Tag: Million

Lazy Lions Passes $100 Million USD Volume Traded and Celebrates First Birthday – Blockchain News, Opinion, TV and Jobs

Lazy Lions has just passed the $100 million USD volume traded mark. With this achievement, it is now in the top 58 of all-time when it comes to NFT collections by trading volume, and in the top 30 for PFPs. Moreover, this veritable accomplishment coincided with the generative NFT project’s first birthday. It is important to note that the Lazy Lions OG collection, which minted at 0.05 ETH in August, sold out in just 5 hours. From then on, Lazy Lions built a strong community of over 140,000 Discord, 100,000…

Meta to Open 10 Metaverse Campuses as Part of $150 Million Immersive Learning Project – Metaverse Bitcoin News

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Meta, the metaverse-focused social media company, is helping universities get their own virtual reality campuses online. The company will be opening 10 virtual campuses as part of its Immersive Learning project, which seeks to take education to virtual reality environments. In partnership with Victoryxr, an Iowa-based virtual reality education startup, Meta will invest $150 million in this initiative. Meta Getting Universities Into the Metaverse One of the biggest applications of virtual reality and metaverse technology has to do with education and the possibility of virtual reality classes coming…

$500 Million In Bitcoin Shorts Pile In As BTC Price Below $20K

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Bitcoin has experienced a trading session with low volatility as the cryptocurrency moves in a tight range. The cryptocurrency is flirting with a critical support zone at around $19,500 which has been able to hold despite last week’s spike in selling pressure. At the time of writing, the price of Bitcoin (BTC) trades at $19,700 with sideways movement during the last 24 hours and the past week. As the price of Bitcoin stalls, crypto investors seem to be shifting their attention to other cryptocurrencies or waiting to see if these…

AVAX Posts Over 2 Million Transactions Over The Weekend, New Highs Seen

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Avalanche (AVAX) has been leading a couple of prominent DeFi projects including Platypus. Platypus is a DeFi project built on the AVAX ecosystem that won the prestigious Avalanche X Grant. This DeFi protocol aims to provide a user-friendly and scalable stableSwap platform. More so, its dream is to create an Automated Market Maker (AMM) right on top of Avalanche that boasts of open liquidity and maximized efficiency in terms of capital. Additional assets can be integrated into the liquidity pool that can greatly enhance simplicity, ease of use, and flexibility.…

Chinese Metaverse Industry Raises $780 Million in Funding – Metaverse Bitcoin News

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The Chinese metaverse industry has reportedly raised about $780 million in funding and there are expectations this will grow to be a $5.8 trillion industry by 2030. So far there are 160,000 virtual human enterprises in China while 20 provinces or cities in the country are reportedly supporting the metaverse. Developing the Metaverse According to a local media report, China’s metaverse industry has raised $780 million (5.46 billion yuan) in funding. In addition to 160,000 “Chinese virtual human enterprises,” there are about 20 provinces or cities that are already supporting…

Kenyan Fintech Pezesha Raises $11 Million in Pre-Series a Round Backed by Cardano Blockchain Builder – Fintech Bitcoin News

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Pezesha, a Kenyan fintech focused on providing bridging finance to small and medium-sized enterprises, recently raised $11 million in pre-Series A debt-equity funding round. The Women’s World Banking Capital Partners II led the round in which the Cardano blockchain builder Input Output Global also participated. Pezesha Solving Working Capital Problems for MSMEs A Kenya-based fintech, Pezesha, announced recently that it raised $11 million from its pre-Series A debt-equity funding round. According to a Techcrunch report, this series was led by Women’s World Banking Capital Partners II with the Cardano blockchain…

Crypto.com Accidentally Sent $7 Million to Customer — Sues 7 Months Later to Get It Back – Featured Bitcoin News

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Cryptocurrency exchange Crypto.com accidentally transferred about $7.26 million to a customer’s account but did not notice the error for seven months. The crypto company has now sued the customer to recover the funds. Crypto.com Sues Customer 7 Months After Mistakenly Transferring over $7 Million The Australian Supreme Court of Victoria released a default judgment Friday in a case where crypto exchange Crypto.com accidentally transferred more than AUD$10.47 million ($7.26 million) to a customer’s account on May 20, 2021. The crypto firm made claims against eight defendants, including Thevamanogari Manivel, the…

DC Attorney General Sues Billionaire Michael Saylor and Microstrategy Over Alleged Tax Fraud — Seeks $100 Million – Taxes Bitcoin News

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The attorney general of the District of Columbia has sued Microstrategy’s co-founder and executive chairman, Michael Saylor, for tax fraud. The lawsuit also names Microstrategy as a defendant “alleging that it conspired to help him evade taxes he legally owes.” Both Saylor and Microstrategy denied the allegations. The attorney general is seeking more than $100 million in unpaid taxes and penalties. District of Columbia Sues Billionaire Michael Saylor and Microstrategy The Office of the Attorney General (OAG) of the District of Columbia announced Wednesday that Attorney General Karl A. Racine…

Bitcoin Beach to Receive More Than $203 Million in Infrastructure Investments in El Salvador – Emerging Markets Bitcoin News

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El Zonte, a beach in El Salvador rebaptized as “Bitcoin Beach” due to its adoption of the cryptocurrency, will receive infrastructure investments as part of a strategic plan of the government of El Salvador. Surf City, another beach location in the La Libertad region, will also receive road improvements and other upgrades. ‘Bitcoin Beach’ to Benefit From Infrastructure Investments Bitcoin Beach, a beach in El Zonte, El Salvador, is getting a set of infrastructure upgrades from the country’s government. The beach is iconic due to its adoption of…

Crypto.com Mistakenly Sent $10.5 Million to Client Instead of a $100 Refund

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Crypto.com According to 7News, two Melbourne women, Manivel Thevamanogari and her sister Gangadory Thevamanogari got a AUD$10.5 million deposit from Singaporean cryptocurrency exchange Crypto.com after the latter made an error in giving a AUD$100 refund. An employee reportedly inserted an account number in the payment box instead of the return amount, resulting in an incorrect transfer to their bank account. According to court filings, the beneficiary utilized a portion of the monies to purchase a lavish property shortly after receiving them. The event happened in May 2021 but was not…