Tag: Million

Layer One Blockchain Startup 5ire Raised $100 Million, Joins Unicorn Club

Level One blockchain network, 5ire, has joined the unicorn club after raising $100 million at a valuation of $1.5 billion in Series A round. It received the funding from UK-based conglomerate SRAM & MRAM Group which made 5ire India’s 105th unicorn. 5ire which is a blockchain company that was founded in August last year, is still pre-revenue and is expecting to start getting revenue from the month of November and it just hit a billion dollar revenue mark in the last three years. For those uninitiated, Bitcoin, Litecoin and Ethereum…

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Bitfinex to Donate $1.3 Million Worth of BTC and USDT to Communities in El Salvador – Bitcoin News

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The crypto exchange Bitfinex announced on Thursday that the trading platform plans to donate 36 bitcoin and $600K worth of tether tokens to help bolster communities and small businesses located in El Salvador. According to Bitfinex, the funds will initially target small businesses in Salvadoran communities located in Apopa, Ilopango, and Soyapango. Donated Funds to Target Small Businesses in the Communities of Ilopango, Soyapango, and Apopa The digital currency exchange Bitfinex has detailed that the company is donating 36 bitcoin (BTC) worth just over $734K using current BTC exchange rates…

Monopoly Millionaire Game Raised $1 Million in Seed Funding – Press release Bitcoin News

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press release PRESS RELEASE. Monopoly Millionaire Game, a marine-themed GameFi that involves island construction, cultivating, shooting and more, announced that it has completed a seed funding of 1 million US Dollar. By this round of funding, MMG was valued at 10 million US Dollar. Mirana Ventures led the seed funding round. Other notable investors included Kernel Ventures, Mint Ventures, Crypto J, and Ventorylabs. MMG Team said it will use the fund to help realize the MMG GameFi vision and attract more users to participate in the Web3 games. In MMG,…

More than 2.6 million users signed up for the City of Shenzhen’s digital yuan airdrop

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According to data obtained from local news outlet Sohu.com, the Shenzhen Chamber of Commerce has recorded over 2.6 million signups for its latest digital yuan, or e-CNY, airdrop. Two months prior, the City of Shenzhen announced that it would be airdropping 30 million of the e-CNY central bank digital currency, or CBDC, to local residents to stimulate consumer spending as a recovery measure to the country’s strict coronavirus lockdown.  Users who received the airdrops through a randomized lottery selection could then spend the e-CNY vouchers at various participating merchants’ terminals…

Axie Infinity Sales Record A Massive Slump, Losing Over $120 Million

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Before now, Axie Infinity had maintained a solid foothold in the non-fungible token (NFT) space. Through massive sales, it stood as one of the leading and most successful NFT collectibles. The network had recorded almost $4.08 billion in sales volume. But June 2022 sales seem to be a mockery of its feats over the past year. Sky Mavis, a Vietnamese studio, launched Axie Infinity in March 2018. It’s an online video game based on NFTs. The platform has gained popularity from using Ethereum-based tokens through its gaming economy. The gaming…

NFT Sales Jump 10% Higher Than Last Week, Cryptopunk #4,464 Sells for $2.6 Million – Markets and Prices Bitcoin News

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While digital currency markets have dropped in value during the last two months, weekly non-fungible token (NFT) sales have slid lower as well. Seven-day statistics show that NFT sales managed to rise more than 10% higher than the week prior. One particular NFT sale, Cryptopunk #4,464, helped push this week’s sales volume up as the NFT sold for 2,500 ether or $2.6 million at the time of settlement. Cryptopunk Sales Increased by 545%, Ronin-Based NFT Sales Climbed 146% Higher, Gaming NFTs Rise Above Art and Digital Collectibles Weekly NFT sales…

Picpay to Offer Cryptocurrency Services in Brazil to More Than 60 Million Customers – News Bitcoin News

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Picpay, one of the most popular payments fintech companies in Brazil, has announced that it will start including cryptocurrency services in its app. The company explained that these services will include the possibility of purchasing crypto and processing payments with crypto directly. Picpay follows the actions of companies like Nubank and Mercado Libre, which have also started offering crypto services recently. Picpay to Allow Customers to Use Crypto From App More fintech-based companies are now approaching crypto as a way of extending their service offering for their customers.…

Nigerian Mobility Fintech Secures $20 Million From British Development Finance Institution – Fintech Bitcoin News

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A Nigerian fintech, Moove, recently secured a $20 million investment from British International Investment (BII). Moove said the funds will be used to democratize access to vehicle ownership in Africa. Credit Extended Based on Drivers’ Performance and Revenue Analytics The British development finance institution (DFI), British International Investment (BII), recently said it had invested $20 million in the Nigerian mobility fintech Moove. According to a statement released by the institution (formerly CDC Group), the 4-year structured credit investment is a reflection of BII’s “focus on mobilizing capital to build self-sufficiency…

Insurance Company Sued for Refusing to Cover $7.5 Million Bitcoin Ransom Payment – Featured Bitcoin News

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A British jeweler has sued its insurance company for refusing to cover a bitcoin ransom payment of $7.5 million. The jeweler paid the hackers to prevent sensitive customer data from being published. Insurance Company Faces Lawsuit for Refusing to Cover Bitcoin Ransom Payment A luxury British Jeweler, Graff, has sued its insurer, The Travelers Companies, for refusing to cover a ransom bitcoin payment, Bloomberg reported last week. The jeweler paid a bitcoin ransom of $7.5 million to the Russian hacking gang Conti after the group threatened to leak data of…