Latest Nets News

  • Lithuanian tax service’s first confiscated crypto sale nets $7.6M
    Lithuanian tax service’s first confiscated crypto sale nets $7.6M
    The Lithuanian State Tax Inspectorate exchanged Bitcoin, Ether and Monero for 6.4 million euro. The Lithuanian government has reportedly sold a batch of cryptocurrency seized by local enforcement agencies. The State Tax Inspectorate, or STI, the country’s tax authority, sold confiscated crypto assets worth 6.4 million euro ($7.6 million) and subsequently added the funds to the state budget. According to an official announcement on Nov.
  • Mike Novogratz’s Galaxy Digital Nets $44.3M in Q3
    Mike Novogratz’s Galaxy Digital Nets $44.3M in Q3
    Galaxy Digital was trading slightly higher on the news.
  • $1 Bitcoin investment beats gold and stocks despite 2020 gains
    $1 Bitcoin investment beats gold and stocks despite 2020 gains
    2020 is no exception to the rule that putting $1 into Bitcoin nets investors more than traditional assets. Bitcoin (BTC) still beats gold as an investment in 2020 despite the precious metal generating its biggest returns in a decade. In a knock to gold bugs, data shows that despite gold’s run this year, Bitcoin still trumps every macro asset when it comes to investment profits. Bitcoin “quietly eating the financial world” Fresh off its second best quarterly close on record, Bitcoin is up almost 50% in 2020, while gold has managed just half of that — 25.6%. The S&P 500, an index with which Bitcoin has shown considerable correlation, is just 5.5% higher than at the start of January. Des
  • Ethereum Data Firm Dune Analytics Nets $2 Million Seed Round
    Ethereum Data Firm Dune Analytics Nets $2 Million Seed Round
    Dragonfly Capital led the funding round for the popular Ethereum analytics tool.
  • USDC Stablecoin Comes to Flow as NBA Top Shot Nets $2 Million
    USDC Stablecoin Comes to Flow as NBA Top Shot Nets $2 Million
    Dapper Labs and other developers can add new payments options to its dapps and games, with NBA Top Shot up first.
  • Ethereum Classic Attacker Nets USD 1.7m, Bitfinex Loses USD 1m + More News
    Ethereum Classic Attacker Nets USD 1.7m, Bitfinex Loses USD 1m + More News
    Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Security news The Ethereum Classic (ETC) attacker made at least USD 1.7m during the second attack on the network yesterday, according to Bitquery, a blockchain analysis firm.
  • Dapper Labs Raises $12M From VC Firms and NBA Players, Nets $1.2M in NFT Sales
    Dapper Labs Raises $12M From VC Firms and NBA Players, Nets $1.2M in NFT Sales
    CryptoKittes’ creator Dapper Labs has secured $12 million in investment from blockchain venture capital notables and pro-NBA players. Dapper Labs, the team behind CryptoKitties and NBA Top Shot, has secured $12 million in the latest investment round for its Flow blockchain. New investors include Coinbase Ventures, BlockTower Capital, and NBA players Andre Iguodala of Miami Heat, Spencer Dinwiddie and Garrett Temple of the Brooklyn Nets, JaVale McGee of the Los Angeles Lakers, and Aaron Gordon of the Orlando Magic. Dapper’s chief executive and founder, Roham Gharegozlou, stated that the funding will be used to “ensure that Flow can scale to the size of projects appealing to fan bases as big as the NBA.” Dapper Labs has now raised approximately $38 million in total. NBA Top Shot sees early success Dapper Labs also revealed that it has sold more than $1.2 million worth of crypto-collectibles to hundreds of early adopters on the two-month-old beta version of its NBA Top Shot platform. The game is Dapper’s flagship title built on the Flow blockchain.
  • Hacker nets over $5 million in Ethereum Classic 51% attack
    Hacker nets over $5 million in Ethereum Classic 51% attack
    New analysis has revealed the recent Ethereum Classic attack was far from a glitch, enabling a double spend attack worth millions.
  • NBA Star Sells Just 10% of Tokenized Contract
    NBA Star Sells Just 10% of Tokenized Contract
    Brooklyn Nets star Spencer Dinwiddie’s offering of tokenized shares in his NBA contract concluded after only raising 10% of its target. Professional basketball player Spencer Dinwiddie has had a disappointing response to his offering of tokenized shares in his $34 million contract with the National Basketball Association (NBA). The token sale concluded almost one year after he first announced his intention to issue security tokens representing fractionalized ownership in his NBA contract — with each ‘SD26 Professional Athlete Token’ representing a $150,000 stake in the contract. Only eight investors participate The Brooklyn Nets guard aimed to sell 90 shares worth $13.5 million, but Form D regulatory filings submitted to the US Securities and Exchange Commission (SEC) reveals that only nine shares were issued in exchange for $1.35 million — a mere 10% of Dinwiddie’s target.  Etherscan data indicates that only eight investors participated in the offering and Dinwiddie has not acknowledged the sale’s conclusion on Twitter. Dinwiddie’s long road to tokenization  After announcing his intention to issue tokenized shares in his contract during September 2019, Dinwiddie faced stiff opposition from the NBA — which initially threatened the termination of Dinwiddie’s contract should he proceed with the sale. After a string of delays, the SEC filing indicates that Dinwiddie’s began selling the tokens from January 10. There were signs the sale wasn’t going too well.
  • NBA’s Spencer Dinwiddie raises lackluster $1.3 million in token sale
    NBA’s Spencer Dinwiddie raises lackluster $1.3 million in token sale
    The Brooklyn Nets point guard aimed to raise $13 million through a historic sale of tokenized shares in his $34 million NBA contract.
  • Ethereum-based fantasy soccer game Sorare nets $4 million in funding
    Ethereum-based fantasy soccer game Sorare nets $4 million in funding
    Just over one year after launch, leading blockchain game Sorare is profitable and just raised an oversubscribed seed round.
  • Blockchain Verifies the Authenticity of Non-Genuine Nikes
    Blockchain Verifies the Authenticity of Non-Genuine Nikes
    An Australian custom shoemaker is using VeChain to verify the authenticity of its licensed Nike shoes. Blockchain-based traceability platform VeChain will be used to power the issuance of a limited-edition run of licensed Nike Air Max 1 shoes. Announced on June 24, Australian shoemaker Chase Shiel and retailer The Kickz Stand have partnered to produce a limited run of the sneakers — which are also based on Stussy’s ‘SB Dunk’ shoe that was launched in 2005. The shoes will go on sale from June 28 and will be sold exclusively through Chase Shiel’s website. VeChain authenticates custom footwear The Kickz Stand announced the upcoming limited release of the Air Max 1-inspired shoes on June 24, with a tweet emphasizing that the shoes will be traced using VeChain’s ToolChain Suite and Thor Blockchain. The Australian shoemaker first revealed that they were partnering with VeChain in November 2019, tweeting that the traceability platform would be leveraged to prove authenticity and fight counterfeit products. Chase Shiel’s shoes are shipping with VeChain’s tracking chip, which allows customers and retailers to access detailed product information by scanning a QR code. While the decision to work with a licensed shoe manufacturer to ensure the authenticity of non-genuine Nike’s may amuse some, Redditor ‘Nopers5’ believes the blockchain firm is angling to get a call from Nike proper once they spot VeChain’s work with licensees: “This is the best strategy by Vechain.