Jack Dorsey heads Block Inc, which is a financial service provider company. Block Inc reportedly shared a profit of around $1.5 billion in Q2. The company further added that its BTC revenue is only $4...
Tag: Billion
Apollo Launches $15 Billion Equity Fund for High Net-Worth Investors
(Bloomberg) — Apollo Global Management Inc. is launching an equity fund that allows high net-worth individuals to invest alongside the firm as the alternative-asset manager expands beyond its tr...
IRBT stock rockets 20% as Amazon agrees to acquire iRobot for $1.7 billion
iRobot (NASDAQ: IRBT) will be acquired by Amazon (NASDAQ: AMZN) for $61/share in an all-cash deal valued at $1.7 billion, with the stock now up over 19% on the news. Once customary closing conditions ...
Higher Chicken Prices Expected After $4.5 Billion Poultry Merger Wins U.S. Approval
Long-delayed approval from the Department of Justice on Cargill and Continental Grain’s $4.5 billion acquisition of publicly traded Sanderson Farms has the barnyard buzzing: Could even more consolidat...
Block Q2 Bitcoin Revenue Down 6% YOY Due to BTC Slump Block Inc.’s Q2 Revenue is down 6% YOY to $4.40 Billion over BTC Slump
American digital payments company Block Inc.’s second-quarter (Q2) revenue dropped by 6% year-over-year (YOY) to $4.4 billion. Although the numbers still topped Wall Street’s expectations of $4.35 bil...
Cross-Chain Crypto Bridge Hacks Hit $2 Billion: Chainalysis
Blockchain sleuths Chainalysis estimates that more than two-thirds of all stolen funds across the crypto space have come from cross-chain bridge hacks this year. These sorts of attacks refer to explo...
NFT Global Sales Hit 2022 Low, Sinking More Than $4 Billion
NFT global sales experienced a sharp decline in volume during the seventh month of the year due to decreased investor interest in digital collectibles. Non-Fungible Tokens (NFTs) sales soared at the s...
Saylor’s Billion Dollar Bitcoin Loss Is a Big Win, Argue Crypto Proponents
The billion dollars that MicroStrategy has lost on Bitcoin is actually a big win, according to Michael Saylor and numerous other crypto insiders. While mainstream media outlets such as the Wall Street...
Warner Bros. Discovery sinks on $3.42 billion loss, HBO Max restructuring plan revealed
Warner Bros. Discovery (WBD) reported its first quarterly report since the $43 billion merger as the company battles consolidation challenges. The media conglomerate swung to a $3.42 billion loss in t...
Reviewing The U.S. Climate Agreement – A $369 Billion Supercharge That The Clean Tech Industry Needs
Landscape with solar park and wind turbines in the background. Adobe Stock Last week, as part of the Inflation Reduction Act of 2022, U.S. senators triumphantly announced a $369 billion commitment to ...
Copper Worth Nearly Half a Billion Dollars Goes Missing in China
(Bloomberg) — A group of Chinese companies are investigating why a commodities storage site in northern China is holding only one third of the copper concentrate they were financing, according t...
Chairman Of World’s Hottest Stock AMTD Now Worth Nearly $37 Billion, More Than Li Ka-Shing
Calvin Choi controls AMTD Digital, the world’s hottest stock right now, through a web of companies. Forbes estimates his holdings make him Asia’s sixth-richest person, at least on paper, but few think...
Space tourism and economy market size is projected to surpass $900 billion by 2030
Global space tourism or human spaceflight for recreational purposes was estimated in 2021 to be roughly worth around $598 million. In 2021, the space tourism sector made giant leaps with four complete...
Over a Million Addresses Minted More Than 2.7 Billion USD Worth NFTs
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Unknown Bitcoin Wallet Accumulated 3 Billion USD Worth BTC
Newly made bitcoin wallet was connected to the former richest non-exchange bitcoin wallet. Cryptocurrencies across the global crypto market have only wrapped up with trading at their recent lows. Thi...
