FTX

Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022.Jeenah Moon | Bloomberg | Getty ImagesFTX, the crypto exchange controlled by Sam Bankman-Fried, received a cease-and-desist warning on Friday from the Federal Deposit Insurance Corporation, telling the company to stop "misleading" consumers about the insurance status of their funds. The FDIC issued…

Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022.Jeenah Moon | Bloomberg | Getty ImagesFTX rode the crypto craze to a billion dollars in revenue last year while expanding its global footprint through a flurry of acquisitions, according to internal documents seen by CNBC.The audited financials give a rare glimpse into the privately held start-up's…

Reddit now lets users purchase Ethereum cryptocurrency on the platform through an integration with FTX, the crypto exchange owned by billionaire Sam Bankman-Fried. In a press release, FTX announced that Reddit users can now use the firm’s payment system, FTX Pay, when managing their blockchain-based community points. Reddit first rolled out community points in 2020 as a way to reward users for interacting with a community. These points exist on the Ethereum blockchain and are stored in the “Vault,” a user’s…

The world of crypto venture has had a whirlwind few years, with powerful new players inspiring furious catch-up among traditional VC firms aiming to make a name for themselves in the sector. All the while, the corporate venture fund has been reshaped by plenty of the top crypto startups, now capitalizing on historic revenues to bankroll their versions of a web3 future. FTX has been an undeniable guiding force in the crypto industry this year as it has rocketed toward its position as one of the leading crypto…

Cryptocurrency exchange FTX said on Friday it was fully approved to operate its exchange and clearing house in Dubai, as the Gulf emirate pushes forward with plans to develop its digital asset sector. The Bahamas-based company said it will start by offering regulated crypto derivatives products and trading services to institutional investors in Dubai as well as operate a nonfungible token marketplace and provide custodial services. "Our license expands to retail customers as well, however, it will be a gradual scale up to…

Bankrupt crypto lender Voyager Digital said a recent joint proposal from FTX and Alameda Ventures was a "low-ball bid dressed up as a white knight rescue" and alleged the plan would disrupt its bankruptcy process. Under the partial bailout plan, it was announced that crypto trading firm Alameda would purchase all of Voyager's digital assets and digital asset loans, except the loans to bankrupt crypto hedge fund Three Arrows Capital. Voyager's customers could then receive some of those funds if they chose to open an…

There are a few essential factors to consider when investing in cryptocurrencies to profit from, such as whitepaper, roadmap, team, community, etc. Fresh crypto projects with a small community and strong potential are called crypto gems. However, it’s not easy to determine the project’s success from the very beginning. However, analysts list a few projects that could perform as successful crypto gems with the potential of 50x success. Gnox (GNOX), FTX (FTT), and the Sandbox (SAND) are a few of them. What makes these…

Traders work on the floor of the New York Stock Exchange (NYSE) on May 5, 2015 in New York City.Photo: Spencer Platt (Getty Images)There’s no getting around it, June was a disastrous month for cryptocurrency.Though cryptocurrency prices have trended down for the better part of 2022,investors truly had the rug pulled out from under them in the past two months. With bitcoin prices in particular plummeting to values not seen since 2020, exchanges and lenders were forced to do something few expected. One after another, firms…

The US crypto lender Voyager Digital said that it had filed for bankruptcy, becoming another casualty of a dramatic fall in prices that has shaken the cryptocurrency sector. Crypto lenders such as Voyager boomed in the COVID-19 pandemic, drawing depositors with high interest rates and easy access to loans rarely offered by traditional banks. However, the recent slump in crypto markets-sparked by the downfall of two major tokens in May-has hurt lenders. New Jersey-based Celsius in June froze withdrawals and has hired…

As the crypto markets continue to trend downward, the world’s second-largest crypto exchange, FTX, remains undeterred. “Our priorities have not changed,” Mark Wetjen, head of policy and regulatory strategy at FTX, told TechCrunch. “Markets will do what they do, but the reality is that the digital asset marketplace and digital asset ecosystem, we believe, is here to stay.” If anything, the exchange, last valued at $32 billion, has the potential to become something of a savior for a number of struggling crypto…