Harrison detailed his plans to move into an advising position at FTX US. CEO Alex Mashinsky of Celsius resigned recently. U.S. division president of cryptocurrency exchange FTX, Brett Harrison, announced his resignation today. Over the next three months, he will be transitioning out of his present position and into an
FTX won the acquisition against Binance and CrossTower. The bid from FTX US is valued at roughly $1.422 billion. The major cryptocurrency exchange FTX, founded by billionaire Sam Bankman-Fried won the bid to buy the assets held by insolvent company Voyager Digital. After multiple rounds of bidding in an intensely
At the time of Voyager’s financial difficulties, SBF offered assistance. FTX announced earlier that it will purchase a 30% stake in SkyBridge Capital. This year, Sam Bankman-(SBF) Fried’s FTX has emerged as a leading exchange. The exchange seems to have stepped it up a notch with this round of investment
Early this month, on September 13th, the auction of Voyager Digital assets got underway. The company’s total liabilities were $4.9 billion at the time. Binance and FTX, the two largest cryptocurrency exchanges, are reportedly competing to purchase the assets of defunct cryptocurrency lender Voyager Digital. Voyager filed for Chapter 11
FTX bailed out Voyager Digital by extending a kind of two-piece line of credit. FTX acquired Canadian exchange Bitvo in June. Sam Bankman-Fried, CEO of crypto derivatives exchange FTX, said on CNBC’s Squawk Box that the company has at least $1 billion available to be used for mergers, acquisitions, and
The UK’s Financial Conduct Authority issued a consumer warning on FTX. The FCA previously issued a similar warning on Binance. The UK’s Financial Conduct Authority (FCA) issued a consumer warning regarding Sam Bankman-crypto Fried’s exchange FTX, stating that it is not allowed by the regulator to offer financial services or
Crypto traders in India shifted to the Binance exchange, to avoid paying taxes. In August, the number of downloads of Binance’s app in India increased to 429,000. The leading crypto trading platform, Binance is strengthening its hold in the Indian market. According to recent reports, since the Indian government started
Approximately $40 million of the new capital will be used towards the purchase. Skybridge assured that there was no chance of any assets being liquidated. Sam Bankman- Fried’s FTX Ventures, a cryptocurrency venture capital company, has recently made a splash in the market by acquiring a 30% stake in fellow
GameStop is now the “preferred” retail partner of FTX.US. The gaming company’s Q2 2022 net sales drop to $1.136B. On Wednesday, GameStop, the giant game retailer, announced its partnership with the major crypto exchange FTX.US to launch “new e-commerce and online marketing initiatives” unitedly. Along with disclosing its Q2 2022
FTX will suspend deposits and withdrawals of LUNC and USTC. The exchange will also stop its support for Anchor Protocol (ANC) token. According to the recent announcement from the prominent cryptocurrency exchange, FTX, the deposits and withdrawals of Terra Classic (LUNC) and TerraClassicUSD (USTC) will be halted by the platform
