A court in British Columbia, Canada, has ordered Daniel Tambosso to repay Hung Nguyen $ 1.2 million for a loan of 22 bitcoins made in 2021. Nguyen, a Canadian real estate agent, claimed the loan constituted his entire savings, and Tambosso’s failure to repay has severely impacted his finances and mental health. Tambosso, claiming …
In August, approximately $ 310.9 million was lost to exploits, hacks, and scams. However, digital assets worth $ 10.3 million were recovered, resulting in a net loss of $ 300.6 million. According to the security firm Certik, this is the second-highest monthly loss in 2024 so far. While May had the highest …
Spot bitcoin exchange-traded funds (ETFs) faced another round of outflows as five funds pulled out $ 175.67 million. At the same time, despite a trading volume of $ 173.66 million, ether ETFs saw no net gains or losses on Friday. Bitcoin ETFs Lose $ 175 Million; Ether ETFs Show No Change Bitcoin …
A Washington resident has been charged with involvement in a $ 64 million cryptocurrency laundering scheme. He allegedly deceived investors, posing as an escrow agent, and transferred funds into his accounts. The funds were moved offshore or converted to cryptocurrencies such as bitcoin and ethereum via exchanges like Gemini, Bitstamp, Coinbase, and Binance. Investigators …
On Thursday, the first Solana spot exchange-traded fund (ETF) product raised over $ 2.75 million during its public offering on B3, the Brazilian stock exchange. The product, previously approved for trading by the Brazilian securities regulator (CVM), is offered by QR Asset, which also has a bitcoin-based ETF product. The offering managed to raise …
The New York-based digital asset manager, Parafi Capital, has secured $ 120 million to invest in general partner stakes of crypto funds. These funds focus on specific market segments, strategies, or geographic locations. With this funding, Parafi Capital aims to build a portfolio of 30-50 general partner stakes in crypto funds. Parafi Capital Prioritizes …
Omnisient, a South African fintech startup, secured a $ 7.5 million Series A investment from Arise to support its mission of enhancing financial inclusion across Africa and beyond. The investment will help Omnisient expand its technology to African, European, and U.S. markets. The startup is also seeking strategic partners in the U.S. market and …
Double Jump.Tokyo, a Japan-based Web3 gaming company, has secured over $ 10 million in its Series D first closing led by SBI Investment. The round, which had the participation of Sony Group Corporation and others, will allow the company to continue developing blockchain games and offering related services, strengthening its talent base at the …
A new report reveals a significant increase in wealthy crypto asset holders, with bitcoin (BTC) millionaires rising 111% to 85,400 and individuals with crypto assets worth $ 1 million increasing 95% to 172,300. Dominic Volek of Henley & Partners attributes this surge to the introduction of crypto exchange-traded funds (ETFs) and a BTC rally …
Solayer has raised $ 12 million in a funding round led by Polychain Capital to advance its integrated restaking network on the Solana blockchain. The initiative aims to address Solana’s scalability and transaction inclusion challenges by leveraging a novel approach to staking and network bandwidth optimization. Solana Restaking Project Solayer Attracts $ 12 …
Telegram’s founder and CEO, Pavel Durov, is still in hot water in France, facing multiple criminal charges linked to activities on his messaging platform. The French court reportedly set his bail at €5 million, and he’s now prohibited from leaving the country. French Authorities Charge Telegram CEO Durov After Durov was taken into custody last […]
Space and Time (SxT) Labs has announced the completion of a $ 20 million Series A funding round, led by Framework Ventures and supported by several prominent investors. SxT Labs disclosed that the funding aims to accelerate the company’s development of tools that bridge the gap between artificial intelligence (AI) and blockchain technology. Space …
United Arab Emirates-based investment firms Hodler Investments and Gewan Holding have announced plans to launch a $ 500 million Digital Energy Infrastructure (DEI) Fund. This fund aims to invest in energy infrastructure projects that support the growth of the digital economy. The DEI Fund will invest in a variety of projects, including power generation, …
Investors are taking notice as Base Dawgz (DAWGZ), a new meme coin on the Base chain, approaches the end of its presale. With only two days left, investors are rushing to take part – with many comparing DAWGZ to the ultra-successful Brett (BRETT) token. The Final Countdown – DAWGZ Presale Nears Its End The Base […]
Coinshares, led by researcher James Butterfill, reports a significant uptick in bitcoin inflows following recent comments from Federal Reserve Chair Jerome Powell. The investment surge reflects the market’s response to potential interest rate cuts hinted at during the Jackson Hole Symposium. Powell’s Comments Correlate With $ 543 Million Bitcoin Inflow, Coinshares Observes According to …