Million

Nubank logs more than 1.8 million crypto users in Brazil

Nubank logs more than 1.8 million crypto users in Brazil

Digital bank Nubank has attracted more than 1.8 million Brazil-based users to its crypto platform since its full rollout at the end of June, highlighting a strong appetite for digital assets among consumers in South America’s largest country.  This figure, which represents users who have made at least one cryptocurrency purchase through Nubank’s app, …

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Cipher Mining seeks to raise up to $250 million in stock market offering

Cipher Mining seeks to raise up to $250 million in stock market offering

New York-based Cipher Mining aims to raise up to $250 million in a stock market offering of its common stock, a Sept. 21 regulatory filing shows. The move comes as bitcoin miners struggle to make ends meet in a tough revenue environment characterized by high electricity costs, depressed bitcoin prices and mining rigs depreciating …

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The 25 biggest fintech funding rounds: May 2022

Web3 compliance company Satschel raises $5.2 million, partners with Assure

Compliance company Satschel has raised a $5.2 million seed round led by early-stage venture firm Brand Foundry Ventures, according to a spokesperson for the startup. Leveraging web3 technologies, Satschel helps financial services companies become compliant with regulations through its automated Compliance Fabric technology, which enables investors and customers to be onboarded quickly while still …

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NEAR Foundation launches $100 million VC fund and lab for web3

NEAR Foundation launches $100 million VC fund and lab for web3

Swiss non-profit the NEAR Foundation launched a $100 million venture capital fund and venture lab for web3, it announced on Monday. The NEAR Foundation, which supports the governance and development of the NEAR protocol, will partner with Caerus Ventures, a newly launched investment firm, for the project. The VC fund will have an …

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Pro-Russia military groups in Ukraine got $2.2 million in crypto donations, Chainalysis says

Pro-Russia military groups in Ukraine got $2.2 million in crypto donations, Chainalysis says

New data from crypto-analytics firm Chainalysis show that Russian paramilitary groups in Ukraine have received $2.2 million in crypto donations during the ongoing war. Various pro-Russia militia and volunteer groups have taken to social media to crowdfund for military purchases and spread disinformation related to the war. Chainalysis has identified 54 organizations that have …

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Princeton alumni in crypto space fund $20 million research project

Blockchain security firm Halborn raises $90 Million in Series A funding

Halborn, a blockchain security company based in Miami, has raised $90 million in Series A, Bloomberg reported on Tuesday. The round was led by private equity firm Summit Partners and included Castle Island Ventures, Digital Currency Group, and Brevan Howard. The round’s valuation has not been disclosed. Crypto startups have recently had to …

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Celsius transfers $124 million in wrapped bitcoin from Aave

Celsius transfers $124 million in wrapped bitcoin from Aave

Celsius Network, a centralized lending firm undergoing a major insolvency crisis, continues to repay and reclaim large amounts of collateral from DeFi protocols. At around 9:14 a.m. ET, Celsius withdrew 6,083 wrapped bitcoin (worth approximately $124 million) from Aave, a popular lending platform it used to borrow assets and earn a yield. After …

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Cream Finance exploited in $18.8 million flash loan attack

Hacker drains $1.4 million worth of ETH from NFT lender Omni

Omni, a non-fungible token (NFT) money market platform, was drained of about 1,300 ETH ($1.43 million) in a flash loan reentrancy attack on Sunday, according to PeckShield. Omni allows users to stake their NFTs, usually from popular collections like Bored Ape Yacht Club, to receive tokens like ether (ETH).  Today’s attack saw the …

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MakerDAO approves $100 million stablecoin loan vault for 151-year-old US bank

MakerDAO approves $100 million stablecoin loan vault for 151-year-old US bank

MakerDAO has approved Huntingdon Valley Bank, a US-based regulated bank founded in 1871, to open a stablecoin vault. This vault will work as a system allowing the bank to borrow DAI tokens after depositing off-chain loans on its balance sheet as collateral. MakerDAO is the issuer of the Dai (DAI) stablecoin. The DAO vote …

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