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Tag Archives: FTX Exchange

FTX US Reports 500% Volume Increase in Q3 Despite Market-Wide Headwinds

The Q3 woes have not hindered FTX.US from posting impressive figures for the same time period. As a matter of fact, the platform claims to lead all crypto asset exchanges in the United States with respect to liquidity. FTX.US’ Volume Soars More Than 500% According to the latest report, the average daily volumes of FTX.US have surged by an astonishing 512% in its Q3 than the previous quarter. The metric even increased to $807 million during a 24-hour period on the 7th of...

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Crypto Exchange FTX Buys Ad for the Super Bowl

FTX, the booming cryptocurrency and crypto derivatives exchange founded by Sam Bankman Fried, recently purchased an ad for next year’s Super Bowl, according to reports. The Super Bowl is the most significant event in American football. It is the annual championship game of the National Football League. The NFL is the most valuable professional sports league in U.S. and Canada, with some US$13 billion in revenue, according to Sport Casting data. For reference only, the MLB and...

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Bitcoin Price Flash Crashed 87% to $8200 on Binance US

After yesterday’s new all-time high at $67,000, bitcoin corrected today with a steep decline to below $64,000. On some exchanges, though, the crash was significantly more violent as BTC dropped as low as $54,000 on Kraken and to four digits on Binance.US. October 20th was a historic day for the primary cryptocurrency as it finally skyrocketed above its previous all-time high and peaked at $67,000. It happened on the wings of the recently approved Bitcoin Futures ETF in the...

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FTX Closes $420 Million in Series B-1 Funding: Company Now Valued At $25 Billion

One of the leading cryptocurrency exchanges, FTX, just revealed that it finalized massive funding round, the numbers in which are inspired by – you guessed it – the 420 and 69 meme numbers. Memes have become particularly popular and part of the cryptocurrency culture. From food-based tokens, apes, degens, and pop culture numbers, it appears that we’ve seen it all. Yet, Sam Bankman-Fried’s FTX cryptocurrency exchange doesn’t stop to lift eyebrows. In a recent press release, it...

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Solana’s 17-Hour Outage Was Sad And Frustrating, Says FTX’s Sam Bankman-Fried

Sam Bankman-Fried – CEO of the cryptocurrency exchange FTX – opined that the 17-hour network outage which Solana (SOL) experienced last week was due to its rapid growth. He also said stablecoins are an essential part of the ecosystem and urged the US regulators not to ban them. Solana Was Down Because It Grows Too Quickly In a recent interview for Bloomberg, the Founder and CEO of FTX – Sam Bankman-Fried – shared his stance on hot topics such as Solana’s disruption and...

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Looks Rare: SBF’s TEST NFT Sells for $270K on FTX Marketplace as FTT Surges to ATH

The NFT season continues to boom, and it shows little signs of slowing down, despite the talks of an NFT bubble. The most recent example of it is the ‘TEST’ NFT created by the CEO of FTX – Sam Bankman-Fried. ‘TEST’ NFT Sells for a Whopping $270K As CryptoPotato reported yesterday, FTX allowed users to mint custom non-fungible tokens (NFTs) on their exchange. Fun fact: once they did so, users flooded the platform with drawings of fish. In fact, the images were so many that SBF...

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FTX Puts a $10 Paywall For Its New NFT Minting Feature

Opening up to the growing artistic marketplace, FTX recently announced the ability to mint custom NFTs directly on their exchange. However, they were quickly forced to place a pricey paywall behind the feature in response to a wave of spam images. NFTs on FTX Exchange The new feature was announced by FTX CEO Sam Bankman Fried (aka SBF) on Twitter earlier today. His tweet linked to a simple test NFT that he posted on the exchange as a sample. The image– merely a white...

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

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...

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FTX And ‘The Bears’ Partner Up: Cal Athletics to Receive Crypto Payments

Cal Athletics – the sports teams representing the University of California, Berkeley – and FTX have signed the first sponsorship between a college athletic department and a cryptocurrency platform. As part of the $17.5 million deal, the team’s home ground will change its name to FTX Field at California Memorial Stadium. At the same time, the university will receive the payment entirely in digital assets. FTX Enters into New Waters According to a recent press release, the...

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Amid Tightening Regulations: SBF Explains FTX’s In-Depth KYC Process

In light of recent regulatory scrutiny on the entire industry from global watchdogs, digital asset exchanges have attempted to enhance their efforts in order to comply with emerging legislation. The latest to outline its strategy is FTX, as the company’s CEO explained. FTX’s KYC/AML Endeavors The cryptocurrency space saw massive growth in the past year or so, and somewhat expectedly, its highly unregulated nature caught the attention of global watchdogs. Centralized digital...

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