Tag: Million

DeFi Technologies subsidiary Valour surpasses $274 million in AUM

boss

On Wednesday, DeFi Technologies announced that its subsidiary Valour reached $274.2 million in assets under management. The company offers various cryptocurrency-denominated exchange-traded products, or ETPs, listed on European exchanges. Cointelegraph previously reported that Valour launched two such ETPs involving Uniswap (UNI) and Polkadot (DOT) last year. For each exchange-traded product of Valour that is bought and sold on the stock exchange, Valour purchases or sells the equivalent amount of the underlying digital assets. Some of the ETPs do not charge management fees. The firm’s ETPs include $95.2 million in BTC…

Nasdaq-Listed Microstrategy Obtains $205 Million Bitcoin-Backed Loan to Buy More BTC – Finance Bitcoin News

boss

Nasdaq-listed Microstrategy has obtained a $205 million bitcoin-collateralized loan from Silvergate Bank through a subsidiary to buy more bitcoin. “The interest-only term loan is secured by certain bitcoin held in Macrostrategy’s collateral account.” Company to Use $205M Bitcoin-Backed Loan to Purchase Bitcoin The Nasdaq-listed pro-bitcoin software company Microstrategy announced Tuesday that one of its subsidiaries has obtained a bitcoin-backed loan to purchase additional BTC. Microstrategy CEO Michael Saylor tweeted Tuesday: Macrostrategy, a subsidiary of Microstrategy, has closed a $205 million bitcoin-collateralized loan with Silvergate Bank to purchase bitcoin. Silvergate Bank…

$540 Million Worth of ‘Sleeping Bitcoins’ From 2014 Move — BTC Possibly Linked to Cryptsy Theft – Bitcoin News

boss

On March 29, blockchain parsers caught a sequence of 11 transactions totaling 11,325 bitcoin moving from unknown wallets created in 2014, to a great number of recipient addresses. Furthermore, the stash of bitcoin worth $540 million today is possibly linked to the Cryptsy theft, according to onchain analytics. 11,325 Bitcoins Move From Dormant 2014 Addresses, Assets May Be Linked to Cryptsy Theft A whole lot of bitcoin stemming from wallets created in 2014 moved on Tuesday and the funds may be tied to the Cryptsy theft. The now-defunct cryptocurrency exchange…

Axie Infinity Loses $620 Million After Hacker Compromised Ronin Validators – Bitcoin News

boss

According to Sky Mavis, the creators of the blockchain NFT game Axie Infinity, the Ronin network has been attacked, and a hacker has managed to siphon 173,600 in ethereum and 25.5 million usd coin (USDC). The attacker has obtained roughly $620 million worth of crypto assets, and the Ronin bridge and Katana Dex have been paused. The Largest NFT Blockchain Game Axie Infinity Suffers From a $620 Million Hack The largest non-fungible token (NFT) blockchain game, Axie Infinity, has suffered from an attack on Tuesday after the Ronin network validators…

Michael Saylor’s MacroStrategy Secures $205 Million Loan to Buy More Bitcoin

boss

MacroStrategy LLC has received a bumper loan from Silvergate Bank. The terms provide the company with $205 million earmarked for a massive bitcoin purchase. Also, MacroStrategy’s loan is collateralized by Bitcoin held by the firm’s parent company – MicroStrategy. According to a press statement released on Tuesday (March 29, 2022), MacroStragegy has secured a $205 million loan from Silvergate Bank, an affiliate of financial service provider Silvergate Capital Corporation.  MacroStrategy is also a subsidiary of the world’s largest analytics and business intelligence firm, MicroStrategy. CEO Michael Saylor revealed in a…

DeSo Blockchain Users Exceeds 1.5 Million, Decentralized Social Token up Nearly 90% within 24 hrs

New type of blockchain designed to power Web 3.0 decentralized social networks. DeSo Blockchain announced that they have created over 1.5 million accounts on their network. DeSo, short for “decentralized social,” is the first and only blockchain custom-built from the ground up to power and scale a new category of decentralized social applications to one billion users. The DeSo blockchain is supported by the non-profit DeSo Foundation, whose broad mission is to support the decentralization of social media. Decentralized Social was up nearly 90% in the last 24 hours, hitting…

Pro Trader-Focused NFT Marketplace Blur Secures $11 Million in Seed Round Led by Paradigm – Bitcoin News

boss

On March 28, the non-fungible token (NFT) marketplace Blur announced the company has raised $11 million in a seed round led by Paradigm. The NFT marketplace Blur says the startup is focused on building an institutional-grade NFT market that’s made “for pro traders.” Blur Raises $11 Million to Craft the Startup’s Institutional-Grade Products The NFT marketplace Blur announced the firm has raised $11 million in a seed funding round led by Paradigm. According to Blur, the round also saw participation from Egirl Capital, Keyboard Monkey, Ledgerstatus, 0xmaki, Santiago Santos, Zeneca,…

Indian Government Reveals 11 Crypto Exchanges Investigated for Tax Evasion, $13 Million Recovered – Taxes Bitcoin News

boss

The Indian government has revealed that 11 cryptocurrency exchanges have been under investigation by the country’s tax authority. About 95.86 crore rupees ($12.6 million) have been recovered from them. 11 Crypto Exchanges Investigated for Tax Evasion The Indian government answered some questions regarding the taxation of cryptocurrency exchanges Monday in Lok Sabha, the lower house of parliament. Parliament member S. Ramalingam asked the finance minister “whether it is true that some cryptocurrency exchanges were involved in evasion of goods and services tax (GST) and it was also detected that other…

Wombat Exchange Raises $5.25 Million in Series A Funding Led by Animoca Brands and Hailstone Ventures

boss

March 28, 2022 – Hong Kong, Hong Kong Wombat Exchange, a hyper-efficient multichain stableswap backed by Binance, has successfully closed a $5.25 million Series A funding round led by Animoca Brands and Hailstone Ventures. Additional investors in the round included BNB Chain, TPS Capital, GSR, Zokyo, Lunar Station, Eureka Trading, Silverstone, Unanimous Capital and CryptoWesearch. With this latest round of funding, Wombat’s valuation has increased to $70 million since its seed round investment led by Binance Labs in November 2021. Capital from this round will accelerate Wombat’s product development and…

UAE Venture Capital Firm Launches $100 Million Seed Fund for Blockchain and Crypto Projects – Emerging Markets Bitcoin News

boss

Cypher Capital, a United Arab Emirates (UAE)-based venture capital (VC) firm, has announced the launch of a $100 million seed fund that will primarily avail funding to decentralized finance (defi), gamefi, and metaverse projects. Mentoring of Entrepreneurs A United Arab Emirates (UAE)-based venture capital firm, Cypher Capital, recently announced it has launched a $100 million seed fund whose objective is to finance blockchain and crypto projects with genuine value propositions. As explained in a report published by Unlock Media, the VC firm is planning to be involved in the mentoring…