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Mandy Williams



Articles by Mandy Williams

$4.5 Billion Allocated to Expand the Hedera Hashgraph Ecosystem

2 days ago

The Hedera Governing Council recently announced that it had allocated 10.7 billion HBAR, Hedera Hashgraph’s native token, to fund the development and expansion of the ecosystem.
The official announcement revealed that the amount worth approximately $4.5 billion at the current market price ($0.42) represents 20% of the token’s total supply.
Interestingly, the value of the 10.7 billion HBAR has more than doubled since the Governing Council approved the allocation at a July 14 meeting. The tokens were worth about $2 billion on that date.
DeFi, NFTs, CBDCs and iGaming on Hedera
The Hedera council said it had already designated half of the funds to its recently established independent HBAR Foundation. The autonomous organization would be responsible for the distribution of the

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Over 60 South Korean Crypto Exchanges to Shut Down Next Week

4 days ago

South Korean cryptocurrency exchanges that cannot meet up with the Financial Intelligence Unit (FIU) registration exercise are mandated to inform their customers before midnight today that they will be shutting down operations a week before the September 24, 2021 deadline.
The affected trading platforms have been instructed not only to inform their customers that they will be halting operations, but they will also need to provide detailed information about how their users can withdraw their funds.
“Should some or all services need to be closed, (cryptocurrency exchanges) should notify customers of the expected closing date and procedures to withdraw money by at least seven days before the closure,” South Korean Financial Service Commission (FSC) said in a statement

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Over $1B Worth of ETH Burned in the Aftermath of Ethereum’s London Upgrade

5 days ago

Following the implementation of the long-anticipated Ethereum’s London hard fork on August 5, 2021, fresh data shows that more than a billion dollars worth of ETH has become unusable through a burn mechanism.
Over 300k ETH Burned
According to Dune Analytics, a total of 303,681.05 Ether, which is worth $1.032 billion at the time of writing, that was originally designed to be rewarded to miners as part of fees, has been burned in less than two months since the last network upgrade.
Many Ethereum users have complained about looming inflation as a result of the high fees miners are receiving for processing transactions on the network, prompting developers to add a burning mechanism.
With the implementation of the London hard fork, the inflation rate of Ethereum is gradually

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Solana-Based SolRazr Announces Launch of Token Sale Platform

6 days ago

SolRazr, a Solana-based venture platform offering a decentralized developer ecosystem, announced today that it is rolling out its launchpad next month for blockchain projects.
SolRazr’s Launchpad Set to go Live
As per the official announcement, the launchpad, which is scheduled to go live on October 4, 2021, will be used as a fundraising platform for advanced developers who are building projects on the Solana blockchain.
As part of efforts to ensure the product is working effectively, SolRazr said it will be conducting an Initial DEX Offering (IDO) for its native cryptocurrency dubbed SOLR once the platform goes live.
The Journey So Far
As reported, SolRazr secured $1.5 million from Moonrock Capital, Ascensive Assets, and Morningstar Ventures in a funding round conducted

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Ethereum’s Hashrate Hits New Highs as Miners Resume Operations Outside China

7 days ago

Ethereum’s hashrate has recently reached a new all-time high (ATH) as miners have resumed operations despite the hostile approach undertaken by Chinese authorities earlier this year.
China Clampdown Disrupts Ethereum’s Rally
Recall that Ethereum’s hashrate had hit a peak of 632.8 TH/s on May 19, 2021, following increased activities on the network just after ETH hit an ATH above $4,300.
However, the hashrate started to suffer after the Chinese authorities launched a full crackdown on crypto-related activities, particularly mining, on May 21, 2020.
This move did not only cause the price of Ethereum (ETH) to plummet from $3,399 to $2,502, it also harmed the network’s hashrate as it dropped to a three-month low. This transpired because miners had no option but to shut down

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NFT Scaling Solution Immutable X Raises $60M in Series B Funding Round

