FTX CEO Sam Bankman-Fried hasn’t given up yet. A day after rival Binance walked away from making a deal with troubled crypto exchange FTX, Bankman-Fried is once again looking to raise mone...
Tag: Binance
Binance Might Scrap FTX Takeover Over Poor Internal Review
After less than a day of assessing the company, cryptocurrency exchange giant Binance is very unlikely to proceed with its proposed acquisition of struggling rival FTX, according to a person with know...
Binance CEO internal memo: Binance CEO claims he did not “master plan” FTX’s extinction
Changpeng Zhao, the CEO of Binance, also recognized as “CZ,” tried to warn users that the company’s intention to procure FTX may attract scrutiny from global regulators — but the firm is ready. We pre...
Cryptocurrencies To Buy Before 2023 – Ethereum, Binance and Big Eyes Coin
As we approach 2023, it is better to research the cryptocurrencies that are predicted to do well in the new year. Whilst nothing is certain when it comes to the crypto world, experts can predict that ...
Binance Likely to Back Out of FTX Acquisition
In a shocking turn of events, a CoinDesk report reveals that cryptocurrency exchange Binance is highly unlikely to go ahead with its proposed acquisition of rival FTX. Less than a day after reviewing ...
FTX Legal Department Jumps Ship, Binance Deal Fizzles Out
The FTX drama continues as the deal with its competitor Binance falls apart. According to several reports, employees at the platform are fleeing amid growing concerns about a massive $6 billion hole o...
Binance Acquiring FTX Takes U-Turn ! Why CZ Backout From The Deal ?
Binance is reportedly not likely to proceed with the FTX deal, according to persons close to the companies. While due diligence was part of the non-binding acquisition agreement, Binance is reportedly...
Binance Bails Out From FTX Takeover Deal
Binance has announced that it will “not pursue the potential acquisition of FTX.” Binance on Twitter announced the crypto exchange would end the acquisition plans because, among other reas...
Binance Makes a Proof-of-Reserve Pledge
After the market chaos that ensued earlier this week, Binance, and many other firms have pledged to soon start a Proof-of-Reserves audit system to allow verification of its digital asset holdings. CEO...
Bitcoin Price Tanks Below $16K As Binance Pulls FTX Deal
Crypto and stocks extended their declines Wednesday as investors kept their eyes peeled for pending midterm election results and updates regarding apparently canceled plