Category: billion
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Hong Kong Bitcoin ETFs Hits HK $2 Billion in AUM
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The three Hong Kong-based bitcoin ETFs have over HK$2 billion (about US$272 million) in assets under management since their launch earlier this year. New: ?? Hong Kong #Bitcoin ETF assets exceeded HK$2 billion in assets under management. China is getting ready ? pic.twitter.com/GQZC1Z5UFC — Bitcoin Magazine (@BitcoinMagazine) August 26, 2024…
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Algorand Achieves New Record With 2 Billion Transactions, ALGO Price Jumps 14%
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In a recent report analyzing the second quarter performance of layer-1 (L1) blockchain network Algorand (ALGO), data analytics firm Messari highlighted several notable milestones the network achieved during the period, with a record number of transactions being one of the most notable. Rapid network growth One of the main metrics…
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Media veteran Bronfman raises bid for Paramount takeover to $6 billion, source says By Reuters
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(This story, originally published on August 21, has been resubmitted to correct RedBird’s writing style, in paragraph 8.) LOS ANGELES (Reuters) – Veteran businessman Edgar Bronfman has sharpened his bid for Paramount Global Inc. with a $6 billion offer for the controlling stake in National Amusements Inc. and a minority…
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TD Bank swings to quarterly loss on $2.6 billion provision tied to US probe
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(Reuters) – TD Bank Inc posted a quarterly loss on Thursday after Canada’s second-largest bank set aside C$3.57 billion ($2.63 billion) for fines related to U.S. regulatory probes into its anti-money laundering program. The U.S. regulatory investigations into the bank have been a major drag on TD shares over the…
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Binance Prevents $2.4 Billion In Potential Losses From Scams
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Cryptocurrency exchange Binance announced Tuesday that it has prevented more than $2 billion in potential losses from fraud and scams since January 2024. The exchange highlighted risk management measures and a “proactive approach” as key to keeping its more than 1 million users’ funds safe from fraudulent activity. Binance Prevents…
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Binance Prevents $2.4 Billion In Potential Losses From Scams
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Cryptocurrency exchange Binance announced Tuesday that it has prevented more than $2 billion in potential losses from fraud and scams since January 2024. The exchange highlighted risk management measures and a “proactive approach” as key to keeping its more than 1 million users’ funds safe from fraudulent activity. Binance Prevents…
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Walmart Is Seeking Up to $3.74 Billion in Sale of JD.com Stake
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(Bloomberg) — Walmart Inc. is seeking to raise as much as $3.74 billion by selling its stake in Chinese e-commerce company JD.com, ending an eight-year partnership in a retail powerhouse now struggling with an economic slowdown and intense competition. Most Read from Bloomberg The U.S. retailer is offering 144.5 million…
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Eurozone June current account balance €51.0 billion vs €36.7 billion prior
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Rebuilding Gaza Could Take Over $80 Billion, Global Cooperation
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Breadcrumb Trail Links PMN Business On today’s Big Take podcast: a look at the international cooperation — and money — it would take to rebuild Gaza. Author of the article: Bloomberg News Julia Press and Sarah Holder Published Aug 19, 2024 • 10 minute read You can save this article…
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300 Billion Reasons to Buy Nvidia Stock Now
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Nvidia (NASDAQ: NVDA) Apple shares have fallen from their June peak as the stock market appears to be debating the future of the AI boom. Some investors believe the rally was overdone because the new technology has yet to produce a “breakthrough app” or cause any major disruption to the…
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Rising Prices, Rising Risks: Crypto Hacks Skyrocket To $1.6 Billion, Report
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Cryptocurrency investors and platforms face a growing threat as the value of cryptocurrency hacks nearly doubled in the first seven months of 2024, reaching $1.6 billion, According to According to a new report from blockchain analytics firm Chainalysis. Cryptocurrency Theft Will Rise Dramatically in 2024 While the monetary value of…
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Rising Prices, Rising Risks: Crypto Hacks Skyrocket To $1.6 Billion, Report
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Cryptocurrency investors and platforms face a growing threat as the value of cryptocurrency hacks nearly doubled in the first seven months of 2024, reaching $1.6 billion, According to According to a new report from blockchain analytics firm Chainalysis. Cryptocurrency Theft Will Rise Dramatically in 2024 While the monetary value of…
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Mars to boost snack portfolio in mega $36 billion deal for Pringles maker Kellanova By Reuters
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Written by Anirban Sen and Savita Mishra (Reuters) – Family-owned candy giant Mars Inc is buying Cheez-It maker Kellanova in a deal worth about $36 billion, combining consumer food brands from M&M’s and Snickers to Pringles and Pop-Tarts in one of the industry’s biggest deals. Mars Inc. said on Wednesday…
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Three Arrows Demands $1.3 Billion From Bankrupt Terraform Labs
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TerraForm Labs, the mastermind behind the controversial TerraUSD and LUNA coins, is now said to have been the target of a malicious attack. Three Arrows Files $1.3 Billion Lawsuit Capital (3AC) is trying to offset the damage caused by the catastrophic collapse of digital assets in May 2022. Once a…
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Three Arrows Demands $1.3 Billion From Bankrupt Terraform Labs
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TerraForm Labs, the mastermind behind the controversial TerraUSD and LUNA coins, is now said to have been the target of a malicious attack. Three Arrows Files $1.3 Billion Lawsuit Capital (3AC) is trying to offset the damage caused by the catastrophic collapse of digital assets in May 2022. Once a…
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El Salvador Seals $1.6 Billion Deal To Bring Bitcoin City To Life
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El Salvador is making headlines again as it embarks on a historic investment to renovate its port infrastructure, paving the way for an ambitious vision for a Bitcoin city. Yilport Holdings, owned by a Turkish company, Invested a whopping $1.6 billion In order to renovate and modernize two ports: Acajutla…
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El Salvador Seals $1.6 Billion Deal To Bring Bitcoin City To Life
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El Salvador is making headlines again as it embarks on a historic investment to renovate its port infrastructure, paving the way for an ambitious vision for a Bitcoin city. Yilport Holdings, owned by a Turkish company, Invested a whopping $1.6 billion In order to renovate and modernize two ports: Acajutla…
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US federal budget deficit for July -$244.00 billion versus -$242.00 billion estimate
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US budget deficit in July: $244 billion, up 10% from a year earlier. The revised deficit would be $45 billion lower due to calendar differences. The deficit increase was mainly due to lower spending on benefits in July. Receipts and Expenses July revenue: $330 billion, up 20% year-over-year; adjusted increase:…
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Synopsys’ $35 billion Ansys deal under UK regulator scrutiny By Reuters
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The UK’s competition watchdog said on Monday it was examining whether Synopsys (NASDAQ: )’s $35 billion takeover of ANSYS (NASDAQ: ) chip design software maker would affect competition in Britain. The Competition and Markets Authority has not yet launched a formal investigation into the deal. Context In January, Synopsys, a…
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Celsius Sues Tether, Demanding $2.4 Billion Over BTC Liquidation!
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Image source altcoindaily The cryptocurrency industry has seen its fair share of legal battles, and the most recent high-profile dispute in the cryptocurrency industry involved struggling companies. Centennial In a surprising turn of events, Celsius has filed a lawsuit against Tether in U.S. bankruptcy court, accusing it of misappropriating its…