FTX to finalize BlockFi deal for just $25 million
FTX is reportedly about to finalize a deal to buy insolvent lender BlockFi for just $25 million amid a crash FTX to finalize BlockFi deal According to a CNBC story, cryptocurrency behemoth FTX is about to finalize a deal to buy insolvent lender BlockFi for just $25 million. In comparison to the $5 billion valuations […]
BlockFi Gets $250 Million Credit Facility From FTX
BlockFi has reportedly secured a $250 million revolving credit facility from crypto exchange FTX which will bolster their balance sheet BlockFi Acquires Credit Facility From FTX The cryptocurrency lending platform BlockFi recently made the announcement that it had been granted a revolving credit facility of $250 million from the cryptocurrency exchange giant FTX. “Today we […]
ETH Whales Ramp Up $925 Million FTX Token Before This Major Deal
Major Ethereum whales have been seen adding more FTX tokens just before the exchange announced an expansion into Canada on Friday, a move said to be due to insider information. “BlueWhale0016” contributed 33 million FTT in two transactions According to the whale transaction tracker WhaleStats, a Wallet address named “BlueWhale0116” singlehandedly added $782.6 million worth […]
FTX, Opensea Hit $32 Billion, $13.3 Billion In Forbes Fintech List
FTX and Opensea topped the Forbes Fintech list with FTX valued at $32 billion to claim the lead while Opensea was valued at $13.3 billion FTX, Opensea Hits $32 Billion, $13.3 Billion Respectively Sam Bankman-crypto Fried’s exchange and trading platform FTX, valued at $32 billion, beat off other crypto fintech to claim the lead. The […]
FTX reportedly shops for brokerages in wake of its stock trading platform
Following the launch of its stock trading platform, FTX crypto derivatives exchange is reportedly looking for brokerage start-ups as it met with at least three brokerage start-ups over the past few months. Last Thursday, the company announced that its US-based subsidiary FTX.US would begin offering zero-commission stock trading via its app, as well as the […]