Cryptocoins News / NewsBTC - 2 years ago
The FTX drama continues as the deal with its competitor Binance falls apart. According to several reports, employees at the platform are fleeing amid growing concerns about a massive $6 billion hole on the company’s balance sheet. A report from Sema...
Bitcoin News / Google News Bitcoin - 2 years ago
Bitcoin sinks to new yearly low at $16.8K as FTX insolvency fears turn into contagion& & Cointelegraph
Bitcoin News / Bitcoin.com - 2 years ago
Binance CEO Changpeng Zhao (CZ) has shared where his company is at on the deal with FTX. “We did not master plan this or anything related to it,” he told the Binance team, reminding them not to trade the FTX token (FTT) as the due diligen...
Cryptocoins News / The Cointelegraph - 2 years ago
Temasek invested in a series of FTX’s round findings that led to its $32 billion valuation in January. Singapore’s state-owned investment firm Temasek, a shareholder a...
Cryptocoins News / The Cointelegraph - 2 years ago
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Cryptocoins News / The Cointelegraph - 2 years ago
BTC and altcoins continue to sell off, hitting new yearly lows as the collapse of FTX begins to drastically impact investors across the entire crypto market. Crypto ma...
Cryptocoins News / The Cointelegraph - 2 years ago
The firm withdrew its remaining balance from FTX at the 11th hour and topped weekly fund outflows from the troubled exchange. According to a Nov. 8 tweet, crypto lend...
Cryptocoins News / The Cointelegraph - 2 years ago
The exposure amounts represents a small fraction of the firm's $1.5 billion in liquidity. In its latest quarterly earnings call on Nov. 9, blockchain financial servic...
Bitcoin News / Bitcoin Magazine - 2 years ago
US regulators are investigating whether Sam Bankman-Fried’s FTX properly handled client funds following the exchange’s liquidity crunch, Binance acquisition.SEC, CFTC reportedly probing FTX over handling of customers’ funds.Investigations also...
Cryptocoins News / CoinJournal - 2 years ago
Crypto market maker Wintermute has confirmed that it has funds stuck in the embattled crypto exchange FTX. However, the firm has said that the amount of funds held in the exchange is not much and they are within their risk tolerance. Wintermute furth...
Bitcoin News / Bitcoinist - 2 years ago
Binance’s decision to purchase the FTX crypto exchange eventually put an end to the uncertainty that shrouded it for the last two days. Although the move shocked the space, it eventually brought to light the challenges that the FTX crypto exchange wo...
Bitcoin News / Bitcoinist - 2 years ago
The Binance-FTX drama continues as the deal between the parties hangs by a thread. Yesterday, FTX announced a deal with its competitor to surrender its assets amid a “liquidity crunch.” The crypto exchange has billions of dollars in losse...
Cryptocoins News / The Cointelegraph - 2 years ago
“People now think we are the biggest and will attack us more,” said Changpeng Zhao in a letter updating staff on the situation with FTX. Changpeng “CZ” Zhao, the CEO o...
Cryptocoins News / The Cointelegraph - 2 years ago
Further losses come in step with confusion over the future of FTX under Binance, while CPI data looms on the horizon. Bitcoin (BTC) fell below $17,000 on Nov. 9 as rum...
by COINS NEWS - 2 years ago
It recently came to light that Binance, following DD, probably won’t go through with the deal. Unless a random VC comes in to save FTX even after witnessing their carelessness with investor funds, this very well could mean total collapse of FTX. Sour...
by COINS NEWS - 2 years ago
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Cryptocoins News / EthereumWorldNews - 2 years ago
Changpeng Zhao, CEO of Binance, shared how user confidence in the sector has declined as a result of the near collapse of FTX. CZ later added that Binance’s acquisition of FTX should not be viewed as a victory. Binance’s CEO, Cha...
Bitcoin News / Google News Bitcoin - 2 years ago
Bitcoin Falls Below $17K, First Time in 23 Months, as Binance Said to Waver on FTX Deal& & CoinDesk
Bitcoin News / Google News Bitcoin - 2 years ago
Bitcoin Hits 2-Year Low Below $16K After Binance Backs Out of FTX Deal& & CoinDesk
More / Bitcoin Reddit - 2 years ago
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Cryptocoins News / NewsBTC - 2 years ago
The crypto market became red with massive losses on Tuesday. Some analysts speculated that the selling pressure on Bitcoin and Ethereum from FTX’s attempt to raise liquidity against impending insolvency caused this cascade of losses. Some analytics d...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Changpeng Zhao’s Binance may pull out of the deal to buy FTX, CoinDesk reported citing sources close to the matter. Zhao previously said the acquisition was “non-binding” and subject to due diligence. Sam Bankman...
Bitcoin News / Bitcoinist - 2 years ago
While discussing what happened to FTX, Brain Armstrong, CEO of Coinbase, bragged that his firm is not vulnerable to that kind of issue. He, however, suggested possible reasons behind FTX’s fallout. FTX’s insolvency problem is now a hot to...
Bitcoin News / Bitcoinist - 2 years ago
Investment firm Galaxy Digital has been affected by the consequences of the “crypto exchange wars” between FTX and Binance. The former platform entered into a non-binding agreement with Binance to potentially sell its assets except for FTX.US. The...
More / Bitcoin Reddit - 2 years ago
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