Bankman-Fried reports, FTX y Alameda Research seek to support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. companies that have liquidity how easily a cryptocurrency can be bought and sold without impacting the overall market price. problems after the market an area or arena, online or offline, in which commercial dealings are conducted. downturn, although it does not rule out that some of them are forced to close refers to the closing price; similar to the same term used in stock trading. by the current situation.
- FTX has “a few billion” to support crypto companies.
- Bankman-Fried notes that some projects could close operations.
- FTX has several requests from companies seeking liquidity to continue operating.
- For Bankman-Fried, the important thing is that these companies do not lose the trust a trust is a fiduciary relationship in which one party, known as a trustor, gives another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary. of users.
Sam Bankman-Fried, CEO del exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. internacional FTX, assured that both he and his company are very committed to the crypto ecosystem in the face of the bear someone who believes that prices in a given market will decline over an extended period. Such a person might be referred to as “bearish.” market, so they could allocate even more capital to support companies facing problems amid the current scenario.
Capital to support companies in the sector
This was revealed by Bankman-Fried during an interview published today by the news agency Reuters, where he reported that FTX y Alameda Research disponen de “a few billion” in reserves to help crypto companies facing difficulties to operate after the market crash, also indicating that from his perspective, the worst phase of this crisis experienced by the ecosystem in general had already passed.
The CEO of FTX also revealed that several companies in the crypto sector contacted him and his team to request support for liquidity problems. Here he reiterated his willingness to support the consulting entities, but clarified that although several of these are not in a critical situation, there is a possibility that some projects may close operations.
For Bankman-Fried, the most important thing is people’s trust in crypto projects, and in this regard he commented:
“Having consumer confidence that things will work as advertised is incredibly important and, if that breaks down, it’s very difficult to get it back.”
Tengamos presente que en una entrevista previamente realizada, el CEO de FTX said that it was very likely to see acquisitions and alliances at this particular time in the market, and that many companies in the sector were likely to be in the market at this time. “secretly insolvent” by the fall in revenue margins.
FTX al rescate
Bankman-Fried’s comments come on the heels of the acquisitions and lines of credit made available by both FTX as for Alameda Research.
La noticia más reciente fue la adquisición de la plataforma de servicios financieros con criptomonedas BlockFi, for which they will pay about USD $240 million plus a credit line for another USD $400 million so that it can continue its operations. It is worth noting that FTX had previously opened another financing mechanism for about USD $250 million.
Beforehand, Alameda Research facilitated Voyager Digital digital technologies are these electronic tools that have the ability to generate, store or even process data. about $500 million to weather the current market conditions. The company’s CEO, Stephen Ehrlich, showed his support for the measure and said that this capital will help maintain operations at this sensitive time for the ecosystem. However, the company was forced to file for bankruptcy because it had exposure toThree Arrows Capital capital is most commonly defined as the large sum of money you would use to invest.This committed more than USD $650 million invested there.
Finally, Bankman-Fried assured that the exchange will take advantage of this moment and will further concretize its expansion process. The same said the CEO of Binance, Changpeng Zhao, who also revealed that several of the applications that have come to FTX also passed through his office, and that they would try to support crypto companies internationally given the deployment they have in the global market.
- Confirmed: FTX to formally acquire BlockFi for USD $240 million
- FTX’s Sam Bankman-Fried warns more crypto firms are “secretly insolvent”
- FTX CEO Sam Bankman-Fried denies Robinhood acquisition rumors
Version by Angel Di Matteo / DiarioBitcoin
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