News list for " Billionaire"
Billionaire Mark Cuban has announced the suspension of the Meme Coin program, saying major changes are needed. On January 21, Mark Cuban posted: "If Meme Coin is viable, maybe I will issue one. Same terms as TRUMP, 20% circulating supply, same release schedule. One difference is that all proceeds from the sale of tokens go to the US Treasury. The wallet address will be published so everyone can keep track of it. If you want to gamble, come on. But at least use it to reduce US debt."
According to Cointelegraph, the investment firm of billionaire Paul Tudor Jones disclosed in the latest SEC filing that it holds $426.90 million worth of BlackRock's spot bitcoin ETF (IBIT), doubling its previously reported holdings.
According to the New York Times, billionaire and Airbnb co-founder Joe Gaibia is said to be involved in Musk's government plans.
Mexican billionaire Ricardo Salinas recently sharply criticized European cryptocurrency policy in an interview with the Lunaticoin podcast. He compared Europe to a "museum", calling the region "devoid of investment activity"; at the same time, he compared it to a "zoo", alluding to the fact that Europe is putting citizens under supervision in preparation for the mandatory introduction of a central bank digital currency (CBDC). As one of Mexico's richest entrepreneurs and a well-known bitcoin pro...
On February 7, Justin Sun filed a lawsuit against billionaire collector David Geffen in federal court in Manhattan, seeking the return of a Giacometti sculpture, "The Nose" (LeNez), or massive compensation. According to the lawsuit, Xiong Zihan Sydney, a former adviser to Justin Sun, sold the sculpture, which was purchased by Justin Sun at Sotheby's in 2021 for $78.40 million, to Geffen without authorization, including forgery of signatures and the identity of a fictitious lawyer. The transactio...
Gemini, a cryptocurrency company backed by the billionaire Winklevoss brothers, is considering an IPO this year, according to people familiar with the matter. The company and the custodian are currently discussing the possibility of going public with potential advisers, and no final decision has been made, the sources said, as the information has not been made public. According to the company's website, Gemini currently has more than 500 employees in New York, Seattle, Singapore, London, Dublin,...
According to Cointelegraph, billionaire investor Ray Dalio said he also holds a "small amount" of bitcoin.
On January 21, Mark Cuban, a billionaire and co-founder of Cost Plus Drugs, proposed the idea of creating memecoin to finance the repayment of U.S. national debt. On January 21, Cuban said that if memecoin were "mainstream", he might issue an official memecoin similar to that of US President Donald Trump. The terms and timeline of the token would be the same as Trump's, he said, but all proceeds would be used to pay off US Treasury bonds.
Billionaire entrepreneur and cryptocurrency advocate Mark Cuban said on the X platform: "If Meme is the future, maybe I will issue one. However, I will add something new. The terms of issuance are the same as TRUMP: 20% of the circulation, the same release plan. But there is one difference. All revenue from token sales will go directly to the US Treasury. The wallet address will be made public so that everyone can track where the money is going. If you want to take a gamble, take a gamble. But a...
Billionaire hedge fund manager Scott Bessent, who was chosen by Mr. Trump to be Treasury secretary, has praised cryptocurrencies. "Cryptocurrencies represent freedom, the crypto economy is here to stay, and I think the possibilities are limitless," Mr. Bessent said in July. According to a new financial disclosure filing last month, Scott Bessent holds a stake in BlackRock's bitcoin exchange-traded fund (ETF) worth between $250,000 and $500,000.
US billionaire Ramaswamy had planned to co-lead the Department of Government Effectiveness with Musk, but could now enter the US Senate. Trump wants Ramaswamy to replace the Ohio seat left by Vice President-elect Vance, and Ramaswamy is open to it, according to a person familiar with the matter. (Kim 10)
Billionaires Elon Musk, Jeff Bezos and Mark Zuckerberg will attend Donald Trump's inauguration next week, further underscoring the tech moguls' efforts to forge closer ties with the new president. The three will sit on stage with high-profile guests, including Trump's cabinet nominees. Analysts believe that Musk, the CEO of Tesla and SpaceX and a major shareholder of X, has become Trump...
Billionaire Mark Cuba said he would rather own bitcoin than gold if the economy were in trouble. "I think bitcoin is more valuable," said Mr. Cuba.
Billionaire Marc Andreessen, a co-founder of a16z, said in an X post: "Elon Musk's supposed political power comes mainly from what he says out loud that is clearly true." Musk agrees.
According to the Bloomberg Billionaires Index, Musk's net worth rose by about $50 billion to $439.2 billion. At one point in late 2022, Musk's net worth fell by more than $200 billion, but after Trump won the election last month, Musk's value as his top gifter soared immediately. On Wednesday, SpaceX and its investors agreed to buy $1.25 billion worth of shares from employees and other company insiders. The deal values the private space exploration company at about $350 billion, making SpaceX th...
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