Chipper Cash, an African fintech company backed by Silicon Valley Bank and the defunct crypto exchange FTX, is reportedly considering various strategic moves, including a potential sale or attracting ...
Tag: FTXBacked
FTX-backed Projects Plunge as ‘Sam Coins’ Underperform
The collateral damage caused by Sam Bankman-Fried’s downfall continued Wednesday as tokens the disgraced FTX founder has backed slid further. Here’s what’s going on with four major Bankman-Fried...
FTX-backed African Fintech Chipper Cash’ Valuation Falls to $1.25B
Exchange News Chipper Cash has also laid off as many as 50 workers. The $35 million investment from FTX is reportedly the cause of the fintech’s value decline. The valuation of Chipper Cash, one of th...
FTX-backed Serum (SRM) Now Defunct; Pushes Community Fork
After the dramatic collapse of the cryptocurrency exchange giant FTX — Serum (SRM), a decentralized cryptocurrency exchange funded by FTX, notified its 215,000 Twitter followers that the project is “d...
FTX-backed DEX Serum becomes ‘defunct’
Cryptocurrency news since the collapse of FTX earlier this month has featured more and more on the impact of the implosion on other businesses. As we reported earlier today, crypto lender BlockFi file...
FTX-backed DEX Serum calls itself ‘defunct,’ promotes community fork
Serum, a decentralized crypto exchange backed by FTX, notified its 215,000 Twitter followers the project is “defunct” after the crypto exchange giant’s sudden collapse — while pointing users tow...
Another FTX-Backed Crypto Exchange Suspends Withdrawals
Cryptocurrency exchange Liquid has become the latest platform affected by the FTX collapse, with several other reporting struggles. Liquid suspended withdrawals of both fiat and cryptocurrency, accord...
Solana’s FTX-backed Liquidity Hub Serum Forked by Developers after Compromise
Several Solana-based DeFi protocols started unplugging from Serum as they weren’t sure who wielded absolute control over it. Within 24 hours of the crypto exchange FTX declaring bankruptcy last Frida...
“FTX-Backed Law” Likely to tumble on Launch-Nic Carter
The leaked crypto bill draft is Boon or Bane for the crypto sector. Earlier in October 2022, The Draft of the DCCPA Bill shook up the DeFi market and experts, users and investors were abou...
Crypto Insider Says FTX-Backed US Politicians Face Difficult Decision on Upcoming DeFi Regulation – Here’s Why
Politicians backed by the embattled digital asset exchange FTX have a difficult decision ahead, according to Ron Hammond, the director of government relations for crypto lobbying group Blockchain Asso...
DeFi advocates push back against FTX-backed crypto bill
Decentralized finance advocates are scrambling to slow the passage of a digital asset regulation bill until next year, teeing up a struggle between some of crypto’s largest players, with Washington la...
Vitalik deems crypto better than gold; SBF hints at creating FTX-backed stablecoin
The biggest news in the cryptoverse for Oct. 27 includes Vitalik Buterin affirming that crypto is better than gold, FTX planning to create its stablecoin, Bitcoin mining firm Core Scientific on the v...
FTX-backed Bridge Network announces plans for a multichain non-custodial payment solution
– Advertisement – London, United Kingdom, 16th August, 2022, Chainwire Bridge Network reveals plans to launch a non-custodial multichain payment product to tackle crypto off-ramps in und...
FTX-backed Aptos blockchain under fire for low scalability on launch day
FTX-backed layer-1 blockchain Aptos is facing backlash for failing to deliver on its promise of scalability from launch day. The layer-1 blockchain developed by ex-Meta employees launched its mainnet ...