CEO and co-founder of major cryptocurrency exchange FTX Sam Bankman-Fried (SBF) has revealed that the company has built an estimated $1 billion war chest to continue deploying capital in order to bail out distressed crypto firms and buy their assets. … Read More: FTX Builds $1 billion War Chest to Buy up Distressed Crypto and other…
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The trading company will pay back the debt, which has fallen almost twice in dollar estimate, by the end of September. Quantitative trading company Alameda Research will return an estimate of $200 million to Voyager Digital, which is proceeding through bankruptcy. Alameda borrowed the funds in cryptocurrencies in September 2021. At that time, the sum was…
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Bybit officially announced that it launched ETHW trading against the USDT stablecoin, planning to soon open ETHW deposits and withdrawals. Major cryptocurrency exchanges, FTX and Bybit, are among the first crypto trading platforms to launch spot trading for Ethereum proof-of-work (PoW) tokens. While the Ethereum blockchain has not forked into two separate networks just yet,…
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“We are not planning to acquire Huobi,” said Sam Bankman-Fried, who manages assets at Alameda Research and leads crypto exchange FTX. Global crypto exchange FTX will not be acquiring a majority stake in Huobi, according to CEO Sam Bankman-Fried, or SBF. In a Monday tweet, SBF explicitly denied a Bloomberg report that claimed FTX was planning…
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After co-leading the company since 2019, Trabucco says he will be an adviser, but not a daily presence, in a winding Twitter thread announcing his decision. Alameda Research co-CEO Sam Trabucco announced his resignation Wednesday on Twitter. Trabucco said co-CEO Caroline Ellison will become the sole CEO, and he will remain in the capacity of…
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According to reports on social media, a number of users have complained that FTX has blocked a transaction that was associated with the Aztec Network’s zkmoney privacy technology. Following the accusations, FTX CEO Sam Bankman-Fried explained that transactions are monitored for AML compliance but it “does not mean any accounts were frozen.” Journalist Wu Blockchain…
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Jitters in crypto trading relate to a trade event wherein an investor’s buy or sell order gets stuck and moves down in the list, allowing newer trade orders to go through. The CEO of crypto exchange Binance, Changpeng ‘CZ’ Zhao, raised concern for traders after learning about the infamous phenomenon of trade jitters on other…
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Huobi co-founder Leon Li reportedly informed about his decision to other backers of the company in a July shareholders meeting. Leon Li, the co-founder of global crypto exchange Huobi, is reportedly in talks to sell the majority of his stake in the company, which could be valued at over $1 billion. Li reportedly had discussions…
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Huobi Group founder Leon Li is in talks to sell his roughly 60% stake in this major crypto exchange, while Tron (TRX) founder Justin Sun and Sam Bankman-Fried’s FTX exchange are being mentioned among those who’ve had preliminary contact with Huobi…. Read More: Huobi Might Get a New Owner, FTX Among Potential Buyers – Report…
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