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Circle marks a possible $3B loss from Binance stablecoin conversions
16.11.2022
Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX
Yuga announces successful acquisition of WENEW, 10KFT NFT Project
15.11.2022
Yuga has completed its acquisition of WENEW, and the company has officially announced its success. The most notable aspect of this incident is that Yuga also acquired access to their 10KTF NFT collection. This partnership, which will be advantageous to both parties involved, will have an immediate...
SEC, DOJ Investigate FTX — Regulators Suspect Crypto Exchange Mishandles Customer Funds
11.11.2022
The U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are reportedly investigating cryptocurrency exchange FTX. The crypto firm is suspected of mishandling customer funds and breaking securities laws. Regulatory probes are among the key reasons why Binance walked...
‘Twitter will do lots of dumb things’ in the coming months: Elon Musk
10.11.2022
Twitter's new owner says they'll be throwing a heap of new ideas at the platform over the coming months
Binance Backs out of FTX Deal Citing ‘Due Diligence,’ Reports of ‘Mishandled Customer Funds’
9.11.2022
The world’s largest cryptocurrency exchange Binance will not go through with purchasing the rival crypto exchange FTX. The company noted that after due diligence and “news reports regarding mishandled customer funds,” Binance has decided not to pursue the FTX acquisition....
FTX's Binance rescue deal falls apart in less than 48 hours
9.11.2022
Binance cited allegations of mishandling of consumer funds and investigation from regulators as reasons for exiting the agreement
Binance CEO Explains Situation With FTX — Says ‘We Did Not Master Plan This’
9.11.2022
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 diligence for the acquisition is still ongoing....
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
Binance Proof-of-Reserve pledge gains support following FTX crisis
9.11.2022
The call for a more detailed disclosure of liquidity through the use of "Proof-of-Reserves" has been backed by many high-profile industry figures
Binance's FTX acquisition seen as chess move by crypto community
8.11.2022
Binance's decision to liquidate 23 million FTT tokens triggered FTX's liquidity crisis
CZ Says Binance Intends to ‘Fully Acquire FTX,’ Sam Bankman-Fried Confirms Transaction
8.11.2022
After all the speculation surrounding the crypto exchanges Binance and FTX, Binance CEO Changpeng Zhao (CZ) revealed that his company is set to acquire FTX. CZ detailed that FTX asked for help and noted there is a “significant liquidity crunch.” FTX CEO Sam Bankman-Fried has confirmed...
What Musk’s Twitter acquisition could mean for social media crypto adoption
7.11.2022
A growing number of social media platforms have been integrating crypto and Web3 support, but opinions are divided on whether they are in it for the ethos or profit
Here's why Binance's CZ invested in Twitter following Elon Musk acquisition
5.11.2022
“Free speech is a prerequisite for having freedom of money, which we are building for,” said CZ, highlighting the importance of Twitter as a platform to voice opinions
Mark Cuban-Backed Multichain Wallet Launches $3 Million Aptos Ecosystem Fund to Onboard New Users
4.11.2022
Blocto, a multichain wallet has announced the launch of a $3 million Aptos Ecosystem Fund whose objective is to help onboard new users to Aptos. Besides financially supporting projects, the Aptos fund will be used to back standout projects when they get to the “user acquisition phase.”...
Bakkt Acquires Turnkey Platform Apex Crypto to Bolster Digital Asset Footprint
4.11.2022
Digital asset manager Bakkt Holdings, Inc., announced on Thursday that the company has acquired the firm Apex Crypto from Apex Fintech Solutions. Bakkt detailed that the acquisition of the turnkey crypto platform aims to “bolster Bakkt’s cryptocurrency product offering and expand...
What will Crypto Twitter look like post-acquisition? Blockchain executives share their insights
3.11.2022
Many stakeholders expressed a desire to see more decentralization on the quintessential social media platform for the blockchain industry
Elon Musk’s acquisition of Twitter spikes DOGE price enormously
31.10.2022
The CEO of Tesla motor and SpaceX, Elon Musk, recently acquired the social media company Twitter for about $44 billion. This acquisition leads investors to a profit of 62% in Dogecoin. This hike has made a positive impression on the meme token among the crowd after the purchase of Twitter Musk....
Veteran Trader Peter Brandt Says Dogecoin Bear Market Has Ended
31.10.2022
Veteran trader Peter Brandt says the dogecoin bear market that began in May last year has ended. His comment came after the price of dogecoin soared following Tesla CEO Elon Musk’s acquisition of the social media platform Twitter. Peter Brandt on Dogecoin Outlook Veteran trader Peter Brandt...
Elon Musk Takes Control of Twitter, Fires CEO and CFO — Says He Buys Twitter ‘to Help Humanity’
29.10.2022
Tesla and Spacex CEO Elon Musk has completed the acquisition of Twitter Inc. and reportedly fired the company’s CEO and CFO. “The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square,” he said. “There...
NYSE delists Twitter shares following Elon Musk acquisition
28.10.2022
Twitter shareholders would receive $54.2 per share on their holdings as part of the deal, but Musk has said earlier that he might take the company public again in 3-5 years