Category: Million
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Gemini to pay $50 million to defrauded investors
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Gemini will make this payment as settlement of the New York cryptocurrency fraud claim. Gemini is also prohibited from operating lending programs in New York. Letitia James, Attorney General of New York Announce Her office has successfully received $50 million from cryptocurrency platform Gemini. These funds will be used to…
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Company Lawyer Says $10 Million Fine is Appropriate
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Turkish lire; Dr Ripple asserts that the SEC’s proposed $2 billion penalty is excessive, suggesting a fine of no more than $10 million. The company’s CEO expects to reach a decision by the summer of 2024, although the complex legal process may cause delays. Ripple’s arguments The legal dispute between…
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VC Firm Paradigm Secures $850 Million For Crypto Projects In Latest Fundraise
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Venture capital firm Paradigm has It said It has raised $850 million for its third fund, backing early-stage cryptocurrency initiatives led by Coinbase co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang. Increased interest in venture capital in the industry Paradigm’s previous investments include notable projects such as decentralized…
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562 Million People Now Own Digital Currencies Worldwide
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The world is witnessing an unprecedented surge in cryptocurrency adoption, with 562 million people worldwide now owning digital assets, providing insight into how many people own cryptocurrencies around the world. This represents a significant 34% increase from the 420 million cryptocurrency users in 2023, underscoring the rapid spread of this…
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UwU Lend hacked out of $19.3 million
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UwU Lend, a lending and liquidity protocol, was reportedly targeted with an exploit amounting to $19.3 million. A recent malicious hack targeted the decentralized lending platform. Reports from a blockchain security company Arkham It suggests that unknown perpetrators stole $19.3 million from the lending protocol. The incident highlights persistent security…
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Virtu Financial Seeks $500 Million in Debt Restructuring
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Virtu Financial announced that it is seeking $500 million in financing to restructure primary debt. According to the company, the first lien notes are intended to improve Virtu Financial’s financial position by repaying existing debt and positioning the company for growth. Virtu restructures debt According to the press release, Virtu…
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Loopring Smart Wallets Suffer a $5 Million Exploit
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On Sunday, Loopring, a zero-knowledge backlog protocol for Ethereum, announced a major vulnerability attack on its smart wallets linked to the Loopring Official Guardian. The project collaborates with security and law enforcement agencies to investigate how the two-factor authentication system was hacked and track down cybercriminals. Loopring Official Exposed Trustee…
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Loopring Smart Wallets Suffer a $5 Million Exploit
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On Sunday, Loopring, a zero-knowledge backlog protocol for Ethereum, announced a major vulnerability attack on its smart wallets linked to the Loopring Official Guardian. The project collaborates with security and law enforcement agencies to investigate how the two-factor authentication system was hacked and track down cybercriminals. Loopring Official Exposed Trustee…
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Arbitrum DAO Agrees To Distribute $216 Million In Funding
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Arbitrum Foundation, A Decentralized Autonomous Organization (DAO) Arbitrum, the company responsible for developing and nurturing the Arbitrum ecosystem, has agreed to start a support fund aimed at developing projects in its gaming ecosystem. The organization has revealed plans to distribute a whopping $216 million to improve the gaming ecosystem. Arbitrum…
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Memereum Surpasses 21 Million Tokens Sold in Presale, Pioneers Blockchain-Based Insurance on Binance Smart Chain
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(Press release – City of Monaco, Monaco, June 10, 2024) Memeriuma flagship token of the Binance Smart Chain, is excited to highlight the ongoing pre-sale success of its innovative services. Designed to offer the first blockchain-based insurance, Memereum has positioned itself as a potential 100x investment opportunity in the crypto…
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Juan Tacuri Pleads Guilty in $8.4 Million Forcount Crypto Ponzi Scheme
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Juan Tacurri, 46, of Greenacres, Florida, a top promoter of the Forcount cryptocurrency Ponzi scheme, pleaded guilty to conspiracy to commit wire fraud in the Southern District of New York. The scheme, which netted $8.4 million from primarily Spanish-speaking investors, has been described as one of the most shocking scams…
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‘Bad Boys: Ride or Die’ boosts Will Smith’s comeback and the box office with $56 million opening
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Breadcrumb links BMN Business Article writer: Associated Press Jake Coyle Published on June 9, 2024 • Last updated 2 hours ago • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content NEW YORK (AP) — The…
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American Crypto Advocacy Movement Tops Milestone 1 Million Supporters
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On June 5, Coinbase CEO Brian Armstrong reported that 1 million people had joined the “Stand With Crypto” campaign as advocates for the industry, adding: “That’s a lot of voters!” He continued to say that 600,000 of these advocates joined after the White House threatened to use the veto, and…
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Ripple’s 150 Million XRP Sale Keeps Price Surpressed Amid Bearish Headwinds
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Ripple once again raised concerns in… XRP community After the recent sale of XRP. This comes in the middle Unimpressive price action for XRPwhich continues to paint a bearish outlook for the cryptocurrency symbol. Ripple sells 150 million tokens Data on the chain Offers The cryptocurrency company offloaded 150 million…
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Ripple’s 150 Million XRP Sale Keeps Price Surpressed Amid Bearish Headwinds
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Ripple once again raised concerns in… XRP community After the recent sale of XRP. This comes in the middle Unimpressive price action for XRPwhich continues to paint a bearish outlook for the cryptocurrency symbol. Ripple sells 150 million tokens Data on the chain Offers The cryptocurrency company offloaded 150 million…
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Norway Recovers $5.7 Million In Stolen Crypto Assets
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The Ronin Network, an Ethereum sidechain integral to the popular web3 game Axie Infinity, was the victim of a devastating ronin network hack in March 2022. The ronin cryptocurrency hack led to the theft of over $600 million, making it the largest DeFi exploit in history. . However, recent developments…
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‘Full House’ home for sale for $6.5 million
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I dreamed of owning a tanner’s home Full house Since Michelle was a little girl? I get it, buddy, if you have $6.5 million to spend. The famous Victorian era featured in exterior shots of the ABC show (and its Netflix sequel), is set in 1709 Broderick Street In San…