Topline Embattled cryptocurrency exchange FTX announced on Friday morning it has commenced Chapter 11 bankruptcy proceedings and that its former billionaire CEO Sam Bankman-Fried has resigned from the...
Tag: Sam Bankman-Fried
FTX’s head of institutional sales resigns, says team was ‘completely in the dark’ about insolvency
Zane Tackett, head of institutional sales at FTX, sent a letter to clients stating that his team was “completely in the dark” about the firm’s potential insolvency over the course of this week. ...
Why Is Crypto Crashing? The FTX Saga Explained
Key Takeaways After announcing a rescue acquisition of FTX, Binance has pulled out of the deal citing concerns about their business practices and ongoing investigations from US regulators. This comes ...
What To Make Of This Week’s Crypto Meltdown
Chief Executive Officer of FTX Trading Limited Sam Bankman-Fried speaks during a House Committee on … [+] Financial Services (Photo by Jabin Botsford/The Washington Post via Getty Images) The Wa...
Binance Bails On FTX Acquisition — Here’s What Led To The FTX Crypto Crash
Topline Binance will back out of its agreement to buy rival cryptocurrency exchange FTX, Binance said Wednesday afternoon, the latest in the sudden unraveling of billionaire Sam Bankman-Fried’s crypto...
Crypto Crash Intensifies Amid Downfall Of Industry’s ‘White Knight’ Bankman-Fried
Topline Bitcoin fell to a two-year low and the crypto market slid after a shocking run on billionaire Sam Bankman-Fried’s FTX cryptocurrency exchange and subsequent pact for an acquisition from rival ...
Binance To Acquire FTX In Emergency Bailout
Key Takeaways After days of swirling rumors about a liquidity crisis at FTX, Binance has stepped in at the last minute to acquire the company and save it from collapse. This comes as FTX’s own t...
FTX’s token falls sharply amid Binance controversy
FTT, the token created by crypto exchange FTX, dropped sharply the past hour. The token’s price fell 19%, from roughly $22 to below $18 shortly after 10:00 p.m. ET, according to data tracked by ...
Analyzing the Bank Run on FTX
November 7, 2022, 11:13AM EST • 4 min read Quick Take Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion. This issue of Rapid Insights summarizes the latest d...
Billionaire Changpeng Zhao’s Binance To Offload All Remaining FTT Tokens Of Sam Bankman-Fried’s FTX
Sam Bankman-Fried (left), founder and CEO of FTX, and Changpeng Zhao, cofounder and CEO of Binance. Bloomberg Changpeng Zhao, the billionaire cofounder and CEO of Binance, said on Sunday that his cryp...
Crypto Billionaire Bankman-Fried Confirms He Talked With Musk About Joining Twitter Deal
Topline Sam Bankman-Fried, the billionaire CEO of cryptocurrency exchange FTX, spoke with the wealthiest man on the planet Elon Musk about joining his $44 billion Twitter acquisition, Bankman-Fried sa...
Hong Kong’s Crypto-Friendly Plans Get Mixed Reviews From Billionaires And Industry Players
Sam Bankman-Fried, cofounder and CEO of FTX. Lam Yik/Bloomberg Hong Kong said that it would adopt a welcoming approach to digital assets on Monday as it seeks to regain its status as a global cryptocu...
Zach Dexter to head FTX U.S. as the crypto exchange moves to Miami
Zach Dexter will move up from heading FTX’s U.S. derivatives unit to take over the entire operation in the wake of president Brett Harrison’s departure, a person with direct knowledge of t...
FTX CEO Backs Firm That Aims To Issue NFTs For The Programs It Develops
NEW YORK, NEW YORK – JUNE 20: People take photos of NFT art displayed on billboards in Times Square … [+] during the 4th annual NFT.NYC conference on June 20, 2022 in New York City. The fo...
Here’s how crypto-linked PACs are spending in Tuesday’s primaries
Super PACs linked to some of crypto’s biggest names are spending some serious cash in primary elections this week. The outside groups have reported boosting candidates in Arizona, Michigan and Missour...
Crypto execs gave more than $150,000 to Sen. Gillibrand in Q2
Sen. Kirsten Gillibrand (D-NY) raked in thousands from crypto executives including FTX CEO Sam Bankman-Fried and Gemini’s Cameron and Tyler Winklevoss, according to her latest fundraising report. Gill...
Does Anyone Want To Buy Robinhood?
Robinhood founders Baiju Bhatt and Vlad Tenev have seen their stock price tumble as the market … [+] capitalization of the company tumbled over $50 billion. Getty Images Last week rumors swirled...
Robinhood Shares Jump 14%, Trading Halted After Report That Crypto Exchange FTX Could Buy The Company
Topline Shares of popular stock trading app Robinhood surged higher on Monday after reports that billionaire Sam Bankman-Fried’s cryptocurrency exchange, FTX, is considering a deal to buy the company ...
Stocks Rebound, Taking A Breather From Selloff—But Markets Are Down For The Sixth Week In A Row
Topline Markets surged Friday, paring back some of the heavy losses in recent days as investors helped the benchmark S&P 500 stay clear of bear market territory, though stocks are still on track f...
Why Our Solar System Needs A Currency Of Its Own
Share to Facebook Share to Twitter Share to Linkedin LedgerX co-founder Paul Chou is building on the sale of the company he created by raising capital for a new kind of cryptocurrency that can be spen...
Inside Crypto’s Most Exclusive Gathering
Tony Blair, Bill Clinton and Sam Bankman-Fried on stage at the Crypto Bahamas conference. Trustnodes Poker chips, high stakes, and big money. Throughout last week, a few yards away from the Caribbean&...
Crypto Bahamas Kicks Off As Country Solidifies Plans To Become ‘Leading Digital Asset Hub’ Amidst Market Uncertainty
The island nation is hosting an exclusive crypto-focused conference with speakers including Bill Clinton and Tony Blair. getty Not just sun, sand and sea: the Bahamas is charting a course to become th...