Amid the heated-up news steam about the FTX drama, Ripple CEO Brad Garlinghouse hastried to turn the public’s attention to another case regarding the misdeeds of traditional finance. A $3.7 billion fi...
Tag: Billions
Paxful pulls ether, citing centralization and scams used to steal billions
Paxful is removing ether from its crypto marketplace tomorrow, linking related tokens to scams that have “robbed people of billions.” “Revenue is nice, but integrity trumps all,” CEO Ray Youssef...
New Spray Uses Billions Of Tiny Soldiers To Disinfect Food
A farmer washes fresh lettuce at a market stall. getty From romaine lettuce to frozen falafel, the U.S. Food and Drug Administration (FDA) recall list is filled every year with items contaminated with...
Andreessen Horowitz Still Has Billions to Invest in Web3
According to Andreessen Horowitz crypto fund founder Chris Dixon, the majority of the capital in its most recent fund has yet to be deployed. In May, a16z announced a $4.5 billion venture fund for web...
Top 50 FTX creditors only account for $114M of unsecured claims out of billions lost
Tthe largest unsecured claim in the FTX bankruptcy case amounts to $36.2 million and none of the top 50 creditors are considered “insiders.” The total sum allegedly owed to the top 50 creditors is rou...
a16z crypto funds still have billions to deploy, says co-founder Chris Dixon
The majority a16z’s most recent crypto fund is still to be deployed, general partner and crypto fund founder Chris Dixon said in an interview on The Block’s podcast The Scoop. The la...
MacKenzie Scott Outlines Criteria For Doling Out Her Billions
Topline MacKenzie Scott, one of the wealthiest women in the world following her divorce from Amazon’s founder Jeff Bezos, launched a website revealing the process behind how she chooses which groups t...
Hundreds of Billions of Shiba Inu (SHIB) Sent to Binance – Are Whales Depositing Back?
Yuri Molchan Several transfers of SHIB have been spotted, moving astounding lumps of Shiba Inu to Binance exchange Contents 750 billion SHIB on move, are whales re-depositing to Binance? CZ says depos...
Celebrity Brand Endorsement Is Worth Billions. What Could Go Wrong, Kanye?
From Kanye West and Kim Kardashian to Tom Brady and David Beckham, celebrity brand endorsement can … [+] make millions, or end in tears (Photo by Evan Agostini/Invision/AP, File) ©2019 Evan Agos...
While Contractors Make Hundreds of Billions, Military Families Struggle to Put Food on the Table
The National Defense Authorization Act (NDAA) for Fiscal Year 2023 is about to approve over $858 billion in spending for military purposes, more than half of which will go to private companies. CEO’s ...
SBF faces 8 criminal charges; Binance reportedly has billions in undisclosed reserves
The biggest news in the cryptoverse for Dec. 13 includes the arrest of former FTX CEO Sam Bankman-Fried, the testimony of FTX’s new CEO John Ray on what led to the exchange’s failure and Binance repor...
Binance may have billions stashed in secret reserves not disclosed to public – Sources
Binance’s publicly reported reserves may only be a fraction of all the assets it holds and the exchange has “more money than it is letting on,” a source told CryptoSlate, citing people familiar with t...
ESG Efforts Ramp Up, Tesla Semis Hit The Road And Reaping Billions From Clean Energy Bonds
This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. getty A new survey from Deloitte finds th...
Bitcoin miners took on billions in debt to ‘pump their stock’—leading to a crypto catastrophe
The phone just won’t stop ringing, beams Zach Bradford, the CEO of Bitcoin mining company CleanSpark. The calls are from other mining bosses—and they’re panicking. After Bitcoin crashed and energy cos...
John Paulson Seeks to Shut Down Wife’s Suit Alleging Hidden Billions
(Bloomberg) — John Paulson is seeking to shut down his wife Jenica’s lawsuit accusing him of shielding billions of dollars in assets from their divorce, claiming she’s the one who’s engaged in a...
How Wall Street Banks Will Reap Billions From Tax-Free Renewable Energy Bonds
One of the hottest trends in finance is prepaid muni bonds structured to help local utilities buy decades worth of renewable electricity. They’re good for the environment, but even better for the bank...
