The global media company Forbes questioned 65 of the world’s wealthiest people to find out what chunk of them are part of the cryptocurrency ecosystem. Per the results, 30% have directly or indirectly invested in digital assets. Billionaires Like Crypto More Than Non-Billionaires Some of the wealthiest individuals like Warren Buffett and Jamie Dimon are...Read More
The CEO of cryptocurrency derivatives exchange FTX, Sam Bankman-Fried, believes he would donate anywhere between $100 million and $1 billion during the 2024 United States presidential election campaign. Donation for 2024 US Presidential Campaign In a recent podcast interview with American Journalist Jacob Goldstein, SBF asserted that he would spend something “north of a $100...Read More
The US arm of the cryptocurrency exchange, FTX, is going old school with the launch of its new stock-trading service for a limited number of users in the country. The new offering is being released through FTX Capital Markets, which happens to be a FINRA member broker-dealer. Push for Stock Trading According to the official...Read More
Jack Dorsey was not pleased with FTX CEO Sam Bankman Fried (SBF)’s recent criticisms of Bitcoin’s viability as a payments system. The Block Head confronted him yesterday over his failure to acknowledge the lightning network and provided defense for the necessity of mining. SBF’s Interview The conflict began when SBF responded to some backlash over...Read More
Sam Bankman-Fried, the CEO of leading crypto exchange FTX, has purchased a 7.6% stake in the online trading platform Robinhood. According to a Thursday filing with the US Securities and Exchange Commission (SEC), the billionaire’s shares are worth $648 million, purchased at an average price of $11.52. Of note, the deal involved Emergent Fidelity Technologies...Read More
FTX’s CEO Sam Bankman-Fried (SBF) posted a thread of tweets where he examined the BNB burning mechanism – shortly after Binance’s cryptocurrency went through its 19th scheduled burn. The 30-year-old CEO concluded that the “burn doesn’t drive price,” but “price drives burn.” CryptoPotato reported earlier this week the latest burning of BNB, in which more than $740...Read More
The metaverse environment has heated up in recent weeks as massive funds continue to pour in from some of the most influential players in the cryptocurrency industry. Sam Bankman-Fried’s quantitative trading firm, Alameda Research, has participated in a private funding round of $3.6 million in the world’s first culture-led Metaverse. The round also saw the...Read More
FTX US made a “strategic investment” in IEX Group (a US-based stock exchange). The collaboration will aim to set up a comprehensive and transparent market structure for dealing with digital asset securities. FTX’s Newest Deal The US branch of the global crypto exchange – FTX – continues to engage with large organizations to accelerate the...Read More
Neutrino, the algorithmic price-stable assetization protocol, serves as an accessible DeFi toolkit. It was built on top of the Waves blockchain and had managed to almost double its market cap in less than a month. However, the protocol’s stablecoin project – USDN – de-pegged after sliding down to a low of $0.83 and losing 15%...Read More
With the start of the war between Russia and Ukraine, cryptocurrencies have taken a few roles, being sent as donations to aid the attacked nation but also in speculations that Russian oligarchs used such assets to bypass sanctions. However, community insiders continue to refute these allegations, and the latest to do so was FTX’s founder...Read More
As the war continued to rage, ruble-denominated Bitcoin values rose sharply. Authorities are now looking for ways to minimize use in dodging financial sanctions. And while the recent activity demonstrated that a collapsing ruble might be driving Russians into Bitcoin, FTX CEO – Sam Bankman-Fried – believes the sanctions have made it difficult for them...Read More
FTX Foundation – a philanthropic fund by FTX Exchange – recently announced its ‘Future Fund’, which will support various organizations working on projects that empower the future of humanity. Among other things, these include developments in artificial intelligence, economic growth, improved power relations, and safety from catastrophic bio-risk. The Future Fund FTX revealed its multi-million...Read More
Sam Bankman-Fried’s FTX will acquire Liquid Group and all of its operating subsidiaries. Among them is Quoine Corporation – one of the first digital asset trading venues in Japan. FTX Continues to Expand According to a recent blog post, the deal should be finalized in March this year as the regulators will take all closing...Read More
Days after its US branch raised $400 million, so has done the global exchange FTX. Thus, its total valuation grew to $32 billion. CryptoPotato reported last week the funding round in which FTX US raised $400 million from different investors such as Japan’s SoftBank Group Corp and Singapore’s Temasek Holdings. Less than a week later,...Read More
Despite the multiple outages that the Solana network suffered in recent months, FTX CEO Sam Bankman-Fried (SBF) believes the high-performance blockchain is still better than other networks in the industry. The latest Solana network outage happened on Friday and lasted for more than 48 hours, causing DeFi users who borrowed funds from lending platforms to...Read More