Ethereum (ETH) TVL Spiked More Than $10 Billion in July
Ethereum total value locked (TVL) increased significantly in July due to a recovering market that saw investors pour more liquidity into decentralized finance (DeFi). Ethereum was one of the best-perf...
South Korean VC firm Hashed lost more than $3 billion in LUNA collapse
Hashed CEO Simon Seojoon Kim disclosed in a Bloomberg interview that the VC firm lost more than $3 billion from its investment in LUNA after it crashed in May 2022. Hashed bought about 30 million LUNA...
Venture Capital ‘Hashed’ Lost Over $3 Billion Following Terra Crash
2 hours ago | 2 mins read Altcoin News The firm bought 30 million LUNA in Terra early on and ended up losing. At its peak, the 30 million tokens bought by Hashed were valued around $3.6 billion. Hashe...
Senate Democrats just proposed $21 billion in new COVID-19 funding — here are 3 healthcare stocks that could stand to gain
Senate Democrats just proposed $21 billion in new COVID-19 funding — here are 3 healthcare stocks that could stand to gain The healthcare sector received a lot of investor attention during the early d...
French Banking Giant Societe Generale Posts 3.3 Billion Euros Loss in Q2
The bank reported a revenue hit of 7 billion euros for the quarter while its operating expenses topped 4.5 billion euros. French multinational banking giant Societe Generale SA (EPA: GLE) posted a 3.3...
Paul Britton, CEO of $9.5 billion derivatives firm, says the market hasn’t seen the worst of it
(Click here to subscribe to the Delivering Alpha newsletter.) The market has seen tremendous price swings this year – whether it comes to equities, fixed income, currencies, or commodities — but...
Mystery of the ‘meme stock’ no one had ever heard of that went from $1 billion market cap to over $400 billion in a matter of days
What in the world is AMTD Digital, and who is behind it? That’s the question many investors are asking themselves after an unknown company out of Hong Kong managed to join the ranks of the global mega...
AMTD Digital May Be The New ‘Perfect Meme Stock,’ Loses $70 Billion In Value In One Day After Rising Over 125%
Topline Shares of under-the-radar Hong Kong fintech company AMTD Digital continued to swing wildly in volatile trading on Wednesday after a more than 21,000% run up since its IPO last month, and altho...
Hashed’s LUNA portfolio crashed from $3.6 billion to $3k
Ibiam Wayas Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general p...
Michael Saylor Ditches CEO Position As MicroStrategy Suffers $1 Billion Loss
Michael Saylor is vacating his position as MicroStrategy’s chief executive to become Executive Chairman, focusing on the company’s bitcoin strategy, according to a statement posted by MicroStrategy, T...
The $300 billion meme stock that makes GameStop look like child’s play
The Reddit logo is seen on a smartphone in front of a displayed Wall Street Bets logo in this illustration taken January 28, 2021. Dado Ruvic | Reuters Think the meme stock mania is so 2021? Just take...
1.4 billion MATIC locked in- Here’s what could follow next
Polygon has released a new update for its network. Polygon contract address released 13.87% of the total supply to the foundation contract address. Officials from Polygon said 640 million MATIC are al...
Bitcoin Maverick Michael Saylor Drops CEO Role At MicroStrategy After Reporting $1 Billion Loss
One of the biggest Bitcoin proponents Michael Saylor has stepped down from the position of CEO of his business intelligence firm MicroStrategy. The announcement came on Tuesday, August 2, as the compa...
War Has Caused $108 Billion In Damage To Ukraine’s Infrastructure, Study Finds
Topline Russia’s invasion of Ukraine has caused $108.3 billion in damage to the country’s infrastructure, according to a study from Kyiv School of Economics released the same day Ukraine’s defense min...
XRP In Bearish Mode As Ripple Unlatches 1 Billion Tokens From 2 Wallets
Ripple (XRP) is in bearish mode and was down 1.93% as seen overnight. Moreover, Ripple has recently freed up over 1 billion XRP tokens coming from two separate escrow wallets. Currently, the crypto tr...