The Philippine Department of Justice (DOJ) has charged two Russian nationals with stealing PHP340 million ($ 6.2 million) worth of XRP cryptocurrency from a local crypto exchange. The suspects allegedly hacked Coins.ph’s system to commit the theft. The DOJ emphasized the importance of vigilance against cybercrime despite ongoing efforts to combat these threats. Philippine …
According to onchain data, a dormant bitcoin wallet created 11 years and nine months ago on Sept. 25, 2012, has transferred 1,000 bitcoins valued at $ 60 million to an unknown wallet for the first time. 11-Year-Old Bitcoin Wallet Transfers 1,000 BTC for the First Time An old BTC wallet established on Sept. 25, …
Blockchain firm Partior announced on July 12 that it had closed a $ 60 million Series B funding round led by Peak XV Partners. The investment will be used to enhance Partior’s capabilities, including intraday foreign exchange swaps, cross-currency repos, and just-in-time multi-bank payments. Partior Aims to Integrate Ten More Currencies JPMorgan and Standard …
Pixelverse, a Web3 gaming ecosystem, has secured an additional $ 2 million in funding, bringing its total private round to $ 7.5 million. This funding was provided by several Web3 venture capital firms and prominent angel investors. Web3 Gaming Platform Pixelverse Secures $ 2M in Latest Funding Round Galaxy Interactive, Crit Ventures, …
The U.S. Securities and Exchange Commission (SEC) announced this week that the U.S. District Court for the Eastern District of Michigan has issued default judgments against Garry Davidson and Linda Knott for their involvement in a fraudulent $ 45 million Coindeal scheme. Davidson and Knott were accused of deceiving investors with false promises of …
According to a government minister, Malaysia lost $ 727 million worth of electricity stolen by illegal crypto miners between 2018 and 2023. The minister also warned that power companies have methods to detect unauthorized mining activity. Illegal Crypto Mining Detrimental To Malaysians Says Minister Between 2018 and 2023, the theft of electricity by illegal …
Tanzanian fintech startup Nala recently secured $ 40 million in a Series A funding round led by San Francisco-based venture capital firm Acrew Capital. The funds will be used to bolster Nala’s business-to-business (B2B) payment platform and support its overall growth plans. New Funding to Support Nala’s Growth Plans Tanzanian fintech startup Nala recently …
The U.S. Federal Reserve has imposed a $ 60.6 million fine on Citigroup for continued failures in its risk management and data quality practices. The enforcement action follows Citigroup’s insufficient progress in addressing deficiencies identified in a 2020 order. Citigroup Faces $ 60.6 Million Fine from Federal Reserve for Risk Management Shortcomings In …
Venture capital firm Hypersphere has announced the launch of its new liquid fund, Atlas, managing over $ 130 million in assets. Atlas aims to capitalize on the inefficiencies in the young crypto markets through a diverse range of trading strategies. Hypersphere’s New Atlas Fund Aims to Target Optimized Crypto Returns The Atlas fund, which …
PRESS RELEASE. Satoshi Protocol, a pioneering project building a “universal” stablecoin designed specifically for the Bitcoin ecosystem, successfully closed a $ 2 million seed funding round in May 2024. Led by CMS Holdings and RockTree Capital, the round signifies strong investor confidence in Satoshi Protocol’s vision of unlocking Bitcoin’s full potential. This funding round …
The High Court of Singapore has awarded Fantom Foundation Ltd. damages totaling $ 2.19 million in a case against Multichain Foundation Ltd. and Multichain Pte Ltd. This ruling followed a default judgment due to Multichain’s failure to deliver 4.175 million FTM tokens or their equivalent value. Singapore Court Rules in Multichain Case Fantom Foundation …
The Venezuelan migrant population, now exceeding 7 million, has used crypto to send over $ 460 million in remittances to the ones left behind in the country. According to Chainalysis, 30% of Venezuelan households received some form of remittance in 2023, with 9% using crypto as rails to reach their receivers efficiently. Venezuelan Migrants …
Billionaire Jack Dorsey foresees a future where bitcoin could supplant the U.S. dollar as the dominant global currency. He envisions a scenario where bitcoin’s value could soar to $ 1 million by 2030. Highlighting the cryptocurrency’s decentralized nature, Dorsey underscores its potential to democratize financial systems and reduce reliance on traditional banking institutions. Jack …
Rich Dad Poor Dad author Robert Kiyosaki predicts an imminent economic crash followed by a significant bull market where bitcoin could easily reach $ 10 million per coin, gold could reach $ 15,000 an ounce, and silver possibly $ 110 an ounce. Kiyosaki suggests this cycle is inevitable due to declining trust …
According to metrics, the prediction market Polymarket has experienced notable volume over the past few weeks, with the firm reporting it accrued over $ 100 million in June and $ 8.2 million on the day the 2024 presidential candidates Donald Trump and Joe Biden debated on stage. The Rising Influence of the Prediction …