7 days ago

Immutable X, an Ethereum-based layer 2 scaling solution for non-fungible tokens (NFTs), said it recently raised $60 million in a Series B round of funding, which was co-led by BITKRAFT Ventures and King River Capital.
According to a press release shared with CryptoPotato today, Immutable also received investments from a host of crypto-related and venture capital firms. These include Alameda Research, Galaxy Interactive, Apex Capital, VaynerFund, Fabric Ventures, Reinventure, and AirTree Ventures.
The new cash injection, which brought the firm’s total funding to $77.5 million, will be allocated to the expansion of the project’s global engineering and sales teams, and foster its partnership with blockchain gaming companies.
Furthermore, Immutable noted that the funds will be

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Robinhood Expands Crypto Services: Launches Zero-Fee Recurring Purchase Feature For Hodlers

10 days ago

In an effort to promote long-term cryptocurrency holdings, popular digital asset investment app Robinhood said it has launched a Dollar-Cost Average (DCA) feature for investors.
Promoting Long-term Crypto Investments
The service, termed Crypto Recurring Investments, will enable Robinhood users to automatically schedule purchases of their favorite cryptocurrencies in bits and at regular intervals.
Announcing the new feature in a recent blog post, the trading platform disclosed that users can automatically schedule to regularly buy any crypto on their account for as low as $1 on a daily, weekly, bi-weekly, or monthly basis.
“Our mission is to democratize finance for all. No matter what your goal is – grow your crypto portfolio, become a whole coiner, create a long-term

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CryptoCom Becomes PSG’s First Official Crypto Platform Partner

11 days ago

French soccer giant Paris Saint-Germain (PSG) has announced a new multi-year deal that will see digital asset trading platform CryptoCom become the club’s first official crypto platform partner.
CryptoCom and PSG to Launch NFTs
As per the partnership agreement, seen by CryptoPotato, CryptoCom will use its native token CRO to pay a significant portion of the sponsorship fee. The exchange will also house the collaborative and exclusive Non-Fungible Tokens (NFTs) that the club will release in the coming months.
PSG noted in the announcement that partnering with CryptoCom is natural, considering that the Parisian side has recently built “one of the strongest football teams in the history of the sport,” with the latest addition to the club being Argentine icon Lionel Messi.
An

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DeFi Land Raises $4.1M to Launch a Decentralized Finance Game on Solana

12 days ago

DeFi Land, a multi-chain agriculture simulation web game created to gamify decentralized finance, has just completed its Series A funding round, acquiring about $4.1 million from industry investors.
The project said in an official press release seen by CryptoPotato that it intends to use the fresh capital to scale its platform and services on the Solana blockchain.
The team is working towards bringing DeFi to a mainstream audience by building a solution that aggregates across different protocols.

DeFi Land to Support NFTs
DeFi Land also noted that it would support native non-fungible tokens (NFTs) and introduce a play-to-earn model that involves achievements, tasks, battles, and other ways gamers can earn income. Existing NFTs on the network will “gain a new life” through

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Moonbeam Partners with Lido to Offer Liquid Staking on Polkadot

12 days ago

Moonbeam – a Polkadot parachain smart contract platform with Ethereum compatibility, has partnered with Lido, a liquid staking derivatives protocol currently live on the Ethereum and Terra blockchains, to bring liquid staking to the Polkadot DeFi ecosystem.
The press release shared with CryptoPotato informed that the integration would enable Lido to provide liquid staking to Moonbeam and its Kusama-powered sister network, Moonriver.
It will also allow Polkadot (DOT) users to stake their digital assets while still having access to the liquidity of the staked position, enabling holders to leverage their crypto assets productively.
Liquid Staking Derivatives to Fuel DeFi Growth on Moonbeam
Moonbeam’s founder, Derek Yoo, is convinced that the integration of liquid staking

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KILT Protocol Goes Live After Winning Kusama’s 6th Parachain Auction

13 days ago

KILT Protocol is the winner of the 6th edition of the Parachain Slot Auction organized by Polkadot’s canary network, Kusama.
KILT Goes Live
According to a press release shared with CryptoPotato on Wednesday, the KILT Protocol mainnet is now live following the announcement of the milestone.
The project describes itself as an open-source blockchain identity protocol for issuing claim-based verifiable, revocable, and anonymous credentials on Web 3.0.
In the PR, KILT gave a detailed breakdown of its plans from the launch of its mainnet to the decentralization stage.
The project noted that it has now started onboarding its global network of collectors whose work will be to hold and secure the KILT blockchain data and help to build blocks.

