Tag: million
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Binance Sues RedotPay Founders for $470 Million
The lawsuit, filed in Hong Kong by Binance affiliates Nest Trading, Distributed Technologies, and Chaintecs Consulting Singapore, targets RedotPay co-founders Gao Zhangfeng, Chan Wa Choi, and Yao Chao. At the heart of the dispute is Binance’s claim that the defendants permitted its users to transfer funds into RedotPay card top-ups, despite explicit limitations stipulated in…
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Bitcoin Policy Institute Intervenes in New York Lawsuit Over 3.7 Million Bitcoin Labeled as Abandoned Property
The Bitcoin Policy Institute (BPI) has formally moved to intervene in a high-stakes New York lawsuit that seeks to reclassify nearly 3.7 million Bitcoin as abandoned property, a legal maneuver that could have profound implications for the global digital asset market and the fundamental principles of property rights in the age of decentralized finance. The…
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Axelar Confirms $4.67 Million Token Loss in Security Incident Affecting Secret Network Bridge
Axelar, a leading provider of secure cross-chain communication for Web3, is actively engaged in containing the fallout from a security incident that has led to the loss of approximately $4.67 million worth of digital assets. The exploit, identified and addressed swiftly, specifically targeted tokens bridged via the Inter-Blockchain Communication (IBC) protocol from the Axelar chain…
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Hyperscale Data Secures $30 Million Through Innovative Bitcoin-Backed Financing on Morpho Protocol to Fuel Michigan Data Center Expansion
Shares of Hyperscale Data (GPUS) experienced a slight downturn of 2.44%, closing at $0.1200 in regular trading, before showing a modest recovery of 0.67% to $0.1205 in early pre-market activity, following the announcement that the data center operator had successfully obtained approximately $30 million in financing by leveraging its Bitcoin holdings on the decentralized Morpho…
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Animoca Brands Invests $1 Million in Superior.Trade to Fuel Agentic Economy
Hong Kong-based Web3 giant Animoca Brands has injected $1 million into Superior.Trade, a burgeoning startup focused on developing autonomous AI trading agents, through its newly established Minds Investment Programme. This strategic infusion of capital underscores Animoca Brands’ commitment to fostering the growth of the agentic economy, a burgeoning sector focused on AI systems capable of…
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Coldcard Hardware Wallet Exploit Escalates, Draining $88 Million in Bitcoin and Sparking Urgent Warnings Across the Crypto Community.
The ongoing theft of Bitcoin from Coldcard hardware wallets, identified as a critical vulnerability stemming from a 2021 firmware error, has now reached an alarming estimated total of $88.6 million, with researchers cautioning that every compromised device remains at severe risk. The attacks, characterized by their deliberate and programmatic nature, underscore a profound challenge to…
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Bitcoin Mining Giant Marathon Digital Holdings Acquires Over 2,700 Bitcoin Following Substantial 850 Million Dollar Convertible Note Offering
The digital asset landscape witnessed a significant institutional move this week as Marathon Digital Holdings, now officially known as MARA Holdings, Inc., aggressively expanded its corporate treasury. Following the successful closing of an $850 million convertible note offering, the Florida-based Bitcoin mining titan acquired a total of 2,723 Bitcoin (BTC) within a forty-eight-hour window. This…
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Institutional Investors Pivot as Crypto Markets Face 414 Million in Weekly Outflows Amid Macroeconomic Volatility
Institutional investors recently executed a significant strategic shift in their digital asset holdings, liquidating an overall total of $414 million in Bitcoin and various cryptocurrency assets over the span of a single week. According to the latest Digital Asset Fund Flows Weekly Report released by CoinShares, this substantial movement of capital marks the first major…
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British Court Dismisses Bid to Excavate Landfill for 600 Million Dollars in Lost Bitcoin
The long-running legal and personal saga of James Howells, a Welsh IT engineer who accidentally discarded a hard drive containing a massive fortune in Bitcoin, has reached a definitive and somber conclusion in the British court system. A judge has officially rejected Howells’ latest legal attempt to compel the Newport City Council to allow an…
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Hardware Wallet Industry Reacts to $38 Million Coldcard Exploit as Major Players Reassure Users and Block Uncovers Critical Flaws
The normally reticent and highly competitive hardware wallet industry witnessed an unprecedented display of rapid, coordinated communication today, as leading manufacturers including Ledger, Trezor, Bitkey, Jade, and Tangem swiftly issued public statements to reassure their user bases. This unusual unanimity stemmed from a critical security vulnerability discovered in Coldcard hardware wallets, which has reportedly led…
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