Ratings agency S&P Global has reportedly knocked down the credit rating of Coinbase (COIN) after the crypto exchange revealed its financials for the second quarter of this year. According to Seeki...
Tag: Billion
Celsius Network coin report shows a balance gap of $2.85 billion
A new bankruptcy coin report filed on Sunday shows that troubled crypto lender Celsius’ actual debt stands at $2.85 billion against their bankruptcy filing claims of a $1.2 billion deficit. The latest...
Multiple Korean banks under probe for $6.5 billion worth of suspicious transactions
Days after making their first arrests in a probe over suspicious multi-billion cryptocurrency-linked transactions via multiple branches of two South Korean banks, the authorities discovered additional...
Do Kwon goes public in his first interview since Terra’s $45 billion collapse
Do Kwon, the CEO of Terraform Labs, a crypto ecosystem that caused significant losses for investors when both its stablecoin TerraUSD (UST) and native token Terra (LUNA) collapsed, has finally appeare...
Inflation Reduction Act would send $80 billion to the IRS. Tax experts say it may not be enough to help the backlogged agency.
For roughly a year, Jonathan Baer watched a paper folder full of tax-related paperwork slowly grow as he chronicled his effort to claim his 2020 tax refund. The attempts included upwards of 40 phone c...
Over 1.2 Billion aUSD Minted in an Exploit of Polkadot’s DeFi Hub Acala
Polkadot’s decentralized finance (DeFi) hub Acala suffered a major attack on its newly launched liquidity pool on Sunday. The exploit allowed the hacker to mint more than 1.2 billion aUSD, the project...
Acala Network aUSD Depegs by 99% as Hacker Issues Over 1 Billion Tokens
Acala Network became the latest Defi network to suffer an exploit after hackers breached the network and issued 1.2 billion aUSD tokens. The Polkadot-based network issues aUSD as its native stablecoin...
$1.5 billion enters SHIB’s market cap in 24 hours as meme coin gains 22%
After experiencing a significant price correction in 2022, interest in meme cryptocurrency Shiba Inu (SHIB) is gaining momentum, with the coin attracting short-term buying pressure. The resurgence of ...
Hackers Have Drained $1.4 Billion Worth of Crypto Since the Beginning of 2022 (Research)
According to a study conducted by Chainalysis, wrongdoers have stolen approximately $1.4 billion worth of digital assets between January 2022 and now. Targeting cryptocurrency bridges seems to have be...
China Crisis Wipes Out $90 Billion of Developer Market Value
(Bloomberg) — Chinese developers have suffered a meltdown of at least $90 billion in stocks and dollar bonds this year, with a bursting housing bubble and an intensifying debt crisis threatening...
Polcadot’s Acala Dips By 70% After Hackers Issued 1.2 Billion AUSD
Yet another DeFi protocol has been tampered by hackers, who, in the last couple of months, have succeeded in breaching security of many other protocols. This time, polcadot’s Alcala becomes the victim...
This Platform Burns 4.7 Billion SHIB, Planning to Surpass July Burns in August: Details
Yuri Molchan This SHIB burner has already destroyed more than 4.7 billion meme tokens since last year @shib_superstore Twitter account set up by game maker for smart phones Travis Johnson, who has bec...
Axie Infinity Surpasses $4 Billion in All-Time Sales, Team Removes SLP Rewards From Classic Game Mode – Bitcoin News
After recording more than $4 billion in all-time sales, Axie Infinity announced the game’s classic mode will no longer allow users to obtain smooth love potion (SLP), as SLP rewards have been added to...
Uniswap Volume Hit 2022 Low Sinking More Than $24 Billion
Uniswap saw a further decline in trading volume during the seventh month of the year due to decreased investor interest in digital assets. Uniswap reached a new low in July as the month proved to be o...
Huobi Chief in Talks to Sell $1 Billion Stake in Crypto Exchange: Report
Huobi Group founder Leon Li is engaged in talks with a group of investors as the Chinese entrepreneur is looking to sell his majority stake in the crypto exchange at a valuation between $2 billion to ...
