Kraken Blocks North Korean Hackers Access Attempt: Details

Kraken blocked a North Korean hacker posing as a job applicant, revealing fake identities and voice fraud.

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Riot Platforms proposes $950M buyout for Bitfarms amid CEO dispute

The hostile offer comes after a private offer to the board was rejected in April.

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LastPass Breach Linked to $150M XRP Theft by Ripple Co-founder Larsen

It has been reported that Ripple co-founder, Chris Larsen, fell victim to a theft of 150 million XRP tokens due to a breach in his password manager. This incident highlights the importance of maintaining strong cybersecurity measures, especially in the world of cryptocurrency where assets are vulnerable to such attacks. The breach in Larsen’s password [...]

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Ex-Stanford dean says SBF’s parents helped his family battle cancer

One of the previously undisclosed guarantors of Sam Bankman-Fried’s bond told Cointelegraph why he helped out the former FTX CEO.

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SBF’s $250M Bond Builds Curiosity Among Media Cats: Details

Everyone is seeing the tragedy that followed SBF’s FTX collapse. Media outlets around the world were obviously interested in Sam Bankman-Fried as he sat in his home under house arrest and wrote a lengthy blog entry. SBF was given a $250 million bail back in December. It has been acknowledged as the largest pre-trial bail […]

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After XDC Network secured $50M from LDA Capital, how far can its value grow?

XDC Network has secured $50 million from LDA Capital Limited and will accelerate the expansion and development of Layer-2 projects on top of the network. 

XDC Network (XDC/USD) is an enterprise-grade Ethereum Virtual Machine (EVM) blockchain that features interoperable smart contracts.

XDC Network was originally founded in 2019, and the XDC cryptocurrency fuels the transactions and the smart contracts on top of the network. 

Users also need to stake their XDC as a means of running validators, participating in the block generation process, and ensuring that the network is secure and safe.

In the latest crypto news, the founders behind the XDC network have utilized a portion of their personal token allocations as a means of securing a $50 million investment from the global alternative investment group known as LDA Capital Limited, based on an official press release published on October 3, 2022.

This investment aims to accelerate the expansion and development of Layer-2 projects on top of the XDC ecosystem as a whole and facilitate higher network adoption and real-world utility.

LDA support will also fund new ventures, all of which can contribute to the growth of utility as well as the value of the XDC cryptocurrency.

On October 3, 2022, XDC Network (XDC) had a value of $0.03133.

XDC/USD Chart by Tradingview.

The all-time high for the XDC Network (XDC) cryptocurrency was on August 21, 2021, at a value of $0.192754. Based on this, we can see that XDC was trading $0.161424 higher in value, or by 515% at its ATH.

When we go over its performance throughout the past week, XDC Network (XDC) had its low point at $0.02829998, while its 7-day high was at $0.03206897. Here we can see a difference in the value of $0.00376899, or by 13%.

Meanwhile, when we analyze its 24-hour performance, XDC Network (XDC) saw its low point at a value of $0.03075646, while its high point was at $0.03209331. This indicates that there is a difference in the value of $0.00133685 or by 4%.

With this in mind, investors might want to buy XDC at $0.03133, as by the end of October, it can climb to as much as $0.05, an increase of 59%

The post After XDC Network secured $50M from LDA Capital, how far can its value grow? appeared first on Invezz.

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Canadian firm writes off $150M Celsius bet

Caisse de Depot et Placement du Québec (CDPQ), one of the largest pension fund managers in Canada, has reportedly written off the $150 million investment it put in bankrupt crypto lender Celsius Network.

In a press release on Wednesday, CDPQ acknowledged that the Celsius bet might have been made a little “too soon.” But while that’s the case, the Quebec-based company said it had done all the due diligence it had to do before taking the bet in October 2021 – just before crypto reached the bull market peak (in November).

Charles Emond, the CDPQ CEO said that its team consulted and approached the stake cautiously, and did not see the eventuality that registered in June. And with Celsius bankrupt, plus millions of people hit by the losses, the pension fund manager is writing off their stake.

However, even as they do so, Emond noted that the firm is looking at legal possibilities.

The company’s announcement on Wednesday came as it released an update of its six-month returns.

According to the report, the firm saw a -7.9% return over the first half of 2022, with the fixed income portfolio dropping 13.1% and public stocks -16%. Overall, as the broader market suffered, CDPQ net assets declined to $303 billion.

Factors that impacted the market included rising inflation, higher interest rates and the geopolitical tensions exacerbated by Russia’s invasion of Ukraine.

Also detrimental to returns were the massive declines in equities and bonds, – it is this same scenario that contributed to the crypto crash and the contagion that followed.

It’s these factors that translated into several “collateral effects” that hit Celsius Network and other crypto companies very hard, with Celsius carrying a $1.2 billion hole in its balance sheet.

The post Canadian firm writes off $150M Celsius bet appeared first on Invezz.

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Trust Machines Bags $150m Funding, Boosts Web3 and BTC Apps Development

Trust Machines has successfully raised $150 million. Trust Machines aims to create a powerful Bitcoin ecosystem of transformational apps. The network aims to unlock the potential of Bitcoin for Web 3.0 apps. Web3 and Bitcoin application builder Trust Machines has successfully raised $150 million in funding. The funding will be used to expand and enhance […]

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Bgin Blockchain, a leading Crypto Mining Technology Firm, Seeks $50M IPO in the US

The cryptocurrency mining technology company BGin Blockchain has officially filed for a $50 million initial public offering (IPO) in the United States. This move marks a significant step for the firm as it looks to expand its presence in the rapidly growing blockchain industry. BGin Blockchain’s decision to go public comes as no surprise, given [...]

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Pantera Capital Founder Under Investigation for $850M Crypto Profits in Tax Probe: Report

Pantera Capital CEO Under Investigation for Tax Compliance in Crypto Space The founder of Pantera Capital, a prominent cryptocurrency investment firm, is currently under scrutiny for potential tax issues related to digital assets. The CEO, Dan Morehead, is facing an investigation by the Internal Revenue Service (IRS) in the United States, particularly focusing on his [...]

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CleanSpark to raise $550M via bond, not buy BTC with proceeds

CleanSpark joins the crowd in raising funds through convertible notes, but doesn't plan to invest the proceeds.

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Ether fractals target $5K, Avalanche raises $250M Finance Redefined

Increasingly more analysts and chart patterns are pointing to an imminent Ether breakout to an all-time high, bolstered by BlackRock doubling its Ether ETF holdings.

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