Binance CEO Denies Borrowing $250 Million, Claims Loan Given to BAM Management
Binance CEO Changpeng Zhao has refuted recent claims suggesting he borrowed $250 million from BAM Management, the entity overseeing Binance.US. This report emerged following an interpretation of court documents related to the ongoing lawsuit between Binance and the United States Securities and Excha ...
Winklevoss brothers loan Gemini $100 million after failing to secure outside funding
According to anonymous sources cited by Bloomberg, Cameron and Tyler Winklevoss injected $100 million into their company, Gemini, after being unsuccessful in obtaining external funding. The significance of this amount lies in the fact that it corresponds to the funds that Gemini committed to rest ...
MicroStrategy Pays Off Loan, Buys $150 Million Worth of Bitcoin
MicroStrategy, a software company, recently made a significant move in the cryptocurrency market. The company paid off a loan from Silvergate bank ahead of schedule and also invested $150 million in bitcoins. Despite reports of Silvergate's bankruptcy, MicroStrategy clarified that it had only one ...