Dune Analytics reaches $1 billion valuation after $69 million funding round

    Dune Analytics, one of Ethereum’s most popular data visualization and analytics platforms, propelled to Unicorn Status with a $1 billion valuation after a $69 million fundraising round, looking to expand cross-chain. On February 2, Dune Analytics announced the close of a $69,420,000 round at a $1 billion valuation. The round was led by Coatue, a…

    Bitcoin hits $40,000, wiping out combined with ETH $160 million of shorts

    Bitcoin and other cryptocurrencies rallied on Friday, reversing losses from a few days ago. Ether (ETH), the world’s second-largest cryptocurrency, gained 13% over the past 24 hours, while an 11% rise in BTC and the NEAR token surged as much as 20%. The rise in altcoins relative to Bitcoin could reflect a greater appetite for…

    DeFi bridge Wormhole is hacked for $325 million

    The DeFi platform Wormhole became the victim of the largest crypto heist this year when an attacker exploited a security flaw to make off with close to $325 million. The attack on the popular bridge linking Ethereum and Solana is among the top five largest crypto hacks of all time. The attack took place on…

    Saudi Arabia ranked third among Arab crypto users

    Saudi citizens took third place in the Arab world in terms of cryptocurrency owners. Egypt ranked top by the number of crypto users, while Morocco ranked second. According to a study published by crypto analytics company TripleA, 453,000 Saudis in total own crypto assets, ranking third among the Arab countries, Saudi Gazette reported. Egypt ranked…

    X Ventures partners with Agora to host The X Competition

    X Ventures and Agora announced the launch of the X Competition, giving blockchain startups the chance to win up to $2 million in funding, a business strategy workshop with renowned experts in Berlin, and exposure to over 50 venture capitalists at the Agora 9th Edition Global Blockchain Congress, an invitation-only blockchain conference in Dubai on…

    Solana ETP receives approval to trade on Frankfurt Boerse

    DeFi Technologies subsidiary has been given the green light by the Boerse Frankfurt Zertifikate AG to list an exchange-traded product (ETP) that tracks the price of Solana cryptocurrency (SOL). The ETP provides traditional investors exposure to the crypto within a regulated and “fully backed” environment. According to a Monday press release, Valour’s Solana ETP began…