{"id":785,"date":"2022-05-16T01:02:15","date_gmt":"2022-05-16T01:02:15","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2022\/05\/16\/ftx-ceo-refuses-to-sell-his-crypto-holdings-but-can-he-save-crypto\/"},"modified":"2022-05-16T01:02:15","modified_gmt":"2022-05-16T01:02:15","slug":"ftx-ceo-refuses-to-sell-his-crypto-holdings-but-can-he-save-crypto","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2022\/05\/16\/ftx-ceo-refuses-to-sell-his-crypto-holdings-but-can-he-save-crypto\/","title":{"rendered":"FTX CEO Refuses To Sell His Crypto Holdings; But Can He Save Crypto?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"m-on mb-3 text-center\">\n<a href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=180936;size=320x100;setID=508113\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"320\" height=\"100\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=img;click=CLICK_MACRO_PLACEHOLDER\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=img;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\"\/><\/noscript><\/a>\n<\/div>\n<p><span style=\"font-weight: 400;\">Bankman-Fried\u2019s fortune has been split in half since March ending. Based on the Bloomberg Billionaire Index, he now has a net worth $11 billion, which was previously $22 billion. He believes the crypto market is not going\u00a0 down to zero, and would instead recover with stocks.<\/span><\/p>\n<h2><strong>Sam Bankman-Fried Remains Bullish On Crypto<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Bankman-Fried\u2019s decision to hold his Cryptocurrencies are akin to that of Billionaire Elon Musk, who holds a variety of digital currencies including <\/span><a href=\"https:\/\/coingape.com\/bitcoin-btc-likely-to-test-32500-on-several-bullish-reasons\/\"><span style=\"font-weight: 400;\">Bitcoin<\/span><\/a><span style=\"font-weight: 400;\">, and has refused to sell despite continuous market dip. Other institutional holders like Microstrategy\u2019s <\/span><a href=\"https:\/\/coingape.com\/advantage-bitcoin-michael-saylor-predicts-big-shakeout\/\"><span style=\"font-weight: 400;\">Michael Saylor<\/span><\/a><span style=\"font-weight: 400;\"> also uphold the same views.\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">Meanwhile, the billionaire\u2019s Robinhood 7.6% share purchases from Thursday, has taken the Cryptocurrency market by storm.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">After paying about $648.3 million for the purchase, Sam Bankman-Fried\u2019s position was equivalent to $56 million shares of Robinhood (HOOD), the prominent online brokerage.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He made it clear that he had no intentions of carrying out any action that\u2019ll change or influence the control of Robinhood. He pointed out that he simply saw Robinhood as an \u201cattractive investment\u201d.<\/span><\/p>\n<h2><strong>FTX Exchange applies for New York Charter<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">On the other hand, the Billionaire FTX Crypto Exchange is also making moves, as it reportedly applied for a New York trust charter with the State\u2019s Department of Financial Services.\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">A New York Charter would turn FTX into one of New York\u2019s Limited Kiabikity Trust Company.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">If FTX is approved, the company\u2019s US based affiliate will be able to offer its crypto trading services to an established New York client base.\u00a0<\/span><span style=\"font-weight: 400;\">Additionally, its services would not be limited to this place alone, but to many other states without the pressure of applying for additional licenses.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The valuation of FTX.US has climbed to $8 billion following the successful closing of Series A funding.\u00a0<\/span><span style=\"font-weight: 400;\">With the banking charter, FTX.US would make headlines again, as a sub custody service provider to financial institutions.<\/span><\/p>\n<p>\u00a0<\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA112505\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<div class=\"authodes\">\nSunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO&#8217;s in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at <a href=\"https:\/\/twitter.com\/sharmasunil8114\">@sharmasunil8114<\/a> and reach out to him at sunil (at) coingape.com\n<\/div>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/bb2db02531ca08606aa5fdd533609d02?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\" src=\"https:\/\/secure.gravatar.com\/avatar\/bb2db02531ca08606aa5fdd533609d02?s=60&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/bb2db02531ca08606aa5fdd533609d02?s=60&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/bb2db02531ca08606aa5fdd533609d02?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD112505\">\n<p> The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/coingape.com\/ftx-ceo-refuses-sell-crypto-save-crypto\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bankman-Fried\u2019s fortune has been split in half since March ending. Based on the Bloomberg Billionaire Index, he now has a net worth $11 billion, which was previously $22 billion. He believes the crypto market is not going\u00a0 down to zero, and would instead recover with stocks. Sam Bankman-Fried Remains Bullish On Crypto Bankman-Fried\u2019s decision to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[44,24,762,156,763,764,153],"class_list":{"0":"post-785","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-ceo","9":"tag-crypto","10":"tag-ftx","11":"tag-holdings","12":"tag-refuses","13":"tag-save","14":"tag-sell"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=785"}],"version-history":[{"count":0,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/786"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}