In the latest “JPMorgan-like” move, the venture capital arm of FTX is taking a 30% stake in Anthony Scaramucci’s SkyBridge Capital which has been struggling recently. “After working with Anthony and h...
Tag: stake
FTX Ventures Acquires 30% Stake in SkyBridge Capital
Exchange News Approximately $40 million of the new capital will be used towards the purchase. Skybridge assured that there was no chance of any assets being liquidated. Sam Bankman- Fried’s FTX Ventur...
FTX Ventures Buys 30% Stake in Scaramucci’s SkyBridge Capital
The capital will help SkyBridge buy $40 million of crypto to hold on its balance sheet long-term FTX Ventures recently led the $300 million Series B round for Mysten Labs, which was announced Thursday...
FTX acquires 30% stake in Scaramucci’s SkyBridge Capital
Despite the crypto bear market, several companies continue to build and reset. One hot crypto news story this Friday is that crypto exchange FTX has struck yet another deal with a major crypto player,...
FTX Ventures to Acquire 30% Stake in Anthony Scaramucci’s SkyBridge (Report)
After the market turmoil that brought massive pain to numerous crypto-related companies, FTX continues to channel money into such entities. The latest one in which the SBF-spearheaded organization wil...
Mullen Automotive Takes Controlling Stake In Bollinger Motors, Marking Its First EV Acquisition
TechCrunch Mullen acquires controlling interest in EV startup Bollinger Motors Mullen Automotive has acquired a controlling interest in Bollinger Motors, a move intended to strengthen the two EV compa...
Tencent Stake Worth $7.6 Billion Appears in Hong Kong Clearing System
(Bloomberg) — Tencent Holdings Ltd. shares worth $7.6 billion appearing in Hong Kong’s clearing and settlement system has fueled speculation that a large stakeholder may be selling its holdings....
Should You Stake Your Crypto? Here’s What the Data Says
Key Takeaways Based on CoinMarketCap and Staking Rewards data, most major Proof-of-Stake-based cryptocurrencies generate negative real staking yields when accounting for their token emission schedules...
Ethereum Founder to Launch Book on Proof of Stake – crypto.news
Vitalik Buterin, the co-founder of Ethereum, will release a book on September 27, compiling various writings concerning the development of the blockchain network over the last decade. Vitalik Buterin ...
China Billionaire Guo Guangchang’s Flagship Fosun Int’l Plunges To Nine-Year Low As Tourism Stake Cut
China billionaire Guo Guangchang’s Fosun International controls money-losing Fosun Tourism, the … [+] owner of Club Med and other luxury tourism brands. (Photo by Chesnot/Getty Images) Get...
Proof of Work or Proof of Stake (PoW vs PoS)?
In the crypto community, there is a widespread debate about which consensus mechanism is better: PoW or PoS. This raises important issues such as network security, sustainability, and decentralization...
Vitalik Buterin Announces Launch of New Book ‘Proof of Stake’
11 seconds ago | 2 mins read Altcoin News Ethereum community eagerly anticipates the network’s switch to proof of stake. Buterin was more concerned with the basics than the tokenomics. The Ethereum de...
BYD Sinks as Buffett’s Stake Sale Fuels Fears of More to Come
(Bloomberg) — Traders rushed to sell BYD Co. after Warren Buffett’s Berkshire Hathaway Inc. trimmed its stake in the Chinese electric vehicle maker, fearing that the legendary investor may be ge...
Vitalik Buterin Bringing Out Book On His ‘Proof of Stake’ Writings
As the crypto ecosystem braces for the much anticipated Ethereum Merge, the developers are focused on educating the community. Ethereum cofounder Vitalik Buterin just launched a book on his writings o...
BYD Chief Suffers $2 Billion Wealth Drop After Warren Buffett’s Berkshire Hathaway Cuts Stake
Wang Chuanfu, cofounder and chairman of BYD, attends a news conference in Hong Kong, China, on March 28, 2018. Billy H.C. Kwok/Bloomberg Wang Chuanfu, the cofounder and chief executive of BYD, saw his...
Warren Buffett Cuts Stake in China’s BYD, Spurring Bets More May Come
(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. trimmed its stake in BYD Co., just over a month after speculation the legendary US investor was preparing to shed his entire position in th...
