The scandal surrounding the SBF has taken yet another turn for the worse. According to reports, the counsel representing FTX, Andrew Dietderich, said in the Delaware bankruptcy court that the notoriou...
Tag: Billion
Cryptocurrency Crime Soared to Whopping $20 Billion in 2022
Alex Dovbnya The new Chainalysis report highlights the dark side of crypto New York-based analytics firm Chainalysis revealed on Thursday that the value of illicit cryptocurrency transactions jumped t...
Maine Winner Nabs $1.35 Billion Mega Millions Jackpot—4th Largest Ever—And Here’s What They’ll Take Home
Topline A person in Maine won the massive $1.35 billion Mega Millions jackpot Friday night—the fourth biggest of all time—despite the unlucky day, the Mega Millions announced Saturday morning, althoug...
Illicit Crypto Transactions in 2022 Surpassed $20 Billion for the First Time: Chainalysis
Illegal financial transactions involving cryptocurrencies in 2022 have reportedly surged for a second consecutive year, tapping an all-time high of $20.1 billion. The previous record was in 2021, whe...
Tron Founder Justin Sun Ready To Invest $1 Billion On DCG Assets
Digital Currency Group (DCG), the parent firm of struggling cryptocurrency lender Genesis, is liquidating some of its holdings. Tron founder and Chinese crypto entrepreneur Justin Sun is prepared to i...
$1 Billion Fund to Bet on Abu Dhabi Global Market Web3 Start-ups
Venom foundation is the first blockchain to receive a license by the ADGM which allows the issuance of utility tokens Abu Dhabi-based blockchain platform Venom Foundation and investment manager Iceb...
Big banks set aside $4 billion for a recession. Investors are more optimistic: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox by signing up here. Saturday, January 14, 2022 Today’s newsletter is by Myles Udland, Head of ...
FTX’s $5 billion haul fails to boost price of bankruptcy claims, Xclaim says
When liquidators of collapsed crypto exchange FTX revealed they had located $5 billion in assets this week, one might assume that any bankruptcy claims would jump in price. They barely budged, ...
Justin Sun eyes up to $1 billion spend on DCG assets: Reuters
Tron founder Justin Sun is reportedly considering spending as much as $1 billion on assets of crypto conglomerate Digital Currency Group, which owns troubled crypto lender Genesis among several notabl...
Shiba Inu and Bitcoin Shares the Spotlight in the $980 Billion Stage.
2 hours ago | 3 mins read Bitcoin News Whale transactions worth millions of Stablecoins including BUSD were traced in the past few days Shiba Inu’s new Metaverse project is about to hit the web3 groun...
Justin Sun says he may spend $1 billion on DCG assets
Justin Sun could spend $1 billion of his funds to buy assets belonging to Digital Currency Group, according to a report from Reuters on Jan. 13. Sun told the media company that he could spend that amo...
Venom Foundation Announces $1 Billion Venture Fund to Support Web3 Projects
Vladislav Sopov Venom Foundation together with Iceberg Capital, two UAE-regulated blockchain firms, share details of joint investing initiative Contents $1 billion Venom Ventures Fund goes live in Abu...
Mega Millions jackpot is $1.35 billion. 3 tips for navigating a win
Fatih Aktas | Anadolu Agency | Getty Images There’s a chance a Mega Millions player is on the verge of joining a very short list: winners who snag a jackpot worth more than $1 billion. The grand...
Neom is Saudi Arabia’s $500 billion bet to build a futuristic city
Saudi Arabia is building a futuristic city in the middle of a vast desert— from scratch. A vital element of the country’s Vision 2030 plan, the project is the brainchild of Saudi’s de fact...
What’s happening with Binance’s $2 billion recovery fund?
After the collapse of FTX, Binance enjoyed several weeks of glowing press coverage about its commitment to spend $1 billion on helping the crypto industry. However, it appears that the wallet in quest...
FTX Has Recovered $5 Billion in Cash & Crypto
Adam Landis, FTX’s lead attorney, asserted that the exchange reclaimed over $5 billion worth of assets in cash and crypto. The announcement came amid the FTX bankruptcy hearing on Jan. 11. The figure ...
