The United States Federal Home Loan Banks System (FHLB) is lending billions of dollars to two of the largest cryptocurrency banks in an effort to mitigate the effects of a surge in withdrawals, accord...
Tag: Billions
U.S Federal Home Loan Banks System (FHLB) lent billions to crypto banks amid surge in withdrawals – Cryptopolitan
To protect against the potential rise in withdrawals, The Wall Street Journal reported on Jan. 21 that two of America’s leading crypto banks are receiving billions of dollars from the Federal Home Loa...
Flawed Reporting Raises Concern About Unlocking Billions of XRP
– Advertisement – At current prices, Ripple still holds about $17.9 billion worth of XRP, which it will unlock over the project’s lifetime. Ripple is yet to unlock about $17.9 billion wort...
NFT sales surge 67.57% in one year, generate billions in trading volume: Report
The number of non-fungible tokens sold in 2022 reached 101 million. The NFT market generated $24.7 billion in trading volume in 2022, a minor fall from $25.1 billion in 2021. The number of Non-Fungibl...
Whales Dump Billions of Shiba Inu Worth Around $5.1 Million
8 hours ago | 2 mins read Altcoin News Whale addresses have transacted more than 443 billion Shiba Inu coins. Information gleaned from Coinglass indicates that 318.3 billion Shiba Inu coins were sold....
Lawyers find billions in cash and cryptocurrencies while searching for FTX assets
Join Our Telegram channel to stay up to date on breaking news coverage Two months after declaring bankruptcy, FTX’s attorneys are now identifying and valuing the company’s assets to see how much money...
Musk stands to lose billions in trial over ‘funding secured’ tweet
The question of whether Tesla CEO Elon Musk is a fraud or is just too careless with his words took center stage in a San Francisco court room Wednesday. Under the microscope was Musk’s notorious 2018 ...
Billions withdrawn, liquidations and losses mount
Crypto-friendly bank and financial service provider Silvergate posted a loss of $949 million for the final three months of 2022. Massive losses in the past few weeks have forced the company to lay off...
Whales Move Billions Of XRP Following Price Spike
The broader cryptocurrency market has seen improvement in investor sentiment in the last weeks, and so has XRP. Even the global crypto market cap is up by 0.11%, reflecting the rate at which most toke...
TerraCVita Releases Terraport White Paper Promising To Burn Billions Of LUNC Weekly
– Advertisement – TerraCVita explains how the DEX will be a LUNC furnace. Independent Terra Classic development group TerraCVita yesterday released the white paper for its decentralized fi...
Chips Are the New Oil and America Is Spending Billions to Safeguard Its Supply
Only in the past two years has the U.S. fully grasped that semiconductors are now as central to modern economies as oil. In the digitizing world, power tools commonly come with Bluetooth chips that tr...
FTX Plans Billions of Altcoin Sell-offs, How Will Market React?
Godfrey Benjamin Bankrupt exchange FTX wants to sell $4.6 billion worth of altcoins to pay creditors Bankrupt digital currency trading platform, FTX Derivatives Exchange, may soon offset the balance i...
I Didn’t Steal Funds Or Stash Away Billions: Sam Bankman-Fried
Disgraced FTX founder Sam Bankman-Fried, in an astonishing and highly unusual blog post, stated that he did not steal any funds or stash away billions as claimed. He blamed Binance CEO Changpeng Zhao...
ConocoPhillips in Talks to Sell Venezuelan Oil in U.S. to Recover Billions It Is Owed
ConocoPhillips, which abandoned Venezuela after its assets were nationalized in 2007, is now open to a deal to sell the country’s oil in the U.S. as a way to recover the close to $10 billion it is owe...
‘I didn’t steal funds, and I certainly didn’t stash billions away’
Former FTX CEO Sam Bankman-Fried has largely denied the allegations against him in a “pre-mortem overview” of the crypto exchange’s insolvency. In a Jan. 12 post on Substack, Bankman-Fried claimed the...
