Tag Archives: Fund

Oprah Winfrey and Dwayne Johnson have committed $US 10 million (approx. $15.4 million) to make direct payments to people on Maui who are unable to return to their homes because of the wildfires.. The People’s Fund of Maui will give $US 1200 (approx. $1850) a month to adults who are …

On Aug. 8, wildfires exploded across the Hawaiian island of Maui, burning entire neighborhoods and forcing thousands of people to flee their homes. A series of fires broke out across the island over four days, creating billions of dollars of damage, scorching thousands of acres, and killing at least 115 …

Maui residents are still reeling in the aftermath of the deadliest U.S. wildfire in more than a century that swept through the island early this month. The death count of the wildfire stands at 115, with an unknown number of people still missing. Though the fires have been contained, many …

The wallet holds a significant amount of ETH alongside other cryptocurrencies worth around $80 million in its portfolio. A crypto wallet associated with the 1inch Investment Fund has purchased a significant portion of Ethereum (ETH) worth around $10 million. The wallet, known for its calculated moves, acquired 6,088 ETH at …

Saudi Arabia’s investment fund has reported a heavy loss worth billions of dollars from economic factors that reduced its many investments. The sovereign wealth fund in Saudi Arabia announced that it took a comprehensive loss in 2022 worth $15.6 billion. The loss came following an economic decline that caused a …

Analysts expect that the Vision Fund investment arm of SoftBank Group turned a profit and might announce as much in its upcoming report. SoftBank Group’s Vision Fund may finally turn a profit after multiple losses due to the current boom surrounding artificial intelligence (AI). After five quarters where the Japanese …

The fund will be audited independently by PwC, one of the world’s leading professional services organizations. A&G, a prominent Spain-based financial entity focused on private banking, has announced its entry into the crypto market with the launch of the country’s first-ever crypto fund. With €12.4 billion ($14 billion) in assets …

Dwayne Johnson. George Pimentel/Shutterstock Dwayne Johnson offered his support for the SAG-AFTRA strike with a massive donation for union members who are currently out of work. The action star, 51, contributed a seven-figure amount to the SAG-AFTRA Foundation’s relief fund, which can deliver grants of up to $1,500 per member. …

Cryptocurrencies are showing remarkable resilience amidst a turbulent economic environment, evidenced by their decoupling from traditional asset classes. Dan Morehead, CEO of Pantera Capital, predicts this dynamic will allow major cryptos like Bitcoin and Ethereum to continue rallying over the medium term. Although these two cryptos remain the most talked-about …

Blockchain-based games have been a hot topic in the cryptocurrency space over the past two years, accounting for considerable growth and daily activity on a number of protocols despite prolonged bear market conditions. Market research estimates that Web3 gaming pulled in around $4.5 billion in funding in 2022 as asset …

In the realm of Bitcoin mining, the United Arab Emirates (UAE) has emerged as a force to be reckoned with, spearheaded by none other than Abu Dhabi’s sovereign wealth fund. This strategic move has transformed the UAE into a burgeoning hub for BTC mining, fueled by political stability, entrepreneurial spirit, …

Maintaining stability in the international financial system is essential for sustaining economic growth in a connected global economy. In this context, the International Monetary Fund (IMF) is essential for fostering international monetary cooperation, maintaining exchange rate stability and managing financial crises. This article provides an overview of the IMF and …