Sunday, May 19, 2024
English English French Spanish Italian Korean Japanese Russian Hindi Chinese (Simplified)

The cryptocurrency community was recently shaken by the news of the bankruptcy of FTX, one of the largest cryptocurrency exchanges in the world. However, amid this turmoil, Amber Group, a Sequoia and Temasek-backed company, has announced the successful completion of a $300 million Series C fundraising round.

The round was led by Fenbushi Capital US, along with other cryptocurrency investors and family offices. This significant investment will allow Amber Group to continue expanding its operations and solidifying its position as a leading player in the cryptocurrency market.

The news of Amber Group’s successful fundraising comes at a time when many are questioning the stability of the cryptocurrency market. FTX’s collapse has had a ripple effect, with the company reportedly laying off 300 people, or 40% of its workforce, and canceling a $25 million sponsorship deal with Chelsea Football Club.

Subscribe

* indicates required

The Enterprise is an online business news portal that offers extensive reportage of corporate, economic, financial, market, and technology news from around the world. Visit to explore daily national, international & business news, track market movements, and read succinct coverage of significant events. The Enterprise is also your reach vehicle to connect with, and read about senior business executives.

Address: 150th Ct NE, Redmond, WA 98052-4166

©2024 The Enterprise – All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept