Coin Miller - Page 75 of 99 - Empowering Your Crypto Journey

Saga Launches Liquidity Integration Layer (LIL), Revolutionizing Cross Chain Liquidity

Henrietta Moody1 year ago7 months ago05 mins

Saga, the Layer 1 platform purpose-built for launching dedicated application-specific blockchains (chainlets), is proud to announce the official launch of its Liquidity Integration Layer (LIL). As the first solution of its kind, LIL addresses liquidity fragmentation in a natively multichain environment, empowering developers to launch innovative Defi projects, primitives, and memecoins with unprecedented ease. This…

House Democrats allege Trump family made $800 million from crypto ventures

David Perry9 months ago7 months ago03 mins

Trump Family Crypto Wealth Under Scrutiny House Judiciary Committee Democrats released a report claiming the Trump family has generated substantial wealth through cryptocurrency ventures since the beginning of the 2024 election campaign. The document, signed by Representative Jamie Raskin, suggests President Trump has doubled his net worth primarily through launching cryptocurrency-related businesses. According to the…

The Fahrenheit Consortium, composed of Arrington Capital, a venture capital firm, and US Bitcoin Corporation, a miner, has successfully acquired Celsius Network's assets through a court-sanctioned auction process. The consortium has received assets worth around $2 billion from Celsius, consisting of their institutional portfolio of loans, staked crypto assets, mining units, and various alternative investments. https://twitter.com/CelsiusNetwork/status/1661807582099505190?t=X-nq5KM0tN8Xd83LQIIhkg&s=19 About the Celsius Acquisition As per legal records, the acquisition of Celsius Network, which had gone bankrupt, has been won by The Fahrenheit Consortium. After being acquired by the Fahrenheit Consortium, Celsius Network is set to be managed by a new entity called NewCo, which will be owned by its creditors. The group, consisting of Arrington Capital and US Bitcoin Corp, will provide the financing, management team, and technology needed to create and operate NewCo. https://twitter.com/CelsiansNetwork/status/1661741113160630272?t=7lGZ3olS6iTGVPvPObF7Cg&s=19 In addition, Celcius has disclosed that they have also secured a secondary proposal from the Blockchain Recovery Investment Consortium (BRIC) which will act as a backup plan and be implemented if needed. NovaWulf, the competing bidder, was unsuccessful in securing the purchase. Significance of this Acquisition After the crypto market crash, Celsius declared bankruptcy in July. Despite this setback, the company had previously secured $1.2 billion through a token sale in 2018 and had a valuation of $3.1 billion during a funding round in April 2021. Luckily, the Fahrenheit Consortium has taken over Celsius, which is anticipated to furnish the required resources for the company's ongoing operation and service expansion. The consortium has committed to investing as much as $500 million in Celsius's assets, which will supply the essential capital for the company's business development. It is also anticipated that BRIC will establish a mining corporation that will be publicly traded, granting Celsius creditors full proprietorship of the equity concerns. Moreover, there is a possibility of a management contract with GlobalXDigital. Celsius aims to discuss and present several crucial papers in the following weeks, subject to endorsement from the bankruptcy court.

Fahrenheit Consortium Emerges Victorious in Auction for Celsius’s Assets

Idella Walsh3 years ago7 months ago02 mins

The Fahrenheit Consortium, composed of Arrington Capital, a venture capital firm, and US Bitcoin Corporation, a miner, has successfully acquired Celsius Network’s assets through a court-sanctioned auction process. The consortium has received assets worth around $2 billion from Celsius, consisting of their institutional portfolio of loans, staked crypto assets, mining units, and various alternative investments….

Russian official says two-thirds of fraud proceeds laundered through cryptocurrency

David Perry9 months ago7 months ago03 mins

Russian Official Highlights Cryptocurrency Money Laundering Concerns Evgeny Masharov, a member of Russia’s Commission for Public Review of Bills and Regulatory Acts, recently shared some concerning statistics about cryptocurrency use in criminal activities. According to his statements to the TASS news agency, about two-thirds of funds obtained through defrauding Russian citizens end up being laundered…

Japanese Banks and Firms joined Forces to build a Metaverse Economic Zone

Stew Lane3 years ago3 years ago02 mins

In a highly ambitious move, some of Japan’s leading financial and technological institutions have come together to form an innovative metaverse infrastructure project. To provide users with convenient payment systems, reliable authentication services, and comprehensive insurance options across multiple platforms, this collaborative effort is poised to revolutionize how digital assets are handled in the modern…

FUNToken Launches its Decentralized XFUN Ecosystem in Partnership With Polygon Studios

Henrietta Moody4 years ago7 months ago04 mins

The largest iGaming token by market cap rolls out XFUN token, XFUN Wallet, and XFUN Casino to bring decentralized, non-custodial gaming to the mainstream. GIBRALTAR, April 12, 2022 – FUNToken, the largest iGaming token by market cap, has successfully launched its high speed, low latency, and gas-free counterpart on the Polygon network – XFUN. With…

Combination of MDEX and Alpaca Finance – BTCHeights

Idella Walsh5 years ago4 years ago03 mins

MDEX, a well-known DEX on both HECO and BSC chain, announced its collaboration with Alpaca Finance, the largest lending protocol allowing leveraged yield farming on Binance Smart Chain recently, by which users from Alpaca Finance can benefit from farming liquidity pools with massive rewards on MDEX. The first rounds of pool integrations will take place…

Appeals court skeptical of Sam Bankman-Fried’s conviction appeal

David Perry10 months ago7 months ago03 mins

Courtroom skepticism marks SBF’s appeal hearing Sam Bankman-Fried’s appeal hearing at the Second Circuit Court of Appeals didn’t seem to go particularly well for the former FTX CEO. The three-judge panel—Eunice Lee, Maria Araújo Kahn, and Barrington Parker—appeared quite doubtful about the arguments presented by his appellate attorney, Alexandra Shapiro. Shapiro argued that Bankman-Fried didn’t…

A Revolution in Digital Asset Security: CryoSeed’s Impenetrable Seed Phrase Vault

Stew Lane3 years ago7 months ago04 mins

As the world continues to embrace the digital age, security concerns have become increasingly prevalent. In addition, the rise of cryptocurrencies and other digital assets has led to a greater need for safe and secure storage solutions. CryoSeed, a new player in the digital asset security space, has developed an innovative solution to this problem….

Kommunitas Successfully Completes 31st Token Burn, Eliminating Over 424 Million $KOM Tokens to Strengthen Market Position

Stew Lane2 years ago7 months ago03 mins

Strategic Burn Reinforces Token Scarcity and Highlights Commitment to Enhancing Token Value Through Community Engagement [Panama, 13 May]: Leading decentralized crowdfunding ecosystem Kommunitas announces its 31st token burn event is successfully and permanently removing 424,749,197 $KOM tokens out of circulation. Valued at around $1,189,298, this was a major step towards increasing the value of the…