The entire crypto market bled with multiple losses and asset devaluation after the collapse of Sam Bankman-Fried’s crypto exchange FTX. In addition, crypto firms exposed to FTX got a fair share of the...
Tag: Billion
FTX’s venture arm Alameda invested over a billion in Bitcoin [BTC] mining firm
Alameda reportedly invested over a billion dollars in the Bitcoin mining firm – Genesis Digital The first recorded investment was in August last year, while the last was in April 2022 FTX and Alameda ...
Microsoft Is Ready to Fight For Its $69 Billion Activision Deal
(Bloomberg) — Microsoft Corp. is ready to fight for its $69 billion acquisition of gaming company Activision Blizzard Inc. if the US Federal Trade Commission files a lawsuit seeking to block the...
Alameda Covered a $1 Billion Loss for FTX in 2021 (Report)
FTX’s sister trading desk, Alameda Research, bailed out the exchange before it suffered a possible $1 billion trade loss in early 2021. This news comes amid claims from former FTX CEO Sam Bankman-Fri...
GBTC’s near $11 billion assets under management pose a risk in the bear market: UBS
Your size is not Grayscale’s size Grayscale’s size can be extremely problematic in a bear market, Kachkovski said. Any sale would widen the GBTC discount further but not necessarily affec...
Crypto criminals set to launder $10 billion by 2025, new report suggests
As the increasingly popular yet largely unregulated cryptocurrency industry expands, it attracts a growing number of dishonest and malicious participants for whom the budding blockchain technology has...
Dogecoin records inflows of $5 billion in 5 weeks as DOGE trading volume skyrockets
Adoption-related growth helped Dogecoin (DOGE) in 2022, but the cryptocurrency’s price hasn’t matched its 2021 peaks. Nevertheless, data acquired by Finbold has shown that the meme coin has seen an in...
Binance Burns 6.39 Billion LUNC Tokens in Monthly Burn Cycle
10 seconds ago | 2 mins read Altcoin News There was a fee associated with the deal that totaled 12.77 million LUNC. In October, Binance burned 13.712 billion LUNC tokens. Binance, the biggest cryptocu...
Ripple Withdraws 1 Billion XRP from Escrow, Helping Whales Shift 133 Million XRP
Yuri Molchan Ripple crypto behemoth has again unlocked gigantic amount of XRP, while whales moved much smaller one Contents Another billion XRP goes out of escrow 133 million XRP moved; Ripple and Bin...
Binance Burns Over 6 Billion Terra Classic ($LUNC) Tokens
The world’s largest crypto exchange Binance has burned over 6 billion Terra Classic (LUNC) tokens in the 6th batch of the LUNC burn mechanism. With the latest burn, Binance has burned almost 20 billio...
Uvalde Survivors File $27 Billion Class-Action Suit— Here Are All The Suits Filed Against Police, Gun Makers, And School Officials
Topline Nearly 30 survivors of the mass shooting at Robb Elementary School in Uvalde, Texas, filed a $27 billion class action lawsuit, alleging law enforcement officials’ miscommunication and inaction...
Blackstone’s $69 Billion Real Estate Fund Hits Redemption Limit
(Bloomberg) — Blackstone Inc.’s $69 billion real estate fund for wealthy individuals said it will limit redemption requests, one of the most dramatic signs of a pullback at a top profit driver f...
Binance Burns 6.3 Billion LUNC Worth $1M For November
– Advertisement – Binance Burns 6B+ Terra Classic (LUNC) Worth $1M+ At Once In Its First Batch of Monthly Burns. Binance has incinerated up to 6.3 billion Terra Classic valued at over $1M ...
Investors Pull $8 Billion From Major Stock ETFs
(Bloomberg) — Exchange-traded fund investors took Wednesday’s stock-market surge as an opportunity to offload $8 billion of holdings in two of the biggest equity funds. Most Read from Bloomberg ...
Joe Rogan says FTX ‘funneled off like $10 billion’ while duping customers
American podcast host Joe Rogan has once again hit out at former FTX CEO Sam Bankman-Fried (SBF), questioning his ability to run the now-collapsed cryptocurrency exchange. Rogan stated SBF duped most...
$1 billion loan for crypto broker Genesis
Genesis, one of the most prominent crypto lenders, says it is trying to avoid bankruptcy, following the difficulties triggered by the collapse of FTX, of which it was a major victim. That is why in t...
Bitcoin Reclaims $17K as Crypto Markets Push $900 Billion (Market Watch)
The markets have fared well with yesterday’s speech of Fed Chairman Jerome Powell, and Bitcoin has so far been successful in reclaiming $17K. This has also pushed the total market capitalization towar...
OpenSea says NFT creators earned $1 billion in royalties this year
Creators selling NFTs on OpenSea collectively earned $1.1 billion this year, with 80% of that amount allocated to collections outside the top 10. These earnings do not include sponsorship revenu...
Berkshire Unit Sells $1.1 Billion in Rare 31-Year Green Bond
(Bloomberg) — Power utility PacifiCorp sold $1.1 billion of environmentally-friendly bonds due in 2053, the longest maturity to be offered in the sustainable debt market from a US corporation th...
FTX, Alameda Owe BlockFi More Than $1 Billion: Court Hearing
During the first day hearing for BlockFi’s bankruptcy proceedings, the company revealed that FTX and Alameda Research owe it more than $1 billion—$671 million on a now-defaulted loan to Alameda and $3...
China electric vehicle maker XPeng posts wider than expected 3Q loss of CNY2.38 billion ($332m)
XPeng Inc. XPEV, +6.53% said Wednesday that it expects its fourth-quarter vehicle deliveries to decline as much as 52% as the Chinese electric-car maker reported a wider loss for the third quarter. XP...
BlockFi Owes $1 Billion to Just Three of Its Largest Creditors: Bankruptcy Filing
BlockFi Inc. owes more than $1 billion to three of its largest creditors, including $30 million it has yet to pay the U.S. Securities and Exchange Commission as part of the $100 million settlement tha...
Amazon Seizes Sales Opportunity With $8.25 Billion of Bonds
(Bloomberg) — Amazon.com Inc., the world’s second-largest company by revenue, sold $8.25 billion of investment-grade bonds before any potential increase in inflation worries reduces investors’ c...
Why California’s $46 Billion Wine Industry Is Better Prepared For Climate Change Than Some Of Its Competitors?
Sunset in the vineyards of Sonoma County, CA getty Climate change poses a significant threat for all of agriculture, but it has particularly disruptive potential for the wine industry. This is because...
BlockFi Has $10 Billion in Assets and Liabilities and 100,000 Creditors: Bankruptcy Filing ⋆ ZyCrypto
Advertisement     The digital asset lender is the latest victim of FTX contagion. BlockFi is planning to lay off two-thirds of its staff in bankruptcy restructuring. C...
Banks Stuck With $42 Billion Debt Seize Chance to Offload It
(Bloomberg) — Banks in the US and Europe with around $42 billion of buyout debt stuck on their balance sheets are making the most of their last chance to get rid of it this year. Most Read from ...
The Worldwide Cryptocurrency Exchange Platform Industry is Expected to Reach $264.3 Billion by 2030 – Growing Popularity of Mobile-Based Trading Platforms is Driving Growth – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Cryptocurrency Exchange Platform Market Size, Share & Trends Analysis Report by End-use (Commercial, Personal), by Cryptocurrency Type (Bitcoin, Ethereum), by Region (E...