Tag: Million

BitGo Raises $100 Million Series C Funding At $1.75 Billion Valuation

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BitGo, a leading Bitcoin and cryptocurrency custody firm, announced on Wednesday that it has successfully raised $100 million in its Series C financing round, bolstering its valuation to $1.75 billion. The funds will be allocated to amplify BitGo’s secure and regulated custody, wallet, and infrastructure solutions on a global scale and to facilitate strategic acquisitions. “Not only are we seeing growing demand for regulated custody solutions in the US, but we’re also seeing the demand on a global scale,” said BitGo CEO Mike Belshe. “We are very pleased to announce our $100M…

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Bitcoin Wallet Xverse Secures $5 Million Seed Funding Led by Jump Crypto

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Today, Hong Kong-based start up Bitcoin wallet Xverse announced they have successfully closed a $5 million seed funding round, according to a press release sent to Bitcoin Magazine.  The round was spearheaded by Jump Crypto, a prominent name in the blockchain investment realm, and saw the participation of several other backers including RockawayX, Sfermion, Alliance, NGC Ventures, V3ntures, Old Fashion Research, 2140 Bitcoin Ecosystem Fund, Bitcoin Frontier Fund, Newman Capital, Franklin Templeton, New Layer Capital, Miton C, Gossamer Capital, Daxos Capital, Sora Ventures, Tyhke Block Ventures, IOBC Capital, Despread and strategic angel investors. Founder and CEO…

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Everything Divided By 7 Million: Popular Bitcoin Price Heuristics Are Missing The Mark

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This is an opinion editorial by Bitcoms, a Bitcoin-focused writer and certified accountant. With mainstream financial management titans such as BlackRock, Fidelity and Vanguard all legitimizing BTC as a financial asset via their interest in offering related products to clients, the “big money” worldwide may well be poised to increase its exposure to bitcoin. These significant investors may not yet see the liberating, world-improving, hard-money aspects of the technology that I see, but they are likely to have an impact on bitcoin as a store of value all the same.…

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Chibi Finance $1 million alleged rug pull: How it happened

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On June 26, decentralized finance (DeFi) aggregator Chibi Finance was exploited by its own deployer account, and $1 million worth of cryptocurrency was drained from its contracts in an apparent rug pull or exit scam. The protocol’s official user interface disappeared, producing a 404 error, and all social media for the app was taken down. After the funds were drained, they were swapped for Wrapped Ether (WETH) and bridged to Ethereum, where they were afterward sent to Tornado Cash by the attacker. The price of the Chibi Finance (CHIBI) governance…

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Staked ETH surpasses 23 million in June — Nansen

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The volume of Ether staked keeps reaching new heights since the Shapella upgrade in April, crossing 23 million Ether locked in June.  According to data from analytics firm Nansen, a total of 23.3 million Ether (ETH) was staked as of June 27, amounting to $43.1 billion at the time of writing and representing nearly 20% of the current $220 billion supply of ETH. In comparison, Solana (SOL) currently has a staking ratio of 70.58%. ETH deposits, withdrawals and total locked. Source: Nansen In the Ethereum blockchain network, staking refers to the process of…

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Balaji Srinivasan’s $1 Million Bitcoin Bet: Was There A Method To The Madness?

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This is an opinion editorial by Ivan Serrano, a growth marketer and business consultant. Image by Kanchanara for Unsplash.com In the cryptocurrency world, bold bets and outrageous predictions are not uncommon. And yet, Balaji Srinivasan, a prominent and occasionally-controversial figure in crypto and tech, made major finance headlines when he announced a daring wager that bitcoin would reach a staggering $1 million per coin within 90 days. The Bitcoin and larger crypto community immediately began analyzing what drove him to make such a daring statement. Srinivasan predicted this on March…

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Brink Announces $1 Million Donation-Matching Campaign From Marathon Digital Holdings For Bitcoin Development

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On stage at the Bitcoin 2023 conference, Brink announced a matching campaign for donations from Bitcoin mining firm Marathon Digital Holdings to support the work of Bitcoin Core developers. Marathon will match donations made to Brink on a two-for-one basis for the duration of the conference, which ends on May 20, and then match donations one for one through the end of the year, up to $1 million total. “We’re going to match dollar for dollar $500,000-worth of donations that Brink receives for Core developers. More importantly, we will donate…

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Bitcoin Financial Services Provider River Announces $35 Million Series B Fundraising Round

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Bitcoin technology and financial services company, River, has announced a successful $35 million equity round in its Series B fundraising effort. Led by Kingsway Capital, the round also saw participation from notable investors such as Peter Thiel, Cygni, Goldcrest and Valor Equity Partners. The company provides a range of Bitcoin services, including zero-fee recurring orders, full-reserve custody, mining and a Bitcoin wallet that supports both on-chain and Lightning Network transactions. Alex Leishman, the CEO of River, highlighted the growing interest in Bitcoin driven by business and institutional adoption. He emphasized…

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$48 Million Bitcoin Prius Set To Appear At Bitcoin 2023

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Disclaimer: Bitcoin 2023 and Bitcoin Magazine are both operated by BTC Inc. The “Bitcoin Car,” a 2013 Toyota Prius that was purchased with 1,000 bitcoin, will be showcased at the upcoming Bitcoin 2023 conference in Miami Beach. The event will take place from May 18-20, during which the car will be on display. The auction of the Bitcoin Car, being conducted via Scarce.City, a Bitcoin auction site, began on May 10 and will conclude on May 20. The current owners of the car, Devin Konopa and Austin Craig, will be…

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US-Based Bitcoin Focused Startup Fedi Raises $17 Million in Series A Funding Round – Africa Bitcoin News

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Fedi, the U.S.-based fintech which is led by the Nigerian bitcoin advocate Obi Nwosu, said on May 3 that it recently raised $17 million in a Series A funding round. The company said it will use the funds to help it launch what it called the “world’s first federated operating system.” Obi Nwosu said the Fedi Alpha version, which is targeted at the builder community, is set to be rolled out later in May. ‘Protecting User Privacy and Autonomy’ The United States-based fintech and bitcoin-focused company Fedi announced on May…

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