In a shrewd financial maneuver, Dave Inc. secured FTX Ventures' convertible debt at a discounted rate of $71 million. The completion of the deal is subject to court approval, with stringent conditions to prevent alternative transactions. Dave Inc.'s CEO, Jason Wilk, expresses confidence in the move, while FTT, FTX's native cryptocurrency, sees a 15% surge. FTT is currently trading at $2.99.
Cheng YuanThis crypto exchange presents a self-custodial solution that incorporates a multiparty computation technique, ensuring the utmost security for entrusted funds.
KikyoReport Provides High-Level Overview of Control Failures by Previous Management Team Across Critical Functions
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Coinlive The Solana blockchain is back working again after two attempts to fix it. Engineers are monitoring its performance.
TheBlockThe company is seeking a U.S. court order to let customers withdraw digital assets locked up in wallets on the platform.
CoindeskThe Financial Times has seen a copy of an FTX balance sheet showing that the bankrupt crypto exchange had only $900mn of assets it could easily sell.
Financial TimesCoinlive Both the major crypto exchange and its U.S. arm closed on separate $400 million funding rounds in January.
CointelegraphWithout centralized cryptocurrency exchanges, few would understand the true potential this asset class is able to unlock.
Cointelegraph