billion

Bolt backs off $1.5 billion Wyre deal: Axios

Bolt backs off $1.5 billion Wyre deal: Axios

One-click checkout company Bolt backed out of a $1.5 billion dollar acquisition of crypto payment provider Wyre, Axios first reported. When it was announced, it was one of the largest non-SPAC crypto acquisitions. However, the cash-and-stock deal fell apart following apparent investor wariness over the one-click checkout business model and Bolt’s $11 billion valuation …

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Circle discloses $55.7 billion worth of cash, Treasury reserves

Circle discloses $55.7 billion worth of cash, Treasury reserves

Circle issued its first monthly report closely detailing reserves for its US-dollar backed stablecoin, showing $55.7 billion in cash and three-month US Treasury securities at the end of June.  The fintech company, best known for its dollar-pegged stablecoin, USDC, disclosed in the unaudited report that it is holding $13.58 billion in cash at regulated …

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Hacker asks for 10 bitcoin for allegedly stolen data of a billion Chinese citizens

Hacker asks for 10 bitcoin for allegedly stolen data of a billion Chinese citizens

Hackers are selling personal records of Chinese citizens stolen during a cybersecurity breach that allegedly targeted a database of Shanghai National Police (SHGA). The security breach, which occurred sometime in 2022, exposed the personal data of over 1 billion Chinese citizens. The information has now been put it up for sale on both the …

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Almost $4 billion in Bitcoin miner loans coming under stress, Bloomberg says

Almost $4 billion in Bitcoin miner loans coming under stress, Bloomberg says

Bitcoin’s decline is making it more difficult for some miners to repay as much as $4 billion in loans that are backed by their equipment, Bloomberg reported on Friday. Analysts say an increasing number of loans are underwater, as many of the mining rigs that lenders accepted as collateral have halved in value, along …

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Loopring [LRC]: $5 billion trading volume milestone can have these repercussions

Loopring [LRC]: $5 billion trading volume milestone can have these repercussions

LRC is among the biggest gainers after rallying by more than 27% over the last seven days while most of the top cryptocurrencies were stuck in a narrow range. The rally comes amid an important loopring development but it looks like it might be due for some more upside thanks to a major milestone this …

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Half a billion SHIB locked in dead wallets- Decoding what it means for investors

Half a billion SHIB locked in dead wallets- Decoding what it means for investors

In April Shiba Inu introduced a burning portal allowing holders to permanently destroy their tokens. This was aimed at reducing the circulating supply while also enabling users to receive passive income. Since then, more than billions of such tokens exited circulation. In fact, a week ago, over 1.4 billion tokens were burnt in over 160 …

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Report: With over $47 billion in 'realized' crypto gains, this nation leads the pack

Report: With over $47 billion in ‘realized’ crypto gains, this nation leads the pack

The race for greater crypto adoption often leads to competition between so-called developed countries and developing countries. While economies in which crypto helps unbanked people often see high levels of adoption, residents in the Global North enjoy easier – and often, legal – access to crypto-based services. However, according to a study by Chainalysis, one …

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BitConnect founder indicted for alleged $2.4 billion Ponzi scheme

BitConnect founder indicted for alleged $2.4 billion Ponzi scheme

advertisement A federal grand jury has indicted BitConnect founder Satish Kumbhani with allegedly defrauding $2.4 billion through the crypto Ponzi scheme. The US Department of Justice announced on Friday that a San Diego federal grand jury had charged Kumbhani with conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodity price manipulation, operation of …

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FTX is creating an NFT-focused sports and entertainment marketplace

FTX moves into $300 billion luxury fashion industry with new hire

Crypto exchange FTX has appointed beauty entrepreneur Lauren Remington Platt as its head of global luxury partnerships, a newly-created position.  With a decade of experience, Platt is the founder of Vensette, an on-demand beauty company where she launched partnerships with brands like Michael Kors, Vogue, and Saks 5th Avenue to bring pre-vetted makeup and hair experiences …

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