Crypto Venture Fund ‘Multicoin Capital’ Announces New $430 Million Fund
Multicoin Capital is a crypto investment company that today announced Venture Fund III with commitments of up to $430 million.
Nigerian Fintech Company Moove Raises $20 Million from British Financial Institution
Moove, a Nigerian fintech company, has recently received a $20 million investment by British International Investment (BII). Moove stated that the funds would be used to democratize vehicle ownership in Africa.
A Texas Based Bitcoin Mining Company Forced to Shut Down Due to Heatwave
According to the Texas Blockchain Association president, the collective move returns more than 1% of Texas’ power back to commercial and retail users.
A British Jeweller will Sue It’s Insurance Company for not Paying out $7.5 Million in Bitcoin Ransom
British jeweler sued his insurance company over refusing to pay $7.5 million for a bitcoin ransom. The hackers were paid by the jeweler to stop sensitive customer data being published.
Klarna Raises $800 Million in Latest Fund Raiser but at a Much Lower Valuation
Klarna raised $800 Million at a valuation of $6.7 billion, which is significantly less than the $45.6 Billion it was valued at in June 2020.
Crypto Market Meltdown Spreads to Metaverse Tokens
Over the past 24 hours, Metaverse tokens in Decentraland and The Sandbox, Enjin Coin and Axie Infinity all fell by approximately 6%
Another Drop in Bitcoin’s Hashrate – Mining Companies Lose Huge Profits
After reaching an all-time peak on June 8, 2022 at block height 739.928, Bitcoin’s hashrate has been declining in recent years. The hashrate fell from 243 exahash per seconds (EH/s), to today’s 178.44, losing 26.56% in that time period. The difficulty adjustment algorithm (DAA), which has experienced two consecutive drops, is expected to drop once again in approximately 11 days or 1,600 blocks.
Only 100 ApeCoin Holders Hold Over 50% of the Total Supply
In mid-March 2022 Bored Ape Yacht Club (BAYC’s) Apecoin DAO launched. It airdropped millions to NFT holders and issued them with apecoin tokens. Two months ago, the crypto asset that is dedicated to the BAYC ecosystem reached an all-time high of $26.70 per unit. Despite the fact that apecoin has fallen more than 81% in the past two months, and despite the fact 80,744 addresses possess APE, only 100 addresses have 51.21% of the circulating supply.
A Spanish Crypto Company 2gether Shuts Down Suddenly Affecting 100K Users
According to RTVE, the Spanish state-owned media company RTVE reports that 2gether, a Spanish cryptocurrency platform, is closing down. According to the Spanish Association of Financial Users, about 100,000 users will be affected by this sudden shutdown.
Japan have been Asked by The United States to Pressure Crypto Exchanges that work with Russia
U.S. According to reports, diplomats in the U.S. have called Tokyo authorities to put more pressure on Japanese crypto-exchanges and miners to cut all ties to Russia. This was done to increase Moscow’s financial isolation in the face of ongoing Russian aggression on Ukraine.
