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Crypto Wallets to Lose All Anonymity? Company Raises $7.5 Million To Make It Happen

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Addressable.io has raised $ 7.5 million to match crypto wallets to their owners using social media data. According to TechCrunch’s report, the company held a seed round led by Viola Ventures, Fabric Ventures, Mensch Capital Partners, and North Island Ventures.

Deanonymizing Crypto Wallets For Marketing Purposes?

According to the report, addressable can identify a crypto wallet to a Twitter account. The company has looked into over 500 million wallets and 100 million social media accounts.

Using this data, Addressable built an algorithm to match the information. The company was founded by Tomer Shatorni, its current CEO, Tomer Shlomo, its current CTO, and Asaf Nadle, the current Chief Scientist.  Read more...

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Bitcoin Crash: Tesla Suffers $140 Million BTC Loss, SEC Filing Shows

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In February of 2021, Tesla revealed its intention to sell automobiles using Bitcoin, prompting the price of the cryptocurrency to skyrocket, while also purchasing $ 1.5 billion worth of the crypto.

One BTC was valued at around $ 43,000 at the time of the investment. Elon Musk, CEO of Tesla, was then quite positive about the crypto’s future, stating that the company believes in the “long-term potential” of digital assets as an “investment and liquid alternative to cash.”

Due in part to the billionaire’s passionate support of cryptocurrency, the price of Bitcoin reached historic highs of about $ 70,000 by autumn.  Read more...

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Adam Back-Led Blockstream Raises $125 Million To Expand Operations

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Blockchain infrastructure firm Blockstream and its founder Adam Back, have raised $ 125 million to increase its Bitcoin (BTC) mining capacity. 

The firm raised the capital in a convertible note, a form of short-term debt led by Kingsway Capital. Cohen & Company Capital Markets, a division of J.V.B. Financial Group. The first of these companies will serve as advisors for the firm.

Bitcoin BTC BTCUSDT Chart 1

Blockstream Sees High Demand For Its Products

According to a press release, the company will use the funds to expand its facilities. The BTC mining firm wants to meet the high demand of customers for its institutional hosting services. Blockstream said:  Read more...

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Blockstream Raises $125 Million For Bitcoin Mining Expansion

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Led by Kingsway Capital, Blockstream has raised $ 125 million for the purpose of expanding their institutional mining services.

Blockstream has announced they’ve raised $ 125 million in convertible note and secured loan financing with the aim of expanding their institutional bitcoin mining services. The raise was led by Kingsway Capital along with other investors including Fulgur Ventures.

According to the announcement, Blockstream will use the capital raised to expand their bitcoin mining facilities “in order to meet the strong demand for its institutional hosting services,” which they claim remains high “due to the company’s strong track record and substantial scale, coupled with an industry-wide shortage of available power capacity.”  Read more...

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FTX: U.S. Authorities Seize Nearly $700 Million Of Sam Bankman-Fried’s Assets

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The FTX brouhaha continues and this time, unsurprisingly, millions of dollars in cash and assets belonging to the crypto exchange’s former big boss has been confiscated by United States authorities.

Federal authorities have seized $ 150 million in assets related to FTX co-founder and former CEO Sam Bankman-Fried, a large chunk of which comes in the form of Robinhood stock, a court filing revealed Friday.

Stocks, cash, and other assets totaling almost $ 700 million have now been seized by U.S. officials in connection with the ongoing probe.  Read more...

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FTX Claims Hackers Stole $415 Million From The Collapsed Crypto Exchange

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FTX disintegrated in November last year which then led to a cascade of events that exacerbated the already struggling crypto market.

The failed exchange is again hogging the headlines as FTX reports more than $ 415 million worth of crypto was hacked. 

According to recent reports, the exchange recovered more than $ 5 billion worth of liquid assets which would then be used to pay off creditors.

Some $ 2 million in cryptocurrency belonging to the hedge firm Alameda Research was also stolen, the company disclosed in a statement.  Read more...

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Huobi Token Sees $75 Million Leave Platform In Last 24 Hours – Can HT Beat FUD?

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Huobi Token (HT) appears to be in a vulnerable state as it continues to deal with the drama that is happening within the Huobi cryptocurrency exchange.

While the crypto hiked its trading price by 3.2% during the last 24 hours to trade at $ 4.72 at the time of this writing according to tracking from Coingecko, the digital asset continues to struggle to regain some of its recent looses.

Over the previous seven and 14 days, HT has squandered 6.4% and 11.3% of its value, respectively, and is on the verge of another meltdown as suggested by some of its technical indicators.  Read more...

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Shiba Inu Takes A Hit As Whale Moves $28.7 Million in SHIB

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Shiba Inu has taken a 3% hit today as a whale has moved a massive SHIB stack worth $ 28.7 million in the last 24 hours.

Shiba Inu Has Declined Over The Past Day

SHIB had kicked off 2023 on a positive note as the meme coin had been riding an uptrend during the first five days of the year. Today, however, the asset has reversed toward a decline and has already erased almost all the gains of the recent rally.  Read more...

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Royal Rumble: FTX Asks Court To Help In Fight Over $450 Million Robinhood Shares

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Multiple news agencies reported on Saturday that the bankrupt cryptocurrency exchange FTX has requested a U.S. court for assistance in a dispute over ownership of approximately $ 450 million worth of Robinhood Markets stock.

Based on a court filing made by the Bahamas-based FTX, 56 million shares of Robinhood Markets are the focus of this conflict, and as of today, three separate parties have asserted ownership.

The attorneys for the failed crypto exchange sought the bankruptcy judge handling its insolvency case to suspend access to the shares pending confirmation of their genuine ownership.  Read more...

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Cardano Turns Bullish As Sharks Accumulate $83 Million ADA In 6 Weeks

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Cardano sharks have awoken from their slumber in the last two months. These large ADA wallets began an accumulation trend in early November that has seen them scoop up hundreds of millions worth of tokens in the six-week period. The implications of these on the price of the digital asset could be impactful over time.

Cardano Sharks Grab $ 83 Million

On-chain data aggregator Santiment posted a chart on Twitter that showed the accumulation trend of Cardano sharks. These wallets holding between 10,000 and 100,000 ADA had ramped up their buying starting from Nov. 7 and in the course of six weeks had drastically increased their collective holdings by more than 10%.  Read more...

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FTX Founder Sam Bankman Fried Released On $250 Million Bail

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FTX founder and former CEO Sam Bankman Fried (SBF) had his first appearance in court following his extradition from the Bahamas. According to several reports, SBF was granted bail and will be able to live with his parents, the two U.S. Ivy League compliance lawyers, in Palo Alto, California. 

The former FTX CEO was presented in front of a Manhattan court. Here, a federal judge allowed his release where SBF met highly restrictive conditions, such as a $ 250 million bail and mandatory residency with his parents, Joseph Bankman and Barbara Fried, both law teachers at Stanford. 

Ethereum ETH ETHUSDT FTX Sam Bankman Fried  Read more...

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Bitcoin Hardware Wallet Maker Foundation Devices Completes $7 Million Seed Round

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Led by Polychain Capital, new investors into the Bitcoin hardware and software firm include Greenfield Capital and Lightning Ventures.

Foundation Devices has announced the end of a seed round raising $ 7 million, led by Polychain Capital. Other investors included new additions Greenfield Capital and Lightning Ventures, alongside previous investors Third Prime, Warburg Serres, Unpopular Ventures and Bolt.

Bolt, an early stage venture fund, previously led a seed round for Foundation which amounted to $ 2 million. That was just a month after Foundation’s launch of its original flagship product, the Passport.  Read more...

