Sam Bankman-Fried (SBF) is a well-known figure in the digital currency ecosystem, and while his personality gained popularity as a proficient crypto trader, his investment prowess is now largely standing out.
FTX Derivatives Exchange, his flagship company positioned itself as a lender of last resort, with a focus on helping bailout companies that the crypto winter plunged into a state of distress.
Considering its robust activity in the Merger & Acquisition space, Bloomberg wrote a report, drawing on alleged anonymous sources that FTX is looking at buying a stake in Huobi. Recalled as reported earlier by Blockchain.news that Huobi’s founder and biggest shareholder, Leon Li revealed plans he was set to sell at least a 60% stake in the company to a new buyer.
The dots between the readiness to sell and the willingness to make targeted acquisitions was connected by industry observers, thus fueling the talk that SBF may be making a bid for the Chinese-born crypto exchange.
Taking to...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...