FTX

Crypto-Abuzz-as-SBF-Makes-“Worst-Is-Over”-Remark
Crypto Abuzz as SBF Makes ‘Worst Is Over’ Remark

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. 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

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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
FTX Launches 1st Print Ad Campaign, $1B Charity Fund
FTX Launches 1st Print Ad Campaign, $1B Charity Fund

FTX launches its first ad campaign, “In On,” featuring CEO Sam Bankman-Fried and supermodel Gisele Bundchen. The company also vows to donate up to $1 billion to charitable causes this year. The funds will be used for pandemic prevention and social and environmental causes. Crypto trading platform FTX is seeking ways to get one step ahead in the growing popularity of cryptocurrency by depending on supermodel Gisele Bundchen, along with an effort to clean up the environment and improve the world. Bundchen, FTX’s head of environmental and social initiatives, was at the 2022 Crypto Bahamas conference, along with FTX co-founder

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Crypto.com to Match Ukraine Donations During Oscars
Crypto.com to Match Ukraine Donations During Oscars

Crypto.com will partner with Red Cross to match crypto donations for Ukraine. The partners will announce the details of the campaign at the Oscars 2022. Meanwhile, Ukraine has partnered with FTX to launch Aid for Ukraine.  Despite the dying fanfare in the crypto community for donations directed to Ukraine, Crypto.com announced that it will be launching a special donation drive in partnership with the International Committee of the Red Cross. According to a Twitter post by CEO Kris Marszalek, Crypto.com will match donations for Ukraine. Details of its donation campaign will be announced during the crypto exchange’s airtime at 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

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FTX Exchange Limits High-Leverage Crypto Trading
FTX Exchange Limits High-Leverage Crypto Trading

FTX Exchange limits leveraged crypto margin trading by over 80x. FTX CEO and billionaire Sam Bankman-Fried shared the news on Twitter. Also, FTX is the latest in a growing number of exchanges to limit leverage trading. FTX Exchange is the latest big crypto exchange to limit risky high leverage trading. The decision means that investors will no longer be able to use huge debt amounts when trading on the exchange.  FTX’s billionaire CEO, Sam Bankman-Fried (SBF), shared the news on Twitter. In the tweet thread, SBF shared that FTX will limit margin trading to 20 times the invested capital. The

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