DAPPSBF had planned to sell the company to Binance in the early days of FTX
SBF testified in court on Friday that it had planned to sell the company to Binance when FTX was in its infancy. SBF believed that FTX could become a venue dedicated to providing services to margin traders at a time when there were basically no companies in the industry doing this business, so he expected that exchanges like Binance might be interested in buying FTX. SBF said that in the early days of FTX, “acquiring customers was very challenging,” but word of mouth enabled the company to su...
DAPPFinancial technology company CFX Labs completed a US$9.5 million seed round of financing, with parti…
CFX Labs, an American financial technology company, announced the completion of US$9.5 million in financing, with participation from Shima Capital, Decasonic, Antalpha, CMT Digital, Corazon Capital, Kraken Ventures, New Form Capital, and Metropolitan Capital Bank & Trust. The funds from this round of financing will be used to expand its stablecoin payment and remittance network based on the Solana blockchain. It is reported that CFX Labs’ payment network enables people to send and receive fia...
DAPPSBF had planned to sell the company to Binance in the early days of FTX
SBF testified in court on Friday that it had planned to sell the company to Binance when FTX was in its infancy. SBF believed that FTX could become a venue dedicated to providing services to margin traders at a time when there were basically no companies in the industry doing this business, so he expected that exchanges like Binance might be interested in buying FTX. SBF said that in the early days of FTX, “acquiring customers was very challenging,” but word of mouth enabled the company to su...
DAPPFinancial technology company CFX Labs completed a US$9.5 million seed round of financing, with parti…
CFX Labs, an American financial technology company, announced the completion of US$9.5 million in financing, with participation from Shima Capital, Decasonic, Antalpha, CMT Digital, Corazon Capital, Kraken Ventures, New Form Capital, and Metropolitan Capital Bank & Trust. The funds from this round of financing will be used to expand its stablecoin payment and remittance network based on the Solana blockchain. It is reported that CFX Labs’ payment network enables people to send and receive fia...
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Coinbase CEO Brian Armstrong is “pretty optimistic” about the approval of a Bitcoin spot ETF. He emphasized that although there is no internal information about this matter, judging from all the public content he has seen, the approval of the Bitcoin spot ETF is getting closer and closer. He added that he was “very optimistic” about the approval of a Bitcoin spot ETF next year. Of the 13 potential Bitcoin ETF issuers, 10 chose Coinbase Custody as their custodian. This means Coinbase may hold billions of dollars worth of Bitcoin on behalf of these funds. Brian Armstrong disagreed with the statement that "concentrating so many Bitcoins in one custody institution will bring risks" and said that this is people's recognition and trust in Coinbase. He said that in the long term, the crypto custody business is attractive to many companies and will enhance the diversity of the ecosystem.
Coinbase CEO Brian Armstrong is “pretty optimistic” about the approval of a Bitcoin spot ETF. He emphasized that although there is no internal information about this matter, judging from all the public content he has seen, the approval of the Bitcoin spot ETF is getting closer and closer. He added that he was “very optimistic” about the approval of a Bitcoin spot ETF next year. Of the 13 potential Bitcoin ETF issuers, 10 chose Coinbase Custody as their custodian. This means Coinbase may hold billions of dollars worth of Bitcoin on behalf of these funds. Brian Armstrong disagreed with the statement that "concentrating so many Bitcoins in one custody institution will bring risks" and said that this is people's recognition and trust in Coinbase. He said that in the long term, the crypto custody business is attractive to many companies and will enhance the diversity of the ecosystem.
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