bailout

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 moderately bad in bailing out a place,” the outspoken industry leader said at the Bloomberg Crypto Summit in New York on Tuesday.

Jul 19, 2022

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.

By Sebastian SinclairMay 28, 2020

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.

By Danny NelsonApr 22, 2020

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)

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