Techno Blender
Digitally Yours.
Browsing Tag

FTX

Sam Bankman-Fried’s FTX is reportedly looking into buying Robinhood

Cryptocurrency exchange FTX is reportedly considering an acquisition of the trading platform Robinhood, according to a report from Bloomberg. Sources close to the situation told Bloomberg that FTX is still weighing the possibility and hasn’t yet made an offer. When asked about the possible buyout, FTX CEO Sam Bankman-Fried stated that the company currently isn’t in the process of trying to acquire Robinhood. “We are excited about Robinhood’s business prospects and potential ways we could partner with them,”…

Crypto exchange FTX acquiring stake in BlockFi, claims report

Leading crypto change is reportedly acquiring a stake in the beleaguered crypto lending firm BlockFi, as the crypto industry faces meltdown.According to Wall Street Journal, FTX is currently in discussions with BlockFi regarding the stake in the firm.The acquisition talks came as BlockFi secured a $250 million line of credit from FTX, which the crypto industry largely recognised as a "bailout.""BlockFi does not comment on market rumours. We are still negotiating the terms of the deal and cannot share more information at…

Sources: FTX is in talks to acquire a stake in BlockFi but no equity agreement has been reached; FTX gave the crypto lender a $250M credit…

Wall Street Journal: Sources: FTX is in talks to acquire a stake in BlockFi but no equity agreement has been reached; FTX gave the crypto lender a $250M credit line this week — FTX gave crypto lender a $250 million credit line this week — Crypto billionaire Sam Bankman-Fried has become a lender of last resort to his beleaguered industry. Wall Street Journal: Sources: FTX is in talks to acquire a stake in BlockFi but no equity agreement has been reached; FTX gave the crypto lender…

Crypto broker Voyager secures a $485M loan from FTX CEO Sam Bankman-Fried's Alameda, including $200M credit and 15,000 bitcoins, worth…

Emily Nicolle / Bloomberg: Crypto broker Voyager secures a $485M loan from FTX CEO Sam Bankman-Fried's Alameda, including $200M credit and 15,000 bitcoins, worth around $285M — Crypto broker Voyager Digital Ltd said it secured loans from Alameda Research, the trading outfit from FTX founder Sam Bankman-Fried … Emily Nicolle / Bloomberg: Crypto broker Voyager secures a $485M loan from FTX CEO Sam Bankman-Fried's Alameda, including $200M credit and 15,000 bitcoins, worth around $285M …

Ripple, FTX on the hunt for acquisition targets as market crashes

Two top cryptocurrency companies, Ripple and FTX, told CNBC that they're on the lookout for acquisitions as the industry hopes to drive growth through buying other firms.It is a sign that some crypto firms feel that they're large enough and well capitalized to splash the cash on acquisitions.Brett Harrison, president of cryptocurrency exchange FTX U.S., said in an interview last week that the company is in "a very good spot in terms of our capital and cash" and will "look around the market for potential merger and…

Crypto exchange FTX quietly shops for brokerage start-ups amid move into stock trading, sources say

Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021.Eva Marie Uzcategui | Bloomberg | Getty ImagesFTX has been on the hunt to buy brokerage start-ups as the crypto exchange expands into stocks, and its CEO takes a major stake in Robinhood.The Bahamas-based company has approached at least three privately held trading start-ups about an acquisition, according to sources familiar with those negotiations, who asked not to be named because the deal talks were…

Crypto exchange FTX is getting into stock trading

Cryptocurrency exchange FTX will soon allow for traditional stock trading alongside its crypto offerings, the company announced in a press release (via The Wall Street Journal). The functionality is currently available to a select number of users in the US, but it’s aiming to roll it out to more traders in the coming months. FTX says it will offer commission-free trading with access to “hundreds of US exchange-listed securities” including both common stocks and ETFs. It will let customers add money to their accounts…