Tag: Million

$1 Million+ Whale Moves On The Rise

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Render (RNDR), the governance token of the distributed GPU rendering system, has seen a big rise in whale activity, which means that big investors are paying more attention. Related Reading Santiment says that on July 14, the number of deals worth $1 million or more went through the roof. This made people aware that the price of the token could change a lot. Large transactions often show what big buyers are doing, so they have a big effect on how the RNDR market moves. Institutional Interest And Market Influence The…

Philippines Charges 2 Russians in $6.2 Million XRP Theft

The Philippine Department of Justice (DOJ) has charged two Russian nationals with stealing PHP340 million ($6.2 million) worth of XRP cryptocurrency from a local crypto exchange. The suspects allegedly hacked Coins.ph’s system to commit the theft. The DOJ emphasized the importance of vigilance against cybercrime despite ongoing efforts to combat these threats. Philippine DOJ Charges […] Source CryptoX Portal

Standard Chartered-Backed Blockchain Firm Partior Closes $60 Million Series B Round

Blockchain firm Partior announced on July 12 that it had closed a $60 million Series B funding round led by Peak XV Partners. The investment will be used to enhance Partior’s capabilities, including intraday foreign exchange swaps, cross-currency repos, and just-in-time multi-bank payments. Partior Aims to Integrate Ten More Currencies JPMorgan and Standard Chartered-backed blockchain […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Pixelverse Raises $2 Million, Totals $7.5 Million in Private Funding

Pixelverse, a Web3 gaming ecosystem, has secured an additional $2 million in funding, bringing its total private round to $7.5 million. This funding was provided by several Web3 venture capital firms and prominent angel investors. Web3 Gaming Platform Pixelverse Secures $2M in Latest Funding Round Galaxy Interactive, Crit Ventures, and Arc Community contributed to the […] Source CryptoX Portal

Tron Founder Justin Sun Drops $5 Million On ETH

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Justin Sun, the founder of Tron, a decentralized blockchain-based operating system, has found himself joining the Spot Ethereum ETFs FOMO with a new $5 million investment in Ethereum (ETH), the world’s second-largest cryptocurrency.  Tron Founder Buys $5 Million Worth Of ETH In an X (formerly Twitter) post on July 11, Spot On Chain, an AI-driven on-chain analytics platform, uncovered a new Ethereum transaction allegedly executed by Sun. According to the analytics platform, the Tron founder had supposedly spent $5 million to buy 1,614 ETH tokens at an approximate price of…

Malaysia Loses Over $700 Million Worth of Electricity to Illegal Crypto Miners, Says Minister

According to a government minister, Malaysia lost $727 million worth of electricity stolen by illegal crypto miners between 2018 and 2023. The minister also warned that power companies have methods to detect unauthorized mining activity. Illegal Crypto Mining Detrimental To Malaysians Says Minister Between 2018 and 2023, the theft of electricity by illegal cryptocurrency miners […] Source CryptoX Portal

Germany Liquidates Over 90% Of Bitcoin Holdings, Retains Only $284 Million

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After a month-long period of increased selling pressure, the German government has nearly exhausted its Bitcoin treasury, selling over 90% of its BTC seized in January in the country’s largest Bitcoin seizure, worth over $2.1 billion.  With less than $300 million worth of BTC remaining, this signals the end of a significant sell-off period, with expectations of further price appreciation for the largest cryptocurrency on the market. 9.9% Of Seized BTC Remains On-chain data from market intelligence firm Arkham reveals the German government’s selling activity on Thursday, showing that the…

Dogecoin Price In Trouble Amid 108 Million DOGE Dump On Robinhood

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Dogecoin has been in a price decline for the past seven days as the entire crypto market continues to be dominated by a fear sentiment. Furthermore, the meme cryptocurrency recently encountered rejection due to fresh bearish pressure. This occurred as the cryptocurrency attempted to recover some of the losses it had sustained last week.  According to various social media posts by whale transaction tracker Whale Alerts, there have been multiple instances of large Dogecoin transfers in and out of exchanges during this price decline, with the latter being prevalent and…

VC Firm Hypersphere Reveals $130 Million Atlas Liquid Fund

Venture capital firm Hypersphere has announced the launch of its new liquid fund, Atlas, managing over $130 million in assets. Atlas aims to capitalize on the inefficiencies in the young crypto markets through a diverse range of trading strategies. Hypersphere’s New Atlas Fund Aims to Target Optimized Crypto Returns The Atlas fund, which began quietly […] Source CryptoX Portal