FTX may be planning to purchase a stake in BlockFi: Report

Reportedly, ongoing talks followed BlockFi signing a term sheet with FTX to secure a $250 million revolving credit facility on Tuesday. Crypto exchange FTX is reportedly in talks to acquire a stake in BlockFi following the company issuing a $250 million credit to the lending firm.According to a Friday report from the Wall Street Journal, FTX is currently in discussions with BlockFi regarding the crypto exchange purchasing a stake in the firm, but no equity agreement has been reached.

Banxa's Partners with AAX to Allow Purchase of Crypto with Fiat and Vice Versa

On-and-off ramp Web3 solution Banxa's new partnership with cryptocurrency exchange AAX now allows customers to purchase crypto with fiat and vice versa.

eBay acquires KnownOrigin, expanding its foray into NFTs and blockchain

The company enables artists and collectors to create, purchase and resell NFTs via blockchain-enabled transactions. eBay, an e-commerce giant, has announced the acquisition KnownOrigin, a nonfungible token (NFT) marketplace that will help the e-commerce company foray further into the world of blockchain technology and digital collectibles.According to a press release on Wednesday, Manchester-based KnownOrigin has been purchased for an undisclosed amount.

Binance-owned Trust Wallet adds buy option via Binance Connect

Binance's self-custodial crypto wallet Trust Wallet now allows buying more than 200 digital assets with 40 fiat currencies via Binance Connect, formerly known as Bifinity. Trust Wallet, a major self-custodial cryptocurrency wallet owned by the Binance crypto exchange, has completed a significant integration to enable easier crypto purchases.The Trust Wallet platform has integrated Binance’s official fiat-to-crypto provider Binance Connect, allowing users to purchase more than 200 crypto assets directly from credit or debit cards, the firm announced to Cointelegraph on June 22.Trust Wallet’s new crypto buy option is designed to simplify the process of buying crypto, enabling verified Trust Wallet users to fund their wallet with more than 40 fiat currencies.In order to add funds on Trust Wallet via Binance Connect, users will need to proceed with the similar Know Your Customer (KYC) checks to those on Binance.

BAYC Partners With Rolling Stone to Launch Limited Edition NFTs

As a result of their collaboration, the two parties will release one BAYC and one MAYC NFT that fans could purchase.

FTX US acquires Embed Financial subsidiary for stock trading platform

The FTX Stocks platform has been in beta testing for select US users since May, but the firm reported it would be available to all domestic customers sometime in the summer. The United States-based subsidiary of cryptocurrency exchange FTX will acquire Embed Financial Technologies as part of a deal aimed at “enhancing” the company’s stock offering.In a Tuesday announcement, FTX US said it will purchase Embed Financial Technologies and its subsidiary, clearing firm Embed Clearing, for an undisclosed amount “pending satisfaction of customary closing conditions and regulatory approval.” The deal followed the crypto firm’s announcement in May that it would be launching a stock trading platform, with FTX Stocks partnering with Embed Clearing to “execute, clear and custody” user accounts and trades.According to FTX US president Brett Harrison, the acquisition of the clearing firm will provide the technology and infrastructure facilitating the crypto exchange’s stock offering.

VERTU Paris announces new smartphone available only through the purchase of an NFT

To celebrate the brand's 22nd anniversary, VERTU Paris is unveiling the new VERTU Constellation X Ulm™ smartphone through an exclusive sales process.

Meta Launches Metaverse Digital Clothing Store

Meta announced that it was launching a designer digital clothing store that will allow users to purchase pieces of clothing for their avatars in its metaverse.

FTX plans to acquire crypto exchange Bitvo as part of move into Canadian market

The company added that the deal was “subject to regulatory approval and customary closing conditions,” but expected to close in the third quarter of 2022. Cryptocurrency derivatives exchange FTX has entered into an agreement to purchase Canada-based crypto platform Bitvo.In a Friday announcement, FTX Trading Limited said it planned to acquire Bitvo as part of the crypto exchange’s effort to offer its products and services to Canada-based users.

Nifty Newsletter: Mastercard to enable direct NFT purchase, NFT floor prices collapse and more

Last week, Apocalyptic Apes founder Bill Starkov told Cointelegraph that NFT holders can earn millions by licensing their NFTs.

'Nothing issue' — MicroStrategy CEO plans to hodl Bitcoin 'through adversity'

Michael Saylor is anything but panicky as Bitcoin price weakness adds to MicroStrategy share price pressure. Bitcoin (BTC) megahodler MicroStrategy can ride out further BTC price declines, even if it falls to just $3,500, its CEO confirms.In a tweet on June 14, Michael Saylor sought to allay fears that his firm's BTC exposure may be about to cost it dearly.Saylor stays calm as MSTR dips furtherWith the largest corporate Bitcoin treasury, MicroStrategy has felt the pain of this year's BTC price declines — at least on paper.According to the monitoring resource Bitcoin Treasuries, the firm's 129,218 BTC stack is currently being held at a net loss of $1.06 billion — around two-thirds of its total market cap.This week, rumors over a potential default on a $205 million used to purchase those reserves intensified.

Do Kwon dismisses allegation of cashing out $2.7B from Terra (LUNA), UST

The rumor surfaced after a Twitter thread by @FatManTerra shared the alleged details on how Kwon, along with Terra influencers, managed to drain funds while artificially maintaining the liquidity. Do Kwon, the CEO and co-founder of the infamous Terra (LUNA) and TerraUSD (UST) ecosystems, refuted the claims of cashing out $80 million every month for nearly three years. Numerous unconfirmed reports surfaced on June 11, claiming Kwon’s participation in draining liquidity out of LUNA and UST before the crash to purchase US dollar-pegged stablecoin such as Tether (USDT).Rumors about Kwon cashing out LUNA and UST reserves surfaced after a Twitter thread by @FatManTerra shared the alleged details on how Kwon, along with Terra influencers, managed to drain funds while artificially maintaining the liquidity.

CNBC’s Jim Cramer Says He’s a Believer in Bitcoin and Ethereum, Warns Against Risky Investment Strategy

CNBC host Jim Cramer says that he’s a big believer in leading digital assets Bitcoin (BTC) and Ethereum (ETH), but warns that investors shouldn’t take risks to purchase them.

Payments Giant Mastercard Expands Network, Allows Users To Purchase NFTs With Credit Cards

Financial services titan Mastercard is now allowing users to directly purchase non-fungible tokens (NFTs) using their credit cards.

Mastercard Adds The Sandbox, Nifty Gateway, Mintable to 'Simple' NFT Purchase Scheme

Payments giant Mastercard is working with a host of NFT marketplaces to make it easier for people to buy digital art.

How to buy NFTs on Solana?

With the introduction of platforms like Solana, buyers may now purchase NFTs for a low transaction charge and with minimal congestion. The burgeoning popularity of nonfungible tokens (NFTs) has led to issues like exorbitant transaction fees and congestion in the prevalent Ethereum-based ecosystem.

Director of Listed Chinese Company Embezzles $8 Million, Uses Funds to Purchase Bitcoin Mining Rigs

A Chinese prosecutor is reported to have given a thumbs up to the arrest of a listed big data company director accused of embezzling $8 million and using the funds to buy bitcoin mining rigs.