Officer (CEO) of American electric automaker, Tesla Inc (NASDAQ: TSLA) has sold off another 20 million shares of the company with the accrued funds coming in at over $3.5 billion. The sales of Tesla shares were revealed via a regulatory filing lodged with the United States Securities…

Cathie Wood Adds $3.2 Million Worth of COIN Shares to Portfolio

With the new $3.2 million in shares, Cathie Wood’s Ark Invest may now boast a total of $5.8 million COIN shares in its portfolio. Ark Invest CEO Cathie Wood has shown how much she is invested in “buying the dip” after throwing around some amount of cash to buy more Coinbase (COIN) and Tesla (TSLA) shares. That is about 297,000 COIN shares and 75,000 TSLA shares, per a Bloomberg report. Moreso, the purchase goes to show that the investment firm holds a high level of conviction about the shares of…

Cathie Wood’s ARK Continues to Buy Coinbase’s Dip, Adding $3.2 Million of COIN to Portfolio

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…