Reuters reported that Bankman-Fried told staff members he has discussed raising $1 billion from Justin Sun, the Founder of the blockchain, Tron. FTX’s found has also discussed raising funds with rival exchange OKX and stablecoin platform Tether, Reuters said. Justin Sun tweeted on Thursday that Tron was “putting together a solution” for FTX. He said:…
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Earlier this year, FTX was valued by private investors at $32 billion. The proposed acquisition came after a massive liquidity crisis hit FTX which was a result of concerns with withdrawal issues and Binance’s decision to liquidate its entire holdings of FTX's exchange token FTT. Binance CEO Changpeng Zhao told his employees in as memo…
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FTX CEO Sam Bankman-Fried had this to say on twitter: Things have come full circle, and http://FTX.com’s first, and last, investors are the same: we have come to an agreement on a strategic transaction with Binance for http://FTX.com (pending DD etc.). Bankman-Fried highlighted that the important thing in the situation is that “customers are protected.”…
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However, Braga allegedly used the investor funds for his own benefit and to pay a network of worldwide Trade Coin Club promoters, including Paradise, Taylor, and Tetreault. The SEC stated that Trade Coin Club operated as a Ponzi scheme. It explained that investor withdrawals came only from deposits other investors made and not from any…
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The institutional-grade OEMS for digital asset trading XTRD provides a combination of services, including FIX API for digital asset trading, real-time normalized market data feeds, low-latency execution services, and a secure environment inside Equinix data centers. Brokeree said in the press release: In the liquidity aggregation field, especially in volatile markets such as crypto, it’s…
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The new capability provides traders with an additional off-exchange trading possibility. Additionally, Options Chain offers a comprehensive view of the OTC prices. The enhancement is integrated into B2C2’s crypto-native spot, CFD and loans trading platform. It also provides options post-trade functionalities. The official announcement noted that new functionalities will be added in stages over the…
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Hong Kong’s Financial Services and Treasury Bureau said in a statement: We recognise VA is here to stay, given how it has attracted attention of global investors and is increasingly viewed as a conduit for financial innovations, not to mention the future opportunities that will be opened up as VA moves into the areas of…
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Ryan Moroney commented: As more institutional clients move toward Web3 blockchain-driven technology, Optio gives CQG the opportunity to accelerate our footprint and play a leading role in the fast-growing digital asset space. Terry Lam added: Over the last few years, we have seen the crypto marketplace develop rapidly. However, it is evident that the workflow…
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BitMEX has not revealed the reasons behind the Hoeptner’s departure, only noting that it takes “immediate effect”. Hoeptner joined the exchange in January 2021, replacing Vivien Khoo as interim CEO. He became full-time CEO following co-founder Arthur Hayes stepping down after criminal charges were brought against him. Founded in 2014, BitMex has in recent years…
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ASIC Deputy Chair Sarah Court said: We allege that, despite what BPS represented in its marketing, Qoin merchant numbers have been declining, and that there have been periods of time where it was not possible to exchange Qoin tokens through independent exchanges. ASIC is particularly concerned about the alleged misrepresentation that the Qoin Facility is…
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