Tag: ftx

Aug 09 2022

FTX Vs. Crypto.com (2022) | Which is Better for Investment?

Crypto.com Vs. FTX - which one is better?Can US citizens use Crypto.com or FTX?Is FTX better than Crypto.com? Hey folks! It's that time again when we see and enjoy the Clash of Titans. These Titans are the Top Exchanges in the crypto market, and...

Aug 05 2022

Voyager secures court approval to refund $270M, says it received better offers than FTX bid

Aug 05 2022 Published at CryptoSlate under tags  alameda bankruptcy ftx voyager

Struggling crypto lender Voyager Digital has been allowed to return its customer's $270 million deposited with Metropolitan Commercial Bank, The Wall Street Journal reported on August 4. According to the report, Judge Michael Wiles ruled that Voyager had presented a "sufficient basis" to allow its customers access to their funds at the...

Jul 30 2022

FTX Exchange FZE Obtains Approval from Virtual Assets Regulatory Authority

FTX Exchange FZE confirmed yesterday that the company has received approval from the Virtual Assets Regulatory Authority (VARA) in Dubai to enter Dubai's MVP program for virtual assets. The approval will help the company in the expansion of its presence in one of the fastest-growing crypto regions.The latest announcement from FTX Exchange FZE came approximately four months after FTX Europe, the parent...

Dubai grants first MVP license to FTX subsidiary FZE

Jul 30 2022 Published at Coinscreed under tags  dubai ftx fze news

The first Minimal Viable Product (MVP) license for Dubai was given to FZE on Friday, enabling full operation of the exchange in the area. The operational license was granted to FZE by Dubai's Virtual Asset Regulatory Authority (VARA) under the MVP program, which is, in the words of Helal Saeed Almarri, director general of the […] The post...

Jul 29 2022

Bitcoin Exchange FTX Wins Full Approval To Operate In Dubai

Jul 29 2022 Published at Bitcoin Magazine under tags  dubai exchange ftx legal news

The company will build a headquarters in Dubai to operate exchange and clearinghouse services for bitcoin and cryptocurrencies through a subsidiary.FTX exchange received approval to operate exchange and clearinghouse services in Dubai.The company will build a regional headquarters in the city.A subsidiary of FTX operating in Europe and the Middle East will facilitate product offerings...

Jul 28 2022

Coinbase and FTX to Invest in Coinfeeds

FTX and Coinbase, two major cryptocurrency exchanges, announced on Thursday that they have invested through their respective venture arms into Coinfeeds, a startup known as the ‘Bloomberg for cryptos.’According to the press release, the investment was possible through a $2 million seed funding round set by Coinfeeds, a firm dedicated to monitoring social media mentions and activity in the crypto sphere. Coinfeeds...

Jul 25 2022

Voyager Digital: FTX’s Offer Is A “Low Ball Bid,” Argues It Disrupts Bankruptcy Process

In response to FTX's proposal to provide early liquidity to Voyager customers, the attorneys for insolvent cryptocurrency lender Voyager Digital called the proposal a "low-ball bid dressed up as a white knight rescue" that only benefited FTX. Voyager Lawyers Call FTX's Offer A " Low Ball Bid" In court...

How Aptos Raised $150 Million From FTX Ventures And Jump Crypto

Jul 25 2022 Published at Bitcoinist.com under tags  btc btcusdt crypto ftx uncategorized

The team behind Diem, a project launched and abandoned by Meta (formerly known as Facebook), is moving fast with the development of Aptos. A new layer one blockchain build with Move, the programming language initially designed for the Facebook project. Related Reading | SEC Regulating The Crypto Sector Will Be...

FTX Token Trading Volume Shows Ethereum Whales Are Becoming Bullish

The Ethereum whales have been bullish on FTX Token for a while. The token had even successfully taken over as the largest holding by dollar value for the top Ethereum whales. However, this would quickly change during the market crash as other better performing tokens had taken over. This would prove to be only short-lived though given that as the market has recovered,...

Aptos Raises $150 Million in New Capital to Realize its Web3 Vision

Aptos, the developers of a highly scalable Layer 1 blockchain, have announced they raised $150 million in a Series A funding round led by FTX Ventures and Jump Crypto. The Aptos team plans to use the newly-acquired funds to realize their Aptos Vision, which includes further work on the low latency Byzantine Fault Tolerant (BFT) engine, dedication to Layer 1 scalability improvements, and...

