Tag: Million

Blockchain Forensics Firm Uncovers 15 Million Crypto Addresses Tied To Sanctioned Russians

A crypto forensics firm announced the discovery of information on a digital wallet believed to be associated with Russian oligarchs and sanctioned officials. Tom Robinson, co-founder of Elliptic, disclosed Monday that the wallet has large digital asset holdings worth millions of dollars. The blockchain security firm has been collaborating with law enforcement to expose cryptocurrency wallets associated with sanctioned individuals or corporate entities. Related Article | Mexican Drug Cartels Sneak In $25 Billion A Year Using Bitcoin To Fund Operations Illicit Crypto Wallet Elliptic has discovered more than 15 million digital wallet…

Terraform Labs Donates 12 Million LUNA to Luna Foundation Guard – Bitcoin News

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Terraform Labs, the company behind the creation of Terra, has announced a new donation to support the ecosystem of the terra (LUNA) token. Do Kwon, CEO of Terraform Labs, announced that the company has donated 12 million LUNA (approximately $1.2 billion) to the Luna Foundation Guard (LFG) with the goal of continuing to grow its decentralized forex reserve to intervene during stressful market conditions if necessary. Terraform Labs Fills LFG Vaults Terraform Labs, creator of the terra token, is putting funds toward supporting the growth of its flagship…

Canadian Police Seize Bitcoin Worth $28 Million From Former Government Employee in Ransomware Case – Regulation Bitcoin News

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Canada’s police have seized bitcoin worth more than $28 million from a former government employee who has been extradited to the U.S. to “face charges for dozens of ransomware attacks resulting in the payment of tens of millions of dollars in ransoms.” Canadian Authority Seizes Bitcoin Worth $28 Million The U.S. Department of Justice (DOJ) announced Thursday that a former Canadian government employee was extradited the previous day from Canada to the U.S. to “face charges for dozens of ransomware attacks resulting in the payment of tens of millions of…

Demand for UST Keeps Rising, Luna Foundation Guard to Burn 4.2 Million LUNA From Treasury – Bitcoin News

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The Luna Foundation Guard (LFG), a nonprofit organization, has announced new measures to keep the supply of UST, the flagship stablecoin of the Terra ecosystem, liquid in secondary markets. The protocol has already reached the max issuance of UST per day, but demand is strong enough that the foundation will have to burn more LUNA to guarantee the supply of UST in these markets. Luna Foundation Guard to Burn 4.2 Million LUNA for UST The Luna Foundation Guard, an organization dedicated to supporting projects from the Terra ecosystem,…

Crypto Exchange Kraken Pledges Over $10 Million to Support Ukrainian Users – Exchanges Bitcoin News

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Kraken is planning to hand out more than $10 million in aid for clients affected by the military conflict in Ukraine. The amount covers the fees paid by Ukrainian residents in almost a decade and will also include those withheld from Russian traders in the first half of 2022. Kraken Exchange to Give $1,000 in Bitcoin to Each Eligible Ukrainian Customer U.S.-based crypto exchange Kraken is preparing to distribute $10 million to Ukrainian customers suffering from the Russian invasion. Between March 10 and July 1, clients who created an account…

Mega Awakening — Whale Transfers 429 ‘Sleeping Bitcoin’ From 2010 Worth Over $16.8 Million – Bitcoin News

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After tapping a 24-hour high at $42,592 per unit, the price of bitcoin lost the gains it gathered on Wednesday, sliding more than 5% during Thursday morning’s trading sessions. Meanwhile, as crypto prices fluctuated, an odd bitcoin transaction from 2010 was transferred at 1:45 a.m. (UTC) moving 429 bitcoin worth $16.8 million. Large Sum of ‘Sleeping Bitcoin’ Transferred After More Than 11 Years of Slumber Crypto prices have been shaky during the last few days amid the Russia-Ukraine conflict and increased pessimism toward the global economy’s future. After falling to…

Avalanche Foundation Launches $290 Million ‘Multiverse’ Incentives Program for Subnets – Defi Bitcoin News

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The Avalanche Foundation has announced a new incentives program to support the use of subnets. The organization announced that the program, dubbed “Multiverse,” will connect developers with a fund of up to $290 million, approximately 4 million AVAX, to incentivize the growth of subnets, a trait that allows AVAX to spur multiple networks that share common computing resources. Avalanche ‘Multiverse’ to Incentivize Subnet Usage The Avalanche Foundation has just announced a new incentives program that seeks to put subnets, a core trait of the Avalanche protocol, in the…

Bored Ape Yacht Club Donates $1 Million in Ethereum to Ukraine Following Community Efforts – Bitcoin News

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On March 8, the team behind the Bored Ape Yacht Club (BAYC) donated $1 million in ethereum to the Ukraine government’s ether wallet. The BAYC team donated the funds in order to match BAYC community members that raised nearly $1 million in donations to Ukraine as well. BAYC Matches Community Donations, Sends $1 Million in Ether to Ukraine Government’s Ethereum Wallet At the time of writing, statistics stemming from seven different crypto donation programs indicate that $40.58 million worth of Ethereum-based digital assets have been donated to Ukraine. The Ukraine…

Cake DeFi Launches A $100 Million Investment Arm To Foster Web3 And Gaming Development

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Cake DeFi seeks to strengthen its position in the DeFi and Web3 world. The team will invest up to $100 million into startups and promising projects through its new corporate venture arm. It is a substantial move by the regulated global fintech platform, confirming the need for better industry infrastructure. Cake DeFi Goes The Extra Mile Getting more people into the cryptocurrency fold remains one of the biggest industry channels. Yet, despite growing mainstream and institutional interest, decentralized finance and Web3 remain in the early stages of development. The Cake…