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Hong Kong Stock Exchange’s First Bitcoin Futures ETF Receives $53 Million Initial Investment

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The futures ETF will be the first of its kind available in Asia according to the asset manager, CSOP.

Investors in the Hong Kong Stock Exchange will be able to trade the CSOP Bitcoin Futures ETF (3066.HK) starting December 16 according to a press release. The ETF will track the Chicago Mercantile Exchange’s Bitcoin ETFs through active investment. It has received approximately $ 53 million in initial investments at a listing price of $ 1 (HKD 7.75).  Read more...

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Core Scientific’s Lender Offers $72 Million Bailout To Embattled Miner

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The public miner may be saved by its lender as the two entities engage in attempts to restructure their debt.

Core Scientific’s lender, B Riley, has stated its intentions of loaning out $ 72 million to the embattled publicly traded miner. Core Scientific currently has an existing loan with B Riley totaling $ 42 million. The new $ 72 million loan would be “on favorable terms,” and aim to provide two years of runway before anticipating profitability from the company.  Read more...

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Crypto Liquidations Exceed $830 Million As Bitcoin Crashes

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Liquidations in the crypto market have amounted to more than $ 830 million over the last 24 hours, as Bitcoin has crashed below the $ 18k level.

$ 832 Million In Crypto Futures Was Liquidated During The Past Day

In case anyone is unaware of what a “liquidation” is, it’s best to get a brief understanding of the workings of margin trading first, before diving into the data.

When an investor opens a cryptocurrency futures contract on any derivative exchange, they first have to put forth some collateral, called the “margin.” This amount can be both in USD and in a crypto like Bitcoin.  Read more...

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Crypto Market Sees Almost $400 Million In Liquidations As Prices Drop Again

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The broader crypto market is once again taking a heavy beating as Bitcoin, Ethereum and their fellow digital currencies are painting their charts in red.

Bitcoin was hit the hardest this time as its price correction led to a fall below the $ 20K marker. According to tracking from Coingecko, at the time of writing, BTC is trading at $ 19,770.

Ethereum decreased by 5.4% over the last 24 hours and has fallen below the $ 1,500 range, changing hands at $ 1,486.  Read more...

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Do Kwon Misery Worsens: Investors File $57 Million Lawsuit Vs. Terra Co-Founder

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Do Kwon, now a fugitive wanted by South Korean prosecutors and the Interpol, has a new fire to put out as more than 300 investors from Singapore decided to file a class action lawsuit against the Terra Labs co-founder.

The 357 capitalists from the Asian nation had no choice but to bring the fight to court as they lost $ 57 million. The plaintiffs claim that Do Kwon and his cohorts deceived them by making them believe that the value of the UST stablecoin is, as the word says, “stable” and will always be pegged to the U.S. dollar.  Read more...

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Crypto Wallet BitKeep Hacked, Loses More Than $1 Million

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The crypto wallet, BitKeep, has recently been attacked by hackers. Asia’s most popular cryptocurrency wallet is BitKeep Wallet.

According to a tweet from PeckShield, a blockchain security and data analytics company, the amount disclosed exceeded $ 1 million.

BitKeep has, however, quickly informed all its users about the unfortunate hack. It also mentioned that the development team is working hard to locate and contain the reach of the hacker.

The hackers have drained the wallet and exploited the swap feature.  Read more...

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Soroban Receives $100 Million To Accelerate Stellar Smart Contract Adoption

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Stellar Development Foundation (SDF), a non-profit organization focused on the growth of Stellar blockchain, has launched a $ 100 million fund to accelerate native smart-contract adoption. Soroban, the smart-contract platform that builds on the Stellar network, will incentivize funds among developers to create new tools and applications for better network performance.

Opposite to the current market situation and the worse stance of the law enforcement sectors, blockchain developments continue to make headlines almost daily. Once the crypto winter starts fading, the increasing number of developments in the blockchain space might be attributed to skyrocketing crypto prices to new highs.  Read more...

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