Tag: Million

Hacker Siphons $80 Million From Qubit Cross-Chain Bridge, Largest Defi Exploit of 2022 to Date – Bitcoin News

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Findings stemming from a recent report published by the security-focused blockchain firm Certik indicate that the Binance smart chain ↔ Ethereum bridge called Qubit has been hacked for $80 million. Data shows on January 27, 2022, an attacker siphoned a number of tokens from an exploit on Qubit Finance’s bridge and Certik says the hack is “by far the largest exploit of 2022 to date.” Qubit’s Binance Smart Chain ↔ Ethereum Cross-Chain Bridge Attacked for $80 Million in Defi Tokens A decentralized finance (defi) exploit tied to Qubit Finance’s Binance…

Next Earth Rises With $2.1 Million Raised From 3,100 Users

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Traditional and digital asset markets alike have been rattled in recent weeks with steep downturns. But for Next Earth, this is a time of fast-paced growth. Next Earth’s NXTT token’s presale commenced on January 22 on Next Earth’s proprietary Launchpad platform, which provided a ticket-based system that the Next Earth community preferred for the token presale, in addition to the flexibility that enabled the most efficient and equitable distribution of tokens for the economy in the long-term. DEX trading started on January 27. In total, 3,100 users participated in the…

Crypto Startup Swing Secures $6 Million In Strategic Funding Round

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Swing, a blockchain startup that enables cross-chain liquidity and liquidity aggregation across blockchains, announced that it has raised USD 6 Million in a strategic funding round from leading investors in the blockchain ecosystem. Housing several trading, lending, and borrowing protocols, the Ethereum ecosystem dominates the decentralized financial (DeFi) area. This has reverberated across the network, pushing Ethereum to its limits but also speeding up the pace of invention and experimentation. Swing leverages layer 1 and layer 2 solutions like Polygon, Binance Smart Chain, Avalanche, Solana, Arbitrum, and more to get…

Qubit Finance suffers $80 million loss following hack

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High-profile hacks have become more prevalent throughout the cryptocurrency market, and Qubit Finance is one of the latest decentralized finance (DeFi) protocols to be exploited by hackers. Hackers were able to access and steal over $80 million from Qubit Finance which is based on Binance Smart Chain the protocol confirmed via a tweet Friday. The addresses linked to the assault stole 206,809 Binance Coin (BNB) from Qubit’s QBridge protocol. The assets are valued at more than $80 million at the time of writing. Did @QubitFin just get hacked for $80M? Check out…

Renowned VC Mark Carnegie Leads $30 Million Investment Round in Blockchain Software Firm Chrono.Tech

Chrono.Tech is turning many heads by its venture into disrupting the HR and recruitment industry. The team aims to leverage blockchain technology to streamline the many day-to-day processes in this segment. That vision has attracted over $30 million in funding, according to today’s press release. Chrono.Tech Spans Many Solutions Blockchain technology can, in theory, disrupt and streamline many businesses, processes, and operations. Making an impact on the HR and recruitment strategy is one possibility, although it hasn’t been explored in-depth yet.Chrono.Tech aims to change that narrative, as the Australian blockchain…

Chrono․Tech Attracts $30 million Investment – Press release Bitcoin News

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press release PRESS RELEASE. Australian asset manager Mark Carnegie and a European Family Office have recently taken stakes in the company, totalling around $30 million, as Chrono’s ecosystem soared in activity and value over the course of 2021. The growth of the crypto market and blockchain sector has been nothing short of sensational over the course of 2020 and 2021, but Sydney blockchain company Chrono.Tech has enjoyed a particularly impressive run. Chrono’s suite of blockchain-based solutions for the HR and recruitment industry have attracted large numbers of new users as…

FTX US Raises $400 Million in Series A, Trading Platform’s Valuation Now $8 Billion – Finance Bitcoin News

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On January 26, the crypto asset exchange FTX US revealed it raised $400 million in a Series A financing round stemming from investors like Softbank, Paradigm, and Multicoin Capital. The Series A investment in FTX US brings the U.S.-based trading platform’s post valuation to $8 billion. FTX US Reveals $400 Million Capital Raise, Firm Aims to Expand Staff to ‘100-Strong’ Following parent company FTX raising $420.69 million three months ago, the U.S.-based trading platform FTX US announced it has raised $400 million in a Series A funding round. The Chicago-based…

Blockchain-Based Mobile Gaming eSports Ecosystem Colizeum Closes $8.4 Million In Funding

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Fresh capital and talent injection to expand platform’s offerings for mobile game developers Led by renowned investors like Deribit, SevenX Ventures, Axia8, LD Capital, and Genblock Capital, Colizeum, the blockchain-based mobile gaming eSports ecosystem, has closed an $8.4 million round during its latest fundraising drive. Other prominent industry leaders, including TPS Capital, Momentum6 (Lumen Capital Group), DWeb3, X21, Profluent Ventures, Good Games Guild (GGG), CRT Capital, Au21 Capital, Pluto Digital, Basics Capital, and Tokenomik.io, also participated in this highly subscribed funding round. Founded in 2021, the Colizeum development team has…

Bullish Exchange Hits Record Daily Trading Volume of $300 Million

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Bullish, a prominent technology firm in the digital asset ecosystem, recently announced that the Bullish Exchange saw record numbers on 25 January 2022. According to the details shared by the company, the total 24-hour trading volume on the exchange crossed $300 million on Tuesday, the highest level on record. In total, the platform crossed $5 billion in trading volumes. Launched in November 2021, Bullish Exchange witnessed consistent growth in the last few weeks. In terms of 24-hour trading volumes, the company achieved the milestone of $100 million on 9 December…

Why Bitcoin Could Be Worth $1 Million Per Coin By 2030

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ARK Invest, the brainchild of savvy investor Cathie Wood, has had a rough go over the past few months. The flagship fund ARKK is down nearly 60% from it’s record high last year, however Wood and her team of analysts aren’t stopping their full-focus on innovative and forward-thinking investments – even when fundamental investments are running the show. This week was host to ARK’s ‘Big Ideas Summit,’ and ARK crypto analyst Yassine Elmandjra supplemented that material with a boisterous bitcoin tweet that will be music to BTC maxi’s ears. Cathie…