Crypto exchange FTX is looking into acquiring Robinhood: Report
Robinhood, a discount brokerage that popularized crypto trading among mainstream users, has fallen on hard times. Go to Source Powered by WPeMatico
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Crypto conspiracy theories abound, but prop traders are just doing its job
FTX founder Sam Bankman-Fried and Alameda Ventures made recent headlines for bailing out a handful of CeFi crypto platforms this week, but what exactly do market makers do? Go to Source Powered by WPeMatico
Crypto Firm Voyager Digital Secures a $500M Line of Credit From Alameda Ventures to Cope With 3AC Exposure
Three days ago, Bitcoin.com News reported on the publicly listed company Voyager Digital after the crypto firm announced that it was owed $655 million worth of digital assets. Now according to a press release from Voyager, the company has secured funds from Alameda Ventures in order to get more access to liquidity. Voyager Borrows $500 … Read more
FTX may be planning to purchase stake in BlockFi: Report
The reportedly ongoing talks followed BlockFi signing a term sheet with FTX to secure a $250 million revolving credit facility on Tuesday. Go to Source Powered by WPeMatico
Coinbase Derivatives Exchange Reveals Nano Bitcoin Futures Product
On June 27, Coinbase Derivatives Exchange (formerly Fairx exchange) announced it will launch its first crypto derivatives investment vehicle pegged to the value of 1/100th of a bitcoin. The new “nano bitcoin futures” product will be listed under the ticker “BIT.” Coinbase derivatives are regulated by the Commodity Futures Trading Commission (CFTC). Coinbase Introduces BIT, … Read more
SEC’s Hester Peirce opposes crypto bailouts — SBF didn’t get the memo
The commissioner made it clear she does not support bailouts for anyone in the crypto industry, arguing it’s better to “let these things play out.” Go to Source Powered by WPeMatico
Crypto Lender Blockfi Secures $250 Million Line of Credit From FTX, CEO Says Capital Will Bolster Its Balance Sheet
The crypto lender Blockfi detailed on Tuesday that the company secured a $250 million line of credit from FTX. Blockfi’s CEO Zac Prince announced on Twitter that the company will use the capital to bolster Blockfi’s “balance sheet and platform strength.” Blockfi Obtains $250 Million Revolving Credit Line From FTX After Crypto Lending Firms Struggle … Read more
Crypto winter freezes sports sponsorships for digital asset firms
The crypto market downturn has made it difficult for crypto firms to pull the trigger on any new sponsorship deals with the sports teams they spent hundreds of millions on at the beginning of the year. Go to Source Powered by WPeMatico
SBF and Alameda step in to prevent crypto collapse contagion
SBF also rejected rumors that Alameda played a part in jeopardizing the stability of Celsius, noting that “this is definitely false. We want to help those we can in the ecosystem, and have no interest in hurting them.” Go to Source Powered by WPeMatico
Report: Bitmex, Deribit Liquidate 3AC’s Positions — Negativity Continues to Plague the Crypto Hedge Fund
Two days ago, Bitcoin.com News reported on the crypto hedge fund Three Arrows Capital (3AC) after reports claimed that the company was allegedly struggling with financial hardship and possible insolvency. Now the crypto firm Finblox is feeling the effects of 3AC’s troubles, and a few digital currency companies have liquidated the hedge fund’s leveraged positions. … Read more