Million

Multicoin Capital to raise $250 million for third crypto-focused venture fund

Multicoin Capital to raise $250 million for third crypto-focused venture fund

advertisement Crypto-focused hedge fund Multicoin Capital plans to raise $250 million for a third venture fund aimed at crypto startups, The Information reported after reviewing the company’s fundraising materials.  Austin, Texas-based Multicoin had already raised $100 million for a second fund in May, and plans to finish fundraising by the end of 2021. It joins …

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Christie’s to hold first-ever sale of Meebits and Bored Ape Yacht Club NFTs

Solana just sold its most expensive NFT to date for $2.1 million

advertisement An NFT from SolanaMonkeyBusiness, a collection of 5,000 NFTs minted on the Solana blockchain, just sold an NFT for 13,027 SOL (~$2.1 million) — making it the most expensive Solana-based NFT to date.  The SolMonkey in question is #1355. It’s the rarest NFT in the collection, according to the NFT rarity tool HowRare.Is, complete …

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MiamiCoin has generated $7 million for the city, mayor says

MiamiCoin has generated $7 million for the city, mayor says

advertisement Miami has made $7.1 million from a partnership that has its residents using a crypto protocol — and it’s part of Mayor Francis Suarez longer-term vision of a tax-free city. A new report from the Washington Post revealed Miami’s partnership with the CityCoins protocol has raked in millions since the unveiling of the city’s …

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Compound bug leaves $80 million in COMP at risk of being misrewarded

Compound bug leaves $80 million in COMP at risk of being misrewarded

advertisement A newly introduced upgrade to the DeFi interest rate protocol Compound Finance has contained a bug that leaves some users with unusual amounts of COMP token as rewards to be claimed. “Unusual activity has been reported regarding the distribution of COMP following the execution of Proposal 062,” Compound Labs, the team behind the Compound …

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CFTC levies $1.25 million penalty against Kraken — and Commissioner Stump weighs in on settlement

CFTC levies $1.25 million penalty against Kraken — and Commissioner Stump weighs in on settlement

The Commodities Futures Trading Commission (CFTC) has filed and settled charges against Kraken for failing to register as a futures commission merchant and offering margin transactions in crypto.  Kraken will pay a $1.25 million civil monetary penalty and refrain from further violations, according to a statement from the CFTC. The agency claims the crypto exchange …

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Blockchain tech firm Blockdaemon raises $155 million in Series B funding

Blockchain tech firm Blockdaemon raises $155 million in Series B funding

advertisement Blockdaemon, a New York-based startup that builds blockchain nodes and other tech, has raised $155 million at a valuation of $1.26 billion.  According to a release announcing the Series B funding round, SoftBank’s Vision Fund 2 led the round. New investors Matrix Capital Management, Sapphire Ventures and Morgan Creek Digital participated in the round, …

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Bitcoin fund launched by NYDIG has raised nearly $17 million to date

Bitcoin fund launched by NYDIG has raised nearly $17 million to date

A bitcoin fund created by investment services firm NYDIG has raised nearly $17 million to date.  NYDIG Bitcoin Fund LP, which made its first sale in July 2019, has raised $16.95 million from a total of 121 investors, according to a Securities and Exchange Commission filing from September 17. The prior filing, published last October, showed a …

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Big crypto VC deals have already doubled in 2021 compared to all of 2020

NFT scaling startup Immutable raises $60 million in Series B funding

advertisement The Australian startup Immutable, creator of the NFT-focused Ethereum Layer 2 protocol Immutable X, has raised $60 million in a new funding round — bringing its total raised to $77.5 million.  BITKRAFT Ventures and King River Capital co-led the round, according to a press release. Other participants included Prosus Ventures, Galaxy Interactive, Fabric Ventures, …

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Cream Finance exploited in $18.8 million flash loan attack

Cream Finance exploited in $18.8 million flash loan attack

Decentralized finance (DeFi) lending protocol Cream Finance suffered an exploit Monday when a hacker utilized a weakness in the $AMP token contract to level a flash loan attack — resulting in $18.8 million stolen. The protocol notified the community this morning that 418,311,571 in AMP and 1,308.09 ETH were lost in the attack. For the …

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SoftBank invests $200 million in Brazilian crypto exchange Mercado Bitcoin

SoftBank invests $200 million in Brazilian crypto exchange Mercado Bitcoin

The SoftBank Latin America Fund has invested $200 million in the parent company of Mercado Bitcoin, one of the largest cryptocurrency exchanges in the region. The fundraise values Mercado Bitcoin’s parent company 2TM Group at $2.1 billion, placing it among Latin America’s unicorns – privately held startups with valuations north of $1 billion. The Series …

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