Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
Seeking Alpha 2022-08-29 16:46:23

FTX isn't planning to acquire Huobi, Sam Bankman-Fried says

FTX founder and CEO Sam Bankman-Fried said Monday the cryptocurrency exchange isn't planning to acquire Huobi Group, a Seychelles-based crypto exchange.The billionaire said via tweet: "Just to be explicit because apparently a lot of people are saying this: No, we are not planning to acquire Huobi."On Aug. 12, Bloomberg reported that FTX was among those who had preliminary contact with Huobi about buying a 60% stake from Leon Li, the company's founder. The article said Tron founder Justin Sun also was interested in the the stake. Sun, though, said Tron wasn't involved in "any matters related to the Bloomberg story at the moment.In Monday afternoon trading, bitcoin (BTC-USD) is stabilizing and has regained the $20K level, after Jerome Powell's hawkish speech at Jackson Hole put investors in a risk-off mood, which had pulled bitcoin below the $20K mark early Monday.In July, FTX US provided struggling crypto lender BlockFi with a $400M credit facility under a deal that gives the options to acquire BlockFi. Later that month, Bankman-Fried said his company has a "few billion" dollars available to help support the crypto space.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.