Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Billion dollar fund to save crypto

Published

2 years ago

on

Cryptocurrency exchange Binance is trying to shore up trust in the industry, revealing new details about its industry recovery fund.

It aims to prop up struggling players in the wake of FTX’s calamitous bankruptcy.

Binance plans to devote $1 billion in initial commitments to the recovery fund and may even double that if the need arises.

Binance CEO Chang-peng Zhao shared the public wallet address with its initial commitment to prove the company is acting transparently.

The fund is an attempt by Binance to keep the crypto industry afloat after controversial entrepreneur Sam Bankman-Fried’s exchange FTX filed for bankruptcy earlier this month.

Musk’s distance

Twitter CEO Elon Musk is distancing his new company from FTX’s disgraced founder Sam Bankman-Fried and his alleged ownership of Twitter shares.

In a series of tweets, Musk called out a “news report that alleged Bankman-Fried rolled his $100 million holdings of Twitter into private shares.

Musk discredited the report which alleged Bankman-Fried “owns a sizable chunk of a now privately held and debt-laden Twitter.”

The report claimed an FTX balance sheet prepared after the takeover closed at the end of October and circulated to investors earlier this month.

In a tweet Musk says “SBF/FTX do not own shares in Twitter.”

Related Topics:

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Continue Reading

Money

What to expect for IPO markets

Published

8 hours ago

on

September 13, 2024

By

With high interest rates and geopolitical uncertainty–what’s in store for IPO markets?

As the second half of 2024 begins, the IPO market is poised for a potential rebound after a sluggish start to the year.

With improving economic conditions and renewed investor confidence, more companies seem to be considering going public, creating market optimism.

However, challenges such as inflation and geopolitical uncertainties remain key factors to watch.

Dean Quiambao, a partner at Armanino joins Veronica Dudo to discuss what experts are predicting for the IPO landscape in the coming months and how businesses are positioning themselves for success.

#IN AMERICA TODAY #trending #IPO #IPOmarkets #ratecuts

Continue Reading

Money

ASX positioned for strong start after positive stock rebound

Published

3 days ago

on

September 10, 2024

By

The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

Continue Reading

Leaders

Elon Musk is projected to become the world’s first trillionaire

Published

4 days ago

on

September 9, 2024

By

Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

Continue Reading

Trending Now