Africa’s fintech startups are reported to have raised $2 billion in the past year alone. This amount dwarfs the $231 million that was raised in the year 2020. Nigerian startups continue to account for...
Tag: Billion
Three Of China’s Richest Lose More Than $16 Billion In One Day As Stock Rout Hits Hong Kong-Listed Companies
Tencent cofounder Pony Ma Huateng (Photo by Visual China Group via Getty Images/Visual China Group … [+] via Getty Images) Visual China Group via Getty Images The heavy selloff in Hong Kong stoc...
Indonesian Tech Giant GoTo Eyes $1.25 Billion IPO At $29 Billion Valuation
Andre Soelistyo poses for a photograph on the sidelines of the Bloomberg Sooner Than You Think … [+] technology event in Singapore, on September 5, 2019. Paul Miller/Bloomberg GoTo Group is movi...
China’s Richest Drop $53 Billion in a Day as Stocks Plunge
(Bloomberg) — China’s stock rout cost the nation’s richest tycoons more than $53 billion on Monday. Most Read from Bloomberg Zhong Shanshan, known as China’s king of bottled water, led the plung...
Rusal investors lose US$6 billion in Hong Kong stock sell-off while aluminium producer deflects all sanctions
The plunge in United Company Rusal, the only Russian company listed in Hong Kong, has erased US$6 billion of value from the world’s largest aluminium producer outside China while the Ukraine con...
Putin allows Russian airlines to fly $10 billion worth of foreign-owned planes
Aeroflot Russian Airlines civil jet aircraft produced by Airbus at Moscow-Sheremetyevo International Airport. Leonid Faerberg | Lightrocket | Getty Images Foreign aircraft lessors seeking to recover s...
Crypto startup Gauntlet raises $23.8 million at $1 billion valuation
advertisement Crypto startup Gauntlet has raised $23.8 million in a new funding round led by Ribbit Capital. VC firms Polychain and Paradigm also participated in the round. Bloomberg first reported th...
Bitcoin City of El Salvador $1 Billion Bond Sale to Start by 20 March
El Salvador $1 billion Bitcoin bond may be issued between 14 – 20 March. The 10-year bond will offer +6.5% per annum for 10 years (approximately +$1.65 billion). $500 million will be used to buy...
Terra (LUNA) Capitalization Increases by $3 Billion in Last 24 Hours
Arman Shirinyan Capitalization of one of the biggest Ethereum competitors reached $34 billion in the last 24 hours The capitalization of Terra (LUNA) cryptocurrency has recently increased by approxima...
50 Billion SHIB Grabbed by This Top SHIB Whale, He Now Owns 4 Trillion Tokens: Etherscan
Yuri Molchan This Shiba Inu whale has purchased a massive amount of SHIB, extending his bet on this meme token to over 4.4 trillion SHIB WhaleStats crypto tracker has reported that slightly over two h...
China E-Commerce Giant JD To Acquire Courier Company Deppon For $1.4 Billion
The JD.com Logistics booth attracts visitors at the China International Fair for Trade in Services … [+] 2021 National Convention Center on September 5, 2021 in Beijing, China. Du Jianpo/Costfot...
A $37 Billion U.S. Bond Fund Emerges as a Big Loser From Russia
(Bloomberg) — As Wall Street starts to tally the market damage triggered by Russia’s invasion of Ukraine, a big bond fund run by Franklin Resources Inc. is emerging as an early loser. Most Read ...
Waves Protocol Surpasses $2 Billion in Total Value Locked (TVL)
Despite the fall in total value locked in decentralized finance (DeFi), Waves Protocol continues to see an increment in TVL since Jan. 1, 2022. Waves have been an integral part of the decentralized fi...
Philippines’ Ayala Corp. Boosting Spending To $5.4 Billion In 2022 As Earnings Rebound
Fernando Zobel de Ayala (R), president and CEO of Ayala Corp, gestures during an interview with AFP … [+] as his brother Jaime Augusto Zobel de Ayala II (L), looks on at the corporate headquarte...
How P2E Games Could End Poverty for a Billion People
Unbanked people are within the reach of financial traction via Play-to-Earn (P2E) games. This is according to Clayton Roche and Eric Anderson, Community Managers at UMA. Could Axie Infinity help to br...
