Tag: Million

South Korea Seizes $184 Million in Crypto Assets From Alleged Tax Dodgers, Reports Reveal – Taxes Bitcoin News

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The government in South Korea has seized cryptocurrency worth around $184 million in two years due to tax arrears, according to local media. The authorities in Seoul started confiscating virtual assets from people accused of tax evasion in 2021. Almost 260 Billion Won in Crypto Seized for Tax Evasion in South Korea The amount of crypto assets seized from South Koreans accused of dodging taxation has reached almost 260 billion Korean won (close to $184 million at current exchange rates), the online editions Yonhap News and Maekyung unveiled on Thursday.…

Uniswap Foundation to Distribute $1.8 Million in Grants to 14 Recipients – Defi Bitcoin News

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The Uniswap Foundation (UF), the group behind the decentralized exchange (dex) Uniswap, announced the first wave of foundation grants on Wednesday as it plans to distribute $1.8 million total, awarded across 14 grants. The UF announcement details that a touch more than $800K will be awarded to Uniswap Diamond, a project being constructed by GFX Labs. Uniswap to Disperse $1.8 Million to 14 Different Projects On September 21, the Uniswap Foundation announced the first wave of grants that aims to bolster the decentralized finance (defi) ecosystem and progress research and…

Fed Interest Rates Hike Spur Crypto Market Liquidations Of More Than $330 Million

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The FOMC meeting held on Wednesday and its subsequent results deeply affected the state of the crypto market. Given the large swings in price during and after the meeting, liquidation volumes had quickly risen across the market. Tens of thousands of traders were caught in the crossfire in what has come out to be the largest liquidation trend in the last few months.  Crypto Liquidations Reach $330 Million On Wednesday, the Fed had announced that it was raising interest rates by another 0.75 points. This decision directly impacted the crypto…

Africa-Focused Crypto Exchange Yellow Card Raises $40 Million via Series B Round – Africa Bitcoin News

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Africa-focused crypto exchange Yellow Card recently revealed it has closed its $40 million Series B funding round. The exchange’s announcement of its latest capital raise comes just over a year after it raised $15 million from its Series A round. Funds to Be Used for Development of New Products Yellow Card, an Africa-focused cryptocurrency exchange, recently disclosed it had closed its $40 million Series B funding round. The crypto exchange said it will use the funds raised to finance the development of new products as well as to “advance strategic…

Daily Bitcoin Exchange Outflows Hit $518 Million

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According to the data published by Glassnode, an on-chain analytics platform, daily Bitcoin exchange outflows reached the level of $518.6 million on 20 September. With inflows of $489.2 million, net flows came in at -$29.4 million. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. Bitcoin was not the only crypto asset that suffered large exchange outflows yesterday. Glassnode’s data shows that the total ETH outflows touched $412 million yesterday, compared to inflows…

Crypto Downtrend Led Investors Liquidate Over $432 Million

The overall financial market is discouraging this week. Stocks and cryptos are plummeting as anticipation of the upcoming rate hike grows. The latest CPI for August was a force that pushed the market towards the edge.  The figure was higher than expected, increasing fear in the industry. As the Feds prepares to hit the market with the biggest rate hike, exchanges have started liquidating leveraged positions. This strategy is geared at cutting down losses as events unfold. Related Reading: WATCH: Bitcoin Bloody Monday Leads To Reversal Hammer | BTCUSD September…

$160 million stolen from crypto market maker Wintermute

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Wintermute, a cryptocurrency market maker based in the United Kingdom, became the latest victim of decentralized finance (DeFi) hacks for approximately $160 million, according to Evgeny Gaevoy, the company’s founder and CEO. Short communication on the ongoing Wintermute hack — wishful cynic (@EvgenyGaevoy) September 20, 2022 According to Etherscan, over 70 different tokens have been transferred to “Wintermute exploiter,” including $61,350,986 in USD Coin (USDC), 671 Wrapped Bitcoin (wBTC), which is roughly $13,030,061, and $29,461,533 Tether (USDT). The largest token sum appears to be USDC.  The company’s over-the-counter and centralized…

SEC Orders Crypto Firm to Pay Harmed Investors $35 Million — Charges Influencer Ian Balina – Regulation Bitcoin News

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The U.S. Securities and Exchange Commission (SEC) has ordered crypto firm Sparkster and its CEO to pay $35 million into a fund for distribution to harmed investors. The securities regulator also charged crypto influencer Ian Balina for promoting crypto tokens without disclosing compensation received. SEC’s Cease-and-Desist Order Against Unregistered Crypto Firm The U.S. Securities and Exchange Commission (SEC) announced Monday that it has issued a cease-and-desist order against Sparkster Ltd. and its CEO, Sajjad Daya, “for the unregistered offer and sale of crypto asset securities from April 2018 through July…

GRNGrid secures 50 million USD investment Commitment from GEM Digital – Blockchain News, Opinion, TV and Jobs

The GRN Association, a Swiss-based NPO (non-profit organization), announced today that it has secured an investment totaling $50M for the GRNGrid project from GEM Digital Limited, a venture capital focused on digital currencies. On GRNGrid, an environmentally friendly, scalable, and stable Layer 1 blockchain, with novel DeFi features, users have the choice to only use nodes running exclusively on renewable energy for their transactions. GRNGrid’s renewable energy partners, who specialize in data center and hosting facilities, have shown keen interest in running Grid’s nodes as validators. With their help, the…

Sports Metaverse company secures $200 million funding

Sports Metaverse startup LootMogul secured a $200 million investment commitment from Gem Global Yield, providing the company a share subscription facility of up to $200 million for a 36-month term following an equity exchange listing.  The company said that the funding is expected to boost the development of LootMogul’s metaverse focused on sports games, including “building meta (virtual) sports cities around the world with real-world benefits, brands & professional athletes on a true cross metaverse & blockchain (multichain) platform on multiple devices such as Oculus, HoloLens, Web, Mobile & Console,”…