Category: billion
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AI Tokens Market Cap Rebounds By Nearly 80% To $32 Billion
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The cryptocurrency market has been volatile in recent months, with the overall market cap of Bitcoin and other cryptocurrencies seeing significant fluctuations. Amidst this turbulent landscape, there has been a surprising recovery in the AI and Big Data tokens sector. According to the latest data from coinmarketcap, the market cap…
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PM says Ukraine needs extra $15 billion to cover 2025 budget gap By Reuters
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KIEV (Reuters) – Ukraine needs an additional $15 billion to cover its budget deficit in 2025, Prime Minister Denys Shmyhal said on Tuesday. He said Ukraine estimates the total budget deficit for next year at about $35 billion, with plans to cover $20 billion. The Ukrainian government estimates the deficit…
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PDD’s $55 billion stock crash sends warning on Chinese economy
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(Bloomberg) — One of the last remaining bright spots in Chinese consumption is fading fast, as the country’s economic malaise saps demand for even the most accessible goods. Most Read from Bloomberg In the latest warning to global markets about the health of China’s economy, Temu owner PDD Holdings (PDD)…
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Trintech’s owners explore $2 billion sale of financial software maker, sources say By Reuters
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Milan city win (Reuters) – Private equity firms Summit Partners and Vista Equity Partners are exploring a potential sale of financial software company Trintech, which could value the company at about $2 billion including debt, people familiar with the matter said. Trintech’s owners are working with investment bankers at Deutsche…
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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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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…