FTX partnered up with BlockFi to offer a new credit line FTX offers trading opportunities for over 100 cryptocurrency trading pairs. FTX a Bahamas-based centralized cryptocurrency exchange added trading pairs for Avalanche (AVAX), Tron (TRX), and Polygon (MATIC). The whole cryptocurrency market is facing a downtrend, it lost more than
BlockFi receives a $250 million umbrella loan as per CEO Prince. BlockFi revealed early last week that it was cutting 20% of its personnel. BlockFi and FTX have teamed together to provide a new credit line. Cryptocurrency exchange FTX has granted BlockFi a $250 million credit facility, according to CEO
The purchase is scheduled to conclude in the third quarter of 2022. On June 6, SBF indicated FTX would not reduce or freeze its employment. A deal has been reached to acquire Bitvo, a Canadian crypto platform, by the cryptocurrency derivatives exchange FTX. Announcing the acquisition of Bitvo on Friday,
3AC in liquidation of $400 million. Transfers $90 million worth FTT on KuCoin. Refrains FTX from tracking its transactions. The Three Arrows Capital (3AC) has been facing quite tough times recently. Indeed, the entire crypto-based firms and institutions are undergoing the same pain. The Dubai-based crypto funding firm is under
FTX has made $1.56 billion in crypto transactions in the last 24 hours. More than $2 billion has been raised by the FTX crypto exchange and its parent firm. In an interview with Bloomberg’s Allyson Versprille and Yueqi Yang on Friday, FTX CEO Sam Bankman-Fried said that the company is
FTX tokens (FTT) occupies 18.17% of the holdings of Ethereum whales. FTT has been trading down 1.32%. Whales Stats, a popular Ethereum whales activity tracker, has revealed the list of top tokens acquired in the last 24 hours by the largest Ethereum whales. Whales have now majorly shifted their focus
Users will also be able to fund their brokerage accounts on FTX using stablecoins. The exchange claims it will not be paid for order flow (PFOF). FTX, a cryptocurrency exchange, is starting stock trading for its users in the United States via its U.S. branch. Bankman-Fried, the wealthy co-founder, said
ETH Miner Revenue dropped to its 9-month low of $1.03M USD on Tuesday. ETH reached its 90-Day low at $1,748 USD on May 12. Ethereum continues to trade in its red zone in the current $1.31 trillion crypto markets. The traders haven’t calmed down yet. It breached its lowest support
The most popular cryptocurrency uses a lot of energy. The number of machines involved in Bitcoin mining has constantly increased. According to FTX CEO Sam Bankman-Fried, Bitcoin is not an acceptable payment network. On Monday, he told the Financial Times that “The Bitcoin network is not a payments network and
Since it peaked at $55 soon after the IPO in July, the stock has progressively declined. For Bankman-Fried, investing in Robinhood was an “attractive investment.” FTX CEO Sam Bankman-Fried purchased a significant 7.6 percent investment in stock and cryptocurrency trading platform Robinhood, according to a filing with the Securities and
