French pharmaceutical group Sanofi said Monday that it will buy Provention Bio, Inc., a U.S.-based biopharmaceutical company focused on autoimmune diseases, for $25 per share in cash, in a deal with a...
Tag: Billion
Binance converting $1 billion in BUSD to bitcoin, ether and BNB
Binance CEO Changpeng Zhao announced on Twitter that the foremost crypto exchange would convert the approximately $1 billion remaining from its Industry Recovery Initiative funds to native crypto asse...
How British Taxpayers Have Saved Movie Studios $5.8 Billion
The Oscars take place tonight (Photo by Kristian Dowling/Getty Images) Getty Images Grateful winners at tonight’s Academy Awards are once again battling the clock to thank as many people as poss...
A $13 Billion Plunge in Bond Sales Hints at Pain for EM Credit
(Bloomberg) — The pipeline of company debt from emerging markets is running dry as major central banks continue to raise borrowing costs and investors grow increasingly wary after a series of hi...
Circle May Be Able To Recover All $3.3 Billion Stuck At Silicon Valley Bank
– Advertisement – Circle CEO Jeremy Allaire has stated that USDC will be supported through external capital if necessary. The Circle executive revealed that the company had initiated a tr...
Stablecoin USDC falls below $1, faces $3.3 billion exposure to Silicon Valley Bank
USDC, a stablecoin that is supposed to trade one-to-one against U.S. dollars, has fallen below $1 on Saturday, after creator Circle said it had over $3.3 billion held at Silicon Valley Bank, which col...
$22 Trillion in US Banking System Backed by Just $225 Billion at FDIC: Bitcoin Proponent Gabor Gurbacs
A strategy advisor at Vaneck/MVIS is highlighting the disparity between the money held at the Federal Deposit Insurance Corporation (FDIC) and the amount of money sitting in the US banking system. In ...
Circle reveals $3.3 billion in USDC reserves remain at insolvent Silicon Valley Bank – Cryptopolitan
Concerns are rising within the cryptocurrency industry following the revelation that $3.3 billion of the approximately $40 billion in USDC reserves remain at Silicon Valley Bank (SVB). This news comes...
542 Billion Shiba Inu Grabbed by Whale This Week as SHIB Begins Recovering, Zero ‘Burned’ Again
Yuri Molchan This top whale continues to buy massive chunks of SHIB this week — hundreds of billions of meme coins Contents 215.8 billion SHIB bought by this whale SHIB price rises as 490 million toke...
Circle Unable to Withdraw $3.3 Billion from SVB, Causing USDC Sell-Off
Circle is a Boston-based fintech company that provides payments and investment services using blockchain technology. USDC is a stablecoin issued by Circle and Coinbase, pegged to the value of the US d...
Global AUM of crypto ETPs rose to $28 billion in February: Fineqia
The cryptocurrency market is seeing yet another rough patch as prices fall amid negative sentiment around collapsed crypto-friendly banks Silvergate Bank and Silicon Valley Bank. But the declines bein...
USDC Issuer Circle Reveals It Couldn’t Withdraw $3.3 Billion From Silicon Valley Bank
Stablecoin issuer Circle disclosed late Friday that around $3.3 billion of its $40 billion USDC reserves remained at Silicon Valley Bank. This comes after the high-tech lender’s share price dropped pr...
USDC Tumbles to $0.93 as Circle Reveals $3.3 Billion Held at SVB, Tether and Binance Not Exposed
Following the second-largest bank collapse in American history on Friday, market participants are worried about which firms might be caught up in the contagion surrounding Silicon Valley Bank (SVB). ...
SVB Depositors, Investors Tried to Pull $42 Billion Thursday
(Bloomberg) — Investors and depositors tried to pull $42 billion from Silicon Valley Bank on Thursday in one of the biggest US bank runs in more than a decade, according to a Friday regulatory f...
Circle says $3.3 billion of USDC reserves are with Silicon Valley Bank
Circle, the crypto payments firm behind stablecoin USDC, confirmed late Friday evening that $3.3 billion of the cash backing its coin remain with Silicon Valley Bank. Circle, which had early tw...
