Tag: Million

Metametaverse Secures $2 Million — Aims to Achieve Metaverse Interoperability – Finance Bitcoin News

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Metametaverse, a company whose purpose is the integration and interoperation of different metaverses, has already secured funding of $2 million for this idea. Joel Dietz, the founding father of this initiative and also from the uber-popular wallet Metamask, has stated this task might be achieved by building a common pool of assets and experiences through a Level 1 blockchain like Ethereum or Bitcoin. The Metaverse Interoperability Question The idea of the Metaverse linked to digital experiences and token economies is relatively new, and just now hundreds of companies…

Optimism Raises $150 Million in Series B Funding Round Led by Paradigm and A16z – Bitcoin News

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Optimism, an L2 (Layer 2) rollup solution for Ethereum, has raised $150 million in its Series B funding round coming from big companies in the venture capital (VC) scene. The funding round was led by A16z and Paradigm, with the former also having invested during the previous funding round. The scaling solution reached a valuation of $1.65 billion with this fund injection, reaching well above unicorn status. Optimism Gets Backing to Keep Growing Optimism, a solution that allows for transacting on Ethereum with low fees, has scored a…

Japanese Fintech Firm Kyash Raises $41 Million, Jack Dorsey’s Block Participates in Funding – Fintech Bitcoin News

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A Tokyo-based financial technology company called Kyash has raised $41.2 million in a Series D funding round which saw participation from the Block (formerly known as Square). The investment into the Japanese mobile financial app firm is the Block’s first investment in the Asia Pacific region, according to the announcement. Fintech Firm Kyash Gets a Capital Raise Boost From the Block According to a report by Nikkei, the financial technology (fintech) company Kyash has raised $41.2 million in a Series D financing round. Kyash was founded in 2015 and is…

$1 million rock NFT sells for a penny in all ore nothing error

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It’s a hard rock life for one crypto user. A clumsy keystroke and the actions of a sniper bot caused a million-dollar mistake on March 10. A rock valued at 444 ether (ETH), or $1.2 million, sold for 444 Wei ($0.0012) to a bot as the seller, DinoDealer confused WEI and ETH. In a tweet, the seller said “in one click my entire net worth of ~$1 million dollars, gone.” How’s your week? Mine? I just erroneously listed @etherrock #44 for 444 wei instead of 444 eth‍♂️ Bot sniped it in…

Co-Founder of Bitmex Predicts Gold Rising to $10K, Bitcoin Marching to $1 Million – Featured Bitcoin News

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On March 16, Arthur Hayes, the co-founder of the cryptocurrency exchange Bitmex, published a blog post called “Energy Cancelled,” which describes the economics behind the ongoing Russia-Ukraine war. Hayes explains in his 26-minute long opinion piece that historians may point to February 26, 2022, as the time in history when the “Petro Dollar / Euro Dollar monetary system” ended. Speculation Concerning an Independent International Monetary and Financial System Free From the Petro Dollar and Euro Dollar Monetary System There’s been a lot of economic calamity since the start of the…

ASIC Mining Rig Manufacturer Canaan Reveals $100 Million Stock Buyback Program – Mining Bitcoin News

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The application-specific integrated circuit (ASIC) manufacturer Canaan has revealed the firm is offering a stock buyback for up to $100 million. Canaan’s chairman and CEO Nangeng Zhang highlighted in a U.S. Securities and Exchange Commission (SEC) filing that the move was due to issues with “recent international frictions” and “domestic quarantine measures for Covid-19 control.” International Conflict and Covid-19 Lockdowns Push Canaan to Launch a $100 Million Stock Buyback On March 16, the bitcoin mining rig manufacturer Canaan published a filing with the SEC that explains the firm is initiating…

Former Facebook Employees Get $200 Million To Create Blockchain System For Aptos

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Silvergate Capital purchased Diem’s tech assets for $182 million earlier this year, ending the grandiose ambition of Facebook to create a blockchain payments network. The transaction demonstrated how Facebook, now Meta, is left with few regulator-approved ways to become a key participant in the blockchain ecosystem. Some ex-Meta workers are taking up the open-source Diem blockchain mantle in an attempt to accomplish the idea of a decentralized network that they claim is created to support billions of users. It is geared to cater to substantial corporate clients early on. Blockchain System…

Kenyans Lost $120 Million to Cryptocurrency Scams in the Past Financial Year — Government Official – Emerging Markets Bitcoin News

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Kenyans are believed to have lost as much as $120 million to cryptocurrency scammers in the last financial year, a government official has said. The official, however, suggested the number of Kenyans losing funds this way can be reduced if the media helps by disseminating the right information. Media Told to Offer Guidance A Kenyan cabinet secretary has claimed his fellow countrymen lost about $120 million to crypto scammers in the last financial year. The secretary, Joe Mucheru, added that many Kenyans are getting scammed because they lack the proper…

‘Millionaire’ stablecoin wallet addresses surpass 12 million

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According to data compiled by Coin Metrics, the number of stablecoin wallet addresses with account balances over an equivalent $1 million USD has recently surpassed 12 million — up from 4 million one year ago. The stablecoins counted in the analysis include Tether ERC-20 (USDT), Tether TRC-20, Binance USD, DAI, GUSD, HUSD, PAX and USD Coin (USDC). The vast majority of addresses holding more than $1 million came from Tether TRC-20 (approximately 8 million), followed by Tether ERC-20 (approximately 3.4 million), and USDC (approximately 1 million). Save for a sharp…

Aptos, Led by Meta’s Ex-Employees, Gets $200 Million to Build a Scalable Blockchain System – Bitcoin News

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Aptos, a new startup created by some of Meta’s former employees involved in the Diem project, has announced it has raised $200 million for its upcoming goal of creating a scalable blockchain system. The investment, conducted in a strategic funding round, involves some well-known VC names, including Tiger Global, Katie Haun, Multicoin Capital, 3 Arrows Capital, FTX Ventures, and Coinbase Ventures. Aptos to Propose Scalability Solutions A group of Meta’s ex-employees that worked on Diem, and abandoned the company in December, are now dedicated to developing their own…