Sam Bankman-Fried Denies FTX Has Plans to Purchase Stake in Huobi
Sam Bankman-Fried (SBF) is a well-known figure in the digital currency ecosystem, and while his personality gained popularity as a proficient crypto trader, his investment prowess is now largely stand...
Sam Bankman-Fried denies report FTX plans to purchase stake in Huobi
Global crypto exchange FTX will not be acquiring a majority stake in Huobi, according to CEO Sam Bankman-Fried, or SBF. In a Monday tweet, SBF explicitly denied a Bloomberg report that claimed FTX wa...
Siam Bank Terminates Stake Acquisition Deal With Crypto Exchange Bitkub
Thailand’s oldest bank, Siam Commercial Bank (SCBX), will no longer follow through with its plans to acquire a 51% stake (over $500 million) in local crypto exchange Bitkub. Coinfomania reported last ...
Asia’s Richest Man, Gautam Adani, Seeks Majority Stake In India’s NDTV
Gautam Adani speaks to the media in Ahmedabad on July 21, 2009. SAM PANTHAKY/AFP via Getty Images Adani Group has mounted a bid to take a majority interest in New Delhi Television (NDTV) as the conglo...
CryptoLaw Founder John Deaton Says ‘Everything is at Stake’ on Ripple SEC Lawsuit
CryptoLaw’s Founder John Deaton, attacked the SEC’s overreach in an opinion piece published on Fox Business. Gary Gensler, the head of the Securities and Exchange Commission, remains adamant to ...
Comcast agrees to sell majority stake in NBC Sports Washington
Alex Ovechkin #8 of the Washington Capitals races up the ice with the puck during a game against the Toronto Maple Leafs at Capital One Arena on April 24, 2022 in Washington, D.C. John Mccreary | Nati...
Occidental Petroleum on the verge of breakout as Berkshire gears for a 50% stake
Occidental Petroleum Corporation (NYSE:OXY) has returned 129.52% year to date. Rising crude prices have largely fueled the YTD rally despite stock markets remaining depressed. The stock has largely be...
Why “Lot Is at Stake,” John Deaton on Fox Business
Tomiwabold Olajide Gensler’s focus on RippleXRP reveals intentions to widen SEC’s oversight John Deaton, founder of CryptoLaw, criticized the SEC’s overreach in an op-ed that appeare...
House of the Dragon and Rings of Power are coming: What’s at stake
Promos for HBO MAX Game of Thrones: House of the Dragon (L), and Prime Video Lord of the Rings: The Rings of Power. HBO Max | Amazon As summer comes to an end, two expensive fantasy series filled with...
Charles Hoskinson Apologizes to Cardano Stake Pool Community
Cardano founder Charles Hoskinson has apologized for his approach to claims that the Cardano Testnet is broken, saying that the SPO community is crucial to the network. In a handful of tweets from Aug...
Warren Buffett Not Expected to Bid for Control of Occidental Following Stake Boost
Warren Buffett’s bid to boost his big stake in Occidental Petroleum even further isn’t expected to serve as a prelude to a full takeover of the resurgent energy company by the widely watched billionai...
Cardano Testnet Is Looking Good and Behaves as Expected, Says Stake Pool Operator
Gamza Khanzadaev Seems like Charles Hoskinson was right about alarmists and FUD regarding Cardano Cardano nodes of versions 1.34.1 and 1.35.3 are normalized and work in accordance with the terms of us...
Covid Stocks Face Their Next Challenge And There Are Billions Of Dollars At Stake
The Biden administration is planning to stop paying for Covid vaccines and treatments, shifting the financial burden to consumers as the pandemic relief fund dries up. The move is likely to generate a...
Frasers Group Targets Australia And Builds Up Stake In Hugo Boss
Frasers Group is building its stake in Hugo Boss and wants to acquire MySale in Australia. (Photo by … [+] Karol Serewis/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Get...
Investor Ryan Cohen completes planned sale of Bed Bath & Beyond stake, stock falls 30%
Activist investor Ryan Cohen has exited his position in retailer Bed Bath & Beyond, according to a securities filing released Thursday afternoon. The filing shows that Cohen’s RC Ventures du...