Category: billion
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Celsius Drags Tether To Court In $3.5 Billion Legal Showdown
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Celsius, a cryptocurrency lender, has filed a lawsuit against Tether, accusing it of misappropriating assets. The move comes amid the cryptocurrency company, which filed for bankruptcy in 2022,’s latest attempt to recover billions of dollars in funds for creditors. Why is Celsius asking for over $3.5 billion from Tether? Bankrupt…
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UK Government cancels £1.3 billion AI and tech funding amid economic tightening
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In a major policy shift, the UK government has cancelled £1.3bn in funding for research and development into artificial intelligence and technology, as part of wider efforts to stabilise the economy. The funding, initially promised by the previous Conservative government, was intended to boost the UK’s position as a global…
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USDT Soars To $115 Billion Market Cap As Tether Sets New Record
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Tether’s USDT has crossed another important milestone in Market capitalization The value of the stablecoin has surpassed $115 billion. This achievement is evidence of the fact that stablecoins have tremendous market appeal, especially during periods of high volatility when users rush to safer crypto assets. USDT has become an indispensable…
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USDT Soars To $115 Billion Market Cap As Tether Sets New Record
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Tether’s USDT has crossed another important milestone in Market capitalization The value of the stablecoin has surpassed $115 billion. This achievement is evidence of the fact that stablecoins have tremendous market appeal, especially during periods of high volatility when users rush to safer crypto assets. USDT has become an indispensable…
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US Judge Orders FTX, Alameda To Pay A Staggering $12.7 Billion To Creditors
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FTX ruling issued. US District Judge Peter Castel agreed to $12.7 billion deal This requires the failed FTX exchange and its sister trading company, Alameda Research, to pay off their debts. On August 7, 2024, a ruling was issued ending a protracted legal dispute with the U.S. Commodity Futures Trading…
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US Judge Orders FTX, Alameda To Pay A Staggering $12.7 Billion To Creditors
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FTX ruling issued. US District Judge Peter Castel agreed to $12.7 billion deal This requires the failed FTX exchange and its sister trading company, Alameda Research, to pay off their debts. On August 7, 2024, a ruling was issued ending a protracted legal dispute with the U.S. Commodity Futures Trading…
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Paramount reports first quarter of streaming profits, plans 15% layoff and takes $6 billion charge on cable business
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Paramount Global (PARA) on Thursday reported a profit in its streaming division for the first time while its linear TV business posted a sharper-than-expected slowdown as the company took a nearly $6 billion loss in the value of its cable business. In a conference call, the company also announced plans…
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Paramount reports first quarter of streaming profits, plans 15% layoff and takes $6 billion charge on cable business
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Paramount Global (PARA) on Thursday reported a profit in its streaming division for the first time while its linear TV business posted a sharper-than-expected slowdown as the company took a nearly $6 billion loss in the value of its cable business. In a conference call, the company also announced plans…
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Michael Saylor Announces He Owns $1 Billion In Bitcoin Personally
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In a recent interview with Bloomberg, Michael Saylor, CEO and co-founder of MicroStrategy, revealed that beyond his company’s holdings, he personally owns at least 17,732 bitcoins, currently valued at about $1 billion. Saylor reiterated his commitment to bitcoin, saying, “I haven’t sold any bitcoins, and I continue to buy more…
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Bitcoin Attractive, US Fed To Soon Begin Adding $30 Billion Every Month: Will BTC Fly?
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While Bitcoin and major altcoins are stable at the time of writing, the sharp liquidation from the weekend through August 5th has caused a major shakeout. Billions of leveraged positions have been liquidated, and prices are under technical pressure despite the current stability. Global Liquidity Expected to Rise Rapidly: Will…
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Bitcoin Attractive, US Fed To Soon Begin Adding $30 Billion Every Month: Will BTC Fly?
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While Bitcoin and major altcoins are stable at the time of writing, the sharp liquidation from the weekend through August 5th has caused a major shakeout. Billions of leveraged positions have been liquidated, and prices are under technical pressure despite the current stability. Global Liquidity Expected to Rise Rapidly: Will…
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$1 Billion Crypto Fund Agaisnt FUD Annouced By Justin Sun
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Amid the crypto market downturn, rumors emerged that Tron founder Justin Sun’s positions had been liquidated. Sun denied the rumors and criticized the fear, uncertainty, and doubt in the community, pledging to create a fund to help the industry. Justin Sun denies liquidation rumors Over the weekend, the cryptocurrency market…
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$1 Billion Crypto Fund Agaisnt FUD Annouced By Justin Sun
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Amid the crypto market downturn, rumors emerged that Tron founder Justin Sun’s positions had been liquidated. Sun denied the rumors and criticized the fear, uncertainty, and doubt in the community, pledging to create a fund to help the industry. Justin Sun denies liquidation rumors Over the weekend, the cryptocurrency market…
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$1 Billion Crypto Fund Agaisnt FUD Annouced By Justin Sun
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Amid the crypto market downturn, rumors emerged that Tron founder Justin Sun’s positions had been liquidated. Sun denied the rumors and criticized the fear, uncertainty, and doubt in the community, pledging to create a fund to help the industry. Justin Sun denies liquidation rumors Over the weekend, the cryptocurrency market…
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$1 Billion Crypto Fund Agaisnt FUD Annouced By Justin Sun
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Amid the crypto market downturn, rumors emerged that Tron founder Justin Sun’s positions had been liquidated. Sun denied the rumors and criticized the fear, uncertainty, and doubt in the community, pledging to create a fund to help the industry. Justin Sun denies liquidation rumors Over the weekend, the cryptocurrency market…
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Grayscale ETH ETF Outflows Hit $2 Billion As Ethereum Price Struggles Below $3,000
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Ethereum’s price performance has been a major concern for investors over the past few weeks, as it has continued to trend downward. What makes the coin’s struggles even more worrying is that it has shown no signs of relief despite the recent launch of Ethereum-specific exchange-traded funds (ETFs) in the…
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Grayscale ETH ETF Outflows Hit $2 Billion As Ethereum Price Struggles Below $3,000
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Ethereum’s price performance has been a major concern for investors over the past few weeks, as it has continued to trend downward. What makes the coin’s struggles even more worrying is that it has shown no signs of relief despite the recent launch of Ethereum-specific exchange-traded funds (ETFs) in the…