Tag: Million

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

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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

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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

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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

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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…

Nevada Man Pleads Guilty in $722 Million Fraudulent Cryptocurrency Scheme – Regulation Bitcoin News

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A Nevada man has admitted his role in laundering funds solicited for the Bitclub Network, a $722 million fraudulent cryptocurrency scheme. He also pleaded guilty to tax offenses. Bitclub Network Investor Pleads Guilty The U.S. Department of Justice (DOJ) announced Thursday that Gordon Brad Beckstead, a 57-year-old from Henderson, Nevada, has pleaded guilty in connection with the Bitclub Network fraud. The announcement details: A Nevada man today admitted his role in laundering funds solicited for Bitclub Network, a $722 million fraudulent cryptocurrency scheme. The DOJ explained that the Bitclub Network…

Number of Addresses Holding BTC Taps 40 Million, Non-Zero Bitcoin Address Metric Grew 92% Since 2018 – Bitcoin News

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While bitcoin has risen in value in recent times, jumping 8% during the last seven days, statistics show that the number of addresses holding bitcoin has surpassed 40 million addresses. Metrics from the analytics web portal intotheblock.com show addresses that hold any fraction of bitcoin tapped a 30-day high on March 24, reaching 40.25 million addresses. Addresses That Hold a Small Fraction of Bitcoin or More Swelled Past 40 Million Non-zero bitcoin (BTC) addresses or accounts that hold at least a single satoshi of BTC has grown at a parabolic…

Crypto Pyramid Busted in Russia, Losses Exceed $10 Million – Bitcoin News

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Russian law enforcement agencies have gone after the organizers of a large crypto pyramid which has been promising extraordinarily high returns. The Ponzi scheme is being unraveled after a similar project defrauded thousands of investors in Russia, the region, and far beyond. Police Find Crypto Pyramid Organizers in Dagestan, Russia Officers from the Federal Security Service (FSB) and the Ministry of Internal Affairs in the Russian republic of Dagestan have identified persons suspected of organizing a major financial pyramid offering victims profits of up to 500% per year on their…

Bitcoin Almost Hits $44,000 With Terra $125 Million BTC Purchase Tempo Up

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Since Jan. 24, Bitcoin has been rising above an ascending support line. Thus far, the cryptocurrency has confirmed the line many times, and the subsequent rebound has resulted in the continuous upward movement. The price is rapidly approaching the $44,000 horizontal resistance line, which BTC has not traded above since the first week of January. Wednesday’s price decline was brief, as bitcoin surged to a fresh three-week high above $43,000. The majority of altcoins have also entered the green zone, led by Dogecoin, Shiba Inu, Cardano, and NEAR Protocol. Bitcoin…

Accelerated Development of Pi Blockchain Yields Decentralized KYC Solution, 33 Million Engaged Users, and More on Path Towards Open Mainnet

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An Examination of the Social Cryptocurrency Reveals Numerous Recent Achievements and an Exciting Future On March 14, 2022, Pi Network celebrated its 3rd anniversary with important announcements and updates. The network defined future plans and shared  progress in terms of technology, product, and community growth since last year’s Pi Day. Pi Network Growth March 14, 2021 – March 14, 2022 Pi Network had an amazing year of growth filled with accomplishments that fulfilled its roadmap objectives and grew the utility of the network. In the last year, Pi Network launched…