Category: billion
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Bankrupt Crypto Lender Genesis to Repay $3 Billion to Creditors
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US Bankruptcy Judge Sean Lin approved Genesis Global’s Chapter 11 liquidation plan on Friday, enabling the bankrupt cryptocurrency lender to return nearly $3 billion in cash and cryptocurrencies to its creditors. This ruling means that the parent company, Digital Currency Group (DCG), will not recover anything from the bankruptcy proceedings.…
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Genesis Hits the Wall with $2 Billion Settlement, Shown the Door in New York
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Fmas: 24 | catch a glance Fmas: 24 | catch a glance Fmas: 24 | catch a glance Fmas: 24 | catch a glance Fmas: 24 | catch a glance Vmas: 24 | catch a glance Here’s a sneak peek at FMAS:24’s vibrant atmosphere! Join us at Africa’s premier financial…
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Auto theft crisis deepens as insurance claims top $1.5 billion
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Article content Canada’s auto theft crisis is worsening, with insurance claims costs exceeding $1.5 billion for the first time. New data from the Insurance Bureau of Canada (IBC) shows insurance providers handled 49,679 claims related to stolen vehicles in 2023, with costs exceeding $1.54 billion for the year. Overall, the…
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Toncoin: $1 Billion Whale Activity Shakes Up Price
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Despite a recent surge in activity from large investors, often referred to as “whales,” the price of Toncoin (TON) appears to be headed toward more choppy waters. This comes at a time when analysts are raising concerns about the weakness of the cryptocurrency’s technical indicators and the possibility of it…
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Genesis Gains Court Approval For $3 Billion Repayment Plan
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Bankrupt cryptocurrency bank Genesis Global Capital has received court approval to begin a $3 billion repayment plan for its creditors. This decision comes with the revelation that Digitalcurrency Group (DCG), Genesis’ parent company, will not recover any value from the bankruptcy payout plan. US court upholds Genesis and rejects DCG’s…
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Genesis Gains Court Approval For $3 Billion Repayment Plan
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Bankrupt cryptocurrency bank Genesis Global Capital has received court approval to begin a $3 billion repayment plan for its creditors. This decision comes with the revelation that Digitalcurrency Group (DCG), Genesis’ parent company, will not recover any value from the bankruptcy payout plan. US court upholds Genesis and rejects DCG’s…
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Client Assets on Saxo Hit DKK 800 Billion
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Saxo Bank announced today (Friday) that client assets on its platform have reached 800 billion Danish kroner (about 116.1 billion US dollars), a record for the Danish broker, which has more than 1.2 million clients globally. Huge surge in customer assets The broker was founded in 1992, and it took…
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$5.1 Billion Pension Fund CIO Joins Non-profit Organization Focused on Bitcoin Adoption
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Today, Proof of the Workforce Foundation, a 501(c)(4) tax-exempt non-profit, announced the addition of two distinguished members to its board of directors: Ajit Singh and Rafael Zagori, according to a press release sent to Bitcoin. magazine. The duo is brought on to further the foundation’s mission of promoting meaningful, education-based…
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Istanbul Pushes Ahead With IPO Plan for $10 Billion Gas Grid
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Breadcrumb links PMN works Istanbul authorities are reviving a plan to privatize the city’s gas network in what could be one of Turkey’s largest initial public offerings ever. Article writer: Bloomberg News Erkan Ersoy Posted on May 16, 2024 • 2 min read You can save this article by registering…
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$2 Billion In Spot Bitcoin ETFs: Millennium Management Reveals Investment In SEC Filing
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In new disclosureInvestment management firm Millennium Management revealed that it owns nearly $2 billion in spot Bitcoin ETFs. This was revealed by the SEC 13F-HR Institutional Investment Manager Holdings Report filed today, and confirms the growing interest and investment in Bitcoin ETFs by major institutional players. JUST IN: ??Millennium Management…
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Amazon to announce new 1.2 billion euros investment in France By Reuters
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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some or all of your investment amount, and may not be suitable for all investors. Cryptocurrency prices are highly volatile and may be affected by external factors such as financial, regulatory or political events.…
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A $600 Billion Wall of Debt Looms Over Market’s Riskiest Stocks
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Breadcrumb links BMN Business US small-cap stocks are as cheap as they have been in decades, but with a debt mountain of more than half a trillion dollars looming over the next five years, it will take a big risk-off signal from the Federal Reserve to attract investors. Article writer:…
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Meet the Stock-Split Stock That Makes Up 23% of Billionaire Bill Ackman’s $11 Billion Portfolio
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When it comes to hedge fund managers, Bill Ackman is in a class by himself. He etched his name in Wall Street history by bucking hedge fund norms, acquiring large stakes in a few companies, and holding them for the long term. Furthermore, as a well-known activist investor, he sometimes…
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Bankrupt Crypto Exchange FTX Lines Up $16 Billion To Repay Creditors
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bankrupt cryptocurrency exchange, FTX he have unveil A new payment plan aimed at Payment of creditors And clients are offering billions in compensation for the time value of their investments. FTX fully compensates clients In a press release on May 7, FTX a statement It will pay 98% of its…
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Investment Firm Discloses Over $1.8 Billion in Bitcoin ETF Holdings in SEC Filing
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Susquehanna International Group, LLP (SIG), a global trading, technology and investment firm, disclosed that it owns more than $1.8 billion worth of Bitcoin exchange-traded funds (ETFs) through a 13F-HR filing with the Securities and Exchange Commission (SEC). ), provides a detailed analysis of SIG’s investment portfolio. Deposit reveal The investment…
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US treasury to auction off $58 billion of 3-year notes at the top of the hour
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The US Treasury will sell US$58 billion of the three notes at the end of the hour. The results will be compared to six-month averages of the main components of the aggregate demand measure. Key components and their six-month averages and widths: Tail: 6-month average 0.1 basis point. Previous auction…
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France March trade balance -€5.5 billion vs -€5.2 billion prior
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Bitcoin Network’s Historic Milestone: Surpassing 1 Billion Transactions
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The cryptocurrency scene celebrated a major milestone as the Bitcoin network processed its billionth transaction, a moment confirmed by esteemed Bitcoin dashboard, Clark Moody. This landmark event highlights the growing maturity of the network and the widespread adoption of cryptocurrencies as the world’s leading digital assets. Spanning more than 15…
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Bitcoin Network Tops 1 Billion In Total Transactions Processed
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The Bitcoin network has reached a major milestone, processing its billionth transaction yesterday. This milestone comes 15 years and 4 months after the Bitcoin genesis block was mined on January 3, 2009. just in: #Bitcoin It has officially processed over 1 billion transactions. pic.twitter.com/bFbSW5NEAW – Bitcoin Magazine (@BitcoinMagazine) May 5,…
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Coutts Shifts £2 Billion from UK Stocks to Overseas Funds, Sparking Concerns Amidst Market Uncertainty
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Coutts Bank, the royal family’s favorite bank, has sparked controversy by diverting nearly £2 billion of client money from the London stock market to invest in overseas projects. The move by the private bank, which serves tens of thousands of wealthy clients, involves reducing allocations to UK stocks in six…