Minibubbles in US Banking Are Popping With Costs in the Billions
(Bloomberg) — A two-century-old bank in the New England countryside suddenly became one of the hottest stocks in US finance a couple of years ago after making an unlikely proclamation: It was wi...
Bankrupt FTX Has Recouped Over $5 Billion In Liquid Assets—But Still Has Billions More To Go To Meet Liabilities
Topline FTX has recovered more than $5 billion in cash, easily sellable digital assets and other liquid holdings thus far, an attorney for the disgraced crypto exchange said in a Delaware bankruptcy c...
Ethereum unlock in March worth tens of billions of dollars
A massive tranche of ether (ETH) is unlocking soon. During a meeting on December 8, Ethereum developers decided to make staked ETH on Ethereum’s Beacon Chain available for withdrawal with the Shanghai...
Why ETH Whales Are Scooping Billions Of SHIB Tokens Right Now?
Shiba Inu News: Shiba Inu, the world’s second largest meme cryptocurrency didn’t get the desired gains in the year 2022 due to the multiple collapses in the market. However, recent updates coming from...
Celsius Founder Mashinsky Defrauded Thousands for Billions in Crypto: NYAG
New York’s attorney general is suing the former CEO of bankrupt crypto lender Celsius Network, alleging that the executive defrauded hundreds of thousands of investors out of billions of dollars in cr...
Former CEO Of Celsius Network Sued For Defrauding Investors Out Of Billions
New York Attorney General Letitia James filed a lawsuit against Alex Mashinsky, former CEO of the bankrupt crypto lending platform Celsius Network, for defrauding investors – including 26,00 people fr...
Sam Bankman-Fried Pleads Not Guilty, Task Force Formed To Recover Billions of Dollars
Defunct crypto exchange FTX has been attributed to a liquidity crunch on millions of crypto traders and several digital assets firms. With billions of dollars at stake, the Fed has come out guns blazi...
Companies and investors may need to return billions in funds paid by FTX
The collapse of FTX Group may not yet be finished with its contagious spread, as clawback provisions could force businesses and investors to return billions of dollars paid in the months leading up to...
Johnson & Johnson is Investing Billions in Clinical Care Solutions
For decades, Johnson & Johnson (J&J) has been a household staple, with products ranging from band-aids to moisturizers. Apart from just household goods, however, the company has also invested ...
Caroline Ellison admits to stealing billions of dollars from FTX customers
Caroline Ellison, the former CEO of Alameda Research, has admitted to deliberately deceiving lenders about loan amounts they took from FTX, along with co-founder Sam Bankman-Fried. Ellison made this a...
Caroline Ellison Admits to Hiding Billions of Secret Loans From FTX
12 seconds ago | 2 mins read Exchange News Caroline Ellison accepted a guilty plea and is assisting the government. Ellison admitted that she and Sam Bankman-Fried concealed misleading funds. The form...
Caroline Ellison admits to concealing billions of dollars of FTX loans
FTX associate Caroline Ellison admitted during her plea deal that she concealed billions of dollars worth of loans, according to a Reuters report on Dec. 23. As the former CEO of Alameda Research, Ell...
Former Alameda CEO confirms firm borrowed billions from FTX customer deposits as part of plea deal
Caroline Ellison, the former chief executive officer of Alameda Research, said as part of her plea deal that she was aware FTX funds had been made available for the venture capital firm’s investments....
North Koreans Hackers Steal Billions In Crypto In Five Years
The National Intelligence Service of South Korea calculated that threat actors with ties to North Korea have stolen roughly 1.5 trillion won ($1.2 billion) in cryptocurrencies. Also, other virtual ass...
Wells Fargo Mismanagement of Billions In Customer Funds Not Highlighted Like FTX
– Advertisement – Brad Garlinghouse is not comfortable with the media coverage Wells Fargo’s asset mismanagement is getting compared to the FTX implosion. Brad Garlinghouse, American busin...