Once the onboarding step is completed,

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Bitfinex Rolls Out Kazakhstan Regulated Security Token Exchange

13 days ago

Popular cryptocurrency exchange Bitfinex has announced the launch of a new trading platform focused on Security Token Offerings (STOs).
Bitfinex said in a recent announcement that the new platform will operate under the financial laws of Kazakhstan, as provided by the Astana Financial Services Authority (AFSA).
The STO exchange, dubbed Bitfinex Securities Ltd, has been launched as part of the company’s efforts to support the development of the global financial industry.
Bitfinex Securities Features & Offerings
Similar to existing practices in the digital asset space, Bitfinex Securities will operate on a 24/7 basis. Notably, the company has deployed technologies to reduce transaction costs, boost efficiency, and optimize the success rate of capital raised on the platform.

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Panama Bill Proposes to Regulate Bitcoin as Alternative Payment Method

14 days ago

As the global adoption of cryptocurrencies continues to soar, a new bill has been submitted in the Republic of Panama to recognize Bitcoin (BTC) and other digital currencies as alternative payment methods.
Panama Proposes Crypto Bill
Panamanian pro-crypto congressman Gabriel Silva noted on Twitter that the new bill would enable the freedom to use cryptocurrencies in the Central American country.
The bill, according to Silva, was prepared by different parties, including Panamanians, industry, and technology experts. He also stated that the legislation is in line with established policies set by the Financial Action Task Force (FATF).
According to the congressman, the new bill is established to make the country compatible with cryptocurrencies, blockchain technology, and the

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Vietnam Sees High Demand For Crypto Mining Rigs Following Bitcoin’s Recovery

15 days ago

Vietnam has recently started recording high demand for crypto mining equipment as more people join the sector to mine cryptocurrencies like bitcoin, ether, and others.
Interestingly, the mining rig market in Vietnam saw a significant decline a few months ago after bitcoin lost more than 50% of its value and traded below $30,000 due to several FUDs from China.
However, with bitcoin now trading above $50,000, more people are looking to engage in mining activities and are increasingly purchasing rigs, VnExpress reported Monday.
Quang Thuan, an entrepreneur who owns a chain of shops that supply mining equipment in Ho Chi Minh City, revealed that sales have tripped in early September compared to the last month.
High Cost of Mining Rigs
The surging demand has made mining

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Cyclos Raises $2.1M to Develop the First Concentrated Liquidity AMM on Solana

15 days ago

Cyclos, a concentrated liquidity market maker, built on Solana, has announced that it has raised $2.1 million in a private and public funding round, which saw the participation of notable investors in the industry.
Per a press release shared today with CryptoPotato, the investors involved in the just-concluded funding round include Huobi Ventures, CMS Holdings, Hashkey, Coin98 Ventures, Solana Capital, Gate.io cryptocurrency exchange, Youbi Capital, among several others.
Funds to Boost Liquidity & Solana DeFi Space
The funds realized will be used to develop the first concentrated liquidity automated market maker (AMM) on the Solana blockchain.
Notably, with the funding, liquidity can be provided on the decentralized exchange Serum based on the ranges specified by the

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Justin Sun Explains Spending $500k on EtherRock NFT: It’s Just Like Picasso in 1932

