Binance Will Not Acquire FTX, Exchange Confirms
Binance, the world’s largest crypto exchange, has backed out of its agreement to purchase FTX just one day after signing an agreement to rescue the company on Tuesday. Binance said…
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Alameda, FTX Ventures Websites Down Following FTX Disaster
Amid the major crypto exchange FTX’s liquidity crisis, two companies closely tied to it – including Alameda Research and FTX Ventures – appear to be inaccessible on their websites. Alameda‘s…
Binance Backs out of FTX Deal Citing ‘Due Diligence,’ Reports of ‘Mishandled Customer Funds’
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…
FTX Calamity Could be the Last Crisis of the Bear Market, Says Cardano’s Hoskinson
Charles Hoskinson – Founder of the blockchain platform Cardano – thinks the turbulence around FTX and its native token – FTT – could be the last adverse event of the…
US Regulators Probe FTX for Mismanagement of Client Assets: Report
United States financial regulators have reportedly launched a probe into FTX – one of the world’s largest crypto exchanges that is now unable to process customer withdrawals. The investigators intend…
Binance is Highly Unlikely to Complete FTX Rescue Deal: Report
Binance, the world’s largest crypto exchange, is reportedly ready to back out of a deal to rescue FTX only a day after announcing its buyout deal. A review of FTX’s…
Stablecoin Giants Tether, Circle Disclose Financial Relationship With FTX, Alameda
Amid the chaotic meltdown, asset movement from Circle to FTX surfaced. It was also reported that Alameda could be the second-largest issuer of Tether. CEO of USDC issuer, Jeremy Allaire,…
CZ Shares the Two Big Lessons From the Binance-FTX Saga
Changpeng Zhao – the CEO of the world’s leading cryptocurrency exchange Binance – outlined two vital lessons following the saga between his company and FTX. In his view, crypto exchanges…
From Tom Brady and Steph Curry to BlackRock – Some of the FTX Investors and Partners
From SBF rescuing insolvent crypto companies left and right just months earlier to his empire in a near-doom state needing a bailout, there appears no light at the end of…
Crypto Markets Bleed $130 Billion in 12 Hours as Contagion Continues
In one of the largest and fastest market crashes of the year, $132 billion has been wiped out of crypto assets. What is more remarkable is that this has happened…
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