SVB collapse highlights $620 billion hole lurking in banks’ balance sheets
Martin Gruenberg could not have picked a more prescient time to flag risks in the U.S. banking industry. On Monday, the chairman of the Federal Deposit Insurance Corporation (FDIC)—the agency that bac...
Vitalik Buterin-Labeled Address Sold More Than 9 Billion Altcoins
Vitalik Buterin, who created the second most-traded cryptocurrency by market cap— Ethereum (ETH), sold 9.9 billion CULT tokens. CULT is the native token of CultDAO. According to a blockchain analyst— ...
Silicon Valley Bank Faces Financial Woes as Stock Is Halted, Sells $21 Billion Bond Portfolio at a $1.8 Billion Loss – Bitcoin News
On March 10, 2023, market observers are discussing the troubles Silicon Valley Bank (SVB) faces, as the firm’s stock slid more than 60% in the last 24 hours. SVB was forced to sell a $21 billion bond ...
How NIL Diversity Is Driving The Market Up To $1.1 Billion
MOGL name, image and likeness marketplace MOGL We are beginning to see brands make more extensive investments in college athletes, initiated by their ability to enter into name, image, and likeness (N...
Crypto market massacre sees $78 billion in outflows: CryptoSlate Daily wMarket Update
Ad The cryptocurrency market cap saw net outflows of $77.63 billion over the last 24 hours and currently stands at $917.63 billion — down 7.8% from $995.26 billion. Over the reporting period, Bitcoin ...
825 Billion SHIB Dumped by Voyager via Top Exchanges as Shiba Inu Adds Zero
Yuri Molchan Failed crypto broker keeps selling assets, including popular meme coin SHIB, which keeps dropping lower Contents 825 billion SHIB injected onto market SHIB price plunges nearly 10% Bankru...
Crypto Market Loses $60 Billion; Bitcoin Crash Under $20K; What’s Happening?
Crypto Crash News: The global digital asset market registered a broad sell-off on Friday as fear rises around the future of United States based crypto friendly banks. The cumulative crypto market cap ...
Huobi Token Flash Crashes as Crypto Markets Dump $70 Billion
The Huobi exchange token HT flash crashed a few hours ago but has since made a quick recovery. However, company advisor Justin Sun brushed it off as ‘market behavior.’ There have been some strange hap...
Biden’s new budget cuts $31 billion in tax breaks for oil companies
President Biden’s 2024 budget released Thursday includes yet another broadside from the White House against oil companies. The budget proposal — which Republicans have said is going nowhere on Capitol...
MakerDAO Proposes to Increase Treasury Bond to $1.25 Billion
Decentralized finance (DeFi) protocol and issuer of the DAI stablecoin MakerDAO has proposed to deploy another round of funds to invest in the United States Treasuries to enable it to take advantage o...
Biden budget proposes closing crypto loophole to raise $24 billion in new revenue
Tucked within President Biden’s budget is a proposal to change the tax treatment of cryptocurrency transactions that would eliminate investors’ ability to take advantage of losses to lower...
President Biden’s Budget Blueprint Will Propose Changing the Tax Treatment of Cryptocurrency Transactions, Raising $24 Billion
The proposed Biden budget plan would close the current harvesting loophole on crypto tax losses, reducing wash sales trading. According to reports, US President Joe Biden’s new budget plan could close...
Biden’s proposed NASA budget for 2024 increases funds to $27.2 billion
Vice President Kamala Harris meets with NASA astronauts Shannon Walker and Joe Acaba at Kennedy Space Center in Florida during a tour on Aug. 29, 2022. Bill Ingalls / NASA President Joe Biden is seeki...
GM stock slips after disclosing ‘voluntary separation program’ resulting in $1.5 billion employee separation charges
Shares of General Motors Co. GM, -1.63% slipped 0.1% in premarket trading Thursday, after the automaker announced a voluntary separation program (VSP) that is expected to lead to an employee separatio...