FTX US Launches Stock Trading for Select Users

ftx-us-launches-stock-trading-for-select-users

The US arm of the cryptocurrency exchange, FTX, is going old school with the launch of its new stock-trading service for a limited number of users in the country. The new offering is being released through FTX Capital Markets, which happens to be a FINRA member broker-dealer. Push for Stock Trading According to the official … Read more

Jack Dorsey Responds to SBF’s Comments on Bitcoin Scaling and Proof of Work

jack-dorsey-responds-to-sbf’s-comments-on-bitcoin-scaling-and-proof-of-work

Jack Dorsey was not pleased with FTX CEO Sam Bankman Fried (SBF)’s recent criticisms of Bitcoin’s viability as a payments system. The Block Head confronted him yesterday over his failure to acknowledge the lightning network and provided defense for the necessity of mining. SBF’s Interview The conflict began when SBF responded to some backlash over … Read more

FTX CEO Thinks Bitcoin Has No Future as a Payment System

ftx-ceo-thinks-bitcoin-has-no-future-as-a-payment-system

Sam Bankman-Fried – Chief Executive Officer of the crypto exchange FTX – argued that bitcoin will not emerge as a global payment network. He labeled it inefficient and harmful to the environment due to its proof-of-work mining model. However, he doesn’t believe BTC “has to go” as it could serve as a store of value … Read more

FTX’s Sam Bankman-Fried Buys 7.6% Stake in Robinhood, HOOD Surges 23%

ftx’s-sam-bankman-fried-buys-7.6%-stake-in-robinhood,-hood-surges-23%

Sam Bankman-Fried, the CEO of leading crypto exchange FTX, has purchased a 7.6% stake in the online trading platform Robinhood. According to a Thursday filing with the US Securities and Exchange Commission (SEC), the billionaire’s shares are worth $648 million, purchased at an average price of $11.52. Of note, the deal involved Emergent Fidelity Technologies … Read more