As major crypto companies bleed cash through the bear market, stablecoins such as tether (USDT) have apparently emerged as incredibly profitable. Tether, issuer of the largest stablecoin by circulatin...
Tag: 700M
USDT Issuer Clears Unsecured Debt and Profits by $700M in Q4 2022
Tether announced a $700 million profit in the last quarter of 2022. A top-ranking global accounting firm attested to the accuracy of Tether’s reserve. During the 2022 chaotic events, Tether processed...
Tether Reports $700M in Profits Despite ‘Tumultuous End to 2022’: CTO
Tether, the issuer behind the industry’s largest stablecoin USDT, continues to hold enough reserves to back the token despite processing $21 billion in redemptions last year, according to its latest a...
Top 100 ETH Whales Now Hold Above $700M Worth of Shiba Inu
Shiba Inu Reaches New Heights with Rapid Growth in User Base and Holdings by Top ETH Whales. The biggest ETH Whales are becoming increasingly interested in Shiba Inu due to its promising developments ...
SBF sells his Washington house as feds seize $700m
Sam Bankman-Fried is in deep financial trouble after the most recent Fed raid. According to reports, United States Federal authorities have taken almost $700 million from the FTX ex-CEO, mainly from h...
US Regulator Seize $700M Worth of Assets Linked to FTX and SBF
A majority part of the seized assets include 55.3 million shares of Robinhood with its current worth of around $526 million. Last week, prosecutors from the United States seized a staggering $700 mill...
SBF to forfeit $700M worth of assets if found guilty of fraud
According to new court filings, disgraced FTX founder Sam Bankman-Fried (SBF) will be subject to the forfeiture of roughly $700 million worth of assets if he were to be found guilty of fraud. In a cou...
Elon Musk & Billy Markus Criticize SBF Following $700M Seizure
In the early hours today, the US Federal prosecutors seized nearly $700 million in cash and assets which are in connection with FTX founder Sam Bankman-Fried. As per the reports most of these assets w...
Nearly $700M Worth of Assets Linked to Sam Bankman-Fried, FTX Seized by US
United States prosecutors have seized nearly $700 million worth of assets either owned by collapsed crypto exchange FTX or tied to founder and former CEO Sam Bankman-Fried, authorities disclosed in a ...
US Feds Confiscate Nearly $700M of Sam Bankman-Fried’s Assets: Report
The United States Federal prosecutors have confiscated nearly $700 million in cash and assets connected to Sam Bankman-Fried, the disgraced founder of FTX. At the heart of the seizure are the 55 milli...
FTX Founder SBF Could Forfeit Around $700M to U.S. Govt.
FTX’s disgraced founder Sam Bankman-Fried (SBF) could forfeit as much as $700 million worth of assets to the United States government, according to new court documents filed on January 20. The Jan. 20...
Sam Bankman-Fried’s $700M Worth Assets Seized by U.S Fed
2 hours ago | 2 mins read Editors News The crypto exchange bought assets under FTX Digital Markets name in US currency. FTX held stock in three accounts at rival cryptocurrency exchange Binance. U.S F...
US Regulators Strike Down Bitzlato for a $700M Crypto Crime
$700 million worth of cryptos moved via Bitzlato were linked to illicit trades. Bitzlato is a not-so-famous exchange with just 1.5k Twitter followers. Hong Kong-origin crypto exchange Bitzlato is shut...
Nevada lithium mine gets conditional $700M government loan
RENO, Nev. (AP) — The U.S. Department of Energy announced a conditional loan of $700 million Friday to an Australian mining company to pursue a lithium project still facing environmental hurdles in Ne...
$700m liquidated as Bitcoin touches $21k amid weekend pump
Bitcoin briefly surpassed $21,000 on Jan. 13 for the first time since the FTX saga started in early November. After a slight retracement early on Saturday morning, BTC is priced at $20,800 as of press...
Ethereum price forecast after sharks and whales add almost $700M in ETH
Ethereum (ETH/USD) whales and sharks have begun adding ETh, where 561,000 $ETH, worth nearly $700 million, went into the addresses. Binance.US also removed the trading fees of four Ethereum spot marke...
FTX Fallout Wipes Out $700M From Solana DeFi
“Solana has undoubtedly taken a massive blow, and the consequences of this blow seem far more dramatic and painful than for other blockchains,” Alexei Kulevets, co-founder of Walken told CoinDesk in a...
$700M In Long Gets Liquidated As The Crypto Market Tumbles
Crypto Live News The global crypto market cap which was trading above $1 trillion has now dropped around $800 billion due to FTX’s liquidity issues. Around $700 million in long or the one who had bet ...
EOS Network and South Korea’s Busan establish VC alliance with $700M AUM
EOS Network Foundation, the non-profit helping to develop the decentralised blockchain network EOS (EOS/USD), and Busan Metropolitan City, have announced a memorandum of understanding (MoU) to boost c...
Total Value Locked (TVL) on Ethereum Layer-2 Optimism Surpasses $700M
Optimism, an Ethereum-based layer-2 scaling solution has just attained a milestone, crossing $700 million in its total value locked (TVL) and seeing a new all-time-high (ATH) in its native token, OP. ...
TRON DAO Reserve Receives 700M USDC to Defend USDT Peg
5 hours ago | 2 mins read Altcoin News During Monday’s turmoil, the USDD stablecoin dropped slightly to $0.977 per unit. Tron DAO Reserve had to deploy money to protect the $1 parity. In light of Terr...
USDD stablecoin falls to $0.97, DAO inserts $700M to defend the peg
While the market has not yet fully recovered from the onslaught caused by the TerraUSD (UST) depeg, another stablecoin project shows signs of distress, causing fears and speculation within the communi...
Just In: TRON’s USDD Stablecoin Has Just Lost Its USD Peg, TRON DAO Injects $700M To Recover
– Advertisement – USDD has experienced a slight de-peg but TronDAO reserve will deploy $2 billion to support a re-peg. The crypto market is opening the week on a bad footing. The markets...
Republic Capital to Raise $700m for Two Crypto-focused Funds
Investment platform Republic is raising $700 million for two cryptocurrency-focused funds, as reported by online media outlet Axios. The funds include a $200 million flagship venture fund and a $500 m...
More than $700M worth of crypto liquidated during the past 24 hours
The cryptocurrency market has witnessed a massive price dip, as massive amounts of money have been liquidated from the market in a short period. The volatility across the market stems from Bitcoin’s p...
XRP ‘mega whales’ scoop up over $700M in second-biggest accumulation spree in history
Ripple (XRP) addresses that hold at least 10 million native units have returned to accumulating more in the past three months, a similar scenario that preceded a big rally for the XRP/USD and XRP/BTC ...
Bitcoin Plummets to $38K Leaving Over $700M in Liquidationsths
Things took a turn for the worse in the past few hours as Bitcoin’s price reversed and dropped to a 6-month low at $38,200 (on Binance). This also left over $700 million worth of liquidations in the p...