FTX in Discussions for Up to $1B Capital Raise at $32B Valuation
The massive exchange is raising capital in order to contemplate acquisitions. The company saw a $400 million capital raise in the Series C round in January. The well-known cryptocurrency exchange FTX, which is run by Sam Bankman-Fried, is reportedly in talks to raise $1 billion in a fresh investment round to lift its valuation to […]
Binance and FTX Bids Around $50M for Voyager’s Assets
Sources who spoke to the Wall Street Journal said that Binance’s current bid is just a little bit higher than FTX’s. Sources who spoke to the Wall Street Journal about the situation said that Binance and FTX put in the highest bids of about $50 million for the assets of the bankrupt crypto lender Voyager […]
FTX Freezes Under Strain of CPI Volatility
In the hour after the FTX CPI print, more than $110 million was sold off on crypto exchanges. Some customers couldn’t use the cryptocurrency exchange FTX on Tuesday, when a closely watched economic report on U.S. inflation came out. This made traders very angry. Sam Bankman-Fried, CEO of FTX, confirmed that the exchange was having […]
FTX halts trades on Arbitrum, Solana, BSC for ETH Merge
FTX decided to halt “deposits and withdrawals until the Merge is accomplished and networks are stable” despite Ethereum developers’ assurances of zero downtime. The Merge, one of the most anticipated Ethereum updates, was supposed to have zero downtime, but members of the cryptocurrency community made the decision to take preventative action to guarantee the security […]
Busan City declares partnership with FTX to create local exchange
The “Blockchain” city of Busan in South Korea keeps forging alliances to promote the development of the cryptocurrency sector. The second-largest city in South Korea , Busan, has declared a partnership with cryptocurrency trading platform FTX in order to establish a local cryptocurrency exchange and promote blockchain innovation. According to a formal announcement made on […]