Crypto Millionaire Loses $43 Million In Trading Bet, Rakes Up $132 Million In...
The crypto industry is known for its volatility and high-risk trading, which can turn sour if not properly managed, even for very experienced crypto traders. One such loss is the case of crypto millionaire James Fickel, who has seen his bold bet on Ethereum put him with staggering losses. Data shows that Fickel has lost […]
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Lithuania’s tax authority has sold the cryptocurrencies it previously seized for 6.4 million euros (approximately $7.6 million). The three cryptocurrencies confiscated were bitcoin, ether, and monero. This was the first time the tax authority sold seized cryptocurrencies. Lithuania Sold Seized Cryptocurrencies The State Tax Inspectorate (STI) under the Ministry of Finance of the Republic of Lithuania announced Tuesday that it has sold the cryptocurrencies it confiscated in February and transferred 6.4 million euros to the state budget. The tax authority explained that this is the....
PRESS RELEASE. Monopoly Millionaire Game, a marine-themed GameFi that involves island construction, cultivating, shooting and more, announced that it has completed a seed funding of 1 million US Dollar. By this round of funding, MMG was valued at 10 million US Dollar.
Mirana Ventures led the seed funding round. Other notable investors included Kernel Ventures, Mint Ventures, Crypto J, and Ventorylabs.
MMG Team said it will use the fund to help realize the MMG GameFi vision and attract more users to participate in the Web3 games. In MMG, players shall buy Cannon NFTs....
A new report by two cybersecurity firms has revealed that one ransomware family is particularly successful, raking in over $150 million in bitcoin. The ransom payments “sometimes amount to millions of dollars and typically run in the hundreds of thousands range.” Ransomware Makes $150 Million in Bitcoin The Ryuk ransomware family has raked in $150 million in bitcoin, according to a joint report by cybersecurity firms Advanced Intel and Hyas. “The Ryuk family of ransomware has been particularly successful in economic terms as well as having a disruptive impact on many....
Kevin O’Leary, the millionaire investor and “Shark Tank” television personality, was reportedly paid $1 million per hour to promote the now-defunct cryptocurrency exchange FTX. According to a tweet shared by Coffeezila, an on-chain investigator, the self-made millionaire allegedly received $15.7 million in compensation for providing “twenty service hours, 20 social media posts, one virtual lunch, and five […]
The world’s largest bitcoin options exchange, Deribit, was hacked for close to $28 million, according to an update from the company’s official Twitter account on Nov. 2. Deribit says that the firm’s hot wallet was drained just before midnight the day prior. Crypto Derivatives Exchange Deribit Loses $28 Million — Company Says Customer Funds Are Safe and Business ‘Remains in a Financially Sound Position’ In terms of open interest and volume tied to bitcoin (BTC) and ethereum (ETH) options, Deribit has been the leading crypto options exchange for....