FTX owes its customers $1.6B BTC with only $1M available. The bankrupt firm has $5.5 billion in liquid assets and over $11.5 billion in liabilities. Last week, Alameda Research sued one of its credito...
Tag: 1.6B
Fox’s Rupert Murdoch to be deposed in Dominion Voting’s $1.6B lawsuit
Rupert Murdoch, chairman of News Corp and co-chairman of 21st Century Fox, arrives at the Sun Valley Resort of the annual Allen & Company Sun Valley Conference, July 10, 2018 in Sun Valley, Idaho....
FTX bankruptcy court filing reveals Alameda gave $1.6B in loans to SBF, others
A Nov. 17 court filing from new FTX CEO officer John Ray III revealed that the former CEO of the bankrupt crypto exchange Sam Bankman-Fried got $1 billion in personal loans from Alameda Research. The ...
‘There Is No Second Best’: Microstrategy Would Be Up $1.6B If It Invested in Ethereum
American software firm Microstrategy would be up $1.6 billion if it had invested in Ethereum, not Bitcoin, according to a new tool from BlockChain Center.net. Under the leadership of Bitcoin maximalis...
Coinbase to Custody MakerDAO’s USDC Funds Worth $1.6B
The USDC is a third of the treasury supporting Maker’s Peg Stability Module. The DAO will receive up to 1.5% rewards on the assets. After being presented by Coinbase Institutional on September 6, the ...
Coinbase to custody up to $1.6B USDC for MakerDAO
The MakerDAO community has approved a proposal by Coinbase to custody up to $1.6 billion USDC with the Prime reward program. Earlier on Sept. 6, Coinbase submitted a governance proposal seeking to onb...
MakerDAO MKR Votes on $1.6B USDC Coinbase Deposit
MakerDAO (MKR) is planning to deposit $1.6 billion in USDC on Coinbase Prime to earn a yield of 1.5% per year. A poll on the proposal is three days away from closing. The decision could set the DeFi p...
Coinbase to Significantly Benefit From $1.6B Transfer of MakerDAO’s USDC, Analyst Says
Lau wrote that the added USDC on Coinbase Prime would help the company gain assets and aid Coinbase’s ability to conduct similar proposals, while also potentially growing the total addressable market ...
Uniswap Labs Valued at $1.6B After $165M Funding Round
“It has grown and evolved in ways I never imagined,” Uniswap founder Hayden Adams said Uniswap Labs will be using its latest Series B raise to expand its product offerings and become financially susta...
Coinbase Looking To Acquire $1.6B of MakerDAO’s USDC
Coinbase earns interest from USDC, which makes up 35% of Maker’s collateral Maker would earn up to $24 million in revenue from the investment The very-centralized crypto exchange Coinbase has proposed...
Shibaswap Volume Crashes More Than $1.6B in Yearly Low
Shibaswap saw a steep fall in trading volume in July due to a decline in the liquidity poured into alternate coins (altcoins) listed on the platform. Shibaswap tested a new low in July despite severa...
Investors Convert $1.6B Worth Of USDC To USDT Amid US Regulatory Sanctions – crypto.news
According to reports, crypto investors have converted their USDC stablecoin worth over $1.6 billion to another stablecoin, USDT. This is due to the ripple effect of the latest US sanction on Tornado C...
Investors Dump $1.6B in USDC for USDT
Financial backers moved billions of dollars from USDC to USDT, as U.S. controllers clipped down on crypto firms Around $1 billion was moved after the prohibition on Tornado Cash Spectators say the cry...
Investors Dump $1.6B in USDC for USDT Amid Regulatory Clampdown
Investors moved around $1.6 billion from USDC to rival stablecoin USDT over the past month as regulators in the U.S. clamped down on cryptocurrency companies. A significant sum switched over to USDT a...
El Salvador’s President Announces Plans to Repurchase $1.6B Bonds
2 hours ago | 2 mins read Bitcoin News The IMF pleaded with El Salvador to outlaw the use of Bitcoins as legal tender. On Twitter, Bukele declared he was presenting two legislation to the National A...
El Salvador seeks to buy back $1.6B of debt to quell default fears
Amid falling Bitcoin (BTC) prices and rising fears of El Salvador defaulting on its debt, the Central American country is attempting to buy back $1.6 billion of its sovereign bonds. El Salvador Presid...
El Salvador to buy back $1.6B bonds following Bukele`s bad investments
El Salvador has been caught in the icy grip of cryptocurrency winter. In September, El Salvador officially recognized bitcoin as a legal currency. The initiative, launched by President Nayib Bukele, e...
NFT Trading Platform Magic Eden Raises $130m at $1.6B Valuation
Non-Fungible Token (NFT) marketplace Magic Eden has raised a new $130 million in a Series B funding round, increasing its valuation to $1.6 billion. The platform, recognized as the biggest on the Sola...
Solana NFT marketplace Magic Eden closes $130M Series B round at $1.6B valuation
On Tuesday, Magic Eden, a popular nonfungible tokens (NFTs) platform on the Solana (SOL) blockchain with 112,927 SOL ($4 million) in 24-hour trading volume, announced that it had closed a Series B rou...
Solana NFT Marketplace Magic Eden Raises $130M at $1.6B Valuation
“We know that NFTs are the best way to bring people onto the blockchain,” Jack Lu, CEO of Magic Eden, said in a statement. “NFTs are exciting, social and cultural experiences that bring connectivity t...