Cointime

Cointime

Download App
iOS & Android
Home / JUST IN

Breaking: Abu Dhabi-Based Crypto Firm Plans To Acquire FTX, But There’s A Catch

Crypto trading firm Hayvn based in Abu Dhabi, the UAE considering a bid for collapsed FTX’s payments business FTX Pay, the company said on Friday. Hayvn executives consider FTX Pay as a well-suited business, matching the Hayvn Pay infrastructure. Crypto exchange FTX is reportedly planning to sell or reorganize its subsidiaries, including the payments business.

The Abu Dhabi Global Market granted regulatory approval to virtual asset trading firm Hayvn in December 2021. Hayvn is now considering acquiring crypto exchange FTX’s payments business FTX Pay, as it perfectly matches with Hayvn Pay infrastructure, reported The National on November 25.

(by Varinder Singh)

Cryptocurrency FTX
Comments

All Comments

Recommended for you

  • Cointime May 3rd News Express

    1. The 133rd Ethereum ACDC meeting: The goal is to complete the devnet within 7-10 days

  • Market News: South Africa authorizes 75 companies as cryptocurrency service providers

    According to Jinshi news, South Africa has authorized 75 companies as cryptocurrency service providers.

  • Cointime April 23th News Express

    1. EigenLayer: Deposit limits for all LST tokens will be removed on April 16

  • Cointime April 5th News Express

    1.Mystiko.Network Community Sale Completed, Total $11.25 Million in XZK Sold2.Solana Co-founder Responds to the Sharp Increase in Transaction Failure Rates: Patch Coming Soon3.Ethena USDe market value exceeds 2 billion US dollars, setting a new record4.Du Jun, Executive Director and CEO of Xinhuo & Founder of ABCDE: Xinhuo Technology and ABCDE will invest 100 million US dollars to support blockchain companies that promote social development 5.QCP Capital: Bitcoin is expected to return to $70,000 this week, while Ethereum continues to be weak6.bitSmiley Labs officially launches its independent ecosystem plan, bitUniverse, and reveals its OG pass bitDisc-Black Upgraded Priviledges 7.Avalanche Foundation launches ice-breaking plan, focusing on LST track in the first phase and funding 500,000 AVAX 8.SuperRare Expands into Bitcoin Ordinals with Killer Acid's Psychedelic Art Collection 9.A dormant whale address for 8 months deposited 1,100 BTC into Binance10.Meme exchange DerpDEX.com completes multi-million dollar strategic investment, with participation from ABO Digital and others

  • Terra founder Do Kwon to be extradited to U.S.

    Terra founder Do Kwon will be extradited to the United States.

  • Cointime February 3 News Express

    1. Ripple payment service "Ripple Payments" plans to return to the US market and launch targeted solutions
  • Cointime精选 ·

    FTX Was Never Really Bankrupt

    The prosecution in Sam Bankman-Fried’s criminal trial drilled into the jurors’ heads that FTX customer losses exceeded $8 billion, but never substantiated that claim. In reality, the crypto exchange had sufficient assets to make creditors whole all along – a fact that would likely change the public’s perception of its founder.
    FTX Was Never Really Bankrupt
  • Cointime精选 ·

    Game Theory and Consumer Crypto

    One question that I often get when discussing consumer app ideas leveraging crypto is “does this really have to be in web3”? This often leads to an exposition on how building a web2 counterpart would be substantially difficult or simply not work. The intention of this post is to provide a comprehensive analysis on game theory and its applications in web3. Game theory is a more generalized approach and covers governance, token models, decentralization et al. I believe this new framework can be leveraged to build powerful applications. The right incentives can propel the society in a good direction.
    Game Theory and Consumer Crypto

  • Cointime January 14 News Express

    1.Digital asset protocol Metaplex will list its Solana inscription on January 162.Investment bank TD Cowen: The U.S. SEC will not approve an Ethereum spot ETF in the short term3.Binance, Kraken and other nine trading platforms have been removed from Google App Store in India4.Barclays economists advance forecast for Fed rate cut to start from June to March5.The Chairman of the U.S. SEC issued a statement on the theft of the SEC's official Twitter account: The impact is still being evaluated and the company is cooperating with law enforcement agencies for
  • Cointime精选 ·

    coinshare Volume 164: Digital Asset Fund Flows Weekly Report

    A good start to 2024, with US$151m inflows
    coinshare Volume 164: Digital Asset Fund Flows Weekly Report

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company