Search results: FTX

FTX chief executive officer Sam Bankman-Fried (SBF) has confirmed media outlet CNBC’s report that FTX’s revenue grew 1,000% in 2021 on the back of a booming crypto market and a host of acquisitions.  See related article: Sam Bankman-Fried lashes out at Voyager for rejecting FTX’s proposal  Fast facts In a Twitter post, SBF said, “Fwiw […]

The Federal Deposit Insurance Corporation (FDIC), one of the two federal agencies insuring savings in American depository institutions, has sent cease-and-desist letters to five companies, including FTX.US, for making false statements about deposit insurance. See related article: FDIC clarifies that cryptocurrencies are not insured Fast facts In a press release, the FDIC said it has […]

Reddit has partnered with cryptocurrency exchange FTX to integrate the social network’s Community Points feature with FTX Pay to allow Reddit users to buy Ether on the app. See related article: Instagram expands NFT platform to 100 countries Fast facts FTX Tuesday said the partnership enables Reddit users to purchase the second-largest crypto by market […]

After bankrupt crypto broker Voyager Digital rejected a proposal to buy out its assets and loans — except the loan to insolvent crypto hedge fund Three Arrows Capital — FTX CEO Sam Bankman-Fried (SBF) took to Twitter to lash out.  See related article: FTX proposes buying out Voyager assets and loans except for 3AC to […]

Founded by former employees of Meta stablecoin arm Diem, blockchain company Aptos Labs announced a US$150 million Series A funding round led by FTX Ventures and Jump Crypto on Monday, according to a press release. See related article: Crypto startup funding falls by 26% in H1 2022: report Fast facts Venture capital and crypto firms […]

Crypto exchange FTX launched a joint offer with West Realm Shires, which runs FTX.US, and Alameda Ventures, on Friday, which would allow bankrupt crypto lender Voyager Digital customers to get their hands on their bankruptcy claims in advance.  See related article: ​​Voyager crypto refund plan unconfirmed; fiat to be returned in full Fast facts Regarding […]

Crypto derivatives exchange FTX is reportedly in talks to purchase Bithumb, one of South Korea’s top five cryptocurrency exchanges. See related article: BlockFi’s deal with Sam Bankman-Fried’s FTX will prioritize clients Fast facts The two exchanges have been discussing the deal for several months, according to an anonymous source who told Bloomberg. Neither Bithumb nor […]

The crypto lender signed definitive agreements with FTX US for a US$400 million revolving credit facility that will be subordinate to all client funds. The crypto exchange also has an option to acquire BlockFi for about US$240 million based on performance targets. See related article: Sam Bankman-Fried steps in to bail out BlockFi Fast facts […]

Asset manager Morgan Creek Digital is trying to raise US$250 million to counter crypto exchange FTX’s bailout of beleaguered crypto lender BlockFi, according to a report by CoinDesk. See related article: Sam Bankman-Fried steps in to bail out BlockFi Fast facts Morgan Creek is attempting to raise funds to purchase a majority stake in BlockFi, […]

Nine cryptocurrency and blockchain companies, including crypto exchange FTX, made it to the 2022 list of the Forbes Fintech 50 released Tuesday, with all nine raising a total of US$6.5 billion in venture capital, according to the business magazine. See related article: FTX.US forays into stock trading Fast facts The latest list features private companies […]

Crypto exchange FTX.US has introduced FTX Stocks for select U.S. customers to allow stock trading and exchange-traded funds (ETFs) through its app. See related article: FTX reaches US$32B valuation after closing $400M series C Fast facts FTX.US will provide commission-free stock market trading where orders will be routed to Nasdaq through its clearing firm Embed, […]

Near protocol, a smart-contract enabled layer 1 blockchain, has bagged US$350 million in a funding round led by Tiger Global.  See related article: Polkadot is top crypto held by VCs and hedge funds in Q4 2021 Fast facts FTX Ventures, Republic Capital, Hashed, and Dragonfly Capital participated in the funding round led by Tiger Global.  […]

Bahamas-based crypto exchange FTX announced the establishment of an Australian branch on Monday Asia time as part of the company’s global expansion plans. See related article: New crypto regulation — including tax reform — coming to Australia Fast facts FTX Australia will be headquartered in the nation’s financial capital Sydney and will be fully licensed […]

Binance has received a virtual asset license in Dubai to offer services to qualified investors, as the world’s largest crypto giants continue their Middle East drive.  See related article: Binance wins license in Bahrain, explores acquisition of Brazilian brokerage Fast facts The license will allow Binance to operate within Dubai’s “test-adapt-scale” model and serve pre-qualified […]

Crypto exchange FTX has secured a digital asset exchange license in Dubai under new laws adopted last week and will be setting up a local headquarters in the city.  See related article: Crypto on the beach: FTX and other players find paradise in the Caribbean Fast facts Binance has also secured a license under the […]

Global cryptocurrency exchange FTX’s European arm announced a partnership with Tomorrowland on Thursday with goals to bring blockchain and Web 3.0 applications to the popular electronic music festival. Fast facts The partners will explore Web 3.0 applications such as non-fungible tokens (NFTs) for art, music, ticketing, as well as crypto payments and metaverse events.   The […]

Fresh off a US$32 billion valuation, crypto derivatives exchange FTX Trading said Wednesday it will acquire its Japanese competitor Liquid Group and all its subsidiaries. Fast facts The deal is expected to close in March, according to a Liquid release. “Following FTX’s acquisition of Liquid, Quoine will gradually integrate FTX’s products and services into its […]

The owner and operator of cryptocurrency exchange FTX.COM announced Monday it closed US$400 million in a Series C fundraise that now values the company at US$32 billion. Fast facts Investors participating in this round included Temasek, SoftBank Vision Fund 2 and Tiger Global, among others. The company said all of the investors have participated in […]

Solana Ventures, Lightspeed Venture Partners and cryptocurrency exchange FTX today announced that they are partnering to invest US$100 million on gaming studios and projects building on the Solana blockchain. Fast facts “Gaming has a massive opportunity to bring the next billion users to Web3,” said Amy Wu, partner at Lightspeed Venture Partners, in a statement. […]

Just three months after closing a record US$1 billion series B, the two-year-old cryptocurrency exchange is now valued at US$25 billion. Fast facts The US$420,690,000 Series B-1 funding round saw the participation of 69 investors, with prominent names the lineup, including Ontario Teachers’ Pension Plan Board, via its Teachers’ Innovation Platform, Singapore’s state-owned investment firm […]

This week, FTX announced it is moving its headquarters from Hong Kong to the Bahamas, as the larger Caribbean region takes on a bigger role as host to virtual currency exchanges.

Amid China’s new clampdown, why is DeFi surging and the RMB-to-crypto market important? Sam Bankman-Fried analyzes what it all means and why FTX is leaving Hong Kong for a new home.

FTX hit by hack rumor meanwhile Korea updates crypto death note

Scams and fake news have long dogged the crypto world. This week saw two major blockchain companies and a global retailer get swept up by hack rumors or hoaxes.

Solana hits all-time19 high as FTX’s NFT marketplace spammed

FTX is the latest crypto exchange to join the NFT bandwagon. “Make your own NFTs,” CEO Sam Bankman-Fried tweeted. 

FTX’s exchange token — FTT — has reached a new all-time high following the exchange’s acquisition of crypto derivatives platform LedgerX earlier this week. Fast facts The token hit US$66.33 this morning, according to CoinMarketCap, breaking its previous high of US$61.28, which it set back on May 11, right before the market-wide crash. FTT had […]

FTX US, the affiliate of Hong Kong-based crypto derivatives exchange FTX, on Tuesday announced that it was acquiring Ledger Holdings Inc., parent company of LedgerX, a digital currency futures and options exchange regulated by the Commodity Futures Trading Commission (CFTC). Fast facts LedgerX is a CFTC-regulated designated contract market (DCM), swap execution facility (SEF) and […]

While the funds stolen in last week’s cyberattack on Liquid are yet to be returned, the Japanese exchange has secured a US$120 million loan from fellow exchange FTX to cover losses. Fast facts Sam Bankman-Fried, the billionaire CEO of Hong-Kong based FTX, took to Twitter to make the announcement, saying he had always admired Liquid’s […]

FTX.US, the U.S. affiliate of Hong Kong-based cryptocurrency exchange FTX, saw its average daily trading volumes soar 150-fold in June compared to the same month a year before, according to the company’s mid-year results. Fast facts The company reported that FTX.US had a daily volume that ranged between US$150 million and US$1 billion in the […]

FTX CEO Sam Bankman-Fried says it’s time to move on from high leverage in crypto trading. Binance also seeks new CEO with a stronger regulatory background.

FTX closes record fundraise. Additionally, China Mobile gets hot wallet patent.

Top blockchain and crypto news: FTX swells to $18 billion valuation. Etherum and Dogecoin disowned by creators. US pols call for Olympics boycott of e-yuan.

