Tag: Cryptocurrency
Amid a surge in venture capital, Portal Ventures obtains $75 million to invest in pre-seed cryptocurrency firms
On Thursday, the venture capital firm Portal Ventures revealed on X that it is about to launch a $75 million fund that would be used to invest in pre-seed cryptocurrency…
Muneeb Ali, the founder of Stacks, plans to launch the sBTC upgrade in early December
The next significant update to the network is imminent, according to the founder of Stacks, a blockchain created to expand bitcoin. The goal is [early December], which appears to be…
The biggest US city to accept cryptocurrency for tax and fee payments is Detroit
According to a Thursday announcement by city officials, Detroit will become the biggest city in the US to accept bitcoin payments. Through a secure network run by PayPal, residents can…
Amid the AI and memecoin craze, Pump.fun achieves record income, rising to $30.5 million in October
With $30.5 million, Pump.fun, the notorious website that allows anyone to develop and launch a coin on Solana, has set a new monthly income record. This amount surpasses the previous…
Prior to the launch of a VPN, privacy firm Nym Technologies will repurchase $1 million in NYM tokens
Nym Technologies, a privacy-focused Swiss company sponsored by Andreessen Horowitz, intends to buy back $1 million worth of tokens. The goal of token buybacks, a fairly prevalent practice in cryptocurrency…
Introduction of SynFutures’ ‘Perp Launchpad’ and $1 million award program for decentralized derivatives startups
SynFutures, a decentralized derivatives firm, unveiled its Perp Launchpad, the first platform designed specifically for the establishment of perpetual futures markets. The launch coincides with a $1 million award program…
As the tragedy of a euthanized pet named Peanut becomes an election issue, cryptocurrency speculators wager millions on memecoins with squirrel themes
Following the news that New York wildlife officials put a pet named Peanut to death, traders are placing bets on a variety of memecoins with squirrel themes on the Pump.fun…
Crypto-casino Due to an Ethereum and Solana hot wallet exploit, Metawin loses $4 million
By taking use of the protocol’s frictionless withdrawal mechanism, an exploiter was able to take a sizable quantity of tokens from the Ethereum and Solana hot wallets of cryptocurrency casino…
Circle will collaborate with Hong Kong telecom provider HKT to create a blockchain-based customer loyalty program
HKT, a significant telecoms service provider in Hong Kong, and Circle have inked a Memorandum of Understanding to discuss possible blockchain-based partnerships for creating a customer loyalty program for local…
By marketing a fraudulent cryptocurrency, hacker gains $600K by taking advantage of the founder of Truth Terminal’s X account
Andy Ayrey, the founder of Truth Terminal, had his X social media account compromised. With the deployer account obtaining 12.5% of the token supply, the hacker published a contract address…
The expected “community staking module” will be activated by Lido DAO, expanding access to Ethereum solo staking
Lido Finance, a prominent provider of liquid staking, has introduced its community staking module in an effort to increase staking’s accessibility. After been approved by the Lido DAO community, this…
This week, the US government recovered more than $19 million after an alleged hack: Arkham
Out of the $20 million alleged attack earlier this week, $19.3 million was recovered from a wallet associated with the US government. Within 24 hours of the security breach, the…
The web3 health accountability app’s $3.4 million seed round is led by a hack VC. Moonwalk Exercise Center
Moonwalk exercise, a web-based exercise accountability software, secured $3.4 million in new early funding. Moonwalk said Thursday that Hack VC led the investment, with help from CMS, Flowdesk, Binance Labs,…
Ankr has announced a TON blockchain integration that will assist developers in creating Telegram apps
The Open Network, or TON blockchain, has been connected with Web3 infrastructure provider Ankr. The integration would give developers access to the TON blockchain, enabling them to create dApps that…
Permissionless bridging from Uniswap launches on nine networksPermissionless bridging from Uniswap launches on nine networks
The well-known decentralized exchange’s primary developer, Uniswap Labs, declared that permissionless bridging via the Uniswap wallet and interface is now operational on nine networks. It has been difficult to move…
ZkLink delays the token vesting timetable in anticipation of upcoming product launches
zkLink Core DAO has made the strategic decision to postpone its token vesting timeline, which was initially scheduled to start on October 22, by six months in order to strengthen…
Magic Eden targets Monad and adds support for ApeChain and BeraChain
BeraChain and ApeChain are now the eighth and ninth supported blockchains, respectively, on Magic Eden, an NFT platform based in Solana. By making this change, Magic Eden is getting closer…
Following a six-day inflow streak, US spot bitcoin ETFs reach their highest recorded total asset value
Since the funds’ January inception, the twelve US-based spot bitcoin exchange-traded funds have amassed the largest overall net asset value, setting a new record. According to SoSoValue data, the funds…
Raising $12.5 million Series A at a token valuation of $100 million, zkPass
In a Series A fundraising round, zkPass, a privacy-preserving technology for data verification, has raised $12.5 million. Dao5, Animoca Brands, Flow Traders, Amber Group, IOBC Capital, Signum Capital, MH Ventures,…
Yellow Card, an African stablecoin exchange, has raised $33 million in Series C led by Blockchain Capital
Blockchain Capital, a cryptocurrency venture, has spearheaded a $33 million Series C fundraising round for Yellow Card, an African stablecoin exchange. According to a release, Nigeria-based Yellow Card, a Coinbase…