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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 Walks Away From Deal to Acquire FTX
9.11.2022
A spokesperson for the crypto exchange said FTX's issues "are beyond our control or ability to help."
Binance-FTX Deal Will Bring Regulatory 'Scrutiny’ on Crypto Exchanges: Blockchain Association’s Kristin Smith
9.11.2022
The executive director discusses why Bahamas-based crypto exchange FTX’s fall from grace is likely to “open up a more robust” debate surrounding regulation for exchanges going forward. U.S. Rep. Jim Himes also weighs in
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....
In staff letter, Binance CEO embraces scrutiny from regulators amid potential FTX deal
9.11.2022
“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
Bitcoin Falls Below $17K, First Time in 23 Months, as Binance Said to Waver on FTX Deal
9.11.2022
Bitcoin's price hit $16,936 on Bitstamp exchange on Wednesday morning. It was the first time the largest cryptocurrency had fallen below $17,000 since November 2020. The BTC price was down 14% on the day
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 Custody Firm Copper Inks $500M Insurance Deal With UK Giant Aon
9.11.2022
The agreement provides cover against employee collusion, third-party theft and physical loss or damage of digital assets held by the London-based company
First Mover Asia: Prediction Markets Split if Binance Will Pull Out of FTX Deal; Bitcoin Drops 11%
9.11.2022
Investors on PolyMarket think there’s a 45% chance that Binance will pull out of the FTX deal and a 55% chance the deal goes through
Market Wrap: Binance/FTX Deal Sends Bitcoin, Other Cryptos Spiraling
9.11.2022
Crypto prices whipsawed following the announcement that Binance would be purchasing one of its largest rivals. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
FTX’s Push for US Crypto Clearing Left In Suspense By Binance Deal
8.11.2022
The crypto industry has eagerly watched for a decision from the U.S. Commodity Futures Trading Commission to allow FTX to directly clear its customers’ derivatives transactions, but that market-shaping application has entered murky territory
The Story of Sam Bankman-Fried’s Backroom Deal With Binance’s CZ
8.11.2022
FTX Token, BNB and Solana soar after Binance CEO inks potential deal to acquire FTX
8.11.2022
Solana and FTX token saw a sharp rebound after headlines announced that Binance would acquire FTX due to liquidity issues, but will the upside last?
FTX, Binance Deal Draws Antitrust Concern
8.11.2022
The proposed sale of FTX’s non-U.S. business to Binance, announced Tuesday amid concerns over stability at FTX, has drawn concerns of antitrust retaliation in the U.S. and elsewhere
Bitcoin, Crypto-Linked Equities Bounce as Binance/FTX Deal Stems Panic; Analysts Weigh In
8.11.2022
Crypto stocks including Coinbase and MicroStrategy fell as traders assess potential contagion from Alameda’s balance sheet
Bitcoin, Crypto-Linked Equities Resume Falling Despite Binance/FTX Deal
8.11.2022
Crypto stocks including Coinbase and MicroStrategy fell as traders assess potential contagion from Alameda’s balance sheet
FTX Agrees to Sell Itself to Rival Binance Amid Liquidity Scare at Crypto Exchange
8.11.2022
The two crypto exchange giants signed a a non-binding letter of intent, Binance CEO Changpeng Zhao confirmed on Twitter
New Digital Collectible Collections Art Gobblers and Keepers Propel NFT Sales 56% Higher This Week
5.11.2022
Non-fungible token (NFT) sales increased a great deal during the last seven days as NFT sales jumped 56.73% higher than sales recorded the week prior. Over the last seven days, out of 889,499 NFT transactions, NFT sales volume reached a total of $170.48 million this past week. Art Gobblers...
Formula One Team Haas F1 to Mint Branded NFTs With Opensea
4.11.2022
U.S.-licensed Formula One constructor Haas F1 Team has announced a collaboration with non-fungible token (NFT) marketplace Opensea. As part of the agreement, a collection of NFTs will be produced for Haas while Opensea’s logo will appear on its cars. Opensea to Help American Formula One Team Launch...