Reddit is nearing 10 million NFT avatar holders, experiencing significant growth in 2023 with an 80% increase. The platform’s NFT market capitalization is $38.4 million. However, concerns regarding bot activity influencing growth warrant caution and require addressing to ensure future sustainable growth.
Search Results for: 10 million
Bitget Pledges $10 Million to Supercharge Fetch.ai Ecosystem: AI Boom, Opportunities, and Debate on Blockchain Integration
On April 27, Bitget announced a $10 million pledge for the development of the Fetch.ai […]
Fostering Blockchain Startups in Asia: Spotlight on CMCC Global’s $100 Million Titan Fund
“Asia-based VC firm CMCC Global has launched its $100 million Titan Fund to support blockchain startups, initially focusing on Hong Kong before expanding globally. Contributors to the fund include Winklevoss Capital and Animoca Brands. Despite recent declining global interest in cryptocurrency, Hong Kong’s revised stance on the industry makes it an appealing destination for crypto businesses.”
Accidental Millionaires: The $10.5M Crypto.com Misstep and Its Implications
“In May 2021, a Melbourne couple mistakenly received $10.5 million AUD from Crypto.com. The couple allegedly spent a substantial amount before the exchange discovered the error in December 2021. The mishap underscores the need for robust checks within cryptocurrency exchanges to mitigate such significant blunders.”
Unveiling Aptos’ $103 Million Token Unlock: A Risky Affair or Lucrative Opportunity?
The article discusses the blockchain protocol Aptos’s plan to release 20 million APT tokens in November – a move that could inject substantial liquidity into the market. However, data indicates a potentially bearish outlook for APT, suggesting traders exercise caution and closely observe market trends.
KBank’s $100 Million Fund: A Leap into the AI, Web3, and Global Fintech Future or Risky Business?
Thailand’s Kasikornbank (KBank) has launched a $100 million fund targeting Artificial Intelligence (AI), Web3, and global fintech startups. With backing from the Bank of Thailand, the fund aims to drive global innovators to advance finance in the APAC region.
BitGo’s $100 Million Series C Funding Ignites Crypto Custody Expansion Buzz
BitGo, a crypto custody services provider, has secured $100 million in funding boosting its valuation to $1.75 billion. This capital is targeted for strategic acquisitions and international expansion, in response to the growing demand for crypto custody services globally.
Can a $100 Investment in Shiba Inu Make You a Millionaire? Exploring Meme Coin Potential
Meme coins like Shiba Inu have provided lucrative returns in the past, but skepticism surrounds their potential moving forward. Becoming a millionaire with a $100 SHIB investment appears unlikely, given its current price and market cap. However, smaller market-cap projects like Wall Street Memes (WSM) offer potentially massive returns, but caution and thorough research are advised before investing.
Title: April Showers Bring Crypto Losses: The $103 Million Month of Scams, Exploits, and Flash Loan Attacks
In the month of April, the cryptocurrency community faced a series of scams, exploits, exit […]
The Great Crypto Heist of April: $103 Million in Exploits, Exit Scams, and Flash Loan Attacks
In April, the crypto landscape witnessed a staggering $103.7 million worth of losses in crypto […]
Gemini’s Bold $24 Million Leap: The Major Expansion into India’s Cryptocurrency Market
Crypto exchange Gemini is expanding in India with a $24 million investment, intended to enhance its operational infrastructure. They’re focusing on enlarging their Gurgaon engineering center and hiring Sachin Ranglani, ex-Paytm exec, as their India subsidiary head. This move reflects their commitment to progress within India’s burgeoning crypto market.
A Leap or A Slip? The $1.6 Million CrypToadz NFT Purchase: A Breeding Ground for Wash Trading?
A CrypToadz NFT, normally under $1000, was bought for about $1.6 million, leading to questions about its legitimacy. The indicators point towards potential wash trading, involving a chain of transactions for liquidating dubious funds. This episode underscores the need for vigilance in the evolving cryptocurrency and NFT markets.
