Tagged: sam bankman-fried

FTX Founder Sam Bankman-Fried Takes 7.6% Stake in Robinhood, Shares Rise After Hours

Robinhood

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

Canada: Regulated Digital Asset Exchange Coinberry to be Acquired by WonderFi for $38.3 Million

Kevin OLeary 2

WonderFi  (NEO:WNDR; OTC:WONDF) has entered into an agreement to purchase Coinberry, a Canadian digital asset exchange that is regulated and compliant. WonderFi recently acquired Bitbuy – another crypto platform operating in Canada. Coinberry is one of just a handful of compliant crypto marketplaces operating in… Read More

FTX Appoints Marcel Lötscher as Head of Regulatory Strategy for Europe

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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

FTX Hires Tennis Pro Naomi Osaka as Global Ambassador

Tennis Racquet Sport

Four-time tennis Grand Slam singles champion, Naomi Osaka has been enlisted as global ambassador of FTX, the holding company of FTX.com and FTX.us. According to a company release, Osaka will become a shareholder in the firm while receiving compensation in crypto. Osaka will sport the… Read More

Senator Elizabeth Warren Introduces Bill to Crack Down on Russians Using Crypto to Evade Sanctions

Senator Elizabeth Warren

Yesterday, Senator Elizabeth Warren, along with several other Democrat Senators, introduced legislation that is designed to crack down on Russian “Elites” or oligarchs, who may utilize crypto to evade the economic sanctions that have been applied by many countries around the world. The Digital Asset… Read More

Solana Enthusiasts Raise $1M+ for Ukrainian War Effort

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The National Bank of Ukraine has received the first tranche of $1 million raised by Solana enthusiasts from all over the world through a dedicated initiative. The initiative, dubbed Aid for Ukraine, is powered by Everstake, FTX, Solana Labs, the Metaplex Foundation and Ukraine’s Ministry for Digital Transformation via… Read More

FTX Raises $400 Million at $32 Billion

FTX App on iPhone

FTX, the global crypto trading platform, has raised a $400 million Series C round at a $32 billion valuation according to a company statement. Earlier this month, FTX.us, the US-facing crypto trading platform, raised a $400 million Series A round valuing the firm at $8… Read More

Nuvei Partners with FTX to Offer Instant Payment Solutions on One of the Largest Crypto Exchanges

Sam Bankman Fried

Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), the international payment tech partner of major brands, announced that it has entered into a partnership with FTX Trading LTD, which is the owner and operator of FTX.COM, a global crypto exchange. This partnership with Nuvei will allow FTX… Read More

House Financial Services Committee Hearing on Digital Assets Provides Insight into Regulatory Needs of Crypto Industry

Digital Asset Hearing House Financial Services Committee 12.8.21

Earlier today (December 8, 2021), the House Financial Services Committee held a hearing on digital assets. As was previously reported, the witnesses included top crypto executives and thus provided the opportunity for a unique discussion between House members and crypto entrepreneurs. Chairwoman of the Committee,… Read More

House Financial Services Committee Hearing to Include Top Crypto Names Testifying on Behalf of Industry

Maxine Waters 7.10.19

The House Financial Services Committee has announced the list of witnesses scheduled to testify at a hearing entitled “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.”  The witnesses include many of the biggest names… Read More

FTX Trading Gets $25 Billion Valuation in $420 Million Funding Round

FTX App on iPhone

FTX Trading, a fast-growing digital asset platform, has raised $425 million in a Series B-1 at a $25 billion valuation according to a company release. 69 investors participated in the round which included Ontario Teachers’ Pension Plan Board, via its Teachers’ Innovation Platform, Temasek, Sequoia Capital,… Read More

TaxBit Secures $130M via Series B at $1.33B Valuation to Transform Outdated, Legacy Tax Information Reporting

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TaxBit has raised $130 million in capital through a Series B round at a $1.33 billion valuation in order to “disrupt” legacy tax information reporting. Michell O’Conner, VP of Marketing at TaxBit, says her team is pleased to finalize the massive round that was led… Read More

TrustToken Raises $12.5 Million, Andreessen Horowitz Among Backers

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TrustToken, creators of TUSD, has raised a $12.5 million round of funding to scale TrueFi, its DeFi protocol for collateral-free loans which is powered by on-chain credit scores. The strategic funding round is led by Blocktower with participation from Andreessen Horowitz (a16z) and Alameda Research through the purchase of TRU, TrueFi’s native… Read More

FTX Raises $900 Million at $18 Billion Valuation

FTX App on iPhone

Fast-growing crypto exchange FTX has raised $900 million in funding at an $18 billion valuation according to multiple reports. Investors in the company include SoftBank, Sequoia Capital, and Third Point. According to WSJ.com, other investors included Israel Englander, Alan Howard; the family of Paul Tudor… Read More

Security Tokens: Digital Assets AG Switches to Solana Blockchain

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Digital Assets AG, a Swiss-based blockchain firm supporting the issuance of tokenized financial instruments, says its tokenized stock infrastructure will move to the Solana blockchain. Simultaneously, the company said it will launch the first free-floating security tokens allowing the compliant transfer of tokenized stocks on… Read More

Circle Partners with FTX Crypto Exchange, Integrates Payment Support Including USDC

Digital Dollar Washington

Circle has entered into a global partnership with FTX, said to be the world’s fastest-growing crypto exchange. According to Circle, FTX has integrated its APIs and launched fiat and USD Coin (USDC) payments support across  FTX and Blockfolio services. By incorporating Circle API Services FTX… Read More

DogeCoin (DOGE) Crashes Over 30% in 24 Hrs, but Up Exponentially Since Last Year, Analysts Explain Why

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Derek Thompson, Writer at The Atlantic and Host of podcast CRAZY/GENIUS, recently commented on where he thinks the Dogecoin (DOGE) story stands. Where the dogecoin story stands: a parody of an online currency that some people treat as a form of digital gold, based on… Read More

Fintech Circle Reveals its APIs Now Support ACH Payments and Payouts, Enabling Easy Bank Transfers with USDC Stablecoin

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Global Fintech firm Circle has revealed that its APIs now support ACH payments and payouts. Circle explains that ACH support allows clients to provide “seamless” bank transfers to and from USDC, which is a major stablecoin (or digital asset pegged to the US dollar). Circle… Read More

Sam Bankman-Fried, CEO at FTX, Claims Blockchain Project Avalanche has a “Real Team” and are “Building Real Products”

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Sam Bankman-Fried, CEO at FTX, a cryptocurrency derivatives exchange and Alameda Research, has commented on some blockchain projects that he thinks are worth talking about and appear to be making some progress. While confirming that he’s not offering investment advice, Sam said that Solana (SOL)… Read More

Perpertual Futures Contracts for Ampleforth’s AMPL Tokens Launched on FTX, Trading with USD and Tether (USDT) Also Supported

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FTX, a crypto-asset and derivatives exchange, announced on July 23, 2020 that it has listed new AMPL/USD and AMPL/USDT trading pairs. FTX has also introduced the first perpetual futures contracts for Ampleforth (AMPL). As explained in a release shared with CI: “These contracts act to… Read More

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