FTX Secures Massive $228 Million Agreement To Withdraw Assets From Crypto Exc...
In an ongoing effort to recover assets to repay creditors affected by its collapse in 2022, defunct crypto exchange FTX, once run by 25-year convict Sam Bankman-Fried, has reached an agreement with UAE-based crypto platform Bybit, allowing it to withdraw assets as part of a $228 million settlement. FTX To Recoup Funds From Bybit According […]
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Argo Blockchain expresses joy as it announces a £14 million ($20 million) loan agreement on its website. The deal, spanning six months, was secured with Galaxy Digital LP using a portion of its Bitcoin ownership as collateral. The bitcoin-backed loan agreement is expected to grow its operations in Texas, United States of America. The blockchain platform thus […]
Dave, the digital banking software that went public on the Nasdaq two months ago, is stepping up its cryptocurrency ambitions following a new $100 million investment from crypto exchange FTX. Dave Inc. established a strategic agreement with West Realm Shires Services, Inc., the owner and operator of FTX US, on Tuesday to further develop the […]
The European Union is reportedly nearing close to reaching an agreement in the Markets in Crypto-Assets (MiCA) regarding the regulatory framework. This framework concerns a legislative package which will be responsible in extensively regulating the crypto market and all the related activities in Europe. EU is supposed to sign on the agreement by this month […]
Synthetic assets open up several opportunities for investors by not confining them to a specific location. If the concept excites you, there’s good news from XCarnival. Recently, XCarnival announced it has secured a two-million US dollar seed investment in its quest to reinvent synthetic assets in crypto. This investment was led by top crypto funds including Fundamental Labs, Zonff Partners, SNZ, EVG, NGC, etc. At the same time, institutions like AU21, Incuba Alpha, DFG, WaterDrip, LD Capital, Gate, ChainCapital and Bitrise Capital. “We are very excited for the funding....
The Bitcoin mining giant has entered into another BTC-backed loan agreement with Galaxy Digital as it pursues further operational expansions. Argo Blockchain has secured another loan agreement from Galaxy Digital LP with the mining firm’s Bitcoin (BTC) as collateral.According to an announcement by the London Stock Exchange on Friday, the new Bitcoin-backed loan agreement is to the tune of 18.05 million pounds (about $25 million).As previously reported by Cointelegraph, Argo entered into a prior BTC-backed loan agreement with Galaxy Digital for $20 million back in June.The United....