FTX reportedly shopping for brokerages in preparation for stock trading

ftx-reportedly-shopping-for-brokerages-in-preparation-for-stock-trading

Amid its plans to roll out stock trading services, FTX has reportedly met with at least three brokerage start-ups over the past few months regarding potential acquisitions. Crypto derivatives exchange and NFT platform FTX is reportedly in the market for brokerage start-ups as part of its recently announced plans to expand support to stock trading. … Read more

FTX US to launch stock trading against stablecoins

ftx-us-to-launch-stock-trading-against-stablecoins

FTX Stocks will allow retail investors to fund their accounts with fiat-backed stablecoins like USD Coin via the FTX US crypto exchange. Major cryptocurrency exchange FTX is moving into equity trading, with its United States-based subsidiary FTX US launching a stock trading platform. West Realm Shires Services, the owner and operator of FTX US, announced … Read more

Candidate supported by Bankman-Fried-linked PAC loses Oregon primary

candidate-supported-by-bankman-fried-linked-pac-loses-oregon-primary

Record spending in a Democratic House primary could not give a political newcomer the boost he needed to overcome a local politician with a long career. Andrea Salinas has won the Democratic primary election for the newly created Oregon 6th District seat in the United States House of Representatives. Practically since it started, the election … Read more

FTX CEO sees no future in Bitcoin payments, community fires back

ftx-ceo-sees-no-future-in-bitcoin-payments,-community-fires-back

FTX CEO’s comments on Bitcoin received heavy backlash from the crypto community, with many reminding him of Solana, a PoS network that has gone offline half a dozen times. Sam Bankman-Fried, the founder of crypto exchange FTX, has criticized the efficiency of Bitcoin (BTC) as a payment network, only to meet heavy backlash from the … Read more

Robinhood shares spike 30% after Sam Bankman-Fried buys $650M stake

robinhood-shares-spike-30%-after-sam-bankman-fried-buys-$650m-stake

Shares in the popular online brokerage Robinhood have spiked over 30% in after-hours trading following billionaire Sam Bankman-Fried acquiring a 7.6% stake in the company. Sam Bankman-Fried, the billionaire founder and CEO of cryptocurrency exchange FTX, has acquired a substantial 7.6% stake in the popular online brokerage, Robinhood.  The news was well-received by the market, … Read more