According to partner Alfred Lin on Thursday, Sequoia Capital has reduced management fees in its two most recent venture funds as it prepares for a slower investing climate. Limited partners contribute...
Tag: FTX
SkyBridge Capital to Buy Back the Stake it Sold to FTX, Says Scaramucci
The Founder of SkyBridge Capital – Anthony Scaramucci – said his company could buy back the major stake it previously sold to the bankrupt cryptocurrency exchange FTX in the next few months. He also a...
FTX Plans Billions of Altcoin Sell-offs, How Will Market React?
Godfrey Benjamin Bankrupt exchange FTX wants to sell $4.6 billion worth of altcoins to pay creditors Bankrupt digital currency trading platform, FTX Derivatives Exchange, may soon offset the balance i...
FTX allowed by bankruptcy judge to sell LedgerX, other assets
The judge in charge of overseeing the FTX bankruptcy proceedings has given the embattled crypto exchange the approval to sell some of its assets to aid its efforts in repaying its creditors. Accordin...
The FTX case and the automatic trading strategy
The past few months have witnessed a very strong shock throughout the crypto world. The reference is to the FTX case, which until recently was among the best-known cryptocurrency exchanges in the worl...
NBA Giant Miami Heat Officially Terminates Naming-Rights Deal With FTX
One of the most successful NBA teams – Miami Heat – finally annulled its partnership with the cryptocurrency exchange FTX. As a result, the home ground of the basketball giant will no longer be calle...
Bitcoin Surges Above $21,000 Amid Optimism Around Inflation, FTX
(Bloomberg) — Bitcoin surged over $21,000 on Saturday amid optimism that it may have bottomed and inflation may have peaked. Most Read from Bloomberg The largest cryptocurrency rose as much as 7...
Did Solana Use Meme Token BONK To Escape From FTX Debacle?
When allegations of possible fraud at Sam Bankman Fried’s FTX cryptocurrency exchange, which was the world’s second-largest at the time, first came to light, Solana’s popularity took a nosedive. Howev...
Court Allows FTX To Sell Jap, European Subsidiaries
FTX News: As per the latest Bankruptcy ruling, FTX has been granted permission to sell all four key units including its derivatives arm and stock clearing firm Embed, along with FTX Japanese and Europ...
Stablecoin reserves in centralized exchanges continue to fall after FTX collapse
Gradually, alongside the cryptocurrency industry, stablecoins are growing in strength and popularity. Their growth results from the stability they offer against cryptocurrency volatility. At the momen...
Bankruptcy Court Allows FTX To Sell Key Subsidiaries and Assets
10 hours ago | 2 mins read Exchange News Judge John Dorsey has authorized the sale of four key subsidiaries of FTX. This week, 117 potential buyers showed interest in acquiring the FTX assets. The ban...
Despite the FTX Collapse, UK Wants to Become the Global Crypto Hub
British MPs and financial pundits are trying to gauge both the pros and cons of the crypto industry. MP Andrew Griffith notified the Treasury Committee of the recent crypto developments. As per Griffi...
Bitcoin Touches $21,000, Shattering Historic Line of Resistance and Erasing FTX Gap
Bitcoin has touched the $21,000 mark, entering a range that erases the damage done to BTC’s price by alleged fraudster and FTX founder Sam Bankman-Fried. The top cryptocurrency is up 11% in the last 2...
Crypto.com Announces 20% Layoffs Amid Fallout from FTX
Cryptocurrency exchange Crypto.com announced that it would be cutting jobs by 20% as a result of the “significant damage” the industry has suffered due to the fall of FTX. Crypto exchange Crypto.com h...
US Bankruptcy Judge Slams the Gavel on FTX in Miami Heat Sponsorship Deal
The Miami Heat stadium of the National Basketball Association (NBA) will be renaming its stadium soon. Away from FTX ‘Heat’ The naming rights agreement between Miami-Dade County and FTX is officially ...
