Tag: Million

U.S. crypto firm Harmony hit by $100 Million Theft

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According to a tweet from Blockchain Harmony, the hack of its Horizon bridge, which enables users to transfer currencies between various blockchains, happened on Thursday morning. One further significant weakness in the ecosystem of digital assets was revealed when hackers stole nearly $100 million from a so-called bitcoin bridge. Blockchain harmony assured that it has “begun working with national authorities and forensic specialists to identify the culprit and retrieve the stolen funds.” According to CoinGecko, Harmony’s native ONE token, which is used to pay transaction fees, collect incentives,…

Crypto Lender Blockfi Secures $250 Million Line of Credit From FTX, CEO Says Capital Will Bolster Its Balance Sheet – Bitcoin News

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Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Original

Ex-Sushi CTO Raises $8 Million for Astaria, an NFT Lending Platform

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Astaria, a non-fungible token (NFT) lending platform and liquidity engine, has acquired $8 million in early capital to support its development throughout the down market. True Ventures, Arrington Capital, Ethereal Ventures, Wintermute, Genesis Trading, LedgerPrime, Hypersphere Ventures, The LAO, and several other investors participated in the preliminary round of funding.   Users can use Astaria to generate instant liquidity by putting up their NFTs as collateral. According to Justin Bram, the co-founder and CEO of Astaria, the recent drop in NFT sales, coupled with signs of a bear market, makes Astaria’s…

Over $250 Million In Liquidations As Bitcoin Recovers Above $20,000

Liquidations have rocked the space as the price of Bitcoin has fluctuated between red and green in the last week. Since the price had been crashing for the major parts of last week, the liquidations have been heavily skewed towards long traders. This trend has now changed as short traders’ liquidations have ramped up in the past week owing to recovery above $20,000. Short Liquidations Ramp Up Coming out of the weekend, the price of bitcoin has been doing much better than it was during the weekdays. This has now…

Uganda Claims Exploration Surveys Discovered 31 Million Metric Tons of Gold – Bitcoin News

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While gold is often considered a scarce asset, Uganda explained on Wednesday that recently conducted exploration surveys indicate that there’s roughly 31 million metric tons of gold ore waiting to be mined in the region. Moreover, a spokesperson from Uganda’s Ministry of Energy and Mineral Development said there’s an estimated 320,158 tonnes of refined gold available. Uganda Claims the Country Has 31 Million Tonnes of Gold Ore — 320,158 Metric Tons of Refined Gold Is up for Prospect During the last five years, the value of one ounce of fine…

7.6 Million South Africans Are Crypto Investors, Social Media Main Source of Crypto-Related Information – Emerging Markets Bitcoin News

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About 22% of South Africa’s adult population, or 7.6 million people, are cryptocurrency investors, findings by a study done by Kucoin cryptocurrency exchange have shown. According to the study, 72% of the respondents said they get information concerning particular crypto projects via social media. Influencers and media personalities were also found to be key opinion leaders that are promoting cryptocurrencies. Influencers and Media Personalities Found to Be Key Opinion Leaders According to the findings of a new Kucoin study, about 22% of South Africa’s adult population aged between 18 and…

This oracle data provider platform has surpassed 4 million nodes since inception

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Can a fully-functional oracle network ecosystem that anonymously collects and validates geospatial (location-specific) data exist? One blockchain firm seems to have gotten the gist of the idea. Founded in 2012, XY Labs and its namesake protocol XYO, which is built on the Ethereum blockchain, seek to reward participants for the genesis, interpretation, analysis, and storage of data to be called upon for specific problems. There are currently over 4 million nodes worldwide on the XYO network.  In a recent ask-me-anything (AMA) session with Cointelegraph Markets Pro, Arie Trouw, founder of…

VeChain Foundation Lands $100 Million UFC Marketing Deal

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The VeChain Foundation, a leading enterprise-grade L1 smart contract platform and the Ultimate Fighting Championship (UFC), have announced a multi-year marketing collaboration. According to both partners, this deal is “first of its kind” and is aimed at “breaking market grounds” for the mixed martial arts organization and the blockchain-based company. With this deal, the VeChain Foundation will have an “unprecedented level of integration into key UFC assets.” Some aspects where the influence of VeChain will be visible include broadcast features, live events, in-arena promotion, and original contents reserved for UFC…

Optimism Attacker Returns 17 Million Stolen OP Tokens

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Optimism token was attacked earlier this week after the team announced that 20 million OP tokens were stolen. On Friday, the attacker behind the theft returned 17 million tokens. For returning the tokens, the attacker was rewarded with 2 million of the tokens. The funds were returned over the course of 17 transactions to an address belonging to Optimism, the Ethereum rollup provider.  Before the return of the tokens, the attacker sent an on-chain message to Vitalik Buterin, Ethereum co-founder, intimating him of their intention to return the full 18 million OP in their possession. …

Crypto Market Notices Over $600 Million in Liquidation As BTC Falls Below $25,000

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As of December 2020, the price of BTC dropped to about $25,000. Recently, the same occurrence took place in the crypto market. As a result, most altcoins are experiencing a price plunge, resulting in over $600 million in liquidation. Rundown Of BTC Price In June BTC looked promising at the dawning of June, hitting a selling price of over $32,000, being its all-week high. Hours later, there was a sudden slump in prices, bringing its selling price to around $30,000. Despite several attempts to push beyond this price, Bitcoin could…