Huobi Token (HT) – the native cryptocurrency of Huobi Global – spiked by approximately 18% hours after Justin Sun confirmed he will take an advisory role in the exchange. The recently announced Global Advisory Board will aim to guide the company’s business efforts and expansion plans, as well as receive a fresh investment. Huobi announced...Read More
Just a week after Huobi Global revealed a change in the shareholder structure, Tron founder Justin Sun’s role as a shadow owner of the crypto exchange surfaced. He has, however, refuted claims about a buyout. In fact, Sun’s role has been limited to that of a global advisor. The development follows reports of Huobi founder...Read More
The financial services corporation – Visa – collaborated with the cryptocurrency exchange – FTX – to offer debit cards in 40 countries across the globe. The cards are already available in the United States and will reach other Asian, Latin America, and European nations soon. Visa’s Next Crypto Move In an interview for CNBC, Visa’s...Read More
Celsius Network founder Alex Mashinsky, who resigned as the CEO of the embattled Defi platform on September 27, reportedly withdrew $10 million in May, just weeks before the company froze withdrawals on June 12. Mashinsky voluntarily disclosed the information to the official unsecured creditors’ committee in the ongoing bankruptcy proceedings, the Financial Times quoted his spokesperson...Read More
FTX founder and CEO Sam Bankman-Fried, also known as SBF, clarified that there are no plans to acquire cryptocurrency exchange giant Huobi, contrary to previous reports. Previously, TRON’s Justin Sun also denied similar rumors. Sam Bankman-Fried made the clarification in a tweet on Monday (August 29, 2022). According to the billionaire: “Just to be explicit...Read More
The CEO of the cryptocurrency exchange FTX – Sam Bankman-Fried – said the venture capital arm of his company (FTX Ventures) will not merge with the principal trading firm Alameda Research. This comes as the latter’s Co-CEO resigned earlier this week. Bloomberg reported recently that FTX Ventures will absorb the operations of Alameda Research, both...Read More
Off late, digital asset exchange FTX has been offering bailouts to struggling companies and expanding its operations via acquisitions. The latest firm that FTX is in talks for acquisition is – Bithumb. FTX-Bithumb M&A Deal Vidente, which holds a stake in the crypto exchange, has confirmed holding discussions about a potential sale of its stake...Read More
FTX chief Sam Bankman-Fried has lashed out at the troubled crypto lender after its lawyers rejected the buyout offer. He said Voyager still has 75% of its assets and questioned why hasn’t the company returned any of the funds to its clients yet. He also went on to speculate that the lawyers may want to...Read More
The leading cryptocurrency exchange – FTX – and its American affiliate – FTX US – are reportedly looking to secure additional funding. T At the beginning of the year, the trading venue, spearheaded by Sam Bankman-Fried, closed a $400 million fundraiser, which boosted its valuation to a whopping $32 billion. The financing was led by...Read More
In the latest interview with Reuters, FTX CEO Sam Bankman-Fried (SBF) revealed the amount of financial ammunition still available for saving companies with drained liquidity from collapses. Meanwhile, he laid out his criterion for picking companies considered worth to be saved. SBF’s Bailout Strategy To fulfill his promise of leading the rescue program for struggling...Read More
FTX CEO Sam Bankman-Fried (SBF) recently shared his thoughts on the state of the crypto market, its trajectory, and the platforms and companies within it. He claimed that there are still many remaining “third-tier” crypto exchanges that are insolvent but yet to be exposed. More Instability to Come? During an interview published by Forbes on...Read More
FTX is not planning to buy Robinhood. The CEO of crypto exchange, Sam Bankman-Fried, refuted rumors about any such deal. According to the latest report, SBF said he is excited about Robinhood’s business prospects and collaboration in the future but clarified that FTX was not exploring opportunities to acquire the financial service company. I have...Read More
Sam Bankman-Fried (SBF)’s crypto exchange FTX is examining pathways by which it can acquire Robinhood, according to people with knowledge of the matter. As reported by Bloomberg on Monday, FTX is having internal deliberations on how it can buy out the brokerage app. The source of the information chose to remain anonymous, as this matter...Read More
Major cryptocurrency exchange FTX is looking to purchase a stake in struggling digital asset lender BlockFi, shortly after the latter received a $250 million revolving credit from the SBF-spearheaded company. According to a report by the Wall Street Journal, anonymous sources revealed that talks between FTX and BlockFi were still ongoing, and no decision has...Read More
FTX CEO Sam Bankman-Fried (SBF) issued another statement on Thursday regarding his opinion on Bitcoin’s scaling potential. He believes the network itself is not designed to handle massive volumes, but that various neighboring technologies can help Bitcoin – as an asset – be used for global trade. Asset Can Scale, Network Cannot As tweeted by...Read More
