ZEN INVESTING
Binance CEO Denies Bloomberg's Net Worth Report
Binance CEO CZ denies Bloomberg's finance rich list that reported his net worth to be $28.2 billion. He claims to have a lot less than what is reported by some media outlets. CZ also stated that he does not view FTX exchange as a rival and welcomes more well-run exchanges in the space. CZ has been critical of mainstream media's representation of the cryptocurrency industry and has repeatedly denied information from major sources like Bloomberg and Forbes.
FTX Future Fund Shut Down Following Exchange's Collapse
FTX Future Fund, the philanthropic arm of FTX exchange, has shut down following the exchange's collapse in November 2022. The fund had pledged $1 billion in donations toward research academics across prestigious universities, but the team behind the project resigned after FTX filed for bankruptcy. Many scholars and researchers who were early recipients of the grant are now stuck in limbo over payment of further grants for their programs.
Federal Judge Refuses to Consolidate Class-Action Lawsuits Against FTX Exchange
A federal judge has denied a request to consolidate five proposed class-action lawsuits against the bankrupt crypto exchange FTX. The plaintiffs, including Julie Papadakis, Michael Elliott Jessup, Stephen Pierce, Elliott Lam, and Russell Hawkins, accuse former FTX CEO Sam Bankman-Fried and other executives of misappropriating assets. While all the plaintiffs are pursuing Bankman-Fried, the cases also involve various other defendants, including outside auditors and exchange promoters. The judge pointed out that not all defendants had the opportunity to respond yet, and there's no need to consolidate before hearing their side.
FTX Looking to Launch its Own Stablecoin - Sam Bankman-Fried
FTX CEO Sam Bankman-Fried has given a hint that the exchange will launch its own stablecoin
Sam Bankman-Fried Denies FTX Has Plans to Purchase Stake in Huobi
Sam Bankman-Fried is a well-known figure in the digital currency ecosystem, and while his personality gained popularity as a proficient crypto trader, his investment prowess is now largely standing out.
Sam Bankman-Fried Donates $16m to Democratic Super PACs in April: Bloomberg
FTX Derivatives Exchange’s Chief Executive Officer Sam Bankman-Fried has doubled down in his donations to Democratic-led Super Political Action Committees (PACs), with a total donation of $16 million in April.
Goldman Sachs Lobbying FTX Exchange for an IPO Move
American investment banking giant, Goldman Sachs is notably lobbying FTX Derivatives exchange if the crypto trading platform decides to conduct IPO shortly.
FTX Exchange Acquires Japan-based Liquid Exchange
FTX Derivatives Exchange has acquired Japanese digital assets brokerage firm, Liquid Group, and its existing subsidiaries Quinone Corporation and Quinone Pte in Singapore.
FTX Exchange Tops $32B Valuation with a $400M Series-C Venture Funding
FTX Derivatives Exchange has concluded its Series C funding round where it raised the sum of $400 million to increase its valuation to $32 billion.
FTX Exchange Acquires Blockfolio for $150M, Sixth-Largest Crypto Acquisition in History
FTX cryptocurrency exchange is now expanding its retail aspirations by acquiring the top crypto app, Blockfolio for $150 million.