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No ‘appetite’: Lawmakers in consensus on opposing potential Silicon Valley Bank bailout In a rare show of consensus, congressional lawmakers from both parties on Sunday said they would oppose any potential bailout options for Silicon Valley Bank, which collapsed on Friday in the largest bank failure since the 2008 financial crisis. Treasury Secretary Janet Yellen…
” Ripple to consider deals for FTX assets: Brad Garlinghouse “ Ripple CEO Brad Garlinghouse is reportedly interested in buying certain parts of collapsed crypto exchange FTX. On the sidelines of Ripple’s Swell conference in London — was held on Nov. 16 and 17 — Garlinghouse told The Sunday Times that former FTX CEO Sam…
” Friday after-work drinks with Twitter’s new owner Elon Musk, who’s in? “ Crypto-friendly billionaire Elon Musk is set to finalize the acquisition of social media platform Twitter by Friday, Oct. 28 which brings to a close the protracted Musk-Twitter saga. On Oct. 24 Musk vowed to the banks assisting with the roughly $13 billion…
” Sam Bankman-Fried sheds light on how FTX would approach a Celsius bid “ FTX founder and CEO Sam Bankman-Fried have shared details on how his firm would approach a buy-up of Celsius’ tassets. The comments come in light of FTX US snapping up bankrupt crypto lender Voyager Digital’s assets for $1.3 billion via auction…
” FTX reportedly considers bailing out Celsius via asset bid “ Crypto exchange FTX, led by crypto billionaire Sam Bankman-Fried (SBF), is reportedly considering bailing out Celsius Network by bidding on the bankrupt lender’s assets. Coincidently, the information came out the same day Alex Mashinsky resigned as the CEO of Celsius. “I regret that my…
” FTX US wins auction for Voyager Digital’s assets “ Cryptocurrency exchange FTX US has secured the winning bid for the assets of crypto brokerage firm Voyager Digital with a bid valued at approximately $1.4 billion according to Voyager. Voyager said the bid was made up of the fair market value of its crypto holdings…
” Nexo offers to buy out Celsius’ loans amid withdrawal suspension “ There’s a glimmer of hope for the bear market’s most recent victim. Following reports that Celsius is insolvent, Nexo is offering a buy-out. A Nexo representative told Cointelegraph that Nexo is trying to do the “right thing” as they are “mindful of the…
“# OpenSea acquires Dharma Labs and a new CTO ” OpenSea announced Tuesday the acquisition of Dharma Labs, a cryptocurrency lending platform and digital wallet, for an undisclosed amount. According to the statement, Dharma Labs would effectively shut down and its co-founders Nadav Hollander and Brendan Forster, will become OpenSea’s new Chief Technology Officer and…
“# YFI price gains 46% in just four days after Yearn Finance’s $7.5M buyback ” Yearn Finance (YFI) emerged as one of the best performers in the crypto market this week, rallying by over 46% in just four days to reach a two-week high above $29,100. YFI/USD daily price chart featuring its four-day bull run….