Tag: Cryptocurrency

EconomyFinance

US Treasury Expands Argentine Peso Support with Blue Chip Market Intervention

The US Treasury has expanded its intervention in Argentine markets, purchasing pesos in both spot and blue chip swap markets for the first time. Treasury Secretary Scott Bessent confirmed the actions while emphasizing the US has “capacity to act with flexibility and with force to stabilize Argentina.” The peso weakened 3.4% despite the announced support.

US Treasury Expands Argentine Currency Support

The U.S. Treasury has expanded its intervention in Argentine markets, purchasing pesos in both spot and “Blue Chip Swap” markets according to Friday announcements. This marks the first confirmed participation in the blue-chip market as part of broader efforts to stabilize Argentina’s economy, sources indicate.

by Natalie Brooks
BlockchainStartups

Stripe-Backed Blockchain Venture Tempo Secures $500M in Major Funding Round Led by Thrive Capital and Greenoaks

Stripe-supported blockchain infrastructure company Tempo has reportedly secured $500 million in new funding, according to sources familiar with the matter. The investment round values the stablecoin-focused blockchain venture at approximately $5 billion and includes participation from prominent venture firms including Sequoia Capital and SV Angel.

Major Blockchain Funding Round

Blockchain infrastructure startup Tempo has reportedly raised $500 million in a funding round that values the company at approximately $5 billion, according to sources familiar with the matter. The investment represents one of the largest blockchain venture rounds in recent years and signals growing institutional interest in cryptocurrency infrastructure.

by Natalie Brooks
BusinessTechnology

Meta Stock Returns $167 Billion To Shareholders Through Dividends And Buybacks

Over the previous ten years, Meta Platforms stock has delivered a remarkable $167 billion back to investors through dividends and stock buybacks. This substantial capital return highlights the company’s financial strength and management confidence in sustainable cash flows.

Meta’s Decade-Long Shareholder Returns Reach $167 Billion

According to reports from financial analysts, Meta Platforms (NASDAQ:META) has delivered approximately $167 billion back to its shareholders over the past ten years through a combination of dividend payments and stock buybacks. Sources indicate this substantial capital return demonstrates the company’s robust financial position and management’s confidence in sustainable cash flow generation.

by Sarah Collins