FTX looks for $9.4 bln in rescue funds from investors, rivals

Nov 10 (Reuters) – FTX is scrambling to raise about $9.4 billion from investors and rivals, a source said on Thursday, as Chief Executive Sam Bankman-Fried urgently seeks to save the cryptocurrency exchange that has been buffeted by a rush of customer withdrawals. Over the past few hours, Bankman-Fried has discussed raising $1 billion each … Read more

Cryptoverse: What crisis? Venture capitalists bet big on crypto

A stock graph is seen with a representation of bitcoin in this picture illustration taken taken March 13, 2020. REUTERS/Dado Ruvic/ Register now for FREE unlimited access to Reuters.com Register July 26 (Reuters) – It’s not all doom and gloom. Even as the crypto sector shivers in the bleak winter, venture capitalists are pouring money … Read more