Hey ninjas, how’s the trading? Most of the top 20 cryptocurrencies are reporting moderate losses on the day, but the largest cryptocurrency by market cap Bitcoin is still trading around $11,600 at press time.
In other news, according to a news outlets report on the 5th of August, Facebook has added a new member to the lobbying team of Libra stable coin. Suzan Stoner Zook the former assistant to the United States Republican senator Mike Crapo was reportedly added to the team to win lawmakers over to Libra.
FTX (cryptocurrency derivatives exchange) has acquired an estimated $8 million in its seed funding round. The firm offers over-the-counter trading, leveraged tokens and also offers futures. The founding members of FTX include top players in the tech and trading industry like global trading and technology firm Susquehanna International Group, tech-focused trading firm Jane Street, Optiver trading company and tech giants like Google and Facebook.
FTX received major investments from Proof of Capital (Blockchain-focused venture capital) and blockchain firm Consensus Lab, FTX also received substantial funding from companies like Consensus Lab, FBG (digital asset management firm in blockchain-based capital market), crypto hedge fund Galois Capital.