According to FTX, this buyback, initiated by FTX’s then-CEO Sam Bankman-Fried (SBF), was financed with FTX’s native token, FTT, along with Binance’s tokens BNB and BUSD, despite FTX allegedly being insolvent at the time.
Bitcoin Lending Could Unlock a $130 Trillion Market: Research
The research also revisits the failures of the 2022 crypto lending crisis. Platforms collapsed after operating with high loan-to-value (LTV) ratios, opaque rehypothecation practices, and platform-controlled custody.
Expert Insights
Startups
How KoinBX is Democratizing Crypto Access to Everyone
KoinBX aims to provide equal opportunities in the emerging decentralized crypto-economy, focusing on quality, security, and accessibility.
Press Release
Web3 Gaming
Immutable Launches Mobile Gaming Division to Tap $121B Market
“A specialist taskforce, hell bent on breaking games into the $121bn mobile market,” Ferguson wrote on X (formerly Twitter). “Since April, we’ve already taken three games to the No. 1 rank on mobile stores. Now we want the charts to be dominated by Immutable.”
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Artificial Intelligence
Prosperr.io Raises $4 Million Seed Funding Led by Jungle Ventures to Build AI-Powered Tax Infrastructure
Prosperr.io builds AI powered tax management infrastructure aimed at simplifying compliance for individuals and enterprises operating across increasingly complex financial and regulatory environments.
Reddit-born rLoop is pioneering a different approach to technological resource sharing. The rLoop DAO, a community-governed organization, believes the solution lies in decentralization.
With its theme of ‘AI 2057: Accelerating Intelligent Futures’, the Global AI Show is set to host C-suite executives, ministry officials, and leaders from the world’s top companies who will explore cutting-edge technological developments across the UAE and the globe.
This announcement follows the recent launch of Rekt Drinks, Rekt’s first physical consumer product. The lime-flavored sparkling water, branded with the recognizable Rekt logo, was made available in 32 countries, with an initial stock of 222,456 cans.
Organized by web3 and artificial intelligence consulting giant VAP Group, the two-day show will provide an opportunity to network with the top 1% of the web3 community by bringing together founders, solution providers, experts, and enthusiasts from around the world under one roof.
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