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Tag Archives: Million

$230 Million Cleared on BitMEX Amidst Bitcoin Recovery, Short Squeeze Likely

Bitcoin’s most recent run-up has led many to ask, what was the catalyst? Some analysts cited institutional money, while others pointed out that it may have been positive technicals and a short squeeze. On Thursday’s showing of CNBC Fast Money, the CEO of Bitmex addressed the latter theory. BitMEX’s CEO Addresses The Short Squeeze Theory According to Business Insider, Bitcoin’s ...

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Bitcoin Investment Trust Creator Adding $10 Million in New Investments Every Week

Grayscale Investments, the fund provider behind the Bitcoin Investment Trust (OTC: GBTC), said that it is onboarding nearly $10 million in new investments every week, and the majority of that capital is coming from institutional investors. The New York-based firm, a wholly-owned subsidiary of the Digital Currency Group, made the announcement in its newly-released Digital Asset Investment Report, which details ...

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DoE Backs Blockchain Energy Platform with $1 Million US Grant

The U.S. Department of Energy (DoE) has announced it will award 95 grants for a total of $95 million to 80 businesses in 26 states. One beneficiary is blockchain business Grid7, which is set to receive almost $1 million as a government grant. DoE Backs Blockchain Energy Project Grid7 is being awarded $999,363 by the DoE and previously received around ...

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Fmr. Macau Gangster Raises $750 Million in 5-Minute ICO

An initial coin offering (ICO) operated by a little-known company in China and backed by a former Macau gangster raised $750 million in less than five minutes. The South China Morning Post reports that World Hung Mun Investment — led by former 14K Triad gangster “Broken Tooth” Wan Kuok-koi — sold 450 million “HB” tokens at three release parties held ...

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Indian Police Find “Crucial Clues” in $300 Million GainBitcoin Scam

Police investigations into the infamous cryptocurrency Ponzi scheme GainBitcoin, estimated at $300 million, are fast making progress as authorities have stated they now possess “crucial clues” on how the fraudulent organization laundered money. “Crucial Clues” As reported by The Indian Express on July 13, 2018, police from the Indian state of Gujarat are actively probing the multi-million scam, stating the ...

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DNotes Global Inc Launches Reg. D 506 (c) Funding to Raise $5 million from Accredited Investors

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. DNotes ...

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Chinese Police Seize $1.5 Million in World Cup Crypto Betting Booty

More than $1.5 million worth of cryptocurrency was seized as part of an anti-gambling operation run by Chinese police during the 2018 FIFA World Cup. Chinese Police Seize $1.5 Million The Chinese state-run news source Xinhua reported two days ago that local authorities first came across the so far unnamed online gambling platform in May. The betting site advertised that it would “accept international ...

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Crypto-Powered Brave Browser Passes 3 Million Monthly Active Users

Brave, the web browser funded through an initial coin offering (ICO), has surpassed three million monthly active users and anticipates growing that number to five million by the end of the year. The browser, created by Javascript creator and Mozilla co-founder Brendan Eich, announced the passage of this milestone on Thursday, highlighting the phenomenal growth that the browser has seen ...

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