Chipper Cash, an African fintech company backed by Silicon Valley Bank and the defunct crypto exchange FTX, is reportedly considering various strategic moves, including a potential sale or attracting ...
Tag: Cash
Robinhood Users Say The Trading App Won’t Cash In Their Profitable Bets Against Silicon Valley Bank
The last time Robinhood got into hot water with its users, CEO Vlad Tenev got hauled in front of Congress. Photographer: Daniel Acker/Bloomberg © 2021 Bloomberg Finance LP If you had “Robinhood contro...
What next after Bitcoin Cash [BCH] reclaims $110 from riding BTC’s coattails
BCH’s correlation with BTC has led to a rally in its price If positive conviction remains, the coin’s value can be expected to appreciate even further Due to its statistically significant positive cor...
Rivian Stock Is Just About Free. Investors Shouldn’t Forget Cash.
Text size Rivian ended 2022 with about $12 billion on its balance sheet. Justin Sullivan/Getty Images Rivian Automotive shares are basically free, the latest evidence, if any was needed, that the stoc...
‘Very important for your cash.’ Here’s what accounts are, and are not, insured by the FDIC
When it comes to banks insured by the FDIC, depositors with certain types of accounts in certain amounts are covered “dollar-for-dollar, including principal and any accrued interest through the date o...
Pandemic cash creation lifted markets, now small banks and crypto are in limbo
The views and opinions expressed here belong solely to the author. The COVID-19 pandemic caused governments and central banks to create a lot of new money, which had a significant impact on the bankin...
TMS Network Completes Stage 1 of Presale, eCash Teases May 15 Network Upgrade, Bitcoin Cash Declines
There is a consistent stream of new projects that pop up in the blockchain space, and with over 22,000 coins and tokens for users to pick from, there is always variety, and it can be difficult to know...
Celsius Confirms That Its Cash at Signature Bank Is Secured
Celsius recently confirmed that its cash deposits with Signature Bank are secured. The bankrupt crypto lender is trying to transfer its funds to other authorized depositaries. Popular Celsius creditor...
BlockFi Has Cash Access for Staff, Vendors Despite SVB Collapse: Attorney
The New Jersey bankruptcy court had banned BlockFi from investing in secondary financial markets, according to a filing by U.S. Trustee Andrew Vara made on Friday. In a series of letters starting Feb....
Ripple CEO admits company held ‘some’ cash in Silicon Vally Bank
Ripple’s Brad Garlinghouse has revealed that the project had some exposure to the embattled Silicon Valley Bank (SVB), but the company expects no disruption to its daily operations. Ripple, the issuer...
Bitcoin Cash outperformed Litecoin and Ethereum Classic in this category
Bitcoin Cash ranks higher in decentralization than Litecoin and Ethereum Classic. BCH whales have been reaccumulating during the recent crash. Bitcoin Cash [BCH] has been overshadowed by its more popu...
Roku says it ‘does not know’ how much of its cash it will be able to recover from SVB
Streaming platform Roku Inc. ROKU, -0.88% on Friday said it “does not know” to what extent it would be able to recover the cash it has deposited with the recently-failed Silicon Valley Bank. Roku said...
I’ll be 60, have $95,000 in cash and no debts — I think I can retire, but financial seminars ‘say otherwise’
I will be 60 in September, have $95,000 in cash, work part time ($30,000 yearly) for insurance and contribute 10% plus the employer match of 8% to a small 401(k). My home and car are paid for, I don’t...
SVB Races to Avoid Bank Run as Funds Advise Pulling Cash
Panic spread in tech circles about the financial health of Silicon Valley Bank, a major lender to fledgling companies, as the firm said Thursday it was holding a $2.25 billion share sale after a signi...
Alameda Research to Sell Sequoia Interest to Abu Dhabi Sovereign Wealth Fund for $45M in Cash
FTX’s sister trading firm Alameda has agreed to sell its interest in Sequoia Capital to a UAE-based entity. Alameda Research appears set to sell its interest in Sequoia Capital to Abu Dhabi for $45 m...
Bitcoin Cash Price Analysis: Bears In Control Below $120
Bitcoin cash price started a fresh decline from the $125 zone against the US Dollar. The price is now trading below the $120 zone and the 55 simple moving average (4-hours). There is a key bearish tre...
Rivian Stock Hits All-Time Low After Announcement Of Cash Raise
Images/LightRocket via Getty Images) LightRocket via Getty Images Key Takeaways Rivian stock was down 14.54% on the news that it would be issues convertible notes to raise an additional $1.3 billion i...
FTX lawyers cash in big – Here is how much they make – Cryptopolitan
The legal and consulting teams working on FTX’s bankruptcy case billed the crypto exchange a staggering $34.18 million in January, according to court documents. This comes as no surprise as the case i...
Cash Cows ETF Is a Rare Breakout Star
Every few years, an ETF that no one’s heard of catches fire. A decade ago, it was the WisdomTree Japan Hedged Equity ETF (DXJ) and the WisdomTree Europe Hedged Equity Fund (HEDJ); a few years after th...
FTX CEO billed $305,000 for February, bankruptcy lawyers cash in too
New FTX CEO John Ray III had a profitable February, with a payday of $305,000 according to new documents released to the public. Attachment 1 of document 811 filed by Kroll — the firm overseeing the F...
Immutable “Quietly” Looks to Raise Cash Following Job Cuts: Report
Australian startup Immutable, creator of Ethereum Layer-2 project ImmutableX, is reportedly trying to sell a certain amount of its IMX tokens to private investors via a related entity. Digital Worlds ...
Tornado Cash dev launches ‘regulatory compliant’ crypto mixer
Former Tornado Cash developer, Ameen Soleimani, has now developed a new mixing service called Privacy Pools to address a critical flaw of the sanctioned crypto mixer. In cryptocurrency, privacy is a t...
New Sweeps Cash Casino with Crypto & Bitcoin Coins
Stake.us is a popular crypto sweepstakes online casino. By creating an account, you can enjoy instant access to a range of free-to-play games, including Stake Originals. You will also be able to take ...
Tornado Cash dev says ‘sequel’ to crypto mixer aims to be regulator-friendly
A former Tornado Cash developer claims to be building a new crypto mixing service that aims to solve a “critical flaw” of the sanctioned crypto mixer —which he hopes will convince U.S. regulators to r...
Lordstown Motors (RIDE) Q4 2022 results, EV deliveries, cash
Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio, on Saturday, May 15, 2021. Dustin Franz | Bloomberg | Getty Images Lordstown Motors said Monday that it still had more than $220...
Is Privacy Pools the Upgraded Version of Tornado Cash?
The early contributor of Tornado Cash built a new crypto mixer called Privacy Pools that addresses the regulators’ concerns. Ameen Soleimani, one of the early contributors to Tornado Cash, claims to h...
Will Bola Tinubu Uplift Nigeria from Crippling Cash Shortages?
Bola Tinubu has been elected as the President of Nigeria. He takes up the position after Muhammadu Buhari under whose administration the country witnessed riots and inflation. The new President is exp...
Billionaire Charlie Munger Reveals Why Berkshire Hathaway has an $88 Billion Pile of Cash
The S&P 500 dipped by 19% in 2022, but stocks still don’t seem cheap to Charlie Munger, Warren Buffett’s billionaire partner at Berkshire Hathaway. “In my whole adult life, I have never hoarded ca...
Bitcoin-friendly Cash App integrates TaxBit amid tax-filing season
Mobile payments processor Cash App has integrated crypto tax and accounting software TaxBit into its services, giving Bitcoin (BTC) holders a more streamlined approach to reporting their taxes. As of...
Which Cryptos Are Going to the Moon in 2023? Analysts Say It Will Be Shiba Inu (SHIB), Bitcoin Cash (BCH) or Orbeon Protocol (ORBN) – Cryptopolitan
The cryptocurrency market is on the rise again with many investment and innovation options available today. The question, however, is which cryptos will explode in 2023? Well, according to analysts, ...
How Hard is it for Stablecoin Issuers To Cash Out Billions?
Stablecoin issuer Paxos Trust, under pressure from US regulators, must be able to honor potentially billions in redemptions in the year ahead. That raises questions about whether the firm — and, for t...