the big short Archives - Coin Engineer https://coinengineer.net/blog/tag/the-big-short/ Btc, Coins, Pre-Sale, DeFi, NFT Wed, 27 Mar 2024 12:57:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png the big short Archives - Coin Engineer https://coinengineer.net/blog/tag/the-big-short/ 32 32 FTX Received Approval for Grayscale’s Asset Sale! https://coinengineer.net/blog/ftx-grayscale-asset-sale/ https://coinengineer.net/blog/ftx-grayscale-asset-sale/#respond Thu, 30 Nov 2023 11:12:50 +0000 https://coinengineer.io/blog/?p=7470 One of the biggest exchanges FTX has gained court approval to sell off Grayscale’s large assets and launched a transaction worth $744 million. Cryptocurrency exchange FTX received approval from the court to sell Grayscale’s $744 million worth of assets. According to breaking news shared by Bloomberg, the Grayscale assets that exchange dealer held included $597

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]]> One of the biggest exchanges FTX has gained court approval to sell off Grayscale’s large assets and launched a transaction worth $744 million.

Cryptocurrency exchange FTX received approval from the court to sell Grayscale’s $744 million worth of assets. According to breaking news shared by Bloomberg, the Grayscale assets that exchange dealer held included $597 million worth of Bitcoin product GBTC, Ethereum product ETHE worth $87 million and BITW which contains various cryptocurrencies worth $53 million and other products.

Despite this large sale news, particularly the impact of the sale in the Bitcoin product caused the BTC price to drop temporarily to $37,600. However, generally, FTX’s sale approval did not significantly affect the BTC price.

According to court documents, FTX will carefully sell the assets in a way to maximize their values and not cause price volatility in the market. The bankrupt company FTX’s new management achieved a recovery success exceeding $3.4 billion in cryptocurrency assets and protected a total value of $7 billion.

The current movements within the cryptocurrency market are notably attentive to the ongoing sales process associated with FTX’s Grayscale assets. This process has garnered substantial attention as it holds the potential to significantly influence market dynamics and investor sentiment in the crypto sphere.

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]]> https://coinengineer.net/blog/ftx-grayscale-asset-sale/feed/ 0 FTX Founder Sam Bankman-Fried Allegedly Considered Offering Trump 5 Billion Dollars To Not Run For Presidency https://coinengineer.net/blog/ftx-founder-sam-bankman-fried-allegedly-considered-offering-5-billion-dollars-to-trump-not-to-run-for-presidency/ https://coinengineer.net/blog/ftx-founder-sam-bankman-fried-allegedly-considered-offering-5-billion-dollars-to-trump-not-to-run-for-presidency/#respond Mon, 02 Oct 2023 08:09:30 +0000 https://coinengineer.io/blog/?p=4603 Michael Lewis, a prominent author known for “The Big Short” and “Flash Boys,” revealed that the disgraced FTX founder, Sam Bankman-Fried, had considered the possibility of paying Donald Trump to refrain from running for president. According to Lewis, Sam Bankman-Fried researched the idea of offering 5 billion dollars for Trump not to run for the

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]]> Michael Lewis, a prominent author known for “The Big Short” and “Flash Boys,” revealed that the disgraced FTX founder, Sam Bankman-Fried, had considered the possibility of paying Donald Trump to refrain from running for president. According to Lewis, Sam Bankman-Fried researched the idea of offering 5 billion dollars for Trump not to run for the presidency. Lewis shared these claims in a CBS interview broadcast on Sunday.

You might be interested in: FTX Hacker Moved $8 Million of Stolen Funds

Interestingly, Bankman-Fried thought not only about the financial aspect but also whether such a payment was legal. Lewis stated, “Sam’s question was not only ‘Is 5 billion dollars enough for Trump not to run?’, also ‘Was it legal?’

Bankman-Fried’s spokesman Mark Botnick, refused to comment on the potential payment. Before FTX’s collapse, Bankman-Fried actively donated to political campaigns, allegedly contributing to both Democratic and Republican politicians.

Bankman-Fried could face more than 100 years in prison if charged with various accusations, including fraud, in an upcoming trial. Political and financial issues relating to him continue to be examined prior to Bankman-Fried’s pending trial.

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