The global media company Forbes questioned 65 of the world’s wealthiest people to find out what chunk of them are part of the cryptocurrency ecosystem. Per the results, 30% have directly or indirectly invested in digital assets. Billionaires Like Crypto More Than Non-Billionaires Some of the wealthiest individuals like Warren Buffett and Jamie Dimon are...Read More
The CEO of cryptocurrency derivatives exchange FTX, Sam Bankman-Fried, believes he would donate anywhere between $100 million and $1 billion during the 2024 United States presidential election campaign. Donation for 2024 US Presidential Campaign In a recent podcast interview with American Journalist Jacob Goldstein, SBF asserted that he would spend something “north of a $100...Read More
The US arm of the cryptocurrency exchange, FTX, is going old school with the launch of its new stock-trading service for a limited number of users in the country. The new offering is being released through FTX Capital Markets, which happens to be a FINRA member broker-dealer. Push for Stock Trading According to the official...Read More
Jack Dorsey was not pleased with FTX CEO Sam Bankman Fried (SBF)’s recent criticisms of Bitcoin’s viability as a payments system. The Block Head confronted him yesterday over his failure to acknowledge the lightning network and provided defense for the necessity of mining. SBF’s Interview The conflict began when SBF responded to some backlash over...Read More
Sam Bankman-Fried, the CEO of leading crypto exchange FTX, has purchased a 7.6% stake in the online trading platform Robinhood. According to a Thursday filing with the US Securities and Exchange Commission (SEC), the billionaire’s shares are worth $648 million, purchased at an average price of $11.52. Of note, the deal involved Emergent Fidelity Technologies...Read More
FTX’s CEO Sam Bankman-Fried (SBF) posted a thread of tweets where he examined the BNB burning mechanism – shortly after Binance’s cryptocurrency went through its 19th scheduled burn. The 30-year-old CEO concluded that the “burn doesn’t drive price,” but “price drives burn.” CryptoPotato reported earlier this week the latest burning of BNB, in which more than $740...Read More
The metaverse environment has heated up in recent weeks as massive funds continue to pour in from some of the most influential players in the cryptocurrency industry. Sam Bankman-Fried’s quantitative trading firm, Alameda Research, has participated in a private funding round of $3.6 million in the world’s first culture-led Metaverse. The round also saw the...Read More
FTX US made a “strategic investment” in IEX Group (a US-based stock exchange). The collaboration will aim to set up a comprehensive and transparent market structure for dealing with digital asset securities. FTX’s Newest Deal The US branch of the global crypto exchange – FTX – continues to engage with large organizations to accelerate the...Read More
Neutrino, the algorithmic price-stable assetization protocol, serves as an accessible DeFi toolkit. It was built on top of the Waves blockchain and had managed to almost double its market cap in less than a month. However, the protocol’s stablecoin project – USDN – de-pegged after sliding down to a low of $0.83 and losing 15%...Read More
With the start of the war between Russia and Ukraine, cryptocurrencies have taken a few roles, being sent as donations to aid the attacked nation but also in speculations that Russian oligarchs used such assets to bypass sanctions. However, community insiders continue to refute these allegations, and the latest to do so was FTX’s founder...Read More
As the war continued to rage, ruble-denominated Bitcoin values rose sharply. Authorities are now looking for ways to minimize use in dodging financial sanctions. And while the recent activity demonstrated that a collapsing ruble might be driving Russians into Bitcoin, FTX CEO – Sam Bankman-Fried – believes the sanctions have made it difficult for them...Read More
FTX Foundation – a philanthropic fund by FTX Exchange – recently announced its ‘Future Fund’, which will support various organizations working on projects that empower the future of humanity. Among other things, these include developments in artificial intelligence, economic growth, improved power relations, and safety from catastrophic bio-risk. The Future Fund FTX revealed its multi-million...Read More
Sam Bankman-Fried’s FTX will acquire Liquid Group and all of its operating subsidiaries. Among them is Quoine Corporation – one of the first digital asset trading venues in Japan. FTX Continues to Expand According to a recent blog post, the deal should be finalized in March this year as the regulators will take all closing...Read More
Days after its US branch raised $400 million, so has done the global exchange FTX. Thus, its total valuation grew to $32 billion. CryptoPotato reported last week the funding round in which FTX US raised $400 million from different investors such as Japan’s SoftBank Group Corp and Singapore’s Temasek Holdings. Less than a week later,...Read More
Despite the multiple outages that the Solana network suffered in recent months, FTX CEO Sam Bankman-Fried (SBF) believes the high-performance blockchain is still better than other networks in the industry. The latest Solana network outage happened on Friday and lasted for more than 48 hours, causing DeFi users who borrowed funds from lending platforms to...Read More