Security Storm Hits Stars Arena: Analyzing the $2.85 Million Avalanche Blockchain Breach
Stars Arena, a platform powered by Avalanche’s Contract Chain, suffered a major security breach leading hackers to successfully takeaway 266,103 AVAX. The aftermath caused the AVAX price to tremble, dropping from $11.56 to $10.78. Securing the platform’s functionality and user funds is now their primary focus.
AirBit Club Scandal: Crypto’s Dark Side and the $100M Forfeit – Legal Eyes on Blockchain’s Future
Three key players in a cryptocurrency-based fraud and money laundering scheme linked to AirBit Club, involving approximately $18 million, have received prison sentences. The culprits are also required to forfeit their tainted wealth, roughly $100 million, which underscores the potential hazards within the promising, rapidly evolving cryptocurrency market.
Navigating the Future of Payments: Visa’s $100M AI Venture & Crypto Integration
“Visa plans to invest $100 million in generative AI ventures, a technology that can generate various content forms and add dynamism to the industry. The firm’s AI-based solutions have been effective in fraud prevention, highlighting AI’s critical role in enhancing payment systems. However, successful AI implementation requires a robust regulatory framework.”
Blockchain’s Bloodbath: Fathoming the $332 Million September Crypto Wealth Drainage
“September 2023 heralded a significant blow to the crypto world, with a staggering $332 million lost to various exploits, scams, and hacks. The biggest loss, however, came from exploits, causing about $329.8 million damage. High-profile cyber attacks underscore the need for enhanced security in the crypto-ecosphere and highlight the potential misuse of cryptocurrency.”
VanEck Promises 10% of Future Earnings to Ethereum’s Core Developers: A Game Changer?
VanEck announced it will dedicate 10% of upcoming earnings from its Ethereum futures ETF to Ethereum’s core developers, via The Protocol Guild. Other crypto-communities including Lido Finance and Uniswap are also supporting the Ethereum network, with $12 million raised publicly so far.
Navigating Complex Debt: Founder of DeFi Protocol Curve’s Multi-Million Dollar Maneuver
Michael Egorov, founder of DeFi protocol Curve, employed a strategy to settle his extensive obligations on Aave. He deposited millions of CRV as collateral on a lending platform, and borrowed Curve’s crvUSD stablecoin, which he exchanged for USDT to clear his Aave debt. Despite significant outstanding debt across several DeFi platforms, Egorov has been proactive in lessening his debt and usage rate.
Unveiling AirBit Club: Tale of a Cryptocurrency Ponzi Scheme with a $100M Penalty
“Pablo Renato Rodriguez, co-founder of the crypto-based pyramid scheme AirBit Club, received a 12-year prison sentence for masterminding a multilevel marketing club falsely promising revenue through crypto mining and trading, essentially exploiting investors.”
Grim Quarter for Web3: Analyzing the $890 Million Blow and the Persisting Threat of Cybercrimes
The Beosin EagleEye platform reported $890 million in losses due to security breaches, rug pulls, and phishing from July to September 2023. Decentralized Finance (DeFi) bore the brunt of these incidents with Ethereum suffering losses of $227 million, marking a grim quarter for Web3.
Unveiling France’s AI Ambitions: Iliad’s $106m Investment and the Future of European AI
French telecom firm Iliad is investing around $106 million USD in the local artificial intelligence (AI) sector, creating a laboratory for cutting-edge AI research in Paris. The lab will design general AI while possibly making use of Europe’s ‘most powerful cloud-native Ai supercomputer’ created by NVIDIA.
North Korean Hackers’ $47 Million Crypto Stash: A Glimpse into the Dark Realm of State-Backed Cybercrime
Reports suggest that the notorious North Korean hacking group Lazarus Group has a cryptocurrency reserve worth over $47 million, mostly in Bitcoin, according to institutional crypto platform provider, 21.co. The hacker group’s stash was tracked to 295 wallets identified by the US Government.
