FTX Financial News

MASK, the native token of the Mask Network, witnessed a price spike at the beginning of the month, reaching the level of some $5.82 yesterday before entering a downward trend. As of 09:35 a.m. UTC, MASK was priced at $4.53, down 18.8% over a 24-hour period. Could the token rebound and pierce the price barrier of $5.70 today?

Major crypto exchange FTX has announced it has gone live as the first institution of this type which secured a full license to operate in the United Arab Emirates (UAE).

Alameda Research, a trading firm linked to major crypto exchange FTX, had some $14.6 billion of assets as of June 30, but as much as $5.82 billion of these assets consists of the exchange’s native token FTT, according to a document sourced from the company.  

FTX CEO Sam Bankman-Fried has confirmed that the crypto platform is working on launching its own stablecoin. 

Major crypto exchange FTX has secured the approval of a U.S. bankruptcy court to take over the assets of troubled crypto platform Voyager Digital. 

Major crypto trading platform FTX.US and its founder Sam Bankman-Fried are being investigated by the securities regulator in Texas, USA, for selling an investment product that may have violated state law.

Payments giant Visa and crypto exchange FTX have inked a partnership to allow crypto holders from 40 countries to spend their digital assets when shopping. 

Brett Harrison, the president of FTX US, has joined a growing list of crypto leaders who are leaving their executive roles in the industry. 

FTX.US, the U.S. arm of global crypto exchange FTX, has emerged as the highest and best bidder to buy the assets of crypto lender Voyager Digital out of bankruptcy. 

 

CEO and co-founder of major cryptocurrency exchange FTX Sam Bankman-Fried (SBF) has revealed that the company has built an estimated $1 billion war chest to continue deploying capital in order to bail out distressed crypto firms and buy their assets. 

GameStop is not easing its push into the Web 3.0 space even after underwhelming non-fungible token (NFT) adoption figures. The video game and consumer electronics retailer has announced a partnership with cryptocurrency exchange FTX.US, the U.S. subsidiary of FTX. 

Bitget, one of the leading derivatives exchanges, has surpassed FTX and top exchanges including KuCoin, Crypto.com, Huobi Global and more in derivatives trading volume as per data provided on CoinGecko.

 

crypto exchange WazirX and the subsequent squabbling among its promoters has revealed the 'darker side' of cryptocurrencies, a top government source said on Thursday. The source added that people should exercise caution in absence of a regulation to govern cryptocurrencies and so-called exchanges trading in them. «Caution is the word that should be in the minds of the people dealing with crypto. In the episode of WazirX, people got to know many darker sides, caution is necessary in crypto transaction,» the source said. The Enforcement Directorate (ED) has been investigating allegations of money laundering against WazirX. The agency has frozen Rs 64.67 crore worth bank deposits as part of an ongoing money laundering probe against some fraud smartphone-based loan apps «backed» by Chinese funds.

 

Crypto platform Voyager Digital argued that a joint offer proposed by crypto exchange FTX and linked trading firm Alameda is a “low-ball bid” that could disrupt the company’s bankruptcy process, to which FTX CEO Sam Bankman-Fried replied that the offer would provide Voyager customers with 100% of the remaining assets that Voyager has, as opposed to the “traditional” process under which, before customers obtain their assets, “they get fucked.”

Major crypto exchange FTX, which has positioned itself as the industry's savior, is reportedly looking to raise fresh capital at its January USD 32bn valuation.

Vauld, a crypto lending platform, has halted its operations. Due to this investors are not able to make deposits, withdraw or trade. However, this is not the endgame for the company, as of now. “This is due to a combination of circumstances such as the volatile market conditions, the financial difficulties of our key business partners inevitably affecting us, and the current market climate,” said chief executive officer (CEO) Darshan Bathija in a statement on the company’s website. There are a number of questions among investors, like: What went wrong with Vauld? What can investors do now? Is it the end of the road for investors? Let us try to find the answers for all the questions.

The market may be on the up as the week draws to a close, but crypto turmoil shows no signs of abating. There are more goings-on at Three Arrows Capital (3AC), Celsius (CEL) is in the spotlight again – and the Voyager journey continues.

Crypto turmoil continues to deepen, with further maneuvers at Celsius (CEL) and a company recounting details of how it dodged the Three Arrows Captial (3AC) fallout – while the crypto exchange giant FTX appears set to bail out yet more ailing crypto players with a “few billion” dollars worth of reserve funds.