billion

  • Circle, the company behind the USDC stablecoin, doubles valuation to $9 billion in updated SPAC deal

    • February 19, 2022
    • Posted by: MasterAdmin
    • Category: Altcoins
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    Bitcoin Featured Image

    Circle, the firm behind the stablecoin USDC, has doubled its valuation to $9 billion after a new deal with blank-check company Concord Acquisition Corp.

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  • Netflix orders docuseries on crypto laundering couple

    • February 14, 2022
    • Posted by: MasterAdmin
    • Category: Cryptocurrency
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    Heather Morgan, aka Razzlekhan, was arrested with her husband for allegedly laundering $4.5 billion worth of Bitcoin. | Image: Razzlekhan

    Netflix is gearing up to create a documentary series about the couple who allegedly laundered $4.5 billion worth of stolen Bitcoin (via Variety). This comes just days after Ilya Lichtenstein and Heather Morgan were arrested in connection with the crimes — and not long after many of us (regrettably) became aware of Morgan’s rapping alter-ego, Razzlekhan, aka the “Crocodile of Wall Street.”…

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  • Unicorns of 2022: ElasticRun becomes 7th startup to enter billion-dollar club

    • February 10, 2022
    • Posted by: MasterAdmin
    • Category: Altcoins
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    As we head into the second month of 2022, the Indian startup ecosystem has already added seven new entrants to the coveted $1 billion valuation club. The country is already cheering in its new unicorns — Fractal (advanced analytics), LEAD (edtech), Darwinbox (HRtech), DealShare (social commerce), Polygon (blockchain), and the latest Livspace (home interior and renovation) and ElasticRun (B2B ecommerce).

    And, there is more to come.…

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  • Couple charged with money laundering tied to 2016 $4.5B crypto hack

    • February 9, 2022
    • Posted by: MasterAdmin
    • Category: Blockchain
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    The Justice Department on Tuesday announced the arrest of a couple in New York charged with conspiring to launder stolen Bitcoin linked to the 2016 hack of a cryptocurrency exchange from which $4.5 billion went missing.

    About $3.6 billion in cryptocurrency from the 2016 hack of the cryptocurrency exchange Bitfinex has so far been recovered in what Justice Department officials said Tuesday is the department’s largest such seizure to date.…

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  • Tesla holds $2 billion worth of Bitcoin

    • February 8, 2022
    • Posted by: MasterAdmin
    • Category: Altcoins
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    You can’t buy a Tesla car with bitcoins anymore, but Tesla is still hodling bitcoins.

    According to a new SEC filing, Tesla’s Bitcoin holdings have been worth $1.99 billion as of Dec. 31, 2021.

    In the filing, the company says it invested roughly $1.5 billion in Bitcoin in 2021. The company recorded $101 million of impairment loss on its Bitcoin holdings, but it also realized gains of $128 billion from selling a portion of its bitcoins in March 2021.…

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