Self-made wealth more likely to flow into crypto than inherited: Report
94% of wealthy crypto entrepreneurs have made their wealth purely on their own, a new report suggests. Go to Source Powered by WPeMatico
Sam Bankman-Fried
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FTX joins other crypto goliaths to promote autonomy over sensitive information
FTX and Alkemi add to the list of 14 crypto companies partnered with Verite, including Coinbase, Circle, Hedera Hashgraph, Ledger, Solana Foundation and more. Go to Source Powered by WPeMatico
City-building startup Praxis secures $15M in Series A Funding
“A more vital future” — Praxis is one step closer to building a crypto-powered city utopia, after a funding round from leading crypto VCs. Go to Source Powered by WPeMatico
Cash App’s Bitcoin Revenue Grew 119% in 2021, Gross Profit From BTC Rose 124%
Popular mobile payment platform Cash App, developed by Jack Dorsey’s Block Inc., generated $10 billion in bitcoin revenue and $218 million in bitcoin gross profit in 2021. Compared to the previous year, the bitcoin revenue increased 119% while gross profit rose 124%. Cash App’s Bitcoin Business Block Inc., formerly Square Inc., released its Q4 2021 … Read more
FTX Enters Japanese Crypto Market With Acquisition of Regulated Crypto Exchange
Cryptocurrency exchange FTX has announced the acquisition of Liquid, which operates a regulated Japanese exchange, Quoine. The two companies “expect to work together to provide products and liquidity to clients in the Japanese and global markets.” FTX Acquiring Liquid to Provide Services to Japanese Customers Crypto exchange FTX is entering the Japanese crypto market. FTX … Read more
FTX acquires Japan’s FCA-licensed crypto exchange Liquid
As a part of the deal to comply with Japanese laws, FTX’s Japanese users will be moved Quoine’s trading platform. Go to Source Powered by WPeMatico
FTX Raises $400 Million in Series C Fundraise, Firm Reaches $32 Billion Valuation
Following the company’s subsidiary FTX US raising funds in its first Series A financing round, parent company FTX Trading Ltd. has announced it has secured $400 million in a Series C fundraise. The crypto company’s latest financing round brings the firm’s post-money valuation to $32 billion. FTX Series C Fundraise Brings Firm’s Valuation to $32 … Read more
FTX exchange breaks $32B valuation despite crypto winter fears
FTX raised $400 million funding shortly after its U.S.-based sister firm raised the same amount last week. Go to Source Powered by WPeMatico
FTX US Raises $400 Million in Series A, Trading Platform’s Valuation Now $8 Billion
On January 26, the crypto asset exchange FTX US revealed it raised $400 million in a Series A financing round stemming from investors like Softbank, Paradigm, and Multicoin Capital. The Series A investment in FTX US brings the U.S.-based trading platform’s post valuation to $8 billion. FTX US Reveals $400 Million Capital Raise, Firm Aims … Read more
FTX Launches $2 Billion Venture Capital Fund Focused on Bolstering Blockchain, Web3 Adoption
The cryptocurrency firm FTX has announced the launch of a $2 billion venture capital fund called FTX Ventures. The fund’s focus will be on advancing blockchain and Web3 technology alongside investments in “social, gaming, fintech, software, and healthcare.” FTX Reveals $2 Billion Venture Capital Fund, Hires Lightspeed Partner Amy Wu FTX Trading Limited has announced … Read more
