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FTX Ventures plans to hold 30% stake in Scaramucci's SkyBridge Capital
... industry. His trading arm, Alameda Research , provided $200 million in cash and stablecoin revolving credit facility, and a facility for bitcoin to Voyager Digital before it went bankrupt, while FTX gave $400 million of revolving credit facility to BlockFi with an option to buy it up to $240 million. In January, FTX unveiled FTX Ventures , a $2 billion venture capital fund focused on digital asset investments, which it has since drawn on to help bail out firms that are lacking liquidity, but not ...
Updated: 09/09/2022
Reuters-Mysten Labs raises $300 million in funding led by FTX
... the Merge will breathe life into the embattled criptocurrency sector. Last month, JP Morgan called it the most significant event in the history of the FTX, led by Sam Bankman-Fried , has thrown lifelines to several digital asset platforms, including BlockFi and Voyager Digital .
Updated: 09/08/2022
FTX says it has no plans to buy Huobi
... seen a decline this year due to a broader risk-off sentiment in the markets due to geopolitical turmoil, aggressive monetary policy tightening and decades-high inflation. Bankman- Fried has thrown lifelines on several digital asset platforms, including BlockFi and Voyager Digital . In July, Bankman-Fried said that he and his company still have a few billion on hand to shore up struggling firms that could further destabilize the digital asset industry, but that the worst of the liquidity crunch has ...
Updated: 09/08/2022
FTX says it has no plans to buy Huobi
... a decline this year due to the broader risk-off sentiment in the markets due to geopolitical turmoil, aggressive monetary policy tightening and decades-high inflation. Bankman- Fried has thrown lifelines on several digital asset platforms, including BlockFi and Voyager Digital . In July, Bankman-Fried said that he and his company still have a few billion on hand to shore up struggling firms that could further destabilize the digital asset industry, but that the worst of the liquidity crunch has ...
Updated: 09/04/2022
FTX says it has no plans to buy Huobi
... year due to the broader risk-off sentiment in the markets due to geopolitical turmoil, aggressive monetary policy tightening and decades-high inflation. In recent months, Bankman- Fried has thrown lifelines on several digital asset platforms, including BlockFi and Voyager Digital . In July, Bankman-Fried said that he and his company still have a few billion on hand to shore up struggling firms that could further destabilize the digital asset industry, but that the worst of the liquidity crunch has ...
Updated: 09/01/2022
Samsung reportedly trying to get licenses for its own crypto exchange
... market cap for allcryptocurrencies nearly hit $3 trillion during parts of 2021, but fell below $1 trillion in August. Recent economics and layoffs at many companies related to cryptocurrencies have resulted in a drastic decrease in prices and layoffs. BlockFi plans to lay off 20% of its employees, as the coinbase COIN laid off 18% of its employees. The NFT platform OpenSea is cutting its workforce by 20% and Gemini plans to lay off 10% of its employees.
Updated: 08/25/2022
Huobi founder in talks to sell majority stake for $2 billion
... regional licenses. He said something. SBF was certain that many mining and exchanges would fail in the current winter market. SBF saw this as an opportunity to purchase companies that need a saving hand. Following his words, FTX approached Bithumb, BlockFi, and Voyager Digital to purchase their organizations.
Updated: 08/12/2022
High-flying startups that are getting down to earth
... National Venture Capital Association NVCA. Instacart has cut its valuation by 40 per cent, due to market turbulence due to red-hot inflation and fears of a looming recession. A drop of 67 per cent and 28 per cent in their valuations has been reported by BlockFi and payments giant Stripe . In July, Klarna raised capital in a down round that cut its valuation by over 80 per cent to $6.7 billion, a far cry from the $46 billion price tag the fintech attracted last year. It will be very difficult for startups ...
Updated: 08/09/2022
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