The ‘writing is on the wall’ for ‘Chimerica’ on U.S. stock exchanges as $318 billion of Chinese equity flees Wall Street
For months, federal regulators have increased pressure on Beijing and Chinese companies that trade on U.S. stock exchanges to comply with American listing rules. But on Friday, five of China’s biggest...
Chinese Crypto Tycoon Wants $3 Billion for Huobi Stake Deal
Leon Li, the co-founder of global crypto exchange Huobi is wrapping up plans to sell most of his shares in the company valued at $3 billion Bloomberg reports. According to Houbi group spokesperson, Li...
House Passes Democrats’ Ambitious $430 Billion Climate And Health Bill
Topline The House of Representatives voted 220-207 to approve the $437 billion Inflation Reduction Act on Friday after months of torturous negotiations among Senate Democrats that finally resulted in ...
Hunting Invasive Lionfish In Dominica, A $4.5 Billion Chicken Industry Consolidation, And The Moldy Grain Coming Out Of Ukraine’s Black Sea Ports
I’m back after my longest break from working in, well, my entire life, and feeling quite refreshed. How could I not after two weeks of organic juices, huge avocados and hikes to waterfalls and hot spr...
A $470 Billion Error? What’s Driving AMTD (HKD), GameStop (GME), AMC And Other Meme Stocks
GameStop SOPA Images/LightRocket via Getty Images Are Reddit traders back at it again? After listing in New York, a small, obscure Hong Kong company called AMTD Digital (HKD) exploded a crazy 14,000% ...
Huobi’s Founder Looking to Sell His Stake in the Company for $3 Billion (Report)
The founder of the cryptocurrency exchange Huobi Group – Leon Li – is said to be in talks with numerous investors regarding selling his majority stake in the firm for nearly $3 billion. Some of those ...
Australian, South Korean Investors Pour More Cash Into SpaceX At $125 Billion Price Tag
Onlookers in Seoul, South Korea watched SpaceX launch the nation’s first lunar orbiter on August 5, 2022. Now a South Korean investment firm is pouring millions into the rocket startup. AFP via ...
MakerDAO Co-Founder Proposes Dumping $3.5 Billion USDC Reserves for ETH
MakerDAO co-founder Rune Christensen recently proposed removing all USDC from the DAI stablecoin’s peg-stability module. He suggested that the USDC within, worth $3.5 billion, could be used to buy ETH...
Rivian’s Losses Nearly Triple to $1.7 Billion
Rivian Automotive Inc. reported its net loss in the second quarter nearly tripled to $1.7 billion, further pressuring the electric-vehicle startup to conserve cash and move quickly to fill customer or...
Rivian loses nearly $2 billion in second quarter as expenses mount
Rivian Automotive Inc. late Thursday reported a narrower-than-expected quarterly loss, but called for steeper losses for the year, warned about ongoing supply-chain snags, and saw rising expenses, sen...
As ‘Thor 4’ Passes $700 Million, Not Every Marvel Movie Needs To Top $1 Billion
Chadwick Boseman in ‘Black Panther,’ Brie Larson in ‘Captain Marvel,’ Benedict Cumberbatch and Benedict Wong in ‘Doctor Strange in the Multiverse of Madness’ and Na...
Coinbase Shares Drop As Crypto Exchange Reports $1.1 Billion Net Loss in Q2
The price of Coinbase (COIN) is dropping after the publicly-traded crypto exchange operator reports losses of over $1 billion in the second quarter of the year. In its latest letter to shareholders, C...
Hackers Have So Far Stolen $1.4 Billion This Year, Chainalysis Says
Hackers are enjoying brisk “sales” this year and the targets seem to be getting aplenty. According to a research, the web3 ecosystem suffered a “loss” of around $1.23 billion in the first quarter of 2...
Latest Report Shows Ethereum Whales Buy 312 Billion SHIB During Crypto Winter
The broader crypto market had shown positive progress in price within the last week, including meme coins like Dogecoin and SHIB. However, its performance over the past 24 hours speaks otherwise. The ...
Ethereum records a double-digit gain in 24 hours adding $25 billion to its market cap
Ethereum (ETH) is recording increased buying pressure as the blockchain makes progress towards the historic Merge upgrade that will usher in the staking mechanism. Besides the network development acti...