William Ackman isn’t known for his political takes. Typically, the billionaire hedge fund manager spends his time dissecting corporate financials, looking for his next high-profile investment or activ...
Tag: Billions
Harmony proposes minting billions of ONE tokens to pay back hack victims
Harmony’s core team has proposed a hard fork to mint billions of new harmony (ONE) tokens. The proposal is part of the plan to reimburse victims of its bridge hack last month. Harmony is a proof-of-st...
Harmony Faces Criticism after Offering to Reimburse Community by Minting Billions of Tokens
In the proposal posted via the protocol’s community page, Harmony developers revealed that over 14 different asset classes worth close to $100 million were stolen from 65,000 wallets. The Harmony pro...
Harmony Plans to Mint billions of New ONE Tokens for Reimbursement
Harmony is planning a hard fork to mint billions of new harmony (ONE) tokens to reimburse victims of its bridge hack last month. Harmony, a proof-of-stake (PoS) blockchain, uses ONE token as the nativ...
Harmony Offers to Reimburse Community By Minting Billions of Tokens, Sparking Backlash
A month has passed since the bridge exploit that saw Harmony lose $100 million worth of Ether, and the subsequent decline of their Whitehat offer for the return of funds. As a result, the Harmony devs...
Jed McCaleb Earned Billions of Dollars from His XRP Holdings, With Most of Them Coming After SEC Lawsuit: Details
Gamza Khanzadaev Jed McCaleb has earned $3.1 billion and 708 BTC from his XRP sales in all Contents XRP community is now free of “burden of McCaleb” How to earn a lot and still miss out on...
Food Waste Costs U.S. Taxpayers Billions Of Dollars A Year
Every year, $400 billion ends up in dumpsters, and because it cuts into corporate profits, companies can treat it as tax deductible. When Kroger, America’s largest grocery chain, promised four years a...
Crypto Hedge Fund Bosses’ Whereabouts Are Unknown, Say Creditors Seeking Billions of Dollars in Debt
The whereabouts of Three Arrows Capital (3AC) founders Zhu Su and Kyle Davies are currently unknown, according to creditors trying to seek payment on large unpaid loans. According to court documents, ...
John Paulson Hid Billions in Secret Trusts, Wife Claims
(Bloomberg) — John Paulson was accused by his wife Jenica of secretly creating a series of trusts to hide billions of dollars in assets from her in their divorce. Most Read from Bloomberg Jenica...
FTX CEO Says His Company Still Has A Few Billions To Save Troubled Crypto Companies ⋆ ZyCrypto
Advertisement     Sam Bankman-Fried has a bounty enough to go around for struggling crypto firms. The crypto billionaire has already given a lifeline to BlockFi and Vo...
States spend billions on EVs to replace automotive capital Michigan
For as long as there has been an auto industry, Michigan has been its epicenter. But now, the industry is making clear that it is not bound by tradition. The move to electric vehicles — rapidly accele...
Shiba Inu Lead Developer Says SHI Stablecoin Will Avoid Issues Found In Other Collapsed Stable Tokens Losing Billions
– Advertisement – Shiba Inu’s top Developer Kusama Sytoshi does not want the SHI stablecoin to suffer the same fate as TerraUSD (UST). Following the de-peg of Terra algorithmic stablecoi...
Smart Airlines Are Saving Billions Thanks To Oil Price Hedging
Commodity price hedging is a popular trading strategy frequently used by oil and gas producers as well as heavy consumers of energy commodities such as airlines to protect themselves against market fl...
G-7 Pledges Billions To Help Ukraine Rebuild And Reveals Plan To Tackle Food Security As Summit Ends
Topline The Group of Seven nations (G-7) outlined plans for the reconstruction of Ukraine, resolving the global food security crisis, securing energy supply and tackling climate change as a two-day su...
Tesla giga factories are losing billions: a red flag for investors?
Shares of Tesla Inc (NASDAQ: TSLA) closed 1.0% down on Thursday after CEO Elon Musk said the giga factories in Austin and Berlin were losing “insane money”. Supply constraints are hurting ...
TSLA stock dwindles as new Tesla factories lose billions
Elon Musk, CEO of Tesla (NASDAQ: TSLA), was interviewed by Automotive News on May 31, with the interview split into three parts. With the last part of the interview just published, pundits are worried...
As Tether Faces Billions in Redemptions, Circle’s USDC Is Gaining Ground
During a Crypto Winter, investors tend to stash a portion of their bull market gains in stablecoins to wait out the downturn. But over the past two months—through Terra’s UST stablecoin collapse...
SOLANA Price Analysis: The Recover has Begun, SOL Based NFT valuated in Billions
The uptrend movement of SOL signifies the bullish dominance of the market. The bears will definitely interfere, and the investors need to be careful. SOL-based NFT reaches a valuation of billions. The...
USDD Still De-pegged Despite Tron DAO Reserve Injecting Billions Into It – Is This The End?
– Advertisement – Tron’s USDD Stablecoin is still below the desired 1:1 ratio with the USD despite Justin Sun trying to stabilize it. A few days ago, Tron’s stablecoin, USDD, experienced...
Tron removed billions of TRX from Binance, know why!
In a recent tweet, TRON DAO Reserve, that manages stablecoin USDD, says it’s retreating 2.5 billion TRX out of Binance to safeguard the general blockchain trade and crypto market. In relevance to this...
Crypto Chaos Allowing Some to Rake in Billions of Dollars — Here’s How
Since the start of the crypto winter, investors have lost trillions of dollars but one breed of investors has found a way to profit from the bearish sentiments and it’s not from an advanced reading of...
Binance Lost Billions In Terra Investment – Here’s What CEO Has to Say – Coinpedia – Fintech & Cryptocurreny News Media
Things in the cryptocurrency world got off to a shaky start in mid-May, when Terra USD, an algorithmic stable currency, lost its peg to the US dollar and began trading for less than $1. Tether, the wo...
Billions Of Penalty & Imprisonment Rumours Around Terra’s Do Kwon?
While the South Korean government intensifies its inquiry into Do Kwon and the Terra crash, a closer examination of legal issues reveals some surprising insights. Do Kwon and Terraform Labs are the fo...
Ford To Invest Billions To Add Jobs In Three States Ahead Of Contract Talks
Ford Motor Co. Flat Rock (Michgan) Assembly Plant Steve Koss More than a year before contract negotiations begin the United Auto Workers and Ford Motor Co. announced Thursday the automaker will invest...
Blackstone’s New Twist on Private Credit Will Open Up Billions
(Bloomberg) — Blackstone Inc. is testing a new way to bring in cash from rich Europeans. If it succeeds, the private equity powerhouse stands to draw billions to the fast-growing and risky world...