The cryptocurrency firm FTX has announced the launch of a $2 billion venture capital fund called FTX Ventures. The fund’s focus will be on advancing blockchain and Web3 technology alongside investment...
Tag: Billion
Chinese Law Enforcement Agency Have Reportedly Seized $1.7 Billion Worth of Crypto
Reports emerged indicating that the Chinese officials are keeping a close eye on cryptocurrency activities and are applying innovative strategies to tackle virtual currency money laundering. “An Impor...
Crypto data firm Lukka hits $1.3 billion valuation with new funding round
advertisement Lukka, a crypto firm that provides data services and enterprise software tools, has raised $110 million in a Series E funding round and is now valued at $1.3 billion. Global asset manage...
FTX Launches $2 Billion VC Fund to Invest in Crypto Startups
On January 14, FTX, a popular Bahamian-based cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a ...
FTX Launches $2 Billion Web3 Venture Fund Led by Lightspeed’s Amy Wu
In brief FTX will launch a $2 billion Web3 venture capital fund led by Amy Wu, formerly of Lightspeed. Wu will also run the crypto exchange’s video game business as it aims to work with major game pub...
Billionaire Bankman-Fried’s FTX Launches $2 Billion Crypto Fund Amid Venture’s Massive Deal Boom
Topline Fresh off a record year for crypto funding deals, FTX Trading, one of the world’s busiest cryptocurrency exchanges, announced on Friday it has launched a $2 billion crypto-focused ventur...
FTX Rolls Out $2 Billion Venture Fund
The US exchange aims to allocate funds from $100,000 to hundreds of millions of dollars in certain blockchain and crypto projects through the new initiative called FTX Ventures. The Wall Street Journa...
Ford just hit a $100 billion market cap — why its stock may crash 52%
The wins keep piling up for Ford (F). Impressive orders for the new electric F-150. Ford scion Bill Ford buying a slug of stock in a show of confidence. This week the auto giant’s market cap bu...
FTX launches $2 billion venture fund, hires Lightspeed exec to lead
Sam Bankman-Fried’s FTX has launched a new venture capital unit, adding billions of dollars in fresh capital to the already bloated private market for crypto investing. FTX — which has long mad...
Indian Billionaire Mukesh Ambani’s Reliance Industries To Invest $80 Billion In Renewable Energy Push
Chairman of India’s Reliance Industries Mukesh Ambani. PUNIT PARANJPE/AFP via Getty Images Reliance Industries, a conglomerate controlled by Asia’s richest businessman, Mukesh Ambani, has signed...
Singapore Tycoon Wee Cho Yaw’s UOB To Buy Citi’s Southeast Asia Consumer Business For $3.6 Billion
Wee Ee Cheong, chief executive officer of United Overseas Bank Ltd. (UOB), holds a news conference … [+] in Singapore, on February 22, 2019. Ore Huiying/Bloomberg United Overseas Bank—controlled...
Ford Blows Past $100 Billion Market Valuation As Shares Surge Thanks To Hot Electric Vehicle Plans
Topline Shares of Ford continued to move higher on Thursday—with the legacy automaker’s market value surpassing $100 billion for the first time ever—as more Wall Street analysts bet on the company suc...
Student-Loan Processor Navient to Cancel $1.7 Billion of Debts
One of the nation’s largest student-loan processors will cancel the debt of 66,000 borrowers, totaling $1.7 billion, in an agreement with 40 state attorneys general. The agreements resolve all six out...
TPG Stock Lands $10 Billion Valuation In 2022’s First Big IPO—Here’s How That Stacks Up Against PE Giants Blackstone, KKR
Topline Shares of investing powerhouse TPG jumped 12% within minutes of their public-market trading debut on Thursday, kicking off what’s expected to be a massive year for initial public offerin...
Costco Will Spend $4 Billion In 2022
Flush with cash and little debt, Costco plans on opening 28 new warehouse stores in 2022. Getty Images Costco continues to be on a roll, and like its select, best-in-category competitors, weathered th...
Ford’s market cap tops $100 billion for first time ever
Ford Motor Co. CEO Jim Farley walks to speak at a news conference at the Rouge Complex in Dearborn, Michigan, September 17, 2020. Rebecca Cook | Reuters DETROIT – Ford Motor’s market value toppe...