FTX Killed Itself When It Stole Billions
Binance has been at the center of attention in the crypto industry following the collapse of its competitor FTX. The company’s CEO, Changpeng “CZ” Zhao, took to Twitter to finally clear the air around...
Hundreds of Billions of SHIB Moved by Mysterious Whales to Binance as Price Shows Some Gains
Yuri Molchan Close to trillion SHIB have been shoveled to Binance by these whales, while price strives to go up According to data recently shared on Twitter, over the past 19 hours, nearly a trillion ...
Mispriced Municipal Bonds Cost Mutual Fund Shareholders And Taxpayers Billions Of Dollars
Money Flow in Black Hole extreme closeup getty In a market where at least 99% of trillions of dollars of fixed income securities have no trades to offer price discovery and the financial data to asses...
Hundreds of Billions of SHIB Moved as SHIB Becomes Most Wanted Coin for Whales
Yuri Molchan Over trillion Shiba Inu coins have landed in these two wallets as whales have placed focus on SHIB Contents 1.2 trillion SHIB lands in these two wallets Whales are after SHIB, data shows ...
LUNC Price Suddenly Jumps 11% as Billions of Tokens Are Burned
Terra Classic (LUNC) suddenly jumped nearly 13% on Dec. 2 as the community received the results of Binance’s sixth batch of burns with excitement. 🔥 #Binance just burned 6.4 BILLION $LUNC!? Retw...
FTX Missing Billions Remain Mystery After Bankman-Fried Grilling
(Bloomberg) — Mystery continues to shroud the missing billions at bankrupt crypto exchange FTX after its disgraced founder Sam Bankman-Fried denied trying to perpetrate a fraud while admitting t...
The Divestment Movement Has Cost Organizations Billions Of Dollars
IMAGE DISTRIBUTED FOR DIVESTINVEST – Co-founder and chief investment strategist of GMO Jeremy … [+] Grantham lays out the financial case for divestment at the Fossil Fuel Divestment State ...
FTX Was Doing Billions in Business in Africa
Join Our Telegram channel to stay up to date on breaking news coverage Nestcoin, a startup leading crypto and Web3 activities in Africa, has been linked to the collapsed FTX exchange. With FTX’s bankr...
How drought cost America’s cotton industry billions
Cotton farmers in Texas, where about 40% of the U.S. crop is produced, are facing a severe drought that is costing the industry billions. A lack of rain and extreme heat is forcing growers in the stat...
Crypto Fears Contagion as Billions Owed to Creditors
(Bloomberg) — Sam Bankman-Fried’s bankrupt FTX crypto exchange owes its 50 top unsecured creditors a total of $3.1 billion. FTX Trading Ltd. and about 100 affiliated companies are starting a str...
They Lived Together, Worked Together and Lost Billions Together: Inside Sam Bankman-Fried’s Doomed FTX Empire
NASSAU, Bahamas—Sam Bankman-Fried’s $32 billion crypto-trading empire collapsed in an incandescent bankruptcy last week, prompting irate customers, crypto acolytes and Silicon Valley bigwigs to ask ho...
How FTX Went From Billions To $600K At Its Liquidation
The FTX bankruptcy process has begun, led by the company’s new CEO, John Ray. After Sam Bankman-Fried, founder and former CEO of the company quit from duties and position, Ray took over the reins of t...
LFG Audit Reveals Billions Spent On UST Peg
A third-party audit has revealed that the Luna Foundation Guard spent $2.8 billion to defend the peg of the algorithmic stablecoin TerraUSD (UST). Audit Findings Reported The audit was conducted by J...
Hundreds of Billions of SHIB Transferred as News About Vital Milestones Gets Revealed
Yuri Molchan Nearly trillion Shiba Inu coins have been shifted as news about several new SHIB milestones got out to the public Contents Whales move 878 billion SHIB New important SHIB-related updates ...
Alameda ‘secretly’ traded billions of FTX customer funds: Report
Alameda Research, an FTX-affiliated quantitative crypto trading platform co-founded by Sam Bankman-Fried in 2017, allegedly used funds belonging to FTX users to trade, sources say. The crypto news is ...