Category: Billions
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Celsius demands billions of dollars from Tether: What’s going on
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Bankrupt lending platform Celsius has filed a lawsuit against Tether, demanding 39,542 BTC. according to LawsuitThe amount was collateral for a loan from the issuer of the Tether (USDT) stablecoin. Tether requested more collateral after the price of Bitcoin (BTC) fell in early 2022. Celsius agreed to Tether’s request, but…
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Bill Gates is ready to plow billions into his startup’s nuclear plant
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Bill Gates said he is ready to pump billions of dollars into a next-generation nuclear power plant project in Wyoming to meet the United States’ growing electricity needs. TerraPower LLC, a startup founded by Gates, began construction on its first commercial reactor last week in Wyoming, where a coal plant…
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Tesla shareholder sues Musk to return billions in alleged unlawful profits By Reuters
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WILMINGTON, Del. (Reuters) – Elon Musk made billions of dollars by selling Tesla Inc (NASDAQ:) shares using inside information, an institutional shareholder charged in a lawsuit filed on Tuesday is asking a court to direct the Tesla CEO to return “unlawful profits.” Legal”. “ The lawsuit comes two days before…
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State invests housing levy billions in Treasury bonds absorption
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The government is investing Sh20 billion raised from the affordable housing levy in treasury bills and bonds, indicating a low absorption rate of funds allocated to build cheaper homes for low- and middle-income families. Bonds are medium to long-term government securities and purchasing them indicates that the government is collecting…
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Crypto Institutions Gobble Up Billions In Bitcoin ETFs, Stockpiling 250,000 BTC
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Things are starting to turn around in the world of cryptocurrencies, with institutional investors having great success with Bitcoin exchange-traded funds (ETFs), while retail investors seem content to remain on the sidelines. A recent report from IntotheBlock paints a picture of a two-tiered market, with hedge funds and even pensions…
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Genesis Global can distribute billions to creditors: judge
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Genesis Global, the digital asset lender that went bankrupt last year, has won court approval to pay billions in cash and cryptocurrencies to creditors. according to BloombergOn May 17, Southern District of New York Judge Shawn Lin confirmed Genesis’ Chapter 11 repayment plan, including the structure for returning crypto assets…
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Genesis Global can distribute billions to creditors: judge
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Genesis Global, the digital asset lender that went bankrupt last year, has won court approval to pay billions in cash and cryptocurrencies to creditors. according to BloombergOn May 17, Southern District of New York Judge Shawn Lin confirmed Genesis’ Chapter 11 repayment plan, including the structure for returning crypto assets…
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Bankrupt crypto lender Genesis gets OK to return billions in tokens and cash to creditors, meaning parent firm DCG ‘is out of the money’
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Bankrupt cryptocurrency bank Genesis Global Capital has won court approval for its plan to distribute billions of dollars in digital assets and cash to creditors, overcoming a legal ruling. challenge It was introduced by the company’s parent cryptocurrency group. Judge Sean Lin said late Friday that he will confirm Genesis’…