Tag: Million

Zcash surges as core development team closes $25 million funding round

admin

Zcash (ZEC) rose 3% to approximately $216 on Monday after Zcash Open Development Lab (ZODL), the entity formed to advance the privacy-focused digital asset ecosystem, secured more than $25 million in a funding round that drew participation from Paradigm, a16z crypto, Winklevoss Capital, Coinbase Ventures, and other prominent crypto investors. The round also included backing from Cypherpunk Technologies, Maelstrom, Chapter One, and individual investors, including Balaji Srinivasan, David Friedberg, Haseeb Qureshi, and James Nicholas. A group of angel investors from across the crypto and technology sectors participated as well. https://t.co/MtgE0AF2eg…

NYSE hit with $9 million SEC penalty over 2023 market disruption

admin

The New York Stock Exchange has agreed to pay a $9 million penalty to settle charges brought by the US Securities and Exchange Commission over a 2023 technology glitch that disrupted the opening of trading in thousands of stocks. The issue dates back to January 23 when a configuration error left a backup disaster-recovery system running during overnight maintenance, causing the exchange’s Pillar platform to incorrectly process opening auction data, the SEC said in a March 6 filing. That resulted in the exchange bypassing the standard opening auction for more…

Kazakhstan eyes up to $700 million investment in crypto assets and firms

admin

Kazakhstan could invest up to $700 million in crypto assets and related companies under plans to establish a state crypto reserve funded from sovereign assets, according to the National Bank of Kazakhstan. The central bank has set aside up to $350 million from its gold and foreign exchange reserves for investment in crypto-related assets, which may include digital assets, crypto tech stocks, and index funds or instruments linked to crypto performance, as confirmed by Governor Timur Suleimanov at a briefing on interest rates today. Central Bank Deputy Chair Aliya Moldabekova…

BC.GAME offers $500,000 bounty to track wallet tied to $4.3 million exploit

admin

Betting platform BC.GAME has launched a $500,000 bounty for any information that could help it track a wallet allegedly holding funds stolen during a $4.3 million exploit of a third-party game on its platform. This address belongs to a hacker,the funds used are illegal proceeds stolen from https://t.co/75wFXJL2Zp!! The hacker exploited a vulnerability in a third-party game and illegally profited $4,326,700 from BCGAME. BCGAME is now offering a global bounty to all players worldwide… https://t.co/U8DiVj14G0 — BC.GAME (@bcgame) March 5, 2026 The exploit came to light early Thursday after EyeOnChain,…

YZi Labs commits $100 million to Hash Global’s BNB Holdings Fund

admin

YZi Labs, the rebranded venture arm of Binance that manages $10 billion in assets, has committed $100 million to Hash Global’s BNB Holdings Fund, an institutional vehicle designed to give traditional financial firms exposure to the BNB ecosystem. Hash Global, an Asia-based digital asset investment manager and longtime BNB Chain validator, structured the fund to let institutions participate in ecosystem yields without directly handling on-chain operations. The commitment builds on YZi Labs’ earlier backing of Hash Global’s retail-focused BNB Yield Fund and signals deeper collaboration between the two firms. “BNB…

AI-Driven Deflation Could Push Bitcoin To $11 Million By 2036, Strive Says

admin

Technological deflation driven by artificial intelligence could help push Bitcoin above $10 million within a decade by pressuring central banks to keep expanding the money supply, according to a report from Strive strategist Joe Burnett. Burnett, Strive’s vice president of Bitcoin strategy, said in a report published Monday that faster productivity gains from AI will push down prices across goods and services, squeezing margins and prompting policymakers to respond with sustained monetary expansion. His “base case” calls for Bitcoin (BTC) to reach $11 million in the first quarter of 2036,…

Billionaire Peter Thiel files to sell $280 million in Palantir shares

admin

Palantir’s billionaire co-founder Peter Thiel on Monday filed with the SEC to offload 2 million shares in the data analytics firm for $280 million. Thiel helped establish the company in 2003 alongside Alex Karp, Joe Lonsdale, Stephen Cohen, and Nathan Gettings. He contributed $30 million in seed capital, drawing inspiration from fraud-detection systems he developed at PayPal. Early backing from In-Q-Tel, the CIA’s investment arm, enabled the firm to launch its Gotham platform in 2008, which serves intelligence and defense clients. The company went public in 2020. Palantir capped 2025…

Luca Netz: Trove’s $11.5 million token sale highlights flaws in ICO structure, liquidity issues threaten NFT market, and the rise of echo groups over traditional VC

admin

Trove’s token sale raised $11.5 million, focusing on real-world assets like collectible cards. The ICO process for Trove was oversubscribed, leading to incomplete refunds for investors. The token sale process lacks the structure needed for success, highlighting a gap in support for token founders. Key Takeaways Trove’s token sale raised $11.5 million, focusing on real-world assets like collectible cards. The ICO process for Trove was oversubscribed, leading to incomplete refunds for investors. The token sale process lacks the structure needed for success, highlighting a gap in support for token founders.…

Bitcoin whale Garrett Jin sends $761 million in BTC to Binance

admin

A crypto wallet tied to prominent trader Garrett Jin deposited 6,318 Bitcoin, worth roughly $425 million, to Binance in the past few minutes, continuing a series of large transfers that have drawn attention from blockchain analysts, according to data from Arkham Intelligence. Earlier today, the address sent about $336 million worth of Bitcoin to Binance. In total, 11,318 coins valued at $761 million have now been transferred to the crypto exchange. Jin, a pseudonymous trader also known as Garrett Bullish, who previously served as chief executive of the now-defunct BitForex…

Uber plans $100 million investment in autonomous vehicle charging stations

admin

Ride hailing giant targets 10 self driving cities by 2026 as stock rebounds 3%. Uber announced today it will invest $100 million to construct fast-charging stations designed for autonomous vehicles across the United States. The infrastructure buildout will begin in the San Francisco Bay Area, Los Angeles, and Dallas, supporting the company’s expanding robotaxi operations. The company has set a target of deploying self-driving taxi services in more than 10 cities by the end of 2026. The investment comes as the ride-hailing giant faces mounting pressure from rivals developing driverless…