Synthetix Asset Issuance Platform Lose 37 Million sETH to Hackers

Synthetix, an Ethereum-powered synthetic asset issuance platform that claims to provide on-chain exposure to real-world assets like currencies, commodities, stocks and more, has suffered a massive oracle attack that has resulted in a loss of 37 million synthetic ether (sETH) tokens, according to The Block on June 24, 2019. Synthetix Hacked  Per sources close to […]

Over 2,000 Investors Back Kraken Crypto Exchange’s $13 Million Crowdfunding

Regulated spot and futures crypto exchange Kraken has completed a $13.5 million round of financing on Bnk To The Future (BF), an online investment platform. With 2,263 participants, at press time, the campaign also represents BF’s most successful funding round by individual donors. The exchange sought the capital as a way to push its valuation past […]

With A $20 Million Tron (TRX) BuyBack Plan, Bulls Are Vibrant

Tron (TRX) up 14.7 percent, may flip XLM A $20 million TRX buyback could stir controversy Buying back coins or tokens is a great way of supporting prices. Tron could do that. With a stellar dApp ecosystem, TRX investors shall benefit. At the time of press, the coin is 14.7 percent higher from last week’s […]

TechCrunch Founder Sells $1.6 Million House on Blockchain Real Estate Platform

Propy, a blockchain based real estate platform, announced the sale of a $1.6 million San Francisco property owned by the venture capital fund CrunchFund, co-founded by Michael Arrington. The announcement follows news of Propy’s highest cost transaction to date, a $2.4 million duplex in San Francisco, completed entirely on the platform. Propy is a real-estate […]

Algorand Raises $60 Million in Token Sale

Algorand raised over $60 million in a token sale of its native Algo token on Coinlist, using a Dutch Auction mechanism that ensures market participants set a uniform price per Algo. All 25 million tokens were sold at a market drive price of $2.40. Company representatives told CoinDesk, the “cryptocurrency auction was the first implementation of […]

BNP Paribas and Octopus Ventures Lead $16.5 Million Funding Round for Token Stablecoin Banking Startup

Opera Tech Ventures, a subsidiary of BNP Paribas, and Octopus Ventures have led a $16.5 million funding round for Token, a stablecoin open banking platform. Token becomes the latest entrant in the expanding field of digital payment solutions utilizing elements of cryptocurrency and blockchain technology. Token Stablecoin Open Banking Platform In a press release published […]

EOS Block Producer Purchases Domain for $30 Million

As part of its broader plans to make its decentralized social media platform Voice hugely successful, EOS block producer, has purchased the domain name from MicroStrategy for a whopping $30 million, according to a filing published by the United States Securities and Exchange Commission (SEC) on June 18, 2019. MicroStrategy Sell for […]

Blockchain Firm Algorand Raises $60 Million in New Token Sale

Blockchain company Algorand has raised over $60 million in a token sale on financial services platform CoinList, technology-focused news outlet The Block reported on June 19. The Algorand Foundation — a firm that implements an open source public ledger and cryptocurrency payment system utilizing the Byzantine Agreement message-passing protocol — has reportedly raised $60 million […]

Decentralized Video Platform Built on Ethereum Raises $8 Million

Livepeer, a decentralized video encoding platform built on the Ethereum network, announced it has received an $8 million Series A venture capital round lead by Northzone. Noticing the prodigious increase in video streaming across the web and the prohibitive costs involved in transcoding, serial entrepreneurs Doug Petkanics and Eric Tang built a platform that links […]

CFTC Claims British Bitcoin Company Defrauded Investors of Nearly $150 Million

The US Commodities Futures Trading Commission (CFTC) has accused a British Bitcoin and crypto asset trading platform of defrauding investors. The company in question promised to trade various crypto assets trade on behalf of investors. The regulator claims that Control-Finance Ltd. did no such trading for its users. Instead, it made off with almost $150 […]