Tag: Million

Genesis Owes Gemini Customers $900 Million, Exchange Is Attempting to Recoup Assets – Bitcoin News

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According to a recent report from the Financial Times (FT), Genesis Global Capital allegedly owes $900 million to Gemini customers. The exchange operated by Cameron and Tyler Winklevoss is attempting to recover the funds from Genesis, according to FT’s sources. Report Claims Genesis Owes the Winklevoss-Operated Exchange Gemini $900 Million FT reports that the centralized crypto asset exchange created by the Winklevoss brothers is owed $900 million and reportedly Genesis Global Capital is the debtor. People familiar with the matter told FT that Gemini was in the process of trying…

Korean VC Firm Daesung Private Equity Announces $83 Million Metaverse Fund – Metaverse Bitcoin News

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Daesung Private Equity, a Korean venture capital firm, has announced the launch of a metaverse fund of 110 billion won ($83.5 million). The fund, which will have the participation of the Korean state represented by Korea Venture Investment Corporation’s Korea Fund of Funds, aims to put investments into virtual reality (VR) and digital twins-related businesses. Daesung Private Equity to Launch Metaverse Fund Korean venture capital firm Daesung Private Equity has decided to get into the metaverse investment field. The company announced on Nov. 30 the launch of a metaverse-focused fund,…

Binance Labs Pledges $4.5 Million Investment in Ambit Finance

Both Ambit Finance and Binance Labs will work together on launching future DeFi apps with a focus on innovation, security, and risk control. Earlier today, December 2, crypto exchange Binance announced a strategic investment of up to $4.5 million in Ambit Finance. The investment will come through Binance Labs, a venture capital arm of Binance. The goal behind this investment is to provide a boost to decentralized finance (DeFi) applications on BNB Chain. As a result, Ambit and Binance Labs will work together in launching future DeFi apps while putting…

Market maker Keyrock closes $72 million in Series B funding round

Digital asset market maker Keyrock has raised $72 million in a Series B round of funding, according to an announcement on Nov. 30. Ripple, SIX Fintech Ventures, and Middlegame Ventures are among the investors in the round. Funds are planned to be used on Keyrock infrastructure development, scalability tools, as well as regulatory licensing across Europe, the United States and Singapore. Keyrock CEO Kevin de Patoul said the company has been focused on a long-term perspective for its business in the past five years. He also noted that: “The new…

Game7 Launches $100 Million Grants Program to Push Web3 Gaming Development – Blockchain Bitcoin News

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Game7, a blockchain gaming-focused DAO (decentralized autonomous organization) has announced the launch of a $100 million grants program. The objective of this grants program is to support the Web3 gaming community in these times of market downturn and to advance the adoption of blockchain gaming on several chains. Game7 to Support Blockchain Gaming With $100 Million Game7, a Web3 gaming-dedicated project which has already supported projects on different chains including Arbitrum, Polygon, Immutable X, and Solana, has announced the launch of a $100 million grants program to support Web3 gaming…

Cameroonian Fintech Ejara Raises $8 Million in Series A Investment Round – Fintech Bitcoin News

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Just over 12 months after raising $2 million, the Cameroonian fintech whose app allows users to buy and store crypto assets recently said it had received $8 million in its Series A investment round. According to Ruth Foxe Blader, partner at Anthemis, Ejara aims to become the one-stop platform where “a suite of financial products will be accessible at their fingertips, without the need for any crypto knowledge.” Owning the Keys to Your Crypto Ejara, the Cameroonian fintech whose app enables users to buy and store cryptocurrency in decentralized wallets,…

Bitcoin On Exchanges Keeps Sliding, 1 Million BTC Pulled From These Platforms

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Bitcoin is trending sideways in its current range, the cryptocurrency managed to prevent a fresh assault from the bears, but uncertainty remains strong in the market. This status quo supports the price action, and it could operate as the dominant trend for the remaining of the year.  As of this writing, Bitcoin trades at $16,400. The cryptocurrency has been stuck at these levels for today’s trading session after re-testing its yearly lows yesterday. In the wake of FTX’s collapse, crypto users have lost confidence. This could have a long-lasting impact…

Why Cathie Wood thinks bitcoin will still hit $1 million by 2030 and benefit from the FTX collapse

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Cathie Wood’s $1 million bold call on bitcoin surprised many on Wall Street amid the fallout in the crypto industry, and here’s how the investor came up with the prediction. The ARK Invest chief sees the world’s largest cryptocurrency hitting about $1.3 million by 2030, benefitting from the FTX turmoil, she said during the latest CNBC PRO Talks installment with Dominic Chu . “If anything, we think this cycle has benefited bitcoin,” Wood said. “Sam Bankman-Fried didn’t like bitcoin…. Because it couldn’t be controlled. It was decentralized, open, transparent the…

EIB settles €100 million digital bond on private blockchain

According to a new press release on Nov. 29, the European Investment Bank, or EIB, issued a first-ever euro-denominated €100 million digital bond on a private blockchain-underpinned platform with tokenization help from Goldman Sachs. The latter, along with Société Générale Luxembourg, also act as the on-chain custodians for the financial instrument. The bond bears interest at a coupon rate of 2.57% per year with a maturity date of Nov. 29, 2024, and is governed by Luxembourger laws.  Banque de France and the Banque Centrale du Luxembourg participated in the project…