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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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FTX Ventures, the investment arm of the Sam Bankman-Fried-led crypto exchange, is to take a 30% stake in Skybridge Capital, CNBC reported Friday. Source
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Global crypto exchange FTX will not be acquiring a majority stake in Huobi, according to CEO Sam Bankman-Fried, or SBF. In a Monday tweet, SBF explicitly denied a Bloomberg report that claimed FTX was planning to purchase crypto exchange Huobi. Cointelegraph reported on Aug. 12 that Huobi co-founder Leon Li was considering
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Thailand’s oldest bank has scrapped plans it first announced in November 2021 to become the majority shareholder of crypto exchange Bitkub.In a Thursday announcement, Siam Commercial Bank’s SCB X Group said it would no longer be paying 17,850 million Baht — roughly $536 million in November and $497 million at
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“Bitkub is currently in the process of resolving various issues as per the recommendations and orders of the Securities and Exchange Commission, Thailand, which are uncertain in terms of timeframe in resolving those issues. As a result, the Buyer and the Seller have agreed to terminate the Transaction,” Siam Commercial
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The latest price moves in bitcoin (BTC) and crypto markets in context for August 12, 2022. Source
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Leon Li, the co-founder of global crypto exchange Huobi, is reportedly in talks to sell the majority of his stake in the company that could be valued at over $1 billion.Li reportedly had discussions with multiple financiers seeking to offload a 60% stake in the crypto company, which could be
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A Georgetown Law professor sounds an alarm on how proof-of-stake makes it easier for ether to meet the Howey Test. Original Source
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Therefore, DOGE, LTC, and BTC holders do not have the option of staking their coins on a network individually or through an exchange in return for rewards. Only native tokens of PoS blockchains like Polkadot, Cardano, and Avalanche can be staked to earn rewards, representing a passive income. (Ethereum, which
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