Tag Archives: Sam Bankman-Fried (SBF)

Days after its US branch raised $400 million, so has done the global exchange FTX. Thus, its total valuation grew to $32 billion. CryptoPotato reported last week the funding round in which FTX US raised $400 million from different investors such as Japan’s SoftBank Group Corp and Singapore’s Temasek Holdings. Less than a week later, CNBC reported that the new funding round for the global digital asset exchange FTX saw participation from some of the same investors. With this...

Despite the multiple outages that the Solana network suffered in recent months, FTX CEO Sam Bankman-Fried (SBF) believes the high-performance blockchain is still better than other networks in the industry. The latest Solana network outage happened on Friday and lasted for more than 48 hours, causing DeFi users who borrowed funds from lending platforms to suffer forced liquidation. According to Solana’s team, Friday’s incident resulted from “excessive duplicate transactions”...

2021 was indeed an eventful year for the cryptocurrency industry. Many milestones were achieved within the last 12 months. We saw an influx of institutional investors adopting crypto assets, especially Bitcoin, as a hedge against inflation. Non-fungible tokens (NFTs) became a thing for celebrities and retail investors, with billions of dollars traded in exchange for different digital collectibles. While the landmark growth of the industry was championed by different players,...