The Market Capitalization Of NFT Is Expected To Reach $26 Billion At This Same Conclusion Of The Year
According to a survey conducted in 2021, just 10% of Japan’s adult population is currently aware of NFTs. The adoption rate of NFTs in the United States will double to 6% by the end of 2022. The...
How Collectibles Brand Funko Became A $1 Billion Pop Culture Powerhouse
Funko has grown from a little-know collectibles company to a pop culture power player, and it topped … [+] $1 billion in revenue in 2021. Future Publishing via Getty Images Back in January, 2017...
Mexican Drug Cartels Sneak In $25 Billion A Year Using Bitcoin To Fund Operations
It’s unsurprising that Bitcoin and other cryptocurrencies have found their way into the dangerous realm of drug cartels. According to law enforcement officials, cryptocurrency is developing as a new f...
Ripple Reveals Huge Plans For The $40 Billion NFT Market On The XRP Ledger ⋆ ZyCrypto
Advertisement     Ripple is set to strengthen the Non-Fungible Token (NFT) support of the XRP ledger. The RippleX team, in charge of the development of the XRP ledger,...
DraftKings, A $23 Billion Sports Gambling Business, Serves As A Networking Verifier For Polygon
Polygon is putting a lot of money on nil cryptography, which would be widely regarded as the best method for growing blockchains. In the Zero-Knowledge Thesis, published in August, the core developmen...
Terraform Labs Supports The Luna Foundation With $1.1 Billion
Terraform Labs, the developer of blockchain ecosystems TerraUSD stablecoin (UST) and Terra Luna (LUNA), have donated $1.1 billion worth of LUNA to the Luna foundation guard. Founder and Chief Executiv...
Berkshire Hathaway Bought Back About $2 Billion of Stock This Year
Text size Warren Buffett. Johannes Eisele/AFP/Getty Images Berkshire Hathaway bought back about $2 billion of stock in the first quarter through early March, Barron’s estimates. Our estimate is based ...
NFT Sales Volume Reaches The Skies In 2021, Surpassed $17 Billion
As per the reports, the NFT sector witnessed a surge in its sales in 2021. It grew by 21,000%, in contrast to 2020, when trade volume remained $82 Million. Metaverse played a vital role in this growth...
Hedge Funds Walk Away From LME After $3.9 Billion Trades Torn Up
(Bloomberg) — Fund manager Luke Sadrian has been trading metals for thirty years, at hedge fund titans Brevan Howard and Moore Capital to now running his own shop. For the first time in his care...
BlackRock funds just lost $17 billion due to Russian exposure. That’s just the tip of the iceberg, as Western banks are owed $121 billion by Russian entities
BlackRock funds have taken a $17 billion loss as a result of its Russian exposure since Putin’s invasion of Ukraine began in late February—and it’s not the only Western bank or asset manager set to ta...
NFT Trading Amounts To Nearly $18 Billion Last Year, Study Shows
Non-fungible tokens were one of the hottest topics in 2021, and a new study from industry tracker NonFungible.com demonstrates how NFT traders capitalized on the trend. According to the analysts, the ...
Report: NFT trades top $17 billion in 2021
Everyone knows that the Non-fungible token space was one of the best performing crypto niches last year, a new report from Nonfungible, an NFT data company reveals the extent of the growth. NFTs rise ...
Applied Materials stock surges after setting new $6 billion repurchase program, increasing dividend
Shares of Applied Materials Inc. AMAT, -1.06% surged 3.6% in premarket trading Friday, after the semiconductor-equipment maker nearly doubled its repurchase authorization and boosted its dividend by 8...
A Billion Dollars a Day, Foreigners Keep Selling India Stocks
(Bloomberg) — India’s $3.2 trillion stock market is witnessing an unprecedented foreign selloff as the surge in oil prices fuels worries of an inflation shock in the major energy-importing natio...
Rivian’s lack of history is hurting its chances with chipmakers—leaving Amazon facing a $10 billion hit
Electric vehicle startup Rivian is losing out to rivals in an ongoing battle to secure microchips, posing potentially massive losses for large shareholder Amazon. Little over a week into the month, Ri...
Over $1 Billion In BTC Moved Out Of Coinbase As Bitcoin Readies To Mount Bullish Offensive ⋆ ZyCrypto
Advertisement     Friday, March 11, Whale Alert, a resource that tracks huge crypto transactions reported the transfer of 29,611 BTC ($1,166.128,557.60) off of Coinbas...