16 days ago

Last month, Justin Sun, the founder of the popular blockchain TRON, purchased one Ether Rock for $500,000 and he believes that the art is like Picasso in 1932.
Ether Rocks is one of the oldest non-fungible token collectibles that started gaining traction earlier this year. The NFT collection was launched in December 2017 and consists of 100 digital rocks that were tokenized on the Ethereum blockchain.
Shortly after they were created, ETHRocks sold for 0.0999 ETH which was worth about $300 at the time. However, four years later, these digital arts are priced between $134,240 and $3 million.
Sold for half a million USD to Justin Sun. Ether RockSun: It’s Just Like Picasso
Speaking in an interview with Bloomberg Quicktake yesterday, Sun explained why he comfortably spent half

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American Singer Jason Derulo Says He Betted on Solana in June

17 days ago

American songwriter, singer, and dancer Jason Derulo revealed today that he invested in crypto, particularly Solana (SOL) back in June and it has been a great ride.
Jason Derulo’s Bet on Solana Paid Off Well
Expressing his delight, Derulo tweeted saying “I betted on Solana in June. Wow, what a ride! #crypto.”
While the celebrity did not share the amount he invested in SOL or if he has other crypto assets in his portfolio, it is certain that he is in massive profit, considering how much value the coin has gained over the last three months.
Recall that in June, Solana traded between $25 and $41, but the coin took the market by storm in August and dethroned Dogecoin as the top seven crypto before recording an all-time high of $150 on September 4, 2021.
Just like Jason who is

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SEC Nigeria Establishes Fintech Unit to Research Cryptocurrencies

17 days ago

Eight months after Nigeria’s central bank banned banks from serving crypto entities and investors, the country’s Securities and Exchange Commission (SEC Nigeria) has established a fintech unit that will help formulate regulations for the digital asset industry.
SEC Sets up Fintech Unit for Crypto Research
The financial watchdog announced that the new division will research crypto investments and products in order to come up with regulatory guidelines that will help protect investors.
Speaking on the development, Lamido Yuguda, SEC Nigeria’s Director General, said:
“We are looking at this market closely to see how we can bring out regulations that will help investors protect their investment in blockchain.”
Since the SEC regards all crypto assets “as securities unless

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US Judge Grants the SEC Access to Ripple’s Missing Internal Conversations on Slack

18 days ago

The legal case between the United States Securities and Exchange Commission (SEC) and the blockchain company Ripple Labs continues to intensify and this time, the regulator has been granted access to the payment processor’s employee Stack communications.
A Win for the SEC
As reported by Law360, the SEC earned the discovery win after US Magistrate Judge Sarah Netburn ordered Ripple to give the regulator access to more than one million Slack messages that were previously missing.
While Ripple has already handed over some of its internal discussions to the watchdog, the company refused to hand over a massive part of the communications. The firm cited a processing error, even though it had previously agreed to a search of its “terabytes” of Slack data at the outset of

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Poolz Launches $2M Fund for NFTs and Metaverse Gaming Projects

18 days ago

Decentralized fundraising cross-chain platform Poolz has launched a $2 million crypto fund that will enable it to invest in promising non-fungible tokens (NFTs) and blockchain-based gaming projects.
Poolz to Invest in NFTs and Metaverse Projects
The fund will be used to support developers who are into NFTs and metaverse gaming and to eliminate any financial constraints they may encounter while working on their projects, Poolz said in an official release shared with CryptoPotato.
Notably, through the latest funding, Poolz has become a leading Initial DEX Offering (IDO) platform committed to supporting talented NFTs and metaverse gaming developers to help them achieve major feats in their respective niches.
Poolz is also planning to go beyond funding these projects by

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Dogecoin 2.0 (DOGE2) Surges 300% in a Day Despite Dogecoin Foundation’s Threats