Digital Currency Group May Offload Assets to Pay $3 Billion Debt
As the crypto market continues to evolve and mature, one of the industry’s major players, Digital Currency Group (DCG), is facing a significant financial crisis. According to sources familiar with the...
Global crypto market cap targets $1 trillion after $20 billion influx in a day
The global cryptocurrency market is currently experiencing buying pressure after weeks of sustained selling. The market’s momentum has been triggered by gains in assets such as Bitcoin (BTC), which is...
Attorneys Claim FTX Recovered $5 Billion in Cash and Cryptocurrencies
2 hours ago | 2 mins read Exchange News The rumored $425 million being held by Bahamian officials is not included in this sum. The FTX scandal was the largest in the history of the cryptocurrency indu...
Mysterious Wallet Holding 1 Billion Shiba Inu Burns 20 Million SHIB
– Advertisement – Massive Shiba Inu Token Burn: 23.68 million SHIB Removed from Circulation in 24 Hours, Led by a Mysterious Wallet A large number of Shiba Inu (SHIB) tokens, over 23.68 mi...
Venom Foundation Announces Landmark $1 Billion Web3 Fund
Layer-1 blockchain Venom Foundation has joined forces with investment manager Iceberg Capital, with the pair announcing a $1 billion venture fund to support promising web3 companies solving real-world...
FTX $5 Billion Windfall Unlikely to Benefit Customers
FTX’s lawyers have reportedly recovered $5 billion, but divested customers could still end up at the back of the queue. According to Adam Landis, an attorney at FTX’s legal counsel Sullivan & Crom...
FTX Locates $5 Billion in Assets, Attorney Says: Report
In a hearing from today, a bankruptcy attorney said that FTX has managed to locate over $5 billion of assets. Per a CoinDesk report, the attorney said that they’ve managed to locate over $5 billion of...
Bankrupt FTX Has Recouped Over $5 Billion In Liquid Assets—But Still Has Billions More To Go To Meet Liabilities
Topline FTX has recovered more than $5 billion in cash, easily sellable digital assets and other liquid holdings thus far, an attorney for the disgraced crypto exchange said in a Delaware bankruptcy c...
Venom Foundation in Partnership With Iceberg Capital Launches $1 Billion Venom Ventures Fund
– Advertisement – Abu Dhabi, Abu Dhabi, 11th January, 2023, Chainwire Venom Foundation, the first Layer-1 blockchain licensed and regulated by the Abu Dhabi Global Market (ADGM), and Icebe...
FTX Lawyers Claim $5 Billion Recovered In “Liquid” Assets
On Wednesday, a counsel for the bankrupt crypto trading venue FTX, founded by Sam Bankman-Fried, stated that the company recovered more than $5 billion. However, the magnitude of consumer losses in it...
FTX recovers more than $5 billion so far
– Advertisement – Crypto exchange FTX has recovered more than $5 billion, but the extent of customer losses in its collapse is still unknown. The collapse of the company has left many inve...
FTX locates $5 billion in cash and liquid crypto, contemplates sale
FTX’s new leadership says it has located $5 billion in cash, liquid cryptocurrency and liquid investment securities, two months after the troubled crypto exchange filed for bankruptcy protection...
UAE-based Venom Foundation launches $1 billion fund for Web3 and blockchain
Venom Foundation, a blockchain layer-1 solution, and Iceberg Capital, an Abu Dhabi Global Market (ADGM) investment management business, have joined forces to create a fund in which they would invest $...
FTX has recovered $5 billion worth of ‘liquid’ assets, lawyers say
John Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives at bankruptcy court in Wilmington, Delaware, US, on Tuesday, Nov. 22, 2022. Eric Lee | Bloomberg | Getty Images FT...
Mega Millions Jackpot Swells To $1.35 Billion For Friday 13th Draw—Here’s The Tax Bill If You Win
Topline No one bagged Tuesday night’s billion-dollar Mega Millions draw, the lottery operator said, sending the jackpot soaring to $1.35 billion for the next draw on Friday the 13th, one of the larges...