Tag: Million

Crypto Settlement Startup Zebec Gets $15 Million to Craft Programmable Cash Stream Payments – Finance Bitcoin News

[ad_1] The multi-signature treasury management and settlement startup Zebec has revealed the company has raised $15 million in order to bolster a continuous and programmable cash stream protocol on the Solana blockchain. Zebec says the company aims to be the “payment solution for DAOs, crypto projects, Web3 and the metaverse.” Zebec Raises $15 Million to Bolster Real-Time Settlement in Defi, Web3, Metaverse On Tuesday, Zebec the startup behind the “continuous and programmable cash stream protocol” built using the Solana network revealed the company raised $15 million from investors. Zebec details…

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Drake Wins More Than $1 Million In Bitcoin On Super Bowl Bet

[ad_1] Viral Canadian rapper Drake made waves last week when he placed over $1.26 million of BTC in bets for Super Bowl LVI, taking to Instagram to show the world his gamble on the Bitcoin casino and sports betting platform, Stake. Drake risked over $471k on the Rams to win outright, receiving a payout of more than $711k. The rapper also placed two other bets which were centered around Rams superstar and Bitcoiner, Odell Beckham Jr.  The bets both risked $393k each that Beckham would top 62.5 receiving yards and score at least one…

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MiamiCoin has now raised $24.7 million… but who will benefit?

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[ad_1] Recently, Cointelegraph spoke to Miami Mayor Francis Suarez following the announcement that Miami residents with a digital wallet can earn a Bitcoin dividend. The company that sets up the infrastructure to get Bitcoin dividends into the hands of citizens is CityCoins, an open-source protocol that provides fundraising mechanisms for cities.  Miami and New York City are the two inaugural cities to begin fundraising, via MiamiCoin and NYCCoin respectively. However, neither Miami nor New York City actually own MiamiCoin (MIA) or NYCCoin, instead their treasury wallets are full of Stacks…

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Auditing Firms Claim Crypto.com Lost $15 Million in Incident as Users Report Suspicious Activity – Bitcoin News

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[ad_1] Crypto.com, a leading cryptocurrency exchange, experienced an incident on January 17 when some of its users reported strange activity in their accounts. The exchange acknowledged the event, and conducted an investigation immediately after, declaring that all funds were safe. However, reports from security and blockchain auditing firms Certik and Peckshield indicate that some funds were removed from exchange wallets. Crypto.com Suspends Withdrawals After Suspicious Activity Reported Crypto.com, a cryptocurrency exchange, suspended normal withdrawal operations after customers reported having experienced suspicious activity regarding their accounts. In its first…

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OpenSea raises $300 million for encrypted digital marketplace

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[ad_1] The nonfungible token (NFT) market is gaining momentum as the next frontier in collectibles, gaming and the metaverse.  To accelerate this vision, OpenSea announced on Jan. 4 that it has secured $300 million in a Series C funding led by Coatue and Paradigm. OpenSea is a digital market based on the Wyvern Protocol, which is composed of custom-built Ethereum smart contracts that are expressly created for buying and selling unique digital assets. The marketplace was established in 2018. With the most recent investment, OpenSea’s value has now surpassed $13.3…

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Bitcoin Treasuries List Claims 59 Companies and a Handful of Countries Hold 1.49 Million BTC – Featured Bitcoin News

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[ad_1] 304 days or roughly nine months ago, 42 companies held bitcoin on their balance sheet with an aggregate total of 1,350,073 bitcoin on March 1, 2021. Today, metrics indicate there are 59 companies, a few countries, and exchange-traded funds (ETFs) with 1,499,493 bitcoin held in treasuries. Private and Public Companies, ETFs, and Countries — Treasuries List Highlights 59 Firms With Bitcoin on Their Balance Sheets Over the last 12 months, a great number of companies have disclosed that they have added bitcoin (BTC) to the firm’s balance sheet and…

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Hong Kong Authorities Arrest Two Siblings Accused of Laundering $384 Million via Banks, Crypto Platform – Regulation Bitcoin News

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[ad_1] Authorities in Hong Kong have arrested two individuals accused of laundering about $384 million using various avenues including a cryptocurrency exchange trading platform. If convicted, the two face a maximum jail sentence of 14 years plus a fine of $5 million. An Indictable Offense Two people accused of laundering about $384 million using a cryptocurrency exchange platform have been arrested, the Hong Kong regional government has said. The arrest of the two, a 28-year-old woman and her 21-year-old brother, followed a raid on their residential premises conducted by the…

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Polygon, Reddit Co-Founder’s VC Firm Launch $200 Million Social Media Web3 Fund – Bitcoin News

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[ad_1] The team behind Polygon, the protocol dedicated to interconnected blockchain networks like Ethereum, and Alexis Ohanian’s Seven Seven Six venture capital company have revealed a $200 million investment fund in blockchain-based social media projects. According to the announcement, the partner’s mission is to attempt to bridge blockchain, Web3 technology, and social media together. Polygon and Alexis Ohanian’s Seven Seven Six Launch $200 Million Fund Dedicated to Web3, Blockchain, and Social Media Polygon and Alexis Ohanian’s firm Seven Seven Six plan to bolster Web3 technology with social media via blockchain…

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MicroStrategy Buys 1,434 Bitcoin For $82 Million

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[ad_1] Software intelligence company and bitcoin accumulator MicroStrategy has increased its BTC holdings with a recent acquisition of 1,434 coins, according to a Securities and Exchange Commission (SEC) filing Thursday. The purchase was made between November 29 and December 8 for $82.4 million in cash, valuing each BTC bought at about $57,477 on average. The acquisition came a little over a week after the company announced it had purchased more than 7,000 BTC for $414.4 million. MicroStrategy said it now holds approximately 122,478 bitcoin acquired at an average price of…

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French fintech startup Lydia raises $100 million in Series C funding round

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[ad_1] French crypto-friendly fintech startup Lydia has raised $100 million in a Series C funding round, per a report in TechCrunch.  The latest capital raise reportedly helped Lydia attain unicorn status with a valuation of over $1 billion.  The $100-million fundraise comes nearly a year after its Series B funding round of $86 million in December 2020. The round was led by investors Tencent and Accel and saw participation from Dragoneer and Echo Street. The fintech startup aims to use the fresh capital to expand its footprint in Europe. The…

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