Fast-growing FTX just pulled off the largest-ever fundraise for a crypto exchange to date. Will heightened regulatory scrutiny lie in its near future?

Crypto exchanges WazirX and Binance look to implement stronger compliance measures. Forkast News speaks with FTX founder and CEO Sam Bankman-Fried about crypto regulatory measures in Asia. Chinese district rewards residents with e-Yuan for counting footsteps. We’ll have more on these stories and other news shaping the cryptocurrency and blockchain world in this episode of […]

Demand for blockchain analytics is on the rise as FTX partners up with NFL superstar quarterback Tom Brady and supermodel Gisele Bündchen.

Cryptocurrency exchange FTX today announced that American football star Tom Brady and his wife, Gisele Bündchen, are taking equity stakes in it, in a multi-year partnership.

From mass liquidations to meme trading, the characteristics unique to the crypto market can now be seen in traditional markets, says FTX CEO Sam Bankman-Fried.

FTX crypto derivatives exchange pioneered TRUMP crypto futures and now dwarfs Coinbase in trading volume. Is going public in FTX’s near future?

FTX CEO Sam Bankman-Fried joins Forkast.News to share how the exchange is able to provide new financial products while still satisfying regulators.

Also: Japan’s deputy PM Taro Aso urges greater blockchain cooperation. Inner Mongolia raises bitcoin mining costs. Fintech investments in S. Korea.

KuCoin’s $10 million airdrop aims to retain users despite DOJ and CFTC charges.

Bankman-Fried plans to appeal the conviction and sentence.

Singapore-based Morph EVM raises US$20 million to enhance layer 2 blockchain technology.

Gemini exchange reaches a settlement to return funds to users affected by the Genesis bankruptcy.

Zhao has pleaded guilty to money laundering charges in November.

Bullish, the cryptocurrency exchange, announces Sara Stratoberdha as CoinDesk’s new leader, emphasizing the platform’s commitment to unbiased and independent journalism under new ownership.

Genesis, in bankruptcy, seeks court approval to sell Bitcoin and Ether trust assets worth US$1.6 billion.

OPNX, founded by Su Zhu, ceases operations due to FTX estate’s recovery claims.

Grayscale and BlackRock’s ETFs lead a bullish debut for newly listed Bitcoin ETFs.

With the filing for an IPO, Circle aims to capitalize on the growing interest in crypto assets, despite recent industry setbacks.

Upbit joins 15 other crypto firms permitted to provide digital payment token services in Singapore.

A year after the Merge made Ethereum even more popular, the network now faces the perils of a staking-fueled liquidity crunch. What are the alternatives?

The UK’s crypto hub dream is coming to life while some attendees of Apefest 2023 in Hong Kong complaint on severe eye pain post-event.

ICBC was disconnected from its trading partners after a cyberattack.

BlackRock’s Ether ETF filing comes as the U.S. SEC entered an eight-day window to potentially approve pending Bitcoin ETF applications.

Top blockchain and crypto news: Hong Kong mulls Bitcoin ETFs, Ordinals flip Ethereum NFTs, IPO comes full circle.

Blockchain-based gaming and remittances among top drivers toward adoption in central and South Asia.

The partnership aims to reduce the high costs and lengthy transfer times associated with traditional remittance payments.

Magic Eden Ethereum will be the first major marketplace to contractually obligate creator royalties.

Siu said this marks the crypto industry’s evolution from the FTX collapse and the Terra-Luna meltdown.

Bitcoin was trading above US$34,000, as the decreasing job creation in the U.S. fueled hopes of another interest rate pause.

SBF is found guilty of fraud, Hong Kong hosts Fintech Week, Neo advances Web3, Backpack launches NFT exchange, and more.

The US$5 million fund aims to help Vauld users who can’t withdraw their assets from the platform.

SOL rose over 319% in 2023 so far, despite concerns around FTX’s lawsuit.

The XRP token now stands to benefit from legal and regulatory clarity in the DIFC, according to the announcement.

Bankman-Fried’s sentencing hearing is scheduled for March 28, 2024.

Top blockchain and crypto news: Bankman-Fried’s memory lapses, betting on the return of NFTs, ETF dreams and Bitcoin’s Uptober

Bankman-Fried trial nears end: defense claims good faith as prosecution alleges misuse of funds.

This marked Bankman-Fried’s fourth and final day of testimony before Wednesday’s closing arguments.

Backpack said it also secured operational licenses in other jurisdictions.

Often dismissed as coincidence, October has once again produced an upswing in the crypto market, with excitement around a potential U.S. spot Bitcoin ETF to thank for this year’s ‘Uptober.’