19 days ago

The meteoric rise in the price of the meme-inspired cryptocurrency, Dogecoin, has prompted many other versions of “crypto dog” tokens with the hope of getting a similar effect.
While most of these projects have experienced failures due to lack of exposure and liquidity, some appear to be making waves and drawing the attention of the crypto community.
Dogecoin 2.0 (DOGE2), a Dogecoin copycat that was launched on the Binance Smart Chain Network earlier in May, has seen a lot of hype recently.  The price of DOGE2 has skyrocketed due to its listing on several top crypto exchanges.
Dogecoin Foundation Issues Warning
But the Dogecoin Foundation is not happy about it and has issued a stern warning against DOGE 2.0.
For clarity, the Dogecoin Foundation is an organization that

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BitPay Partners With 1inch Network to Give Users Access to DEX Aggregation Functionality

21 days ago

Leading decentralized exchange (DEX) aggregator, 1inch Network has announced its partnership with the world’s largest bitcoin and cryptocurrency payment services provider, BitPay.
BitPay Integrates With 1inch
The integration with 1inch will enable BitPay wallet users to gain access to all of 1inch’s DEX aggregation functionalities for the best deals from multiple liquidity sources, the partners said in a press release.
Leveraging the lucrative rates for crypto swaps that 1inch offers to those on its platform, BitPay wallet users can swap BTC and ETH, purchased using their BitPay Card, Apple Pay, or Google Pay for other crypto assets. Thus, they can benefit from the best rates and fastest transactions provided by 1inch Network.
BitPay clients can thus enjoy a seamless

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Wanchain Taps Moonbeam to Enhance Polkadot’s Kusama DeFi Ecosystem

21 days ago

Blockchain interoperability solution, Wanchain, has partnered with Moonbeam to deploy its non-custodial cross-chain infrastructure on Moonriver as part of its efforts to strengthen the decentralized finance (DeFi) ecosystem of Polkadot’s Canary network, Kusama.
According to an official press release, both Wanchain and Moonbeam are poised to develop a multi-chain structure for the blockchain sector with Kusama-based Moonriver becoming a recipient of the service.
Commenting on the development, Ni Li, VP of Business Development at Wanchain, said the firm chose to partner with Moonbeam because of the project’s vision in developing an Ethereum-compatible environment in Polkadot.
“By working closely with Moonbeam, Wanchain’s best-in-class cross-chain infrastructure will connect

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DeFi Protocol Balancer Joins Arbitrum to Scale Liquidity and Reduce Gas Fees

21 days ago

Leading automated market maker (AMM) Balancer Protocol has announced that it has launched support on the Layer 2 scaling solution, Arbitrum.
Balancer Launches on Arbitrum
In a press release shared with CryptoPotato on Tuesday, Balancer noted that the move is an effort to “significantly reduce gas costs and scale liquidity.”
Arbitrum is a leading scaling solution within Ethereum’s layer-2 ecosystem that has managed to make a name for itself in the industry despite being a relatively new project.
The explosive growth of the DeFi market has attracted many investors, pushing the total value locked in the sector to a whopping $82 billion. However, the influx of people into DeFi has also caused gas fees to shoot over the roof, thus making it difficult for small traders to

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DeFi and CeFi Aggregator OpenOcean Integrates Avalanche to Enhance Liquidity

22 days ago

Leading DeFi and CeFi aggregator OpenOcean has continued to expand its ecosystem and has just recently integrated Avalanche, a high-scalable and open-source platform for launching decentralized finance apps.
In a Monday press release shared with CryptoPotato, OpenOcean noted that its integration with Avalanche will allow its users to swap different digital assets utilizing the best prices available in the market, with minimal risks of slippage.
OpenOcean Partners With Avalanche-based DEXs
To ensure that its users get an enhanced trading experience on Avalanche, OpenOcean has partnered with mainstream decentralized exchanges (DEXs), employing the former’s platform. Those include Trader Joe and Pangolin, and the goal is to provide customers with the highest level of

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FUD Again: Bitcoin Has No Value, Says People’s Bank of China’s Official