Sam published “FTX Pre-Mortem Overview”: Highlights Reasons for Failure
Sam published an extensive Substack article on Thursday. The article says that both FTX and Alameda were doing great in 2021. Further highlights the reasons for the collapse and his commitment to re...
Scaramucci changes tone on FTX, says it’s clear there was fraud now
Anthony Scaramucci has done a 180 on FTX. “It’s very clear now that there was fraud,” the SkyBridge Capital founder told CNBC. “We’ll, of course, have to let the le...
Sam Bankman-Fried Claims Binance CEO Changpeng Zhao Caused FTX Implosion in New ‘Pre-Mortem’ Substack Post
Disgraced FTX founder Sam Bankman-Fried says the head of rival exchange Binance contributed to setting off the demise of his crypto empire. In a post to Bankman-Fried’s Substack titled “FTX Pre-Mortem...
Crypto.com Announces 20% layoffs: Weren’t Ready for FTX like Event
Kris Marszalek announced a 20% reduction of their global workforce on January 13, 2023. Crypto.com previously laid off 5% of its complete workforce in June 2022. Kraken, Swyftx, and Huobi also annou...
Bitcoin Soars to $19K, Ethereum Liquid Staking Coins Surge, FTX Locates $5B Worth of Assets: Weekly Recap
The past seven days saw the cryptocurrency market explode in terms of price action, and the total market capitalization is currently sitting at around $950 billion, up over $100 billion during this pe...
FTX Dubai Subsidiary Sent $10M To Shady Alameda-Linked Subsidiary Post-Bankruptcy ⋆ ZyCrypto
Advertisement     Days after the epic collapse of Sam Bankman Fried’s crypto empire, details have emerged that FTX’s Dubai subsidiary transferred $10M to a little know...
FTX Greenlighted to Sell 4 Independently Operated Subsidiaries
The Bankruptcy Court of Delaware has approved bidding procedures for four of FTX’s independent solvent subsidiaries in an attempt to generate money to repay the creditors. In Thursday’s hearing, Judge...
FTX token rallies 50% in a week; Why is FTT rising?
FTX Token (FTT) the native token of the now bankrupt cryptocurrency exchange FTX has been on an epic rally this week despite the FTX founder and former CEO Sam Bankman-Fried pleading not guilty to all...
Hedge Fund Billionaire Bill Ackman Empathizes With Fallen FTX Chief Sam Bankman-Fried
Topline Hedge fund billionaire Bill Ackman appeared to defend Sam Bankman-Fried from fierce criticism on Thursday as the fallen crypto mogul fights criminal charges following the dramatic collapse of ...
FTX Has Recovered $5 Billion in Cash & Crypto
Adam Landis, FTX’s lead attorney, asserted that the exchange reclaimed over $5 billion worth of assets in cash and crypto. The announcement came amid the FTX bankruptcy hearing on Jan. 11. The figure ...
FTX gets judge’s approval to start selling LedgerX and other units
Collapse crypto exchange FTX got the judicial green light to begin selling parts of its business, the next step in raising money to repay its more than one million creditors. LedgerX, Embed and ...
SBF Singles Out Binance CEO in FTX Overview
FTX founder Sam Bankman-Fried posted his overview of the exchange’s collapse in his recently created Substack. In the post, entitled “FTX Pre-Mortem Overview,” Bankman-Fried effectively equated his ex...
‘FTX was not crypto’ — DeFi Dad sets the record straight
In the fourth episode of Hashing It Out podcast series, Cointelegraph’s Elisha Owusu Akyaw discusses the evolution of decentralized finance (DeFi) with DeFi Dad, a DeFi educator and investor at Fourth...
Sam Bankman-Fried Pledges Personal Assets To FTX Customers: Pre-Mortem Report
– Advertisement – Summary: The FTX founder published a pre-mortem report claiming Alameda Research was the victim of a coordinated attack. Sam Bankman-Fried said he believes FTX US is solv...