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Search resuls for: "Ardoino"


2 mentions found


☆ FTX looks for $9.4 bln in rescue funds from investors, rivals
  + stars: | 2022-11-10 | by ( Angus Berwick Anirban Sen | Angus Berwick | Anirban Sen | ) www.reuters.com   time to read: +6 min
He is seeking the remainder from other funds, including current investors in FTX such as venture capital fund Sequoia Capital, the source added. Bankman-Fried told investors that Alameda owes FTX about $10 billion, the Wall Street Journal reported. FTX had lent more than half of its customer funds to Alameda, the newspaper said. The U.S. securities regulator is investigating FTX.com's handling of customer funds and crypto-lending activities, according to a source with knowledge of the inquiry. Canada's Ontario Teachers Pension Plan, Tiger Global and Japan's Softbank are also FTX investors.
☆ Tether, world's biggest stablecoin, cuts its commercial paper holdings to zero
  + stars: | 2022-10-13 | by ( Mackenzie Sigalos Ryan Browne | Mackenzie Sigalos | Ryan Browne | ) www.cnbc.com   time to read: +4 min
The world's biggest stablecoin, tether, saw more than $10 billion in redemptions in May, fueling fears of a 2008-style "bank run." Tether, the world's largest stablecoin, has slashed back its commercial paper holdings to zero, replacing them with U.S. Treasury bills instead, according to a blog post. There are now about 68.4 billion tether tokens in circulation, according to data from CoinMarketCap, up from 2 billion three years ago. But well before UST's dramatic implosion, Tether — the company behind the stablecoin of the same name — was facing serious regulatory backlash over its reserves. Critics have also raised fears that tether tokens were used to manipulate bitcoin prices, a claim Tether has repeatedly denied.
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