Tag: Million

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,”…

Valkyrie Crypto Trusts Gather Nearly $74 Million In Funding Amid Bear Market

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An alternative investment company, Valkyrie, has added $73.6 million in capital into two crypto-focused trust funds. Valkyrie initially had $1.2 billion in assets under management at the end of the second quarter. This information is in amended filings with the United States Securities and Exchange Commission (SEC). Over the years, crypto investments and Decentralized finance have proven to be a great alternative to the traditional finance system. It could be because DeFi has a way to boycott the bureaucracy in the financial system. Decentralized Finance (DeFi) allows the use of…

Infinity Exchange Raises $4.2 Million Funding For Development of DeFi 2.0

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In an effort to increase institutional adoption of decentralized finance (DeFi), DeFi platform Infinity Exchange recently announced a $4.2 million seed investment. Infinity Exchange is run by former Morgan Stanley executive Kevin Lepsoe, who left the traditional finance space to focus his attention on the opportunities that DeFi offers to investors. The founder said that institutional investment is a vital part of developing DeFi 2.0 in its next iteration in order to lay strong economic frameworks. Lepsoe believes that having access to a full rates product suite and fixed-to-floating rates…

Infinity Exchange Raises $4.2 Million Seed Round To Accelerate Institutional DeFi and Create the Next Trillion-Dollar Market

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September 15, 2022 – London, England Infinity Exchange, a decentralized finance protocol that provides institutional-grade capital efficiency for traders, yield farmers and global fixed income investors, has closed a $4.2 million seed round, paving the way for the institutionalization of DeFi. The round was led by top-tier financial institutions, including market makers and funds GSR, SIG, CMS, C-Squared and Flow Traders. Proceeds will be used to grow headcount and further develop Infinity’s product offerings, including fixed and floating rate markets, as well as futures and spot trading markets – eventually forming…

MicroStrategy to Sell $100 Million Worth of Stock to Acquire More Cryptocurrency

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Software company MicroStrategy (MSTR), which has transformed into a corporate bitcoin (BTC) vault, intends to sell up to $500 million worth of stock to finance additional cryptocurrency purchases. The stock offering, which will be used for “general business purposes such as the acquisition of bitcoin”, was disclosed in the filing with the Securities and Exchange Commission. This is a first concrete proof that founder Michael Saylor still insistent on his goal to transform MicroStrategy into the crypto proxy, despite his recent resignation as CEO to focus on bitcoin acquisitions. He…