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Tether mints another $1B USDT on Tron network

Author: Cointelegraph by Ezra Reguerra
United States
Aug 21, 2024 12:00

Tether mints another $1B USDT on Tron network

Tether mints $1 billion USDT on Tron, pushing its total tokens minted in the last year to 33 billion.

Bitcoin network celebrates 1 billion transactions as a Satoshi-era wallet awakens

Author: Oluwapelumi Adejumo
United States
May 07, 2024 01:10

Bitcoin network celebrates 1 billion transactions as a Satoshi-era wallet awakens

Bitcoin network processed its one billionth transaction 15 years after it mined its genesis block in January 2009. Notably, the network achieved this milestone the same day a Satoshi-era Bitcoin address came to life. 1 billion transactions According to data from the Bitcoin dashboard on Clark Moody, the network processed its one billionth transaction in […]

The post Bitcoin network celebrates 1 billion transactions as a Satoshi-era wallet awakens appeared first on CryptoSlate.

Jul 31, 2023 10:30

SEC Files Lawsuit Against Richard Heart and Companies Hex, Pulsechain, and Pulsex

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit Friday against Richard Schueler, known as Richard Heart, and his companies Hex, Pulsechain, and Pulsex, alleging they raised more than $1 billion through unregistered securities offerings. SEC Lawsuit Accuses Richard Heart of Running Unregistered Securities Offerings The SEC complaint alleges that beginning in December 2019, [...]

The post SEC Files Lawsuit Against Richard Heart and Companies Hex, Pulsechain, and Pulsex appeared first on Crypto Breaking News.

May 28, 2023 10:30

Burning Metrics: Ethereum Burns 3.33 Million Ether Valued at $6.1 Billion in 21 Months

In the past 21 months following Ethereum’s London hard fork, the network has witnessed the destruction of over 3.33 million ether, valued at $6.1 billion. At present, roughly 3.51 ether is burned every single minute. Standing out as a prominent participant in the burn process since August 5, 2021, just below conventional ETH transfers, is [...]

The post Burning Metrics: Ethereum Burns 3.33 Million Ether Valued at $6.1 Billion in 21 Months appeared first on Crypto Breaking News.

Bankman-Fried‘s FTX seeks $1 billion in new fundraising: report

Author: noreply@blogger.com (Unknown)
United States
Sep 22, 2022 02:50

Bankman-Fried‘s FTX seeks $1 billion in new fundraising: report

FTX, one of the leading cryptocurrency exchanges in the crypto industry today, is looking to flex its muscles even further with plans for new acquisitions.

But first, the Sam Bankman-Fried led crypto company needs to bring in new funding – which according to the latest news reports, is a new $1 billion round from big money investors.

A CNBC report early Thursday quotes sources as saying that FTX is discussing the potential investment with key investors and seeks a fundraising round that places the exchange’s valuation at par with previous financing.

In January this year, Invezz highlighted FTX’s $400 million Series C funding round that saw its valuation rise from $25 billion to $32 billion. Investors in the round, who also backed FTX’s US-regulated affiliate FTX US in a similar $400 million round at a valuation of $8 billion, included Singapore’s Temasek, Tiger Global and SoftBank’s Vision Fund 2.

FTX eyes fresh growth

After splashing the cash despite the crypto winter in 2022, where FTX went on an acquisition spree as rivals floundered, Bankman-Fried’s company wants to expand even more.

As noted in the CNBC report, the exchange is eyeing fresh capital injection to ink other deals across the cryptocurrency and blockchain landscape.

The company has this year completed deals for Bitvo, Embed and Liquid and has an agreement in place to acquire crypto lender BlockFi – for which it extended a credit facility as the crypto winter bit. The company is also among those looking to acquire assets of bankrupt crypto lender Voyager.

FTX saw its revenue skyrocket in 2021, with the crypto bull market helping the exchange’s net income increase from $17 million in 2020 to over $388 million last year.

The post Bankman-Fried‘s FTX seeks $1 billion in new fundraising: report appeared first on Invezz.



from Cryptocurrency – Invezz

Apr 01, 2022 07:55

Ripple Unlocks Another 1 Billion XRP Today, Price Drops By 6%

Continuing its programmed injection of more coins into circulation, Ripple has once again withdrawn 1 billion XRP at a price of $811.39 million.

Continue reading Ripple Unlocks Another 1 Billion XRP Today, Price Drops By 6% at DailyCoin.com.

May 09, 2023 10:30

Meme Token PEPE Plunges Below $1 Billion Mark Amidst Market Decline

The recently launched meme token, inspired by Pepe the Frog and dubbed PEPE, experienced a 12% decline against the U.S. dollar on Tuesday, plummeting its market valuation beneath the $1 billion threshold to a present $790 million. Concurrently, the total meme coin sector faced a 7% loss against the dollar, with the top six prominent [...]

The post Meme Token PEPE Plunges Below $1 Billion Mark Amidst Market Decline appeared first on Crypto Breaking News.

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