FTX Exchange

FTX Wins Against Binance To Take Over Bankrupt Voyager for $50M
FTX Wins Against Binance To Take Over Bankrupt Voyager for $50M

FTX has won the bid to acquire Voyager Digital for $50 million. Binance and CrossTower also expressed their intention to purchase Voyager. Voyager is a crypto brokerage firm that became bankrupt as the crypto market suffered huge losses. Sam Bankman-Fried’s FTX has won the bid to take over Voyager Digital, a crypto brokerage firm that has gone bankrupt after suffering losses due to the crypto winter. According to an article by Bloomberg, FTX acquired the brokerage firm for $50 million. The takeover bid could have gotten much higher; however, the article said that this did not happen because Voyager was

2 mins read
FTX To Raise $1B To Maintain Its $32B Valuation
FTX To Raise $1B To Maintain Its $32B Valuation

FTX is negotiating with investors asking for new rounds of funding of up to $1 billion.  With its prior financing earlier this year, the company’s valuation is in-line. The crypto exchange was reportedly been on an acquisition spree during the ‘crypto meltdown’. The Bahamian cryptocurrency exchange FTX, led by its CEO Sam Bankman-Fried, was in discussion with investors to reach new funding of up to $1 billion. According to an unnamed informant, the crypto exchange aims to keep its valuation at around $32 billion. However, the people present at the discussion said the talks are still preliminary, and conditions are

2 mins read
FTX-CEO-Sam-Bankman-Fried-to-Donate-up-to-$1B-for-US-Elections
FTX and Alameda Offer an Early Liquidity to Voyager Users

Sam Bankman-Fried affiliates to provide early liquidity to Voyager clients. The joint proposal was for all the Voyager clients, except loans from 3ac. FTX attempts to secure the transaction by 17 August 2022. Crypto firms co-founded by Sam Bankman-Fried proposed to purchase the digital assets of Voyager Digital, who filed for bankruptcy a week after the major crypto hedge fund Three Arrows Capital (3AC) had been reportedly liquidated amid the so-called ‘crypto winter’.  Bankman-Fried said:  Voyager’s customers did not choose to be bankruptcy investors holding unsecured claims. Earlier this month, the beleaguered crypto brokerage firm Voyager Digital filed Chapter 11

2 mins read
FTX-CEO-Sam-Bankman-Fried-to-Donate-up-to-$1B-for-US-Elections
FTX CEO Sam Bankman-Fried to Donate up to $1B for US Elections

Sam Bankman-Fried pledged to donate over $100 million in the 2024 US election. The donation could reach up to $1 billion, depending on the candidates and their policies. Crypto industry donors spent up to $30 million since the 2020 elections. Sam Bankman-Fried, the CEO and founder of FTX, claims that he could donate more than $1 billion in the 2024 US presidential election. According to CNBC, Bankman-Fried disclosed his expenditure plans in a podcast interview “What’s Your Problem?”  The top executive said he’s looking forward to donating “north of $100 million,” with a “soft ceiling” of $1 billion for the

1 min read
Australia to Regulate Crypto With Digital Services Act
Australia to Regulate Crypto With Digital Services Act

Australia will regulate cryptocurrency through its Digital Services Act. The law will focus on crypto tax, investor protection, and regulation for exchanges, brokers, etc. FTX also announced that it will open its office in Australia. Australia is mulling over the possibility of launching its own cryptocurrency regulation in a move to keep abreast with other nations. Named the Digital Services Act, this aims to consolidate all reforms put forth by the country’s legislators since late last year. Also, according to various reports, the law will focus on crypto tax, investor protection, and regulation for exchanges, digital banks, and brokers. Financial

1 min read