Tag: Million

USDT Used to Launder $4 Million in Kenyan Bank Heist, Report Says

A major Kenyan bank is facing a significant internal breach, with about $4 million (KES 500 million) stolen by contractors involved in its IT infrastructure. Investigations indicate that USDT was central to the laundering process, with funds transferred to multiple offshore wallets, complicating recovery efforts. The Directorate of Criminal Investigations (DCI) has launched an investigation […] Source CryptoX Portal

Pump.fun Launches ICO, Raises $500 Million Within Minutes

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Memecoin launch platform Pump.fun raised $500 million in an initial coin offering (ICO) on Saturday, which sold out in about 12 minutes. The PUMP token has a maximum supply of 1 trillion, and 33% of the supply was allocated to the ICO. 24% of the supply was allocated to the ecosystem and future community projects, while 13% was reserved for existing investors, according to the memecoin platform. Of the 33% ICO allotment, 18% went to institutional investors, and 15% was offered to retail traders. Pump.fun’s ICO may signal the return…

Remixpoint Commits $215 Million to Bitcoin, Targets 3,000 BTC Reserve

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Remixpoint has raised $215 million (31.5 billion yen) to fund a significant bitcoin acquisition, setting a near-term goal of owning 3,000 BTC. The board cited long-term conviction in bitcoin’s value and corporate growth potential. Japanese Firm Remixpoint Raises Fresh Capital to Fund Major Bitcoin Acquisition Japanese energy and tech firm Remixpoint has announced a bold […] Original

Sold Out Snoop Dogg Telegram NFT Drop Generates $12 Million

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American rapper Snoop Dogg sold out a collection of almost a million non-fungible tokens (NFTs) on Telegram in 30 minutes on Wednesday, seemingly defying the notion that the NFT industry is “dead.” Snoop Dogg’s new digital gift collection of around 996,000 non-fungible tokens (NFTs) powered by the TON blockchain is “inspired by Snoop’s iconic style” and generated $12 million in sales, Telegram founder Pavel Durov said in an X post on Wednesday. “Blockchain minting and the secondary market go live in 21 days. It’s going to be wild,” he added.…

Japan’s Remixpoint steps up Bitcoin bet with $215 million raise

The Tokyo-based firm is doubling down on its Bitcoin strategy, now setting its sights on growing its reserve to the thousands. According to a July 9 disclosure, Remixpoint has secured 31.5 billion yen, worth approximately $215 million, through its latest round of financing. Every yen of the funds will go toward buying more Bitcoin (BTC) purchases, boosting the accumulation streak it commenced back in 2024. The company also revealed its short-term mission, which is to grow its holdings to 3,000 BTC. Per its statement, the actual number of coins acquired will…

H100 Group raises $54 million for its Bitcoin Treasury Strategy

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Swedish health tech firm H100 Group has raised over $54 million via share and convertible debenture issues to accelerate its Bitcoin accumulation strategy. H100 Group AB, a Swedish health technology company focusing on longevity and AI-driven health services, has successfully closed two key funding rounds, raising around SEK 516 million (~$54M). The capital raise was done via a directed share issue (Tranche 6, issuing 27.17 million shares at SEK 6.38) and a directed convertible debenture issue (Tranche 7, SEK 342.3 million, conversion price SEK 8.48). The directed share issue diluted…

Sequans Communications Raises $384 Million to Purchase Bitcoin

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Sequans Communications (NYSE: SQNS), a French semiconductor company, announced on Tuesday that it has successfully closed a $384 million private placement offering and will use the proceeds to buy bitcoin. Sequans has also struck a partnership with U.S.-based Swan Bitcoin, a financial services firm that specializes in bitcoin-focused wealth management. Swan will assist Sequans with […] Original