The outflows offset minor inflows for a broad selection of altcoins, including ETH, LIDO and XRP. Crypto markets have been laid low by a hawkish stance on interest rate cuts by the FOMC. Bitcoin investment products saw a total of $621 million in outflows last week following mixed economic signals from the U.S, according to […]
Tag: 600m
New Jersey contactor sentenced for pocketing $600M in Hurricane Sandy scam
A New Jersey contractor who stole nearly $600,000 intended to repair homes damaged by Hurricane Sandy will spend five years in prison, prosecutors said Friday. The Ocean County Prosecutor’s Office announced that Adam Nevius, 49, is headed to New Jersey State Prison after admitting to pocketing money from at least 17 homeowners for repairs his […]
Nigeria secures $600m from Maersk for port development
Danish shipping giant AP Moller-Maersk has agreed to invest $600m in Nigeria’s port expansion and improvement project. The company’s chair, Robert Maersk Uggla, agreed to the investment in a meeting with Nigeria’s President Bola Tinubu at the World Economic Forum Special Meeting in Saudi Arabia on Sunday, according to the President’s office. Tinubu said the […]