South African cryptocurrency exchange Valr announced recently that it has raised $50 million in a Series B round led by Pantera Capital. The capital raise means Valr is now valued at a reported $240 million. Funds Raised to Finance Valr’s Expansion Into Other Markets The South African cryptocurrency exchange, Valr, recently announced that it raised …
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The dollar value of all crypto staked in the Terra (LUNA) ecosystem is now higher than the platform’s primary rival, Ethereum (ETH). A surge in LUNA’s price has sent the total value of LUNA staked to $30,207,957,209 at time of writing, according to new numbers from Staking Rewards. That compares to $28,176,086,261 in total value …
Reports emerged on Mar. 3 of an exploit discovered on the TreasureDAO Marketplace NFT trading platform that allows a user to buy items at zero cost no matter the listing price or floor price of the collection. Security specialist for Metamask and MyCrypo harry.eth tweeted on Mar. 3 around 1 am UTC, confirming that there …
In a move that may suggest growing institutional interest in cryptocurrencies and NFTs, Nomura Holdings has announced it is establishing a new digital assets team to look into possible opportunities in the asset class. The wealth management company said that it was restructuring its Future Innovation Company into a brand new Digital Company, which will begin …
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Chinese tech conglomerate Tencent has filed for a virtual concerts patent with the Chinese National Intellectual Property Administration (CNIPA), according to business data-tracker Qichacha. The application comes as Chinese companies race to secure metaverse trademarks. The People’s Bank of China (PBoC) took a strong stance against the Metaverse and nonfungible tokens (NFTs) in November, stating …
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HodlX Guest Post Submit Your Post International sanctions are designed to hurt the country as a whole, and as a result, innocent people and small businesses are the most affected. They rarely hurt those who are ‘in charge.’ Ukrainian and Russian people woke up to a war that neither of them agreed to. Russia faced …
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The unique number of NFT buyers in February dipped below 800,000 for the first time since October, and search volume for nonfungibles also dropped significantly. According to data from CryptoSlam, there were 796,009 NFT buyers on secondary markets in Feb. (down 12% compared to Jan.) that accounted for roughly $2.6 billion worth of sales (down …
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Solana-based NFT marketplace Snowcrash has announced that Sony Music and Universal Music Group — the two largest music labels in the world — have officially partnered with the upcoming platform. The two music labels will release Bob Dylan and Miles Davis NFT collections later this year, ahead of wider integration with their rosters of artists. …
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PrivacyHQ surveyed over 1,000 individuals in the US who actively invest in and own NFTs to uncover how they are keeping their digital collectibles safe. According to the findings recently published by the digital privacy knowledge base, nine out of 10 investors have experienced an NFT scam. Favorite NFT wallets While answering which NFT wallets …
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One of the biggest crypto trading firms, Alameda Research, is financing part of its daily trading activity with DeFi loans. The leading crypto firm transacts around $5 billion worth of crypto daily and revealed that it would borrow $750 million from TrueFi and Maple Finance over the year. Alameda Research uses DeFi loans for trading …
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Citadel founder and CEO Ken Griffin told Bloomberg he has big plans for crypto despite the ongoing skepticism he feels towards digital assets. Earlier this year, Citadel announced a $1.15 billion minority investment by Sequoia and Paradigm. Both of which have strong crypto ambitions. Last month, Sequoia announced the launch of its Sequoia Crypto Fund, …
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U.S. Senator Elizabeth Warren is worried that “cryptocurrencies risk undermining sanctions against Russia.” She urges financial regulators “to take this threat seriously and increase their scrutiny of digital assets.” Senator Elizabeth Warren Worried Russia Could Use Cryptocurrency to Evade Sanctions As governments worldwide are placing sanctions on Russia following its invasion of Ukraine, U.S. Senator …
Veteran investor Mark Mobius, the founder of Mobius Capital, explains why the price of bitcoin is rallying as the Russia-Ukraine crisis deepens. “Bitcoin is showing strength now because the Russians have a way of getting money out,” he said. Mark Mobius on Why Bitcoin’s Price Is Rising The founder of Mobius Capital Partners, Mark Mobius, …
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A group claiming to represent 35 former ConsenSys AG (CAG) employees has requested an audit under the Swiss Code of Obligations to investigate “serious irregularities” they allege occurred at the company during mid-2020. CAG, also known as Mesh, is the company behind top Ethereum-based wallet provider MetaMask and was founded by Joseph Lubin, who is …
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New York state’s efforts to enforce sanctions against Russia have ramped up a gear with the Department of Financial Services, or DFS, expediting the procurement of additional blockchain analytics technology. According to a statement released Wednesday, the department will use the technology to help detect exposure to Russian individuals and entities subject to federal sanctions, …
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