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Binance CEO Zhao Says Planned FTX Acquisition Is Not a 'Win for Us'
9.11.2022
Zhao also noted in a Wednesday memo to staff that Binance had stopped selling its holdings of FTX's tokens given the ongoing due diligence for the deal
Elephant in the Room: FTX Troubles Force Exchange Executives to Talk About Proof-of-Reserves
9.11.2022
On Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto economy dropped 11.17% in 24 hours. The crypto economy has slid under $900 billion for the first time since January 2021. The Binance and FTX news has come as a shock to a lot of […]
Binance to Provide Proof-of-Reserves Following FTX Bust – Other Exchanges to Follow Suit?
9.11.2022
Major crypto exchange Binance will follow Gate.io 's and Kraken's example and start doing Proof-of-Reserve (PoR) audits, said CEO Changpeng Zhao.
Zhao, known as CZ, tweeted on Tuesday evening (UTC time) that Binance would "soon" start to do proof-of-reserves, arguing that:
"All crypto exchanges...
Traders “largos” asumen US$700M en pérdidas y los mercados caen por el temor al contagio de FTX
9.11.2022
La capitalización de mercado de las criptomonedas cayó 8,8% en las últimas 24 horas, según los datos
FTX crisis is driving away crypto giants
9.11.2022
FTX earlier reported going through a rough patch of liquidity crunch. Following the announcement, a lot of Crypto firms distanced themselves from FTX, with the majority stating that they had no exposure to the platform or its currency. Genesis and Crypto.com are the newest additions to a list that...
First Mover Americas: FTX Fallout Heats Up
9.11.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 9, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Binance to buy non-US operations of FTX
9.11.2022
FTX is facing a liquidity crunch, and there is a dire need to protect customers. The venture has, therefore, sought assistance from Binance by offering it to buy the non-US operations. Reportedly, Binance has agreed to move forward by signing a non-binding letter of intent, or LOI. The acquisition...
Bitcoin, Ethereum Technical Analysis: BTC at 2-Year Low, ETH Down 20% as FTX Turmoil Leads to Crypto Bloodbath
9.11.2022
Bitcoin plunged to a two-year low on Wednesday, as the FTX token sell-off continued to weigh on cryptocurrency markets. After an initial 30% slide, FTX token fell by as much as 80%, as Binance confirmed its intention to absorb the failing exchange. Ethereum was also lower, dropping below $1,200....
Not just FTX Token: Solana price nukes 40% along with other 'Sam coins'
9.11.2022
Cryptocurrencies exposed to Sam Bankman-Fried and his companies, Alameda Research and FTX, have dropped by an average of 40% this week
Crypto Finance Firm Galaxy Digital Reveals $76.8M Exposure Linked to FTX
9.11.2022
The firms also reported net loss of $68.1 million for the third quarter
FTX Token Price Prediction - Can FTX Recover as it Falls 70% in 24 Hours
9.11.2022
FTX Token price prediction is bearish as FTT has plunged over 80% from $22 to $4. On Tuesday, Sam Bankman-Fried shocked the cryptocurrency community by announcing that Binance would acquire his exchange, FTX.
However, the purchase was revealed by FTX CEO Bankman-Fried in a tweet on Tuesday,...
Coinbase Experiences 'Network Connection Issues' Amid Market Turbulence, Kraken Sees 'Connectivity Issues'
9.11.2022
Major exchange Coinbase experienced network connection issues Tuesday night (UTC) time, which it says were caused by a higher level of sign-ups and transfers. Kraken, meanwhile, said it saw brief and intermittent connectivity issues....
Read More: Coinbase Experiences 'Network Connection Issues'...
Alameda Research FTT token transfer from September fuels wild speculations
9.11.2022
According to on-chain data, FTT token supply increased by 124.3% on September 8 when 173 million FTT tokens were created by a 2019 ICO contract, and Alameda was the recipient
Ethereum Gas Fees Skyrocket 10x Amid On-Chain Panic – Here’s What You Need to Know
9.11.2022
Ethereum network fees skyrocketed tenfold to as much as 318 Gwei on November 8 with a simple transaction nearing the level of $10 at one point. This, paired with the ongoing crypto market crash, has triggered a decrease in the coin’s price to below the level of $1,200. The prices of other tokens...
Binance tops up SAFU fund at $1 billion amid price fluctuations
9.11.2022
Binance CEO CZ took to Twitter to assure users that the crypto exchange's insurance funds have been topped off at $1 billion as the debacle with FTX rages on
Bernstein: Binance-FTX Deal May Attract Antitrust Regulators’ Attention
9.11.2022
The combined company would have a more than 80% share of the global crypto market, the report said
Crypto Prices Crash as FTX Crypto Exchange Collapses – What We Know So Far
9.11.2022
The price of almost all major cryptocurrencies crashed today after it was announced that major crypto exchange FTX will be acquired by rival Binance in a strange turn of events.
The world's largest cryptocurrency has lost more than 8% over the past 24 hours, currently trading around the $18,000...
Crypto Exchanges Scramble to Compile 'Proof-of-Reserves' as FTX Contagion Grips Markets
9.11.2022
Seven crypto exchanges said they will publish proof of their reserve holdings in the next month
FTX-Binance standoff highlights the need for clear rules, says Sen. Lummis
9.11.2022
Market manipulation, lending activity, and safeguarding of customer funds and assets are some of the many issues Senator Lummis plans to address in the coming days
Tether, Circle and Coinbase deny having exposure to FTX and Alameda
9.11.2022
Coinbase CEO Brian Armstrong said that the recent FTX and Alameda debacle was a result of risky practices such as the misuse of user funds