Binance Financial News
10.11 / 01:33
Provident
Dash
Binance
Bitcoin
ftx crypto exchange
Investigations
Customer
Binance Backs Out of Buying FTX Crypto Exchange, Cites Mishandled Customer Funds and Regulator Investigations
Binance is pulling out of the deal to buy FTX. On Tuesday 8 November, Binance signed a letter of intention to acquire the failing crypto exchange, although at the time it said the agreement was subject to a due diligence process.
10.11 / 01:31
business
Blockchain
Binance
Rescue
Deal
Breaking: FTX’s Binance rescue deal falls apart in less than 48 hours
On Nov. 9, less than 48 hours after Changpeng “CZ” Zhao, CEO of cryptocurrency exchange Binance, announced his intentions to bail out troubled competitor FTX, the firm stated that it would not be pursuing the deal. Binance had signed a nonbinding letter of intent on Nov. 8 that allowed the firm to either fully acquire the FTX exchange, proceed with a partial acquisition of assets, or walk away from the agreement.
10.11 / 01:11
UPS
Binance
Coindesk
Takeover
Binance pulls out of FTX takeover
The u-turn comes a day after Binance and FTX agreed the takeover, although both stressed that this was predicated on a full due diligence process.Since then, Bloomberg has reported that the Securities and Exchange Commission and the Commodity Futures Trading Commission have been investigating FTX’s relationship with FTX US as well as sister entity Alameda Research for months.Alameda Research is the crypto trading firm run by FTX chief Sam Bankman-Fried.
09.11 / 23:55
business
Binance
FTX
centralized exchanges
Binance’s victory over FTX means more users moving away from centralized exchanges
Based on the joint statements on Twitter this week from Binance CEO Changpeng “CZ” Zhao and FTX CEO Sam “SBF” Bankman-Fried, it seems clear that FTX has serious solvency problems — so dire that few in the market are willing to save it. As a result, FTX is turning to CZ as a prospective buyer.
09.11 / 22:31
UPS
Binance
Coindesk
Takeover
FTX faces US regulator investigation as Binance wavers on takeover
Alameda Research is the crypto trading firm run by FTX chief Sam Bankman-Fried.
09.11 / 21:49
business
Binance
Investments
Singapore's Temasek engages with FTX in liquidity crisis
Singapore’s state-owned investment firm Temasek, a shareholder at FTX, is reportedly engaging with the cryptocurrency exchange in the liquidity crisis that led to its unexpected (and still pending) bail out on Nov 8.
09.11 / 21:15
markets
Binance
Bitcoin
Low
Bitcoin sinks to new yearly low at $16.8K as FTX insolvency fears turn into contagion
Crypto markets crumbled for a second day as the fallout from FTX’s liquidity troubles continued to negatively impact investor sentiment.
09.11 / 20:37
09.11 / 20:01
markets
Binance
FTX
Terra Luna
Bitcoin
Bitcoin Price
Takeover
Bitcoin price risks $17K amid claim Binance may reject FTX takeover
Bitcoin (BTC) fell below $17,000 on Nov. 9 as rumors spread over crypto exchange Binance exiting a deal to buy embattled competitor FTX.
09.11 / 19:05
Binance
Tether
Entertainment
IOTA
Crypto News Summary: Galaxy Digital’s $77M Exposure to FTX, Temasek's & Tether's FTX Comments, Trezor Integrates Hodl Hodl
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
09.11 / 18:57
Provident
Binance
Digital
Platform
Binance Coin Price Prediction
Binance Coin Price Prediction – Can BNB Coin Become the Biggest Crypto?
The crypto markets have been in free fall over the past 24 hours following the revelation that FTX may be suffering from liquidity issues.In what has culminated in a possible acquisition of FTX Exchange by Binance, market participants still seem spooked by recent events as the deal is not yet set in stone.
09.11 / 18:21
09.11 / 18:07
Binance
CoinMarketCap
FTX liquidity crisis forces crypto hedge funds into rethink
Crypto hedge funds are changing how they work with exchanges around settlement and asset safeguarding after a liquidity crunch pushed FTX to the brink of collapse.
09.11 / 16:55
business
Binance
regulation
Alameda Research FTT token transfer from September fuels wild speculations
The rumors about the possible liquidity crisis for the world’s third-largest crypto exchange turned out to be true. Just a day after assuring funds are fine, and they have the assets to back customer’s funds, FTX CEO Sam Bankman-Fried (SBF) announced on Tuesday that Binance has shown intent to acquire the global crypto platform to help with the liquidity crisis.
09.11 / 15:57
Provident
Dash
Binance
Platform
FTX Token is Spiralling Toward $0 – Can This New Coin Steal All The Limelight?
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
09.11 / 15:57
Binance
D2T
FTX Token
FTX Token Price Prediction - Can FTX Recover as it Falls 70% in 24 Hours
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.
09.11 / 14:55
cryptocurrency
Binance
FTX
Indian
saga
Binance-FTX saga will have ripple effect on regulation, hiring, confidence: Indian crypto founders
The proposed Binance-FTX deal is expected to have a global impact, including in India, with industry players Moneycontrol spoke with anticipating that the development will exacerbate the bear market and have an influence on regulation, hiring, and industry confidence.
09.11 / 14:07
Binance
FTX
collapses
ftx crypto exchange
Crypto Prices Crash as FTX Crypto Exchange Collapses – What We Know So Far
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.
09.11 / 14:07
Ethereum
Binance
FTX
gas fees
Ethereum Gas Fees Skyrocket 10x Amid On-Chain Panic – Here’s What You Need to Know
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 have also dropped sharply over the past 24 hours.
09.11 / 13:29
cryptocurrency
Binance
fall
Biggest fall in fortune ever: 30-year-old crypto CEO loses ‘billionaire’ status overnight
FTX CEO Sam Bankman-Fried lost his billionaire status overnight as his personal wealth plummeted nearly 94% to $991.5 million in a single day. It marks the biggest wealth collapse of a billionaire ever in a single day, according to Bloomberg.
09.11 / 12:51
Binance
regulation
Senate
FTX-Binance standoff highlights the need for clear rules, says Sen. Lummis
The feud between the CEOs of crypto exchanges FTX and Binance — Sam Bankman-Fried (SBF) and Changpeng “CZ” Zhao — not only crashed cryptocurrency prices but also reminded regulators to step in and avoid similar fallouts in the future.
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