Dave Inc.'s decision to repurchase a convertible note from FTX Ventures showcases strategic foresight and financial acumen, potentially reshaping its future in the neobanking sector.
KikyoDave strategically acquires a $100M stake from FTX, awaiting court approval. FTX faces complex bankruptcy proceedings, settling globally. The financial landscape involves asset liquidation, legal challenges, and the recovery of misappropriated funds.
SanyaIn a shrewd financial maneuver, Dave Inc. secured FTX Ventures' convertible debt at a discounted rate of $71 million. The completion of the deal is subject to court approval, with stringent conditions to prevent alternative transactions. Dave Inc.'s CEO, Jason Wilk, expresses confidence in the move, while FTT, FTX's native cryptocurrency, sees a 15% surge. FTT is currently trading at $2.99.
Cheng YuanThe crypto market’s steady growth since the start of 2023 was checked by pronounced losses this week.
decryptBloomberg reported that the investigation was at an “advanced stage” and “could lead to a settlement in coming days.”
BeincryptoThe Barstool Sports founder panic-sold Bitcoin in 2020 and has expressed fleeting interest in digital assets ever since.
CointelegraphJesse Powell, Kraken CEO, talks more in detail about why he decided to shut down Kraken’s headquarters in San Francisco. ...
BitcoinistJesse Powell said that starting in 2022, the exchange will expand into a marketplace for non-fungible tokens and NFT-backed loans.
CointelegraphThe largest venture capital fund funded solely by a woman to date will invest in Web3 projects through two funds, a $500 million early-stage fund and a $1 billion accelerator fund.
CointelegraphKraken was previously aiming to implement the BItcoin Lightning Network in 2021 after officially announcing the plan in late 2020.
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