Though New York’s bankruptcy court signed off on Binance.US’ plan to purchase Voyager’s distressed assets, the United States government is making an effort to block the billion-dolla...
Tag: BillionDollar
Federal Judge Gives Voyager Digital Approval to Conclude Billion-Dollar Deal with Binance.US
The regulatory body raised concerns that there is no proof that the transaction complies with US Securities law. A federal bankruptcy judge in the US, Michael Wiles, has given Voyager Digital the go-...
Billion-Dollar Voyager Deal Green-Lit For Binance.US
Binance.US can now move ahead with its plan to acquire bankrupt crypto lender Voyager Digital’s assets for $1.3 billion. US Judge Approves Voyager Deal A United States bankruptcy judge has approved V...
SEC Triggers Billion-dollar ‘Bank Run’ on Binance’s BUSD
It has been a rough ride for Binance-owned stablecoin BUSD since Paxos received a Wells notice from the SEC. In a company email last week, Paxos noted that since its decision to halt minting the crypt...
The billion-dollar losses of Coinbase (COIN)
Coinbase (Coin), one of the world’s largest cryptocurrency exchanges, recently reported a net loss of $2.62 billion for the fourth quarter of 2022. This loss was largely due to a $1.7 billion write-do...
Starbucks, Warner Music among billion-dollar brands turning to Polygon to tap web3
Episode 7 of Season 5 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Polygon Labs President Ryan Wyatt. Listen below, and subscribe to The Scoop on Apple, Spotify, ...
LAFC Is The First Billion-Dollar Franchise
Since 2019, the average MLS team’s valuation has climbed 85% to $579 million. At the Los Angeles Football Club’s University Hills training facility, some 10 weeks after winning its first Major League ...
Ginkgo Bioworks Fires Up Its Bio Foundry To Take On The Billion-Dollar Enzyme Market
Ginkgo Bioworks banner on the façade of the New York Stock Exchange building. Ginkgo Bioworks Ginkgo Bioworks is getting ready for another year of disrupting the entire biotech industry model with its...
New billion-dollar Abu Dhabi fund will look far and wide for web3 deals
Abu Dhabi-based Venom Ventures Fund’s announcement last week that it’s ready to plough $1 billion into web3 applications certainly caught the eye — not least of all because it came after a disastrous ...
Flashbots seeks up to $50 million at a billion-dollar valuation
Flashbots, an Ethereum infrastructure service, is in discussions with potential backers about raising up to $50 million at a billion-dollar valuation. The startup hopes to raise between $30 mill...
Cardano’s configurable sidechains and toolbox are expected to draw billion-dollar businesses and investors
Join Our Telegram channel to stay up to date on breaking news coverage The toolkit allows sidechain developers to modify their consensus algorithm and other unique features without compromising the se...
Despite SEC Objection, Court Greenlights Billion-Dollar Asset Purchase Deal Between Binance US and Voyager – Regulation Bitcoin News
The asset purchase agreement between Binance US and bankrupt crypto lender Voyager Digital has reportedly received initial court approval despite objections from various regulators, including the U.S....
UAE investor groups launch billion-dollar web3 fund
Abu-Dhabi based Venom Foundation and Iceberg Capital are partnering to invest $1 billion in a host of web3 applications. The “blockchain-agnostic” Venom Ventures Fund aims to invest in “innovative pro...
A Billion-Dollar Hedge Fund Is Betting Against USDT, Bitcoin And Grayscale
Join Our Telegram channel to stay up to date on breaking news coverage Grayscale’s parent business Digital Currency Group, the Bitcoin Trust (GBTC), and other stakeholders are continuing to put pressu...
Billion-Dollar Hedge Fund Bets Vs. Bitcoin And Grayscale
The pressure continues to mount on Grayscale with its Bitcoin Trust (GBTC) and parent company Digital Currency Group. And as Ram Ahluwalia, CEO and co-founder of crypto-native investment advisor Lumid...
Founders of billion-dollar company from India share tips for success
Harsh Jain says it’s an “open secret” that he doesn’t use his own fantasy sports app — for fantasy football, at least. “I am still committed to fantasy football on Fanta...
Binance Boss Dispels Billion-Dollar Exchange Withdrawal FUD
Binance CEO Changpeng Zhao has responded to a torrent of fear, uncertainty, and doubt (FUD) following increased withdrawals from the exchange. On Dec. 14, Changpeng Zhao stated that the recent spate o...
Police in China dismantles billion-dollar crypto money laundering operation
Inner Mongolian police have detained sixty-three people in connection with an alleged conspiracy to launder more than 12 billion yuan ($1.7 billion). Ten million yuan laundered monthly According to Ch...
Billion-dollar Aptos Labs lawsuit resolved, Glazer says
Shari Glazer, who sued Aptos Lab CEO Mo Shaikh and claimed she had been cheated out of of an equity stake in the new firm, now says the case is resolved. “I am happy to resolve this matter and am deli...
Binance Launches Billion-Dollar Crypto Industry Recovery Fund to Restore Confidence After FTX Meltdown – Finance Bitcoin News
Binance has committed $1 billion to a crypto industry recovery initiative to restore confidence following the collapse of crypto exchange FTX. Several other crypto companies have joined Binance’s effo...
FTX Founder’s Billion-Dollar Fortune Goes to $1
FTX cofounder Sam Bankman-Fried’s empire collapsed this week following a liquidity crisis at one of his affiliates. The entire $16 billion fortune of the FTX CEO has now been wiped out, accordin...
China’s Billion-Dollar Cash-for-Copper Trade Grinds to a Halt
(Bloomberg) — For the past 15 years, the center of gravity of the global copper market has been a row of warehouses in Shanghai’s free-trade zone where the Yangtze River meets the Pacific. Most ...
Billion-Dollar Art Collection Of Microsoft Cofounder Paul Allen Going On Sale—It Could Be The Biggest Art Auction Ever
Topline The billion-dollar art collection of Paul Allen, the Microsoft cofounder who died in 2018, will be auctioned this November and is poised to surpass the current record for the most expensive so...
Jerry Bruckheimer Reflects On Billion-Dollar Box Office Unicorn ‘Top Gun: Maverick’
Jerry Bruckheimer and Tom Cruise attends the photocall of ‘Top Gun: Maverick’ during the 75th annual … [+] Cannes film festival in Cannes, France. FilmMagic Over $1.4 billion at the ...
Elon Musk and the billion-dollar sale of his Tesla shares
Between August 5 and 9, Elon Musk sold part of his Tesla shares for a total value of $6.9 billion. This marks the record for the largest billion-dollar sale. Elon Musk sells $6.9 billion worth of Tesl...
Celsius bankruptcy filing blames billion-dollar hole on rapid growth and bad bets
Celsius Network has filed for Chapter 11 bankruptcy protection in the Southern District of New York, and in the process lifted the lid on a mammoth $1.2 billion hole in its finances. According to the ...