Voyager Says FTX’s Buyout Offer Was Misleading “Low-Ball Bid,” SBF Fires Back

Jul 25 2022 Published at Crypto Briefing under tags  bankruptcy business ftx voyager

Commenting on Voyagers response to the proposal, FTX founder and CEO Sam- Bankman Fried said that only the bankruptcy lawyers would benefit from dragging out the proceedings, while the customers would...

Voyager Digital Lawyers: FTX 100% Early Liquidity Proposal Benefits Only FTX, Not Customers

Summary: Voyager Digital lawyers submitted a court filing in response to a proposal from FTX supposedly geared toward making customers whole. FTX offered early liquidity to Voyager customers as the crypto platform is faced with bankruptcy. CEO of the crypto exchange Sam Bankman-Fried expanded on the offer via a Twitter thread and stressed how the proposal gives customers access to 100% of Voyager's...

Voyager rejects FTX ‘low ball’ offer, calls it ‘misleading’

Beleaguered crypto lender Voyager Digital in a July 24 letter, rejected FTX's offer to buy out the lender and refund customers, claiming the offer was low- ball and may "hurt customers." FTX's liquidity offer for Voyager's customers On July 22, FTX...

Voyager Calls Alamada-FTX’s Offer ‘Low-Ball Bid’, Bankman-Fried Hits Back

Bankrupt crypto platform, Voyager Digital has responded to the joint acquisition proposal from FTX and Alameda, calling it a “low-ball bid dressed up as a white knight rescue.” In a court filing, the lawyers of Voyager criticized the offer saying it only benefits FTX and disrupts the ongoing bankruptcy process of the doomed crypto company. “The AlamedaFTX proposal is nothing more than a...

Jul 24 2022

FTX and Alameda Ventures Propose to Provide Early Liquidity to Voyager's Customers

FTX announced it has proposed to assist Voyager Digital's clients by providing early liquidity. The offer was made with West Realm Shires Inc, FTX US and Alameda Ventures.Sam Bankman-Fried, the Co-Founder and CEO of FTX said: "Voyager's customers did not choose to be bankruptcy investors holding unsecured claims."The goal of our joint proposal is to help establish a better way to...

Bitcoin ‘Back With A Vengeance’ – Crypto Liquidity Crisis Is Over, Citi Report Suggests

Jul 24 2022 Published at Bitcoinist.com under tags  bitcoin btc btcusd citi crypto

Bitcoin could be seeing the proverbial light at the end of the tunnel, at least that's what a major American multinational investment bank is saying on its latest findings. Multiple evidence indicate that the liquidity crisis in the broader cryptocurrency markets may have seen the worst. This is the conclusion suggested by Citi Bank, in its latest study. Since its November peak last...

Jul 23 2022

Crypto Donations To Boost California Politicians’ Chance Of Winning In Elections

Cryptocurrency for political campaign contributions will now be allowed in California, after a ban was lifted by the state's Fair Political Practices Commission, Friday. The FPPC has voted to lift a four-year restriction on bitcoin contributions. In 2018, California was one of nine states that specifically prohibited the practice, according to an FPPC staff report. With the latest decision, California joins 12 states...

Jul 22 2022

Crypto Exchange FTX Explores Purchase Of South Korean Competitor Bithumb

Jul 22 2022 Published at Bitcoinist.com under tags  bithumb btcusdt crypto crypto news ftx

Per a report from TheBlock, the popular crypto exchange FTX is exploring the potential purchase of Bithumb. The South Korean platform will engross the list of the Sam Bankman Fried company's recent acquisitions....

FTX in talks to buy South Korea-based Bithumb

Jul 22 2022 Published at CryptoSlate under tags  bithumb exchanges ftx ftx.us upbit

Leading crypto exchange FTX is reportedly in talks to purchase South Korea- based Bithumb, Bloomberg News reported July 22. The two companies have reportedly been in talks for months, and there are indications of the negotiations being at an advanced stage. A Bithumb spokesperson did not confirm the development. Bithumb...

FTX Mulls Buying Top South Korean Exchange Bithumb

Jul 22 2022 Published at Crypto Briefing under tags  bithumb business ftx

Leading crypto exchange FTX is reportedly negotiating a potential acquisition of top South Korean exchange Bithumb. No deal has been confirmed as of yet. Advanced Talks Sam Bankman-Frieds crypto empire...

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