FTX in talks with investors to raise $1B for further acquisitions — Reports
The potential $1 billion funding round would add to the $400 million FTX raised in January, with the firm said to be seeking more capital to snap up deals amid the crypto winter. Sam-Bankman Fried’s crypto exchange FTX is reportedly engaged in talks with investors to raise $1 billion in new funding, as it looks to utilize extra capital for financial acquisitions during the bear market. According to a Sept. 21 report from CNBC which cites sources close to the matter, the talks are still ongoing and the details could still be subject to change. If found to be true, the funding amount would....
Related News
Indian bitcoin exchange and wallet provider Zebpay is reportedly in talks to raise $4 million in funding from domestic and international investors. Zebpay, a bitcoin services firm with offices in India and Singapore is in talks to raise what would be a record round of funding for a bitcoin startup in the country, according to local publication TechCircle. Saurabh Agarwal, chief executive and co-founder of the bitcoin company revealed Pantera Capital, a prolific US-based bitcoin investment firm has shown interest in the funding round. The funding round will be led by an unnamed Indian....
SBI Holdings is reportedly considering mergers and acquisitions as a means of solidifying a potential deal. Japanese financial conglomerate SBI Holdings is reportedly planning to set up a joint cryptocurrency venture with foreign financial companies.SBI CEO Yoshitaka Kitao said that the Japanese company is in talks with other financial firms to launch a crypto venture, Reuters reports Feb. 15. The executive said that SBI currently has two potential deals.As part of the initiative, SBI is considering large-scale mergers and acquisitions. Kitao stated that such a deal would be necessary for....
Latest reports from South Africa suggest that the country’s tax agency will now be targeting cryptocurrency investors as it attempts to increase the total value of revenues collected. Alongside high net worth individuals and offshore investors, digital currency holders now constitute an area that is “likely to yield much of the extra tax” for the revenue collector. Crypto Investors Unaware of Tax Liabilities However, according to a report, many South African cryptocurrency holders are “oblivious of the fact that trading in cryptocurrency renders them liable for....
Financiers from New York and London are said to be leading the private investment round, according to reports. Cryptocurrency lending platform BlockFi is reportedly looking to raise hundreds of millions of dollars in new funding at a valuation of nearly $5 billion, offering further insights into the growth of crypto-focused companies.The company, which was founded in 2017 by Zac Prince and Flori Marquez, is said to be in late-stage talks with new and existing investors to secure the capital raise, according to technology publication The Information. New York-based hedge fund Third Point....
The Hermitage Museum in Saint Petersburg is considering issuing NFTs for works of art from its rich collection and is holding talks with Binance on the matter. The museum’s management expects the tokens to bring extra funding, provided Russian authorities exempt NFTs from current digital assets regulations. Hermitage Museum in Talks With Binance for Artwork NFTs The world-renowned State Hermitage Museum in Russia is negotiating with leading cryptocurrency exchange, Binance, on the issuance and sale of non-fungible tokens (NFTs) of artwork. On June 24, Binance launched its NFT....