Sam Bankman-Fried announces efficiency updates to FTX
The crypto derivatives platform is expected double its order throughput and significantly reduce order latency, according to its CEO. Go to Source Powered by WPeMatico
Sam Bankman-Fried
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Report: Hong Kong-Based Asset Management Firm Acquires Controlling Stake in Asian Crypto Exchange Huobi
Li Lin’s controlling stake in Huobi, one of Asia’s largest cryptocurrency exchanges, was recently acquired by About Capital Management for an undisclosed sum. Huobi’s acquisition by the Hong Kong-based asset management firm came shortly after the crypto exchange had exited the Chinese market. Lin’s Arrest in 2020 a Key Event for the Huobi Founder The … Read more
FTX and Visa partner to permit crypto payments in 40 countries
FTX token surged over 7% on the news that Sam Bankman-Friend’s company, FTX would roll out a debit card in partnership with payments giant Visa. Go to Source Powered by WPeMatico
Bankrupt Crypto Lender Celsius’ Asset Sale Is Scheduled, Sources Say FTX CEO May Bid
According to a filing published by the U.S. Bankruptcy Court for the Southern District of New York, the crypto lending firm Celsius has been given a final bid deadline of October 17, 2022. Following the bankruptcy court’s final bid deadline, a sale hearing is scheduled for November 1. A report published last week noted that … Read more
Sam Bankman-Fried sheds light on how FTX would approach a Celsius bid
The FTX founder said the company paid the “fair market price” for Voyager’s assets and would look to do the same in a deal for Celsius’ assets. Go to Source Powered by WPeMatico
Sam Bankman-Fried reportedly intended to join the Twitter deal in March
The FTX owner’s advisor unsuccessfully inquired Elon Musk about joining the acquisition deal. Go to Source Powered by WPeMatico
FTX reportedly considers bailing out Celsius via asset bid
Acquiring the assets of Celsius would imply FTX’s intent to save the lending firm, similar to what FTX US did for Voyager by securing the winning bid of approximately $1.4 billion. Go to Source Powered by WPeMatico
Brett Harrison will step down as FTX US president, move into advisory role
The soon-to-be-former president said he would continue to assist CEO and founder Sam Bankman-Fried “to ensure FTX ends the year with all its characteristic momentum.” Go to Source Powered by WPeMatico
British Pound Taps All-Time Low Against US Dollar Following BOE’s 50bps Rate Hike
The world’s oldest fiat currency, the British pound sterling, slid to an all-time low against the U.S. dollar at a little after 1 a.m. (ET) Monday morning. At the time, the pound tapped 1.0327 nominal U.S. dollars per unit, but rebounded against the greenback to 1.0775 by 11 a.m. Monday morning. Pound Sinks Against Greenback … Read more
Alameda Research ‘happy to return’ $200M loan to Voyager Digital
The trading company will pay back the debt, which has fallen almost twice in dollar estimate, by the end of September. Go to Source Powered by WPeMatico