22 days ago

The Chinese government has continued its conscious efforts to eliminate the use of cryptocurrencies in the country by constantly reminding the general public of the risks associated with them.
During a media briefing on August 27th, the deputy director of the Financial Consumer Rights Protection Bureau of the People’s Bank of China (PBoC), Yin Youping, stated that digital assets are nothing but mere investment speculations, a local news outlet reported.
He warned investors to protect their “pockets” by staying away from any crypto-related transactions and increasing their awareness of the risks associated with such investments.
“We remind the people once again that virtual currencies such as Bitcoin are not legal tender and have no actual value support,” he said.
PBoC

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Costly Mistake: Mutant Ape NFT Sold for 17 USDC Instead of 17 ETH Worth $54k

23 days ago

While mistakes are inevitable, some are costlier than others, and this one has cost an NFT holder $54,000.
After minting the Mutant Ape #5275 NFT hours ago, the holder then tried to sell it on OpenSea, but the deal did not go as he would have wanted. Instead of selling his Ape for $54,000, the owner mistakenly sold it for $17, which is 99.9% below a floor price of 7.95 ETH ($24,200).
$17 Instead of $54k
Most digital collectibles on OpenSea and other Ethereum-based NFT markets are generally priced using ETH. As a result, the owner thought the offer on his NFT was 17 ETH ($54,000), and he accepted it without knowing that the offer was just $17 in USDC stablecoin.

OUCH owner of the Mutant Ape 5275 fell for the old usdc bid trick pic.twitter.com/vTX4VGP4X1
— wawin (@wawin)

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NFTs Reached NBA: Stephen Curry Purchased ‘Bored Ape’ For $180K

23 days ago

As the NFT craze continues to grow strong, Golden State Warriors icon Stephen Curry recently spent 55 ETH worth about $180,000 to purchase Bored Ape, one of NFT collections currently trending on Crypto Twitter.
Stephen Curry Buys Rare Bored Ape NFT
The two-time MVP now holds one of the 10,000 apes that will ever exist in the Bored Ape Yacht Club (BAYC) collection. Interestingly, the ape was first sold for 0.68 ETH ($2,210) and 1.5 ETH ($4,875) just three months ago before Curry purchased it for more than 80x its initial price.
The bored apes’ NFTs have over 170 different characteristics like outfits, headwear, fur, facial expressions, and more. Each attribute has a given probability of occurrence, and Curry’s ape has some of the rarest characteristics in the Bored Ape

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Nearly $2 Billion Stablecoins Recently Flowed into Exchanges: Here’s What This Means (Analysis)

25 days ago

Stablecoins remain the most traded assets in the crypto market. Fresh data from on-chain analytics firm CryptoQuant shows that nearly $2 billion worth of those tokens were recently moved into exchanges.
According to Ki Young Ju, CEO of CryptoQuant, these massive deposits are actually a bullish sign for the industry.
Ju noted that most crypto trading platforms usually fill the market to enable users to purchase different coins, including Bitcoin (BTC), Ethereum (ETH), and others, as traders prefer to buy these assets using stablecoins rather than fiat.
He added that exchanges sometimes hold large volumes of stablecoins in reserve in order to process users’ withdrawal requests during high market volatility.
Ju: People are Converting Fiat Money to Crypto
Regardless of what

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Hacked Exchange Liquid Global Secures $120M Debt Finance from FTX

26 days ago

Recently hacked Japanese cryptocurrency exchange Liquid Global has secured a $120 million debt financing from Sam Bankman-Fried’s FTX exchange.
According to an official statement by Liquid, the recent funding is part of efforts by both parties to pursue other collaborative opportunities that will contribute immensely to the global cryptocurrency ecosystem.
Seth Melamed, COO of Liquid, said the firm’s joint venture with FTX is vital in delivering top-notch services and innovative products to its customers in Japan and other parts of the world, adding:
“By collaborating with FTX, we see enormous opportunities to drive innovation and change the future of finance with blockchain technology.”
Liquid Regulatory Compliance Pursuit
Under the partnership, FTX’s financial expertise

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