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7 articles
Fintech platform Dave has announced that it will buy a convertible promissory note worth $100 million from FTX at the price of $71 million. The banking app plans to part ways with the FTX exchange, which is fighting for its survival amid bankruptcy and all the legal woes. Quick Take: As per details, the convertible
Afroz Ahmad
As we come to the end of the year, there have been several memorable NFT moments of 2022 that have left a lasting impression As the year comes to a close, what better way to reflect than to look back on notable NFT moments of 2022? From the rise of pop culture-inspired apes and gas
Leah Waters
Many Web3 companies view the FTX aftermath as a learning curve—abiding by all regulations to prevent finding themselves in SBF’s situation Since Binance’s rash decision to purchase FTX fell through—and the crypto exchange became bankrupt—it’s been unclear what’s happening with FTX and its owner Sam Bankman-Fried (SBF). However, what we do know, is that many non-fungible
Leah Waters
The FTX crash sets one of the biggest failures of the crypto industry to this day. Every investor in FTX is regretting their decision to trust the exchange in the first. However, to gain the crypto enthusiasts’ trust back, Telegram is launching a new decentralized crypto Telegram exchange. Telegram plans to create decentralized and trustless
Anvi Saini
Due to the well-reported collapse of the cryptocurrency platform, FTX, the Coachella Lifetime Pass NFTs sold on their NFT marketplace are now unavailable. It was reported that when they were initially launched in February, two of the passes from the limited edition collection were sold for $250,000. Quick Take: About the Coachella NFTs In February
Ross Wardrop
FTX bankruptcy puts 98 OG NFTs at risk—including some of the rarest, golden-furred Bored Apes FTX holds Bored Ape and Otherdeed for Otherside NFTs following helping Yuga Labs raise capital. Thus, around $5.8 million (5,000 ETH) worth of OG NFTs are at risk due to FTX’s recent bankruptcy. Quick Take: Related Content: Sequoia Capital’s $213.5
Leah Waters
The fears are all but confirmed. Just now, according to Bloomberg, Sam Bankman-Fried, the CEO and Founder of crypto exchange FTX, has issued a warning to his investors. The warning was simple: we need more cash or we are going bankrupt. Bankman-Fried has stated the firm faces a shortfall of cash of up to $8
Ty Smith