Unforeseen Fortune or Fraud? How a Payment Error led to a $6.7 Million Crypto Heist
A Melbourne couple face trial after being erroneously credited $6.7 million by Crypto.com and spending most of it. The mishap occurred when an intended $100 refund massively inflated to $10.5 million. This is not Crypto.com’s first sizable transaction error.
Unclaimed Tokens and a $59 Million Windfall: Arbitrum’s Unpredicted Odyssey
The Arbitrum Foundation recently transferred 69 million unclaimed ARB tokens to its treasury, amounting to $59 million and boosting it to nearly $3 billion in governance tokens. This successful move was through a vote proposed by a community member, demonstrating the impact of community engagement and decentralized operations. Meanwhile, Arbitrum’s user activity is growing along with efforts to expand the NFT space on its network.
Lazarus Calling: North Korean Hackers Threaten Crypto Security Amidst $240 million Digital Heist
“Lazarus, a North Korean hacking group, has reportedly stolen $240 million worth of cryptocurrencies in the last 104 days. A rising number of breaches, particularly within the Ethereum network, demand strengthened security frameworks and proactive defense mechanisms to detect, prevent cyber attacks and safeguard digital assets.”
Bitcoin BSC: The New Crypto Underdog on the Verge of Making Millions?
“Bitcoin BSC, mirroring Bitcoin’s original model with only 21 million tokens, stokes investor interest with its $0.99 pre-sale price and benefits of the BNB Smart Chain. Propelled by the success of ‘2.0 coins,’ its valuation rapidly increased to $700,000 within days, hinting at potential substantial growth once launched on decentralized exchanges. Exercise caution when investing.”
Aptos Unleashes 20 Million Tokens: The Potential Market Impact Explained
Former Facebook staff’s Layer 1 protocol, Aptos, is set to unlock 20 million tokens in November, representing an 8.5% of total supply. This could significantly impact the crypto market by increasing liquidity and potentially stirring varied price dynamics.
North Korean Cyber Attack on CoinEx: Unraveling the $54 Million Crypto Heist
North Korean cyber operatives are suspected for a recent $54 million security breach on CoinEx exchange involving multiple tokens. CoinEx assures users remaining assets are secured. This incident prompts crypto enthusiasts to re-evaluate security measures and trust in platforms, indirectly showcasing the resilience of blockchain technology.
Is PayPal’s Ethereum-based Stablecoin, PYUSD, Truly 100% Asset-Backed? Examining the Claims
“PayPal’s Ethereum-based stablecoin, PYUSD, has full asset backing, primarily from U.S. Treasury reverse repurchase agreements, says Paxos. Though overcollateralization safeguards assets, it could limit profits. Some PYUSD assets are in uninsured cash deposits, reflecting typical banking risks. PYUSD’s transparent operation may soothe some investors while raising others’ skepticism.”
Bitget Explores Uncharted Territory: $100m Investment for Global User Expansion
Bitget, a crypto exchange company, plans to inject $100 million into its ecosystem encompassing regional exchanges, analytic firms, and media organizations. The focus is on the potential of Web3 and decentralized applications, indicating Bitget’s transition from trading into new financial territories.
Security Chaos in Crypto: Unpacking the $41M Stake Heist and Crypto’s Million Dollar Losses
The article discusses the aftermath of a $41M cryptocurrency heist, with the responsible anonymous hackers gradually transferring stolen funds to different digital wallets. Through multiple related incidents, the piece raises alarms about substantial security concerns within the crypto industry and highlights the potential of AI in identifying threats.
FTX vs LayerZero: A $21 Million Legal Battle Underscoring Crypto’s Regulatory Future
This article discusses the ongoing legal battle between FTX and LayerZero Labs, where FTX is seeking to recover $21 million following its notorious November 2022 shutdown. It emphasizes the need for transparency and ethical practices in cryptocurrency transactions and warns that over-regulation could stifle the potential of this technology.