- Sam Bankman-Fried said the worst of the liquidity crunch is over.
- FTX has purchased BlockFi for $25 million.
- FTX also partnered with Ledger to enable exchange users to swap using Ledger Live.
The crypto market is hyped anew as FTX CEO Sam Bankman-Fried said bullish remarks on top of major announcements. In an interview with CNN, Bankman-Fried, more popularly known simply as SBF, said that the worst of the liquidity crunch is over.
Read CRYPTONEWSLAND on
google news
SBF referred to the demise of various cryptocurrency and blockchain firms as a result of the ongoing crypto winter. He implied that these struggling firms have either contributed to or have been affected by the massive shakeup. On the bright side, he believes that the market bottom is nearly in.
As a result, Crypto Twitter is alive once more with posts including #InSamWeTrust, borrowing from the official motto of the US.
For those who are not aware of the $2 billion reference, SBF also said in the interview that FTX has a couple of billion dollars to spare to support crypto companies. In fact, FTX has purchased beleaguered BlockFi for $25 million.
In other news, FTX has partnered with Ledger, one of the leading cold wallets in the world. As part of the partnership, FTX users will now be able to swap cryptocurrency using Ledger Live.
https://twitter.com/Ledger/status/1544706168026763264
“This partnership means that you can now swap 120+ digital assets with low fees, under self-custody and world-class security,” Ledger CEO Pascal Gauthier said. “In other words, you can now combine the smoothness of a leading exchange with the security of Ledger products. It’s the best of both worlds.”
Recommended News :
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
