Binance said it may increase that amount to $2 billion at a point in time in the future “if the need arises.”
Barry Silbert, the founder of crypto conglomerate DCG, said his company is on pace to generate $800 million in revenue this year as he tries to calm investors.
A list of FTX’s top 50 unsecured creditors shows the largest lender of the bunch is owed more than $226 million.
Billionaire Mark Cuban believes smart contracts, a key underlying technology within the crypto space, will have significant impact in the future.
House lawmakers called on U.S. bank regulators Wednesday to step up oversight of the cryptocurrency industry as they investigate the collapse of FTX.
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