Archives

November 9, 2022 @ 4:34 pm By JD Alois  |  

Crypto Contagion? Once again, crypto markets are sinking, losing over 10% in the past 24 hours, as the collapse of FTX has revealed an Emperor with no clothing. In aggregate, crypto assets now sit around $800 million, far off its all-time high of $3 trillion… Read More

November 9, 2022 @ 4:15 pm By JD Alois  |  

A Fox news correspondent is reporting that Binance has decided purchasing FTX is not a good idea and has declined to acquire the crypto exchange after it got a view of its books. Eleanore Terrett of Fox was first with the news quoting Binance Chief… Read More

November 9, 2022 @ 1:18 pm By JD Alois  |  

Things are going from bad to worse for FTX, which was the second-largest crypto exchange in the world – just last week. Reports have filtered in that regulators, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are “probing” FTX.us… Read More

November 9, 2022 @ 10:46 am By JD Alois  |  

Jeremy Allaire, the CEO and founder of Circle – the issuer of dollar-based stablecoin USDC, has posted on Twitter his thoughts on the FTX – Binance drama. The rapid collapse of FTX, and the need to beg for a bailout by Binance, has called into… Read More

November 9, 2022 @ 10:33 am By JD Alois  |  

The rapid demise of FTX, once the second-largest crypto exchange in the world, continues to impact crypto markets and the industry in general. Bitcoin is now at a year-to-date low, trading at around $17,700. FTT, the native digital asset of FTX, has cratered, trading at… Read More

November 8, 2022 @ 10:30 pm By JD Alois  |  

The dust has yet to settle, and the deal has not yet closed, but Binance’s rapid acquisition of FTX following a liquidity crunch is questioning the entire crypto ecosystem. Just last week, FTX appeared to be Teflon against any attacks lobbed against the digital asset… Read More

November 8, 2022 @ 11:26 am By JD Alois  |  

The dust-up between Binance and FTX has turned into a bit of a shit show. In the past days, Binance founder and CEO Chengpeng “CZ” Zhou – announced via Twitter it would be selling its FTT, the native token of FTX received from a past… Read More

November 7, 2022 @ 8:36 am By JD Alois  |  

  Sam Bankman-Fried, the CEO and founder of FTX, says a “competitor” is spreading false rumors about his company, adding that FTX is “Fine. Assets are fine.” Bankman-Fried made his claims in a series of Tweets. https://twitter.com/SBF_FTX/status/1589598284322328579?s=20&t=HvhVmAJpHWkGiSGKZ1MgYQ According to Bankman-Fried, FTX has enough assets to… Read More

October 20, 2022 @ 9:02 pm By Omar Faridi  |  

Virtual currency trading company CrossTower continues to pursue a potential deal to acquire the assets of the once-leading and now-bankrupt Voyager Digital Ltd. out of bankruptcy, a lawyer for CrossTower noted at a court hearing on Wednesday (October 19, 2022). John Ashmead, CrossTower’s lawyer, a… Read More

October 18, 2022 @ 12:26 pm By Omar Faridi  |  

Regulators in Texas are reportedly probing cryptocurrency platform FTX and company CEO Sam Bankman-Fried. The state securities regulator is looking into whether FTX has offered unregistered securities to Texas residents, which could potentially be a violation of state law. According to reports, Texas’ securities regulator… Read More

October 8, 2022 @ 7:00 pm By Omar Faridi  |  

West Realm Shires Services Inc. and FTX Trading Limited, the companies behind FTX US and FTX.COM respectively (collectively referred to as “FTX”), and Visa, which claims to be a world leader in digital payments, announced “a long-term global partnership.” As a part of the alliance,… Read More

September 27, 2022 @ 7:55 am By Omar Faridi  |  

Voyager Digital Ltd. (FRA: UCD2) announced that “after multiple rounds of bidding in a highly competitive auction process that lasted two weeks, its operating company Voyager Digital LLC, selected West Realm Shires Inc. (FTX US) as the highest and best bid for its assets.” The… Read More

September 22, 2022 @ 9:32 am By JD Alois  |  

FTX, a fast-growing crypto exchange that operates both in the US and around the world, is expected to raise $1 billion in new funding at a valuation of $32 billion – the same as its previous round. FTX.us predicts that it will become a market-leading… Read More

September 17, 2022 @ 5:17 pm By Omar Faridi  |  

FTX Europe announced that it has received approval from the Cyprus Securities and Exchange Commission (CySEC), to operate “as a Cyprus investment firm (CIF) allowing the Company to fully own the local investment firm it previously acquired.” Patrick Gruhn, Head of FTX Europe, commented: “After… Read More

July 31, 2022 @ 8:38 pm By Omar Faridi  |  

FTX Exchange FZE announced that it has received approval “to enter Dubai’s ‘Minimum Viable Product’ (MVP) program for Virtual Assets under the world’s only specialist regime for this sector operated by the Virtual Asset Regulatory Authority (VARA).” As a subsidiary of FTX Europe, FTX Exchange… Read More

July 25, 2022 @ 9:44 am By JD Alois  |  

As was reported earlier, FTX has sent a proposal to Voyager Digital to effectively take over the company’s accounts while leaving the Three Arrows Capital (3AC) loans within the recovery process. FTX would open new accounts for remaining Voyager Digital account holders – potentially funding… Read More

July 24, 2022 @ 7:27 pm By Omar Faridi  |  

FTX Trading Ltd., owner and operator of FTX.com, a global cryptocurrency exchange, recently announced a joint offer with West Realm Shires Inc., the owner and operator of FTX US, and Alameda Ventures Ltd, “to provide early liquidity to customers of Voyager Digital, LLC, which filed… Read More

July 1, 2022 @ 3:36 pm By JD Alois  |  

FTX, the trading platform founded by CEO Sam Bankman-Fried, has agreed to purchase BlockFi for up to $240 million, along with providing a $400 million credit facility. FTX had previously provided BlockFi access to a $250 million credit line when things started to go sideways…. Read More

July 1, 2022 @ 9:17 am By JD Alois  |  

BlockFi, a crypto trading marketplace and yield generator, apparently has another suitor. As has been previously reported, FTX, founded by Sam Bankman-Fried, has provided a $250 million line of credit while entering into a discussion to potentially purchase the firm. Rumors published by CNBC indicate… Read More

June 27, 2022 @ 4:02 pm By JD Alois  |  

Sam Bankman-Fried is acting once again to take advantage of significantly lower valuations in a struggling marketplace. Rumors claim that Bankman-Fried is looking to purchase Robinhood via his crypto exchange FTX. While no deal yet, the rumblings have caused shares in Robinhood (NASDAQ:HOOD) to rise… Read More