Crypto Exchange FTX Valued at $25,000,000,000 in Latest Funding, Drawing in Huge Institutional Investors

A new round of fundraising has given crypto exchange FTX a staggering 11-figure valuation, drawing in large institutional investors. The Bahamian-based company gathered $420.6 million with its latest session of fundraising, bringing in capital from blue-chip investors to raise its total valuation to $25 billion. Key investors included BlackRock, the...
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FTX CEO Sam Bankman-Fried mystified by value of NFTs

Crypto exchange FTX, valued last week at $25 billion, recently launched an NFT marketplace by selling an image of the word "Test" for $270,000. FTX founder and CEO Sam Bankman-Fried tells "Axios on HBO" that he doesn't quite understand the appeal, but adds that he doesn't personally appreciate many visual arts.
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'Doggy meme coin' jumps 50%, becomes 11th largest crypto coin

Shiba Inu cryptocurrency jumped 50% over the weekend, becoming the 11th-largest cryptocurrency. "Memes have value and have been an investible thesis in 2021," Jonathan Cheesman, head of over-the-counter and institutional sales at crypto-derivatives exchange FTX, said in an email on Sunday, Bloomberg reported. He added that, "lower dollar-price tokens are attractive to retail" because investors can buy more than 20,000 SHIB for $1.
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Fintech Focus For October 25, 2021

Quote To Start The Day: “We’re starting to see a lot of financial education startups disappearing and consolidating into these larger players building communities.”. One Big Thing In Fintech: FTX Trading Ltd. secured more than $420 million in funding from 69 investors, upping its valuation to $25 billion, the company announced Thursday.

Security Token Market Team Looks into Pros and Cons of Tokenized Stocks

STM notes that most industry participants or observers are familiar with security tokens, or digitized assets in equity, fixed income, real estate, investment fund shares, commodities, and structured products “traded and held on a blockchain, but not as familiar with tokenized stocks.”. STM also mentioned in a blog post that...

Crypto Corner: The Sports Slice

This week kicked off with massive news in the world of sports and crypto. Some of the biggest names in both categories, Coinbase and the NBA, teamed up for a historic deal that put the sports league firmly in position to have a crypto partner for the first time ever.

Regulatory Limitations May Influence OTC Crypto Retailers’ Existence In Hong Kong

Hong Kong, one of the world’s most influential financial hubs, has helped shape the growth of cryptocurrencies. For example, the crypto futures exchange FTX and the virtual currency platform both originated in China. As millions of dollars are transacted daily on Hong Kong-based crypto exchanges, the “Vertical City” also...

The director of the exchange FTX has called the approval of the Bitcoin ETF a “big step forward”

According to CNBC, the CEO of crypto exchange FTX, Sam Bankman-Fried, stated that the fact that the SEC gave the green light to a Bitcoin futures ETF is a “big step forward” in the adoption of cryptocurrencies in the United States. And he added that once the company overcomes all legal and regulatory hurdles, it wants to expand its exchange to the United States.

Solana NFT Projects Are Taking Over

In recent months, Solana has emerged as the new platform of choice by non-fungible token (NFT) enthusiasts from around the world. While it’s still some way from overtaking the massive popularity of Ethereum, its faster transaction speeds and lower fees are difficult to compete with and show a lot of promise.

Every spectactor in a section of FTX Arena handed $500 in crypto at season opener

Major cryptocurrency exchange FTX gave $500 in crypto to every spectator sitting in one section of the FTX Arena at Thursday’s Miami Heat season opener game against the Milwaukee Bucks. As well as the crypto giveaway, every fan in the stadium received a T-shirt with a QR code giving access...

Crypto Boss Laughs All the Way to the Bank

Elon Musk, eat your heart out. When the Securities and Exchange Commission rapped the Tesla chief’s knuckles with a $20 million fine each for him and his company for his infamous August 2018 tweet falsely claiming Tesla might be taken private at $420 a share, he said it was worth it. Mr. Musk later reupped the marijuana gag with a more prurient one, selling satin short shorts for $69.420 on Tesla’s website.

Everyone seated at the Miami Heat season opener received a free cryptocurrency NFT

MIAMI – Miami Heat’s season opening game against the Milwaukee Bucks took place on Thursday inside their newly renamed home arena, FTX Arena (formerly American Airlines Arena), and while the arena felt the same, the cryptocurrency perks were already made very apparent. Every fan seated inside of the arena was...

FTX Token Price Analysis: FTT Coin Price Is Might Soon See A Breakdown To Lower Levels

FTX coin price is currently observing a weak correction on the daily chart which can soon lead it to a new low. It is down by more than 2% in the intraday session. Technical indicators of FTT coin price hints towards a bearish momentum in the price for the future. In contrast, the FTT/BTC pair is up by more than 1.19% in the intraday session.

FTX awards $500 each to fans at basketball event

At the FTX Arena event, FTX distributed $500 worth of cryptos to each participant. There was a giveaway in the first basketball game between the Miami Heat and Milwaukee Bucks. It is reported that the advertising campaign cost about $150,000. FTX, a cryptocurrency exchange, paid US$135 million to rename the Miami Heat arena. Currently, the native token of the exchange, FTT, is trading above $66.99. Agent Aaron Jones recently joined consultants like Steph Curry and Tom Brady at the firm.

FTX raises over $420 million, reaches $25 billion valuation

FTX, a global cryptocurrency exchange, raised $420.69 million in new Series B funding at a $25 billion valuation. Why it matters: The new cash and stock value should help three-year-old FTX make more large acquisitions, like the recent buy of U.S. crypto futures exchange LedgerX, as it tries to narrow the gap with global rival Binance and U.S. rival Coinbase.

FTX Hits $25 Billion Valuation After Latest Funding Round

The Sam Bankman-Fried founded crypto exchange FTX reached a new valuation of $25 billion following a Series B funding round. This new number elevates FTX as one of the most monetarily valued crypto startups globally. The Series B funding round revealed backing from major investors such as Ontario Teachers’ Pension Plan Board. Additionally, Temasek, Tiger Global, Sequoia, and Black Rock participated in the round.