Tagged: ftx

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 @ 11:25 am By JD Alois  |  

Yesterday, Celsius Network, a large crypto lender and yield platform that abruptly halted all withdrawals recently, posted an update of sorts. While disclosing very little, Celsius shared the following comment on its blog: “Across Celsius today, we are focused and working as quickly as we… 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 30, 2022 @ 3:28 pm By JD Alois  |  

Recently, BlockFi, a leading crypto trading and yield platform, was rocked by the crypto market collapse and overall market volatility. Sam Bankman-Fried, founder and CEO of FTX, swooped in to backstop the firm by providing a $250 million credit facility. Bankman-Fried tweeted they were partnering… 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

June 27, 2022 @ 2:08 pm By JD Alois  |  

Three Arrows Capital (3AC) has defaulted on a $670 million loan. Voyager Digital  (TSX: VOYG) (OTCQX: VYGVF) , a digital asset firm that had previously warned it had exposure to 3AC in regards to 15,250 Bitcoin (~$308 million) and $350 million (USDC) for over $650… Read More

June 22, 2022 @ 2:05 pm By JD Alois  |  

Voyager Digital (TSX: VOYG) (OTCQX: VYGVF) has issued a statement updating on challenges regarding digital asset markets and a previously announced credit facility from Alameda Ventures. Alameda indirectly holds 22,681,260 common shares of Voyager representing about 11.56% of the outstanding common and variable voting shares…. Read More

June 21, 2022 @ 11:56 pm By JD Alois  |  

FTX, a leading global crypto exchange, has provided BlockFi with a $250 million revolving credit line to backstop the firm during a broad decline in crypto markets. In a series of tweets, BlockFi founder and CEO Zac Prince revealed the funding that will stabilize the… Read More

June 21, 2022 @ 11:29 pm By Omar Faridi  |  

West Realm Shires Inc. (FTX US) recently announced the acquisition of Embed Financial Technologies Inc., including its wholly-owned subsidiary Embed Clearing LLC, a FINRA, DTC, NSCC, Nasdaq, and IEX member clearing firm. Embed specializes in “providing whitelabel brokerage services and APIs to broker-dealers and registered… Read More

June 19, 2022 @ 3:16 pm By Omar Faridi  |  

Momentum in Alberta’s Fintech sector continues to build as crypto exchange company FTX revealed plans to establish its first Canadian location in Calgary after the acquisition of Calgary-based Bitvo — a trading platform “offering Canadians a secure and easy way to buy, sell and trade… Read More

June 7, 2022 @ 11:49 am By JD Alois  |  

Senator Kirsten Gillibrand and Senator Cynthia Lummis have officially revealed legislation aiming to create a regulatory framework for the burgeoning digital asset industry. The two Senators have worked for many months on the language of the bill. The legislation has long been rumored with a… Read More

June 1, 2022 @ 9:27 am By JD Alois  |  

FTX, a fast-growing crypto exchange serving both the US and global markets, is in talks with Goldman Sachs (NYSE:GS) in regards to crypto derivatives. While Goldman has been hesitant in the past to move into crypto demand from its customers continues to push the investment… Read More

May 26, 2022 @ 11:24 am By Omar Faridi  |  

Doppel, a real-time, cross-chain monitoring service for detecting NFT fraud and counterfeits, recently announced the close of a $5 million seed investment round led by FTX Ventures. Additional participants in the seed round reportedly “include Solana Ventures, Polygon Studios, OpenSea Ventures, Dapper Labs, SV Angel,… Read More

May 12, 2022 @ 9:02 pm By JD Alois  |  

Sam Bankman-Fried, founder and CEO of FTX, has purchased a 7.62% stake, or 56,273,469 shares in Robinhood (NASDAQ:HOOD). Bankman-Fried paid $648,293,886.33 for the shares. The share were purchased at an average price of $11.52/each. The purchase was revealed in a filing with the Securities and… Read More

April 27, 2022 @ 7:12 pm By Omar Faridi  |  

Eventus, which claims to be a leading international provider of multi-asset class trade surveillance and market risk solutions, and FTX.COM, a global cryptocurrency exchange, announced that FTX has contracted with Eventus “to deploy the firm’s Validus platform for trade surveillance and risk monitoring on all… Read More

March 30, 2022 @ 8:10 am By Omar Faridi  |  

FTX Europe recently announced the appointment “per October 1st, 2022” of Dr. Marcel Lötscher, LL.M. MBA, to the newly created position, Head of Regulatory Strategy. Lötscher is being hired to continue FTX’s global expansion into Europe and the Middle East, “giving users in European Economic… Read More

March 24, 2022 @ 3:52 pm By Omar Faridi  |  

Dave Inc. (Nasdaq: DAVE), a banking app on a mission to build products that level the financial playing field, has announced a partnership with West Realm Shires Services, Inc., which is the owner and operator of FTX US, “whereby the companies will work together to… Read More

March 24, 2022 @ 11:18 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) says it has received inquiries from derivatives clearing organizations (DCO) or potential DCO applicants seeking to offer clearing of margined products directly to participants, such that participants would not clear through a futures commission merchant intermediary a non-intermediated model… Read More