Tag: Million

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

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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

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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

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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

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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

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Gemini allegedly suffered data breach; 5.7 million emails leaked

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Cryptocurrency exchange Gemini appears to have suffered a data breach on or before Dec. 13. According to documents obtained by Cointelegraph, hackers gained access to 5,701,649 lines of information pertaining to customers’ account numbers, email addresses, and partial phone numbers. In the case of the latter, hackers apparently did not gain access to the full phone numbers as certain numeric digits were obfuscated. The leaked database did not include sensitive personal information such as names, addresses, and other know-your-customer information. In addition, some emails were repeated in the document; thus,…

Hacker Steals $6.9 Million From Arbitrum-Based Defi Protocol Lodestar Finance – Defi Bitcoin News

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Arbitrum-based lending platform Lodestar Finance was exploited on Dec. 10, 2022, according to a tweet from the project’s Twitter account on Saturday. Community reports detail that Lodestar lost roughly $6.9 million from the vulnerability. Lodestar Finance Loses $6.9 Million in an Exploit, TVL Drained, LODE Drops by 53% Another decentralized finance (defi) platform, Lodestar Finance was hacked for $6.9 million in an exploit, a number of reports detail. “[The] protocol was exploited and deposits have been drained,” Lodestar’s official Twitter account said. “We have set all interest rates to 0…

Whales Move Over 275 Million XRP Amid Price Surge

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Amid the crypto winter and the Ripple lawsuit saga, XRP is breaking records with over a 4% price surge in 30 days. Unfortunately, the past 30 days have been terrible in the market after the FTX collapse, which broke down cryptocurrency values. However, the low price period proved very beneficial to some fat wallet holders who seized the opportunity to accumulate more assets. Ripple’s native token, XRP, recorded more recovery than Bitcoin amid whale accumulations in the past 24 hours. WhaleAlert reported that crypto whales moved over 275 million XRP…