Ford Market Cap Tops $100 Billion for First Time on EV Surge
(Bloomberg) — Ford Motor Co.’s market value topped $100 billion for the first time as investors bet on the 118-year-old automaker’s prospects in the dawning electric age. Most Read from Bloomber...
Blackstone Raises Bid For Australian Billionaire James Packer’s Crown Resorts To $6.5 Billion
The Crown Resorts Ltd.’s logo outside the company’s casino and entertainment complex in Melbourne, … [+] Australia, on Thursday, Oct. 14, 2021. Photographer: James Bugg/Bloomberg © 2...
$6 Billion Dollar Asset Backed Security Token DiGau Started Trading On CryptoSX Today
MANILA, PHILIPPINES / ACCESSWIRE / January 11, 2022 / CryptoSX Digital Asset Exchange proudly announces the debut trading of the world’s largest STO, Dignity Corp. native token, DIGau on CryptoSX toda...
Checkout.com’s valuation hits $40 billion with $1 billion raise
advertisement Payment processor Checkout.com said on Wednesday its valuation had hit $40 billion following the completion of a $1 billion Series D funding round. The raise secures its place as one of...
Inflation fuels holiday online sales to record $204 billion: Adobe
A worker moves boxes of goods to be scanned and sent to delivery trucks during operations on Cyber Monday at Amazon’s fulfillment center in Robbinsville, New Jersey, November 29, 2021. Mike Sega...
Investors Seek Criminal Charges After $3.6B Billion Bitcoin Theft in South Africa
Raees and Ameer Cajee, the brothers behind crypto platform Africrypt, have not been seen since the two allegedly made off with $3.6 billion in Bitcoin last summer. And amid the recent dip in markets, ...
Opinion: Citadel’s $1.15 billion cash infusion isn’t a bailout but the final test of Ken Griffin’s ‘Death Star’
When you add more than a billion dollars’ worth of liquidity to a market maker that already executed more than one of every four trades in the U.S. markets on a daily basis, while simultaneously givin...
Binance’s CZ has poker to thank for $96 billion Bitcoin fortune
Binance CEO Changpeng ‘CZ’ Zhao originally bought into Bitcoin after being convinced during a poker home game in 2013. The 44-year-old found out about Bitcoin during a three-handed game of poker with ...
December crypto VC roundup: Gaming and DeFi kept trending, but NYDIG’s $1 billion stole the show
Quick Take Last year closed with another blockbuster month for VC funding, with NYDIG raising $1 billion in December. December added for more mega-deals worth more than $100 million, bringing the year...
Citadel Securities raises $1.15 billion from Sequoia Capital and Paradigm
Stock trading giant Citadel Securities announced Tuesday that it has raised $1.15 billion in a funding round backed by Sequoia Capital and crypto VC firm Paradigm. This is Citadel Securities’ fi...
Weather disasters cost $145 billion last year in the U.S., says NOAA
Alonzo Lewis rescues items from his mother’s home after it was destroyed by Hurricane Ida on August 30, 2021 in Laplace, Louisiana. Ida made landfall August 29 as a category 4 storm southwest of...
Citadel Securities just raised $1.15 billion: detailed here
Citadel Securities received its first outside investment that valued it at nearly $22 billion, said the Wall Street Journal on Tuesday. Citadel Securities raised $1.15 billion Venture capital companie...
Gamingshiba the Next Billion Dollar Token
The growth of the crypto market is providing ordinary investors with exponential returns and more unique opportunities to grow their wealth. SAFEMOON, SHIBA and SAITAMA are one of the most successful ...
OpenSea records over $2 billion in trading volumes thanks to this NFT collection
The first NFT marketplace to be established on the Ethereum blockchain, OpenSea’s trading volume has shot up in the past year. Well, alongside the boom in non-fungible tokens (NFTs). In August, for ex...
Billionaire Ken Griffin’s Citadel Securities Valued At $22 Billion After $1.2 Billion Investment From Sequoia, Crypto VC Paradigm
Topline Citadel Securities, the market-maker founded by billionaire hedge fund investor Ken Griffin, announced its first round of private funding ever on Tuesday, taking in nearly $1.2 billion in vent...