Cryptocurrency Analysis and News Portal
Within a week, crypto exchange FTX has gone from proposing an acquisition by Binance to sort out its liquidity issues to proceeding with filing for bankruptcy under Chapter 11 in the District of Delaware.In a Nov. 11 tweet, FTX said roughly 130 companies in FTX Group including FTX Trading, FTX
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Sam Bankman-Fried has reportedly asked investors for $8 billion in emergency funding to cover a shortfall caused by the flood of withdrawal requests to his crypto exchange in recent days.According to a report in the Wall Street Journal (WSJ) citing "people familiar with the matter,” the CEO reportedly made the
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Crypto billionaire Sam Bankman-Fried may not be able to claim the "billionaire" accolade anymore after an estimated 94% plummet in his personal wealth overnight, according to the Bloomberg Billionaires Index.Bankman-Fried was once a high rider in Bloomberg’s wealth index with an estimated net worth of $26 billion at his peak.
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FTX founder and CEO Sam Bankman-Fried took to Twitter again on Nov. 7 to claim that "a competitor is trying to go after the cryptocurrency exchange with false rumors", while also calling for collaboration with the rival exchange Binance. The comments follow a statement from Binance CEO Changpeng “CZ” Zhao
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Crypto billionaire and FTX founder Sam Bankman-Fried have admitted to being a "significant donor" to both sides of the political spectrum ahead of the 2022 midterm elections.Days ahead of the U.S. midterm elections on Nov. 8, SBF told his Twitter followers that he has given contributions to electoral campaigns on
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Consumer protection and regulation are key ingredients to transforming digital assets into an asset class worth trillions. The FTX exchange's Sam Bankman-Fried weighs in. Meanwhile, FTX's FTT token takes a dive after rival Binance announces plans to dump its remaining holdings. Original Source
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Respected former decentralized finance (DeFi) project founder and developer Andre Cronje has resurfaced after a lengthy hiatus to call for tighter regulations on the crypto sector amid the implosion of multiple firms this year. The comments echo similar sentiments to that of FTX CEO Sam Bankman-Fried (SBF), who also called
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Although there were still criticisms of the toned-down draft, SBF clarified that he was talking about centralized on-ramps into crypto, not self-executing protocols. “It is not making claims about what DeFi devs, smart contracts, and validators must do,” Bankman-Fried wrote. “It’s looking to eventually establish guidelines about how e.g., FTX’s
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The native token of Celsius regained momentum just hours after being rocked by the surprise departure of CEO Alex Mashinsky. Source
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FTX Ventures, an arm of Sam Bankman-Fried’s FTX crypto exchange, will acquire a 30% stake in alternative asset manager SkyBridge Capital, the firms announced Sept. 9. The terms of the deal were not disclosed, but SkyBridge will use $40 million of the proceeds to purchase cryptocurrencies to hold as a
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