As of March 25, 2023, the U.S. government held 205,515 bitcoins worth $5.6 billion, which is approximately 1.06% of the circulating supply, according to current statistics. The cache of bitcoins is a result of three forfeitures that began in 2020. Glassnode’s on-chain data reveals that on March 9, about 9,860 BillionBitcoinGovernmentHolderNewsRemainsSeizedStashTopValued Read More
The Federal Reserve’s recent $393 billion balance sheet expansion may be linked to the ongoing bitcoin price rally and a growing distrust in the traditional banking system.
The Federal Reserve’s balance sheet has grown by an impressive $393 billion in just two weeks, which has led to speculation about the reasons BalanceBillionExpansionSheet Read More
African countries’ debts totaling more than $20 billion were written off in the past year, Russian President Vladimir Putin said on March 20. Putin also revealed that trade between Russia and Africa had nearly reached $18 billion by the end of the year. According to the Russian leader, the majority AfricaAfricanBillionBitcoinCountriescryptoexchangeDebtsExchangesNewsPutinRussiaTotalingVladimirWrote Read More
Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7 billion in crypto assets have been stolen since 2011. Last year, Crystal’s intelligence team documented 199 incidents resulting AssetsBillionBitcoinBlockchainCryptocryptoexchangeCrystalExchangesNewsRevealsStolenStudy Read More
According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its conglomerate of firms have debts of around $11.6 billion, including customer claims and BalanceBillionBitcoinDebtorsDiscrepanciesFinancialFTXHoleInsidersNewsPaymentsRevealSheet Read More
As the Fed intervenes in order to prevent a crisis in the US banking system, analysts answer whether the Fed has chosen to pivot from its quantitative tightening measures.
The banking crisis last week in the US pushed Wall Street to the edge giving glimpses of yet another 2008-like financial BalanceBillionCrisisEffortsFedMonetarySheetSwellstighteningVainWake Read More
Credit Suisse has experienced a loss of confidence in the financial institution’s health following a significant drop in its shares’ value this week. Over the past five days, Credit Suisse shares have fallen 24.34% against the U.S. dollar, eroding trust amid fears about the global banking system. On Wednesday at BailoutBankBillionBitcoinCreditFrancNationalNewsReceivesSuisseSwiss Read More
A class-action suit led by Edwin Garrison has been filed against “FTX influencers,” mostly on YouTuber, seeking $1 billion because they “promoted FTX crypto fraud without disclosing compensation.” The suit was filed March 15 in the Southern District of Florida Miami Division.Kevin Paffrath, Graham Stephan, Andrei Jikh, Jaspreet Singh, Brian AllegedBillionClassActionCryptoFaceFraudFTXInfluencersLawsuitPromotion Read More
Stripe has retained its entity as a privately owned enterprise over the past ten years, despite persistent speculations about an IPO.
Payment processor Stripe raised $6.5 billion at a $50 billion valuation, the firm announced, with a steep discount from its record valuation of $95 billion in 2021.
According to the press BillionRaiseStripeValued Read More
FTX made the transfers to SBF and others via the former CEO’s trading firm Alameda Research.
According to the new management of bankrupted crypto exchange FTX, $2.2 billion was transferred to SBF via various entities. In a press release, the company revealed that more than $3.2 billion was sent to Sam BillionFTXPaidSBF Read More