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Is It Too Late to Buy THORChain? RUNE Price Soars 33% as a Sleeper Meme Coin Approaches $1.5 million
10.11.2023
THORchain network’s native RUNE token has seen an impressive rally following a +33% pump, but with RUNE price trading high, investors are asking ‘is it too late to buy THORchain?’. The THORchain rally has been fuelled by incredible growth in Thorswap trading volumes, which...
Genesis seeks court's approval to reduce 3AC claim from $1B to $33M
10.11.2023
Bankrupt lender Genesis has asked the court to approve its proposed settlement agreement with the imploded crypto hedge fund 3AC
Is ApeCoin Going to Zero? APE Price Tumbles 10% in 1 Hour as Hot New Mining Coin Rakes in $3.7 Million
10.11.2023
Apecoin (APE) has tumbled -10% in a breakdown move, leaving Apecoin bag-holders dejected with APE price action asking ‘is ApeCoin Going to Zero?’. This comes following a brief resurgence for the leading NFT governance token, as price took a fleeting +46% rally from rock-bottom levels...
Crypto Exchange Kraken Helps UK Police Return $2 Million to Scam Victims
10.11.2023
Source: Adobe / Matteo Benegiamo Crypto exchange Kraken has partnered with the UK’s South East Regional Organised Crime Unit (SEROCU) to return nearly £2 million ($2.4 million) worth of stolen crypto to victims of a scam. Following the arrest of 40-year-old Dutch national Wybo Wiersma,...
Poloniex Hit by $114 Million Hot Wallet Heist; Justin Sun Pledges to Recover Funds
10.11.2023
Onchain data and reports have highlighted unusual outflows from cryptocurrency exchange Poloniex, prompting concerns of a possible hot wallet breach worth approximately $114 million. Justin Sun, the exchange’s proprietor and Tron’s creator, has stated that the incident is under...
Poloniex exchange suffers $100M exploit, offers 5% bounty
10.11.2023
Over $100 million in digital assets were transferred from a wallet belonging to crypto exchange Poloniex in what security firms believe to be a massive hack
Blockchain Security Firm Peckshield Reports Suspicious Activity in Poloniex Exchange Wallet – $60 Million Drained?
10.11.2023
Blockchain security firm, Peckshield has flagged suspicious activity on a wallet owned by centralized cryptocurrency exchange Poloniex suggesting alleged losses of over $60 million. The company has not disclosed the actual amount that was stolen but on-chain data outflows to the receiving wallet...
Crypto-Focused VC Lightspeed Faction Announces $285 Million Fund for Startups
10.11.2023
Source: Shutterstock Lightspeed Faction, a blockchain-focused venture capital (VC) firm, has revealed plans to launch a new $285 million fund aimed at investing in early-stage projects within the crypto industry. The VC, consisting of team members from prominent entities including Amber Group...
Lightspeed Faction launches $285M startup fund for crypto projects
9.11.2023
The crypto-oriented venture capital firm announced a fund that will invest in Seed and Series A rounds for promising blockchain projects
Microsoft enters $100M partnership with Canadian firm after quantum breakthrough
9.11.2023
Photonic’s founder and Chief Quantum Officer says the company can bring a quantum computer to market within the next five years
ARK Invest Adds $9.5M Worth of Robinhood Shares to Its Innovation Portfolios
9.11.2023
Source: Adobe Popular crypto-friendly investment firm ARK Invest has significantly increased its stakes in the commission-free investing app Robinhood. According to a November 8 investment sheet posted online, the investment firm secured 1,141,046 units of Robinhood shares, amounting to...
Polygon Labs Launches $85 Million Developer Fund to Attract Web3 Talent
9.11.2023
Polygon Labs launches major funding to draw blockchain developers. Image by akif, Adobe Stock. On Thursday, Ethereum scaling solution Polygon Labs announced the launch of an $85 million grant program with the goal of attracting top Web3 talent to build on its network. The initiative will provide...
Standard Chartered and SBI Holdings Collaborate on $100 Million Crypto Investment Venture
9.11.2023
Source: Pixabay SBI Holdings and Standard Chartered’s investment arm, SC Ventures, have joined forces to set up a $100 million joint venture in the United Arab Emirates targeting crypto startups. In a statement released on Thursday, the two companies announced the launch of their Digital Asset...
Ritual Raises $25M for AI Decentralization, Targets Universal Access with DeFi Integration
9.11.2023
Ritual raises $25M to build a decentralized AI network. Image by ipopba, Adobe Stock. Ritual, a startup building a decentralized platform for artificial intelligence, has raised $25 million in a seed funding round. The funding was led by venture capital firm Archetype, with participation from Robot...
Laos military says country's crypto operators owe $20M in unpaid taxes
9.11.2023
The government says the tax debt will be slashed by 50% in response to a pro-rated drop in cryptocurrency prices after the obligations were set
Is Trust Wallet Going to Zero? TWT Price Takes a Dive as Budding Meme Coin Surpasses $1.3 Million Milestone
9.11.2023
Web3 favourite Trust Wallet’s native token TWT price has taken a -21% tumble, leaving some panicked bag-holders asking ‘is Trust Wallet going to zero?’. The downtick in price action comes after Binance revealed the launch of their own Web3 self-custody wallet yesterday, triggering...
Cathie Wood’s ARK bags 1.1M Robinhood shares in one day
9.11.2023
Cathie Wood’s ARK Invest has continued accumulating Robinhood shares while dumping Grayscale Bitcoin Trust shares
Indian Government Misses on $420 Million in Crypto Taxes as 90% Trade Volume Shifts Offshore: Report
9.11.2023
Source: Pexels The imposition of a one percent tax-deducted-at-source (TDS) on the trading of cryptocurrencies in India has led to a massive shift of millions of users to offshore crypto exchanges, according to a recent report published by the Esya Centre. In February 2022, India’s Ministry...
Australian Crypto Wallet CoinSpot Hacked for $2.4 Million Worth of Ether – Report
9.11.2023
Source: Pixabay / Werner Moser Crypto sleuth ZachXBT has reported an exploit, involving Australian crypto platform CoinSpot, allegedly suffering over $2 million worth of Ether. According to a Telegram post by ZachXBT in the early hours of Thursday, attackers drained funds from CoinSpot’s hot wallet...
Marathon Digital Reports $97.5 Million Revenues in Q3 2023 With Massive Surge in Bitcoin Production
9.11.2023
Source: AdobeStock / Photocreo Bednarek Marathon Digital Holdings, a prominent Bitcoin mining company, has announced a remarkable financial performance in the third quarter of 2023. The company reported a substantial 670% year-on-year increase in profit, primarily driven by a nearly five-fold rise...