The U.S. Securities and Exchange Commission (SEC) has charged Terraform Labs and its CEO, Do Hyeong Kwon, with fraud, alleging that Kwon and his company orchestrated “a multibillion-dollar crypto-asse...
Tag: MultibillionDollar
One of Wall Street’s most feared short-selling research firms just accused Asia’s richest man of a multibillion-dollar fraud
Asia’s wealthiest person saw his fortune take a hit on Wednesday, after a famed U.S. short-seller accused him of “pulling the largest con in corporate history.” In a report published on Tuesday, Hinde...
DraftKings Shares Spike On Reports Of Multibillion-Dollar Deal With ESPN—Here’s Why It’s A Big Deal For Disney
Topline ESPN and DraftKings are nearing a deal on an exclusive brand partnership, Action Network and Bloomberg reported Thursday night, sending the sports betting company’s stock surging and potential...
Tesla Short Scott Burg Makes Multibillion-Dollar Bet Against Elon Musk’s Firm
(Bloomberg) — While Elon Musk has plenty of Wall Street detractors, Scott Burg may be the first distressed-bond manager to make a multibillion-dollar options bet that Musk’s Tesla Inc. will be “...
Is Multibillion-Dollar Hedge Fund Three Arrows Next to Unravel? Here’s What’s Going On
Something’s amiss at Singapore-based crypto hedge fund Three Arrows Capital, but it’s not yet clear whether that means the firm is insolvent, as the rumors spreading across the cryptosphere suggest. T...
Multibillion-Dollar Loot Box Industry Under Fire As Campaigners Urge Regulators To Investigate FIFA Video Game Maker
Topline A letter Thursday from several advocacy groups called for the Federal Trade Commission to investigate FIFA video game maker Electronic Arts over its loot box feature in games, a controversial ...
US SEC Charges Allianz Global Investors with Multibillion-Dollar Fraud
On Tuesday, the US Securities and Exchange Commission (SEC Securities and Exchange Commission (SEC) The Securities and Exchange Commission (SEC) is one of the most widely known independent authoriti...
The SEC Objects To MicroStrategy Accurately Valuing Their Multibillion-Dollar Bitcoin Stash
Since 2020, MicroStrategy has begun investing in bitcoin as a component of its capital allocation plan. Over 120,000 BTC are held by the firm. In the absence of its FASB’s crypto-specific regulations,...
Sanctions could hurt Russia’s multibillion-dollar crypto industry
Illuminated mining rigs operate inside racks at the CryptoUniverse cryptocurrency mining farm in Nadvoitsy, Russia. Bloomberg | Bloomberg | Getty Images Sanctions imposed on Russia over the country...
Amazon Signs Rocket Contracts With 3 Firms—Including Bezos’ Blue Origin—For Multibillion-Dollar Satellite Project
Topline Amazon on Tuesday announced it had signed on with three firms—including Blue Origin, a company founded by Amazon Executive Chair Jeff Bezos— to book 83 launches of its Project Kuiper internet ...
Allianz Fires Fund Managers After Multibillion-Dollar Blowup
(Bloomberg) — Most Read from Bloomberg Allianz SE dismissed two people responsible for managing a suite of hedge funds that allegedly lost investors billions of dollars and prompted probes by U....
Breaking down Bitcoin miner manufacturers’ multi-billion-dollar contracts for 2022
January 4, 2022, 2:44PM EST • 6 min read Quick Take Major Chinese Bitcoin miner manufacturers have been contracted to deliver at least 1 million units of ASIC miners in 2022. We break down their mark...