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Tag Archives: Mln

Blockchain.com Wallet Adds Stellar, Announces $125 Mln XLM Airdrop to ‘Drive Adoption’

Cryptocurrency wallet provider Blockchain.com has launched full support for altcoin Stellar (XLM), accompanied by a hefty airdrop of $125 million worth of XLM to its user base. The news was announced in an official blog post today, Nov. 6. Blockchain.com pitched the mammoth offering as “the largest airdrop in the history of crypto and likely the largest consumer giveaway ever,” ...

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CryptoKitties Developer Receives $15 Mln in Financing Round Led by Rockefeller Venture Arm

Dapper Labs, developer of the world’s most used blockchain app CryptoKitties, has received $15 million in another financing round, global news agency PR Newswire reported on Nov. 1. The new funding will help the Canada-founded Dapper Labs to expand it services on a local and global scale, as well as to address infrastructure issues and to boost mainstream adoption of ...

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Crypto Investment Firm’s Revenue Reaches Record $330 Mln in 2018, Despite Bear Market

Cryptocurrency asset management firm Grayscale Investments Inc. has reported revenue of nearly $330 million in 2018, according to its third quarter (Q3) investment report released Nov. 1. The company managed to reach this figure despite a prevailing bear market. In the report, Grayscale highlights that it raised $81.1 million over the last three months, which brought the firm’s year-to-date inflows ...

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Warren Buffett’s Holding Invests $600 Mln in Fintech Firms Focused on Emerging Markets

Multinational holding conglomerate Berkshire Hathaway – which counts outspoken crypto critic Warren Buffett as its CEO and chairman – has invested around $600 million in two fintech payment firms focused on emerging markets, the Wall Street Journal (WSJ) reported Oct. 29. Both investments are said to have been spearheaded by one of Berkshire’s two portfolio managers, Todd Combs. In August, ...

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Israeli Blockchain Startup Concludes $30 Mln Financing Round That Included Intel, Sequoia

Israeli blockchain startup StarkWare Industries has completed a $30 million financing round, generating funds from such industry players as Intel Capital and Sequoia USA, according to an announcement published Oct. 29. Established in 2018, StarkWare Industries develops both software and hardware, with applications including transparent privacy in blockchains, increased transaction throughput, as well as off chain computation. The company offers ...

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Paxos Says It Has Issued $50 Mln of Recently-Launched Dollar-Backed Stablecoin

Blockchain Trust company Paxos has issued around $50 million worth of its recently launched U.S. dollar-backed stablecoin, according to a Tweet from a senior employee October 15. As previously reported, the Ethereum (ETH) blockchain-based stablecoin, dubbed Paxos Standard Token (PAX), sealed regulatory approval from the New York State Department of Financial Services (NYDFS) in early September. Data from Etherscan as ...

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EU Financial Regulator Budgets Over 1 Mln Euro for FinTech and Crypto Supervision

The European Securities and Markets Authority (ESMA) has budgeted over 1 million euro for monitoring fintech and crypto assets, according to a document published Oct. 4. Founded in 2011 in Paris, the ESMA has an objective to develop a uniform rulebook for European Union (E.U.) financial markets, as well as provide market supervision. The authority has established Technical Committees in ...

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$60 Mln Crypto Exchange Hack in Japan had no Impact on Bitcoin Price

Another hacking attack has hit a known crypto exchange in Japan, and this time, thieves managed to steal around $60 million in crypto. Another Crypto Exchange Hack The popularity of attacks on crypto exchanges seemingly continues to grow, with another such exchange being hit just recently, in Japan. It is largely believed that such incidents are one of the main ...

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