FTX had reportedly reached out to several other large exchanges, including Coinbase and OKX, but was turned down. Its finances were one of the factors after the reviewal of which, Binance backed out o...
Tag: Binance
Binance hires UK director, invokes need to comply with regulators
While flagging efforts to remain above board in the United Kingdom, Binance announced it hired a new director. In a LinkedIn post, Binance Regional Manager of Europe and the UK Ilir Laro said his comp...
Binance Shares Hot and Cold Wallet Crypto Addresses and Details About the SAFU Fund – Bitcoin News
After disclosing the trading platform Binance would share proof-of-reserves, the exchange published a blog post called “Our Commitment To Transparency.” The Binance blog post shares addresses tied to ...
Binance Shares Hot and Cold Wallet Crypto Addresses and Details About the SAFU Fund – Coinotizia
After disclosing the trading platform Binance would share proof-of-reserves, the exchange published a blog post called “Our Commitment To Transparency.” The Binance blog post shares addresses tied to ...
Binance Coin Price Prediction – BNB to $1000 Now CZ Backs out FTX Deal?
Join Our Telegram channel to stay up to date on breaking news coverage This has been a very turbulent week for the crypto universe, with so many developments adding new dimensions to this sector. It a...
Binance Discloses Holdings Data of 6 Coins Totaling Approx $70B
The cryptocurrency exchange will be soon publishing Merkle tree proof of funds. The value of BNB tokens held by the exchange is $16.1 billion. The cold wallet addresses of Binance, the biggest cryptoc...
Crypto markets rocked as stablecoin reserves deplete, Curve 3pool concentrated by USDT, 60k BTC leaves Binance, Alameda shorts USDT
Following on from one of the craziest days in crypto history on Nov. 9, the 24/7 crypto markets keep investors busy. Binance released its proof-of-reserves, FTX’s stablecoin balance nears zero, the Cu...
Binance Publishes Details of Holdings in its Hot Wallet
Binance, the world’s largest cryptocurrency trading platform by transaction volume has published the details of the funds in its hot wallet as it seeks to truly lead by example. Taking to its official...
Wall Street sees tightening of regulatory screws after FTX crypto catastrophe
Wall Street may not have seen the FTX debacle coming, but veterans of traditional finance recognize that once the dust settles there will be a new crypto paradigm. “Wall Street is clearly spook...
Binance Discloses Its Bitcoin Holding Amid Market Crash
Binance, the world’s largest cryptocurrency exchange has revealed the details of its hot and cold wallet addresses. It mentioned that it is a part of Binance’s ongoing commitment to transparency. Howe...
Bitcoin Plunges To $15,700 As Binance Rejects FTX Takeover
BTC’s price loses its $18,200 support as the price trades to a region of $15,700 as Binance rejects FTX takeover. BTC’s price continues to look bearish with the market’s current state, as things lo...
Binance CEO in internal memo: ‘I had very little knowledge of the internal state of things at FTX’
“‘It was less than 24 hours ago that SBF called me. And before that, I had very little knowledge of the internal state of things at FTX.’” — Changpeng Zhao, CEO of Binance Binance CEO Changpeng Zhao o...
What next for FTX CEO after Binance deal now off…
Sam Bankman-Fried, the CEO of FTX, is looking at all his options now that Binance has pulled out of the deal to buy the stricken crypto exchange. A proposed deal between CZ’s Binance and Sam Bankman-F...
Binance CEO says El Salvador told him it doesn’t have funds stuck on FTX
Binance CEO Changpeng Zhao said he spoke with El Salvador’s president Nayib Bukele, who denied that the Central American country had any funds on FTX’s exchange. “Man, the amo...
FTX’s Binance rescue deal falls apart in less than 48 hours
On Nov. 9, less than 48 hours after Binance CEO Changpeng “CZ” Zhao announced his intention to bail out troubled competitor FTX, Binance stated that it would not be pursuing the deal. A series of twee...
Bitcoin and ether up as U.S. inflation data below estimates at 7.7% in October
U.S. inflation is showing signs of cooling down as crypto markets remain tumultuous. Inflation in the U.S. came in at 7.7% in October. Based on FactSet data, analysts had predicted an 8% increa...
Binance Withdraws From Acquisition Of FTX
The deal between Binance and FTX.com didn’t go through as Binance reversed the acquisition. We are witnessing the end of Bankman-Fried’s crypto empire. Top crypto exchange Binance Holdings, is abandon...
Why Is Crypto Crashing? The FTX Saga Explained
Key Takeaways After announcing a rescue acquisition of FTX, Binance has pulled out of the deal citing concerns about their business practices and ongoing investigations from US regulators. This comes ...
FTX loses Binance as a savior
FTX came out to report that it was suffering from a liquidity crunch. With the exception of Binance, which expressed interest in acquiring FTX’s non-US operations, a number of businesses began to with...
Binance retracts purchase offer for FTX; Bitcoin slumps to $15K levels as stablecoins test dollar peg
The biggest news in the cryptoverse for Nov. 9 includes Binance’s decision to not move forward with the potential acquisition of FTX, Bitcoin’s retrace to $ 15,000 levels, and multiple stablecoins dro...
Binance publishes wallet addresses, details of current holdings
The world’s largest cryptocurrency exchange, Binance, has released the addresses of its hot and cold wallets and will share details about its financial situation. The move is part of Binance’s o...
Binance Backs Out of FTX Deal Following Due Diligence
The world’s largest cryptocurrency exchange Binance announced on Wednesday it has pulled out from its agreement to acquire rival exchange FTX citing due diligence and “news reports regarding mishandle...
Binance Will Not Acquire FTX
After announcing it would come to the aid of FTX, Binance on Wednesday confirmed that it would no longer move forward with the deal to acquire the troubled cryptocurrency exchange after conducting due...
FTX Acquisition And Crypto Crash Is Bad For The Community, Says CZ Binance
CEO Changpeng Zhao (CZ) gave statements to clarify the air amid the FTX ordeal and circumstances surrounding its acquisition by Binance. On Tuesday, FTT, the FTX native token, went to ruins with over ...
In staff letter, Binance CEO embraces scrutiny from regulators amid potential FTX deal
Changpeng “CZ” Zhao, the CEO of crypto exchange Binance, warned users its intention to acquire FTX may invite scrutiny from global regulators — but the firm is ready. In a letter to Binance staff twee...
Crypto Stocks Continue Drop as Binance Walks Away from FTX Deal
Shares of tech firm MicroStrategy (MSTR, which holds about 130,000 bitcoins, fell 20% Wednesday. Crypto exchange Coinbase (COIN) dropped 9.5%. Crypto-focused bank Silvergate (SI) declined 12%, while f...
Binance Drops Plans to Acquire Finetech Startup FTX
4 hours ago | 2 mins read Editors News Binance decided against purchasing FTX. FTX and Alameda are being investigated by the SEC and the CFTC for mishandling customer funds. Binance, the top cryptocur...
FTX Legal Staff Quit En Masse Amid Binance Assessment
FTX Staff Quit News Updates: Amid a difficult scenario at FTX with the liquidity crisis, the company has news issues to deal with. According to latest reports, a majority of FTX’s employees in some im...
Binance walks away from FTX deal, citing ‘mishandled customer funds,’ regulatory scrutiny
Binance has announced that it will not pursue its option to purchase FTX because of its due diligence and reports that a US agency was investigating the exchange over its handling of customers’ funds....
Binance will no longer buy FTX
Join Our Telegram channel to stay up to date on breaking news coverage A well-known CEO who was driving the crypto industry’s push into mainstream finance saw a spectacular tumble. A 30-year-old entre...
Binance Coin saw momentary respite after bailout news, but…
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Binance Coin bulls were hopeful that recent news could initiate a ...
Binance Pulls Out OF FTX Deal, Bitcoin Crashes Below $16,000
Crypto exchange Binance is officially out of the FTX agreement. According to an official statement, the company won’t purchase its competitor. Via its official Twitter handle, Binance claims that regu...