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But Fanatics’ CEO Michael Rubin wrote in the internal email that “Divesting our ownership stake at this time allowed us to ensure investors were able to recoup most of their investment via cash or additional shares in Fanatics – a favorable outcome for investors, especially in an imploding NFT market
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According to a new filing with the U.S. Securities and Exchange Commission, software analytics firm MicroStrategy said that it acquired 2,395 Bitcoins (BTC) at an average price of $17,181 for a total of $42.8 million during the period Nov. 1 and Dec. 21. Subsequent to the development, the company sold
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Bankrupt cryptocurrency exchange FTX used its own token, FTT, to fund the purchase of a majority stake in trading platform Blockfolio in 2020, Bloomberg reported Thursday. Original Source
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Berkshire Hathaway made its first move to acquire BYD shares after the global financial crisis of 2008, stacking up $230 million worth of the stock at the time at an average price of HK$8 ($1.02).American multinational conglomerate holding company, Berkshire Hathaway Inc (NYSE: BRK.A) has reduced its stake by offloading
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The shares of the London Stock Exchange were up by about 4% on Monday, showing investors a positive disposition to the Microsoft partnership.American multinational tech giant, Microsoft Corporation (NASDAQ: MSFT) has agreed to purchase as much as a 4% stake in the London Stock Exchange Group (LSEG). As reported by
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Nansen considers a wallet to be “smart money” if it is “historically profitable,” meaning it meets at least one of several conditions, including: making at least $100,000 by providing liquidity to decentralized finance (DeFi) protocol, SushiSwap and Uniwap, excluding so-called impermanent losses; having at least more than or equal to
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The bankruptcy proceedings of cryptocurrency exchange FTX have revealed many new aspects of its unethical practices. The latest revelation around its stake in one of the smallest United States banks from rural Washington has raised fresh concerns about its operations and alleged misuse of banking loopholes.Farmington State Bank in the
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Tesla CEO and Twitter chief Elon Musk has clarified that Sam Bankman-Fried, former CEO of collapsed crypto exchange FTX, does not own any stake in Twitter. This followed an article published by a Bankman-Fried-backed publication suggesting that Musk took $100 million from the former FTX executive. Elon Musk on SBF’s Alleged
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LayerZero currently has about $107 million in direct cash balance and $27 million in on-chain funds primarily in stablecoins for a total of $134 million. An additional $11.5 million was on FTX and used operationally, but LayerZero said it is treating this as $0 for “the sake of sanity” and
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Whether we like it or not, money is going digital – truly digital, not Zelle- or Venmo-on-banking digital – which means the age-old system through which human beings generate, record and exchange value is about to undergo radical change. It’s vitally important for all of us that the laws that
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