MyCointainer Raising Over $6M In Seed A Funding Round

MyCointainer, a cryptocurrency staking platform, recently raised more than $6 million in a Seed A funding round. The Polish startup will use these funds to help develop and expand its yield earning platform to Asian, European, and Middle Eastern countries.  What Is MyCointainer? MyCointainer’s funding round includes top names within the crypto industry, including Maple Block, Shima Capital, and ByBit exchange. Each of these organizations has a history investing in some of the most successful names in crypto, including 1Inch,…

Crypto.com Admits Hackers Stole $34 Million From Users

A crypto exchange Crypto.com confirmed that hackers stole nearly $34 million during Monday's hack. In a Tuesday update, the exchange revealed that hackers stole 443.93 bitcoin ($18.7 million), 4835.25 ether ($15.2 million) and approximately $66,200 in USD. The company faced criticism over its communication after the incident. The company's CEO only confirmed the hack on Wednesday, three days after it took place. In total, the hack affected 483 users. However, Crypto.com said that they fully reimbursed all of them. The…

Airbnb Could Implement Crypto Payments

Airbnb could be working on bringing crypto payments to its platform. Airbnb's CEO Brian Chesky revealed that the online lodging marketplace is implementing crypto payments. That is together with other improvements to the site. Chesky rounded up the top suggestions for new features for Airbnb's service in a recent Twitter post. On Monday, Chesky asked its users what Airbnb should launch for 2022. He received 4000 submissions from users. Out of these, implementing crypto payments was the top suggestion. https://twitter.com/bchesky/status/1478553642357559296 Chesky…

Metaverse Frenzy Grips Chinese Investors, Despite Warnings From State Media

Small and medium Chinese investors are "licking the blood on the edge of a knife," when investing in the Metaverse. At least that is what a report in a Chinese state-owned paper claims. Since Mark Zuckerberg announced that Facebook will be rebranding into Meta Platforms, companies have been racing to claim the space. The Metaverse will be a digital space where users can interact with each other and their virtual environment. The tech could revolutionize the way we work, travel…

Moscow Confirms a Major Arrest of Russian-based Crypto Entrepreneur and Founder in Amsterdam

In the Netherlands, law enforcement agencies have arrested a Russian crypto entrepreneur. Allegedly, the individual takes part in two established cryptocurrency exchange platforms. Upon U.S. law enforcement’s request, the apprehension came into effect. The arrest of the Russian cryptocurrency exchange founder became major crypto news in no time. Denis Dubnikov co-founded crypto exchange platforms Eggchange and Cayote Crypto. After the arrest on November 1 in Amsterdam, the Russian Foreign Affairs Ministry decided to confirm the news. Meanwhile, the report was…

MasterCard Set To Launch Crypto-Linked Payment Cards In Asia Pacific

In recent years, cryptocurrency has become highly popular. Also, thanks to innovative and secure blockchain technology, crypto payments have become a standard payment method worldwide. Now, things are looking to get even more convenient for people using cryptocurrency. MasterCard recently signed an agreement with several cryptocurrency services providers. Among them are Amber, BitKub, and Coinjar. And, their mission is to develop the first-ever crypto-linked MasterCard payment tools in the Asia Pacific region. Above all, these cards will allow customers living…

Robinhood Hack – 7 Million of Users Exposed

In today's world, data is the new oil. Businesses everywhere compete to gather valuable data about their customers. This way, they can target them more effectively and boost their sales. Without customer and financial data, businesses cannot be successful. Similarly, data security is a critical facet of any thriving enterprise. As a result, companies funnel millions of dollars into advanced data security protocols to keep data theft at bay. Nevertheless, we hear about security threats and data leaks from time…

Reddit Co-Founder To Invest $100 Million In Social Media On Solana

Building a new startup has become relatively easy in today's world. Also, you can complete its registration and most of the work online in just a few minutes. However, what matters is conceiving an idea that would become the next big thing and disrupt the tech sector. Several instances exist where founders of popular tech and social media companies reinvest their money into another company. This happens when they estimate the viability of their investment as potentially successful. Recently, prominent…

Major Pakistan Bank Partners With Ripple To Facilitate Remittances From UAE

The case for crypto in developing countries is getting stronger. This is due to the newest development from the United Arab Emirates. UAE's financial services provider LuLu Exchange has partnered with Pakistan's leading Alfalah bank to facilitate remittances - with Ripple. Specifically, to aim of the partnership is to facilitate remittances from UAE to Pakistan. Cross-border payments are one of Ripple’s primary use cases. Blockchain tech could now benefit the 1.5 million Pakistanis who live in the UAE. Ripple network could…

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