Tag: Million

Crypto Traders Lost $421 Million In Liquidations For The Past 24 Hours

boss

The crypto market has been bouncing back and forth in the past few days. Over 124,003 traders saw more than $421 million liquidated in a 24-hour period as prices tumbled wildly throughout yesterday and today. The crypto market is falling to new lows not seen since November. With a total loss of $421 million, Bitcoin (BTC) accounted for most of the losses, followed closely by Ethereum (ETH).  Related Reading | TA: Ethereum Bears Aim Big After Recent Breakdown Below $2.5K Crypto Traders Liquidations Figure Most of these liquidations occurred on…

Bitcoin’s 50% Dip From ATH Triggers Over $400 Million in Liquidations Across Crypto Market

boss

The leading crypto is down almost 15% in the last 7 days Bitcoin previously experienced relief after the FOMC meeting and turned the markets green A significant retrace below the $36,000 range followed shortly after Other tokens like ETH and LUNA are also experiencing huge dips from all-time highs and recent highs as well The total crypto market cap is down to $1.58 trillion  The latest market retrace caused massive liquidations across the market with ETH and BTC traders taking the biggest hits A technical analyst opined that the markets…

SEC Halts $62 Million Crypto Mining, Trading Scheme — DOJ Indicts Founder – Regulation Bitcoin News

boss

The U.S. Securities and Exchange Commission (SEC) has halted a $62 million global cryptocurrency trading and mining scheme and the Department of Justice (DOJ) has indicted its CEO and founder. If convicted of all counts, he faces a maximum total penalty of 45 years in prison, the Justice Department. SEC Halts $62M Global Cryptocurrency Fraud Scheme The US Securities and Exchange Commission (SEC) announced Friday that it has halted a fraudulent crypto mining and trading scheme. The SEC charged MCC International (aka Mining Capital Coin), its founders (Luiz Carlos Capuci…

Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoin USDD – Bitcoin News

boss

On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve announced it purchased 504.6 million tron (TRX) to back the algorithmic stablecoin, as the project aims to leverage a decentralized forex reserve similar to Terra’s UST reserves. Tron DAO Reserve and Justin Sun Reveal a $38 Million TRX Purchase Terra’s UST reserve system is becoming a popular scheme, and Tron’s USDD stablecoin project is following the pattern.…

SEC Fines Nvidia $5.5 Million for Failing to Disclose Crypto Mining Significantly Boosted Its Revenue – Regulation Bitcoin News

boss

The U.S. Securities and Exchange Commission (SEC) has charged Nvidia Corp. for failing to disclose that crypto mining significantly boosted its revenue. The company agreed to a cease-and-desist order and to pay a $5.5 million penalty. Nvidia Failed to Disclose That Crypto Mining Was a Significant Element of Its Material Revenue Growth The U.S. Securities and Exchange Commission (SEC) announced settled charges against technology company Nvidia Corporation Friday “for inadequate disclosures concerning the impact of cryptomining on the company’s gaming business.” The securities watchdog explained that during consecutive quarters in…

US Court Fines Bitmex’s Founders $30 Million for Operating Illegal Crypto Platform – Regulation Bitcoin News

boss

The founders of Bitmex have been ordered to pay $30 million “for illegally operating a cryptocurrency derivatives trading platform and anti-money laundering violations.” Arthur Hayes, Benjamin Delo, and Samuel Reed must pay $10 million each. Bitmex’s Founders Fined $30 Million The Commodity Futures Trading Commission (CFTC) announced Thursday that the U.S. District Court for the Southern District of New York has ordered Bitmex’s founders to pay a total of $30 million dollars “for illegally operating a cryptocurrency derivatives trading platform and anti-money laundering violations.” Noting that the three Bitmex co-founders…

Square Enix Closes $300 Million Sale of Western Studios to Bankroll Blockchain Pivot – News Bitcoin News

boss

Square Enix, the influential Japanese gaming and publishing company, has sold its Western studios and some of its Western intellectual properties (IPs) to Embracer Group. The deal, which values these properties at $300 million, will allow the company to focus on the development of new businesses more aligned with the refined direction of the company, which includes blockchain, the cloud, and AI as core elements. Square Enix Sells Assets to Refocus Its Business Square Enix, one of the most recognized Japan-based game publishing and development companies, announced the…

New Zealand VC Launches $5 Million Web3 and Crypto-Focused Fund – Finance Bitcoin News

boss

New Zealand-based venture capital firm Global From Day 1 (GD1) recently said it had launched a $5 million Web3 and crypto-focused venture capital fund to back local startups. The fund will invest in pre-seed to Series A companies across decentralized finance (defi), decentralized autonomous organizations (DAOs), non-fungible tokens (NFTs), and Web3. GD1’s Web3 and Crypto Strategy In a boost for New Zealand-based startups and local investors, GD1 has launched a $5 million Web3 and crypto-focused venture capital fund. The fund, known as GD1 Crypto Fund 1, will be led by…

Crypto Industry Leader Bitcoin.com Secures $33.6 Million in VERSE Token Private Sale – Promoted Bitcoin News

boss

On Wednesday, the leading crypto industry firm, Bitcoin.com, announced it has concluded a private sale of its VERSE token and secured $33,600,000 from strategic investors. VERSE is meant to bolster Bitcoin.com’s growing infrastructure by providing a utility token that rewards users for contributing to the Bitcoin.com ecosystem. Bitcoin.com’s Private Token Sale Raises $33.6 Million This week, Bitcoin.com revealed that it has completed a private sale of its VERSE token and raised $33.6 million from participating investors. For over seven years, Bitcoin.com has been an industry leader when it comes to…

NAFSTARS Announces a Successful Fund Raise of $1․7 Million – Press release Bitcoin News

boss

press release PRESS RELEASE. NAFSTARS, a Polygon-based play-to-earn [P2E] platform that allows users to collect artist branded cards from all around the globe and from every music genre, has announced a successful fund raise of $1.7 million in seed, token pre-sale, and NFTs. This announcement comes right after the Non-fungible Conference [NFC] in Lisbon, Portugal. Leveraging cutting-edge technology, NAFSTARS collects artists’ metrics such as streams, views, social media followers, and career milestones [gold, and platinum certifications] and translates them into scores. Hence allowing these cards to represent an artist’s real-life…