bailout

FTX's Bankman-Fried Says It’s Worth Losing Money to Prop Up Crypto Industry

Video

FTX’s Bankman-Fried Says It’s Worth Losing Money to Prop Up Crypto Industry

FTX co-founder and CEO Sam-Bankman Fried said he isn’t bothered by losing some money if his bailouts keep the crypto infrastructure humming. “It’s OK to do a deal that is mode...

FTX's Bankman-Fried Says It’s Worth Losing Money to Prop Up Crypto Industry

By CoinDesk Staff

Jul 19, 2022 at 8:44 p.m. UTC

Jul 19, 2022

cdtvaab clipFTXSBFbailoutBloomberg Crypto Summit

Zug, Switzerland

Markets

$103M Bailout Denied for Coronavirus-Hit Firms in Switzerland's 'Crypto Valley'

The finance director of Switzerland's "Crypto Valley" has been denied a request for extra assistance for blockchain and crypto startups affected by coronavirus funding drought...

Zug, Switzerland

By Sebastian Sinclair

May 28, 2020 at 9:43 a.m. UTC

May 28, 2020

SwitzerlandZugCoronavirusbailout

Chainvine CEO Oliver Oram said COVID has thrashed his budget. "Everything has to be slashed at the moment because you don't even know where normality will come back.” (Credit: Loveandrock / Shutterstock)

Markets

UK’s Tech Bailout Could Help Blockchain Devs Weather COVID-19 Shutdown

Britain’s new “Future Fund” relief package will help tech firms, including blockchain companies like Chainvine.

Chainvine CEO Oliver Oram said COVID has thrashed his budget. "Everything has to be slashed at the moment because you don't even know where normality will come back.” (Credit: Loveandrock / Shutterstock)

By Danny Nelson

Apr 22, 2020 at 5:00 a.m. UTC

Apr 22, 2020

UKstartupsCOVID-19bailoutChainvinerelief