Tag: Million

Tron Reaches Record 117 Million Users, But TRX Price Is Mediocre

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Tron (TRX) managed to pull a Bitcoin-like feat almost two weeks ago when it became a legal tender for the Commonwealth of Dominica. The 16th largest cryptocurrency in terms of market capitalization successfully replicated Bitcoin’s feat when it became a legally accepted tender within the territories of El Salvador. TRX price slightly corrects after surging following announcement of becoming legal tender in the Commonwealth of Dominica Coin currently trades at $0.0616 Tron Protocol’s TVL drops to $1.25 billion Shortly after such momentous development, Tron witnessed a mini price rally as…

US Department of Justice Files $60 Million Lawsuit Against Bitcoin Mixer Operator – Regulation Bitcoin News

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The United States Department of Justice recently filed a lawsuit to recover $60 million that was imposed on Larry Harmon, the operator of a bitcoin mixing service targeted by U.S. law enforcement in 2020. According to U.S. authorities, Harmon had operated an unlicensed money-transmitting business. Violation of the Bank Secrecy Act The United States Department of Justice (DOJ) is reportedly suing Larry Harmon, the founder of the crypto mixer Helix, to recover the $60 million fine imposed on him by regulators. According to a Reuters report, the fine, which was…

Litecoin Hits $1 Million In Whale Transactions

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Litecoin, for most part of the current year, has been silent and is only mentioned when its price goes down relative to the overall sentiment of the whole crypto market. Litecoin manages to increase its value by 1.3% over the last week LTC is seen trading at $54.89 over the next five days A sharp fall from its current trading price is likely to happen over the next few weeks Since attaining its $410.26 all-time high (ATH) on May 10 last year, the crypto has been on a steady decline,…

Secondary Sales Volume Tied to Reddit’s Collectible NFT Avatars Surges Crossing $5 Million – Blockchain Bitcoin News

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Reddit’s non-fungible token (NFT) avatars have produced significant market action in the NFT industry, as the collectible’s secondary market sales reached more than $5 million on October 24 across more than 20,000 sales. The demand for Reddit’s collectible NFT avatars minted on Polygon has also spurred over three million Redditors to leverage Reddit’s Vault blockchain wallet. Demand for Reddit’s Collectible NFT Avatars Skyrockets — $5 Million in Secondary Sales Sold Across 20,000 Sales During the first week of July, Reddit revealed the company had plans to release blockchain-backed avatars that…

ARK Invest’s Cathie Wood Puts Bitcoin At $1 Million In 8 Years, Here’s Why

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ARK Invest CEO Cathie Wood has been a long-time supporter of Bitcoin. The CEO had taken the bold step and become one of the first managers of a public fund to actually support the digital asset openly. ARK Invest had gone on to make some investments related to the cryptocurrency such as buying shares of Coinbase, the first crypto exchange to go public, and holding significant shares in the Grayscale Bitcoin Trust (GBTC). Now, the CEO has once more reiterated her belief in the long-term potential of the digital asset.…

Reddit NFT trading volume hits all-time high as wallet holders near 3 million

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According to data provided by Polygon and Dune Analytics, the trading volume of Reddit nonfungible token (NFT) avatars has eclipsed $1.5 million in the past 24 hours. The increase represents over one-third of the collection’s cumulative trading volume of $4.1 million since launch. At the same time, the daily sales volume of Reddit NFTs also witnessed a new all-time high of 3,780 digital collectibles changing hands. Reddit avatars are created by independent artists and are minted as NFTs on the Polygon blockchain. Users can purchase such collectibles on Vault, Reddit’s…

$185 Million Worth Of AXS Tokens Set To Be Unlocked, Time To Get Out Of Axie Infinity?

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Axie Infinity (AXS) is the leading play-to-earn ecosystem in the crypto space and has continued to maintain this title since its release. Its native cryptocurrency, AXS, has seen its price take a hit in the market since the bear market began alongside other digital assets in the space. However, it seems that the decline in the price of AXS is not at its end as more tokens are set to be released into circulation on Monday, 24 October. 21.5 Million Tokens Are Coming Just like a lot of other projects…

‘Biggest cyber risk is complacency, not hackers’ – UK Information Commissioner issues warning as construction company fined £4.4 million

The UK Information Commissioner has warned that companies are leaving themselves open to cyber attack by ignoring crucial measures like updating software and training staff. The warning comes as the Information Commissioner’s Office (ICO) issued a fine of £4,400,000 to Interserve Group Ltd, a Berkshire based construction company, for failing to keep personal information of its staff secure. This is a breach of data protection law. The ICO found that the company failed to put appropriate security measures in place to prevent a cyber attack, which enabled hackers to access…

Celestia Raises $55 Million to Solve Blockchain Modularity Challenge – Blockchain Bitcoin News

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Celestia, a project that aims to solve the perceived centralization problem in current monolithic blockchains, has announced it has raised $55 million in its latest funding round. The round, which was led by Bain Capital Crypto and Polychain Capital, also saw the participation of Delphi Digital, Protocol Labs, Figment, Maven 11, and Spartan Group, among others. Celestia Raises $55 Million to Make Blockchain Deployment Easy Celestia, a project that aims to tackle the problem of blockchain deployment complexity, has announced it raised $55 million as part of combined Series A…