Tag: Million

Indonesian e-commerce giant buys local crypto exchange for $8 million

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Indonesian tech company PT GoTo Gojek Tokopedia Tbk (GoTo) bought PT Kripto Maksima Koin, a local crypto exchange, in a bid to diversify its assets. The deal makes a landmark in the merging of mainstream and crypto in the fourth most populated country in the world.  As reported by Reuters, the sum of the acquisition of 100% shares by the country’s “biggest tech firm” came to 124.84 billion rupiahs ($8.38 million). The deal was finalized on Aug. 25, according to Indonesian media. GoTo didn’t reveal any specific plans for PT Kripto…

More Than a Third of Africa’s 53 Million Crypto Owners Are From Nigeria, Study Shows – Africa Bitcoin News

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With an estimated 53 million cryptocurrency owners, the African continent now accounts for 16.5% of the global total, a study has found. The study findings suggest that Nigeria, which has more than 22 million crypto owners, currently accounts for more than a third of the continent’s total number of holders. Nigeria Accounts for Over a Third of Africa’s Crypto Owners According to Triple A’s latest crypto ownership data, the African continent now has an estimated 53 million cryptocurrency owners. This constitutes about 16.5% of the estimated global total of 320…

Report Shows the Country Has 115 Million Crypto Investors – Featured Bitcoin News

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A new report shows that India has roughly 115 million crypto investors, and the country’s crypto economy is growing despite the recent market downturn, with more than half of the crypto investors surveyed planning to increase their crypto investments in the coming six months. Indian Crypto Ecosystem Is Growing, Report Shows Cryptocurrency exchange Kucoin published a report on India’s cryptocurrency ecosystem Tuesday. It features the results of a survey, conducted from October 2021 to June 2022, which the company described as “an in-depth look into the development of the blockchain…

Worldwide Crypto Ownership Cross 320 Million, Here Are The Countries Leading The Charge

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Crypto adoption worldwide has accelerated in the last couple of years. Thanks are especially in order to the 2021 bull run that saw the price of bitcoin reach as high as $69,000, triggering an influx of new users into the market, both on the retail and institutional investor side. As it now stands, there are now more than 320 million crypto users around the world, according to recent data. Here are the countries that dominate the list. The United States Takes The Lead The United States has actually seen one…

Crypto Miners in Russia’s Irkutsk Region Fined Almost $1.7 Million This Year – Mining Bitcoin News

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Authorities in the energy-rich Russian region of Irkutsk have imposed hefty fines on crypto miners this year for illegal use of electricity to produce digital currencies. Power utilities have also filed hundreds of lawsuits, a report reveals, quoting prosecutors. Irkutsk Crypto Miners Pay 100 Million Rubles in Fines in 2022 Cryptocurrency mining has become a profitable business for many companies in Russia’s energy-rich regions, and an alternative income source for ordinary Russians. Despite the generally low rates of electricity for commercial purposes, many have been tempted to mint digital coins…

Metaverse Startup Ready Player Me Raises $56 Million in Series B Led by Andreessen Horowitz – Metaverse Bitcoin News

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The AI-generated avatar creation cross-platform for the metaverse, Ready Player Me, has raised $56 million in a Series B funding round led by Andreessen Horowitz (a16z). The startup’s co-founder and CEO Timmu Tõke says the funding will be used to scale the cross-platform metaverse avatar system. Investors Inject Ready Player Me With Fresh Capital, CEO Says ‘Interoperability’ Is the Key to Unlocking the Metaverse On Tuesday, Ready Player Me (RPM), a startup that issues 3D avatars to be leveraged in the metaverse, announced that the firm has raised $56 million…

Hodlnaut Court Filings Highlight a $193 Million Shortfall, Whistleblower Condemns Crypto Lender’s Contradictory Statements – Bitcoin News

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The troubled crypto lender Hodlnaut shared another update after the company froze withdrawals on August 8, and then revealed the company is seeking judicial management in order to rehabilitate the startup. The latest update shows that Hodlnaut experienced a shortfall of around $193 million and this past week the company has laid off roughly 80% of the startup’s workforce. Crypto Lender Says ‘Financial Circumstances Are a Result of Losses Suffered by Hodlnaut’s Hong Kong Subsidiary During the Terrausd Crash’ It seems that Hodlnaut lost close to $200 million and the…

New Galaxy Fund on Path to Raise $100 Million by Year-End

The fund opened with just internal capital during what may end up being the depths of the bear market in the second quarter. The timing could turn out to be propitious, giving the fund the opportunity to put together an early record of outperformance, Portfolio Manager Chris Rhine and Global Head of Asset Management Steve Kurz, told CryptoX. Source FundGalaxyMillionpathRaiseYearEnd CryptoX Portal

New Galaxy Fund on Path to Raise $100 Million by Year End

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How Bitcoin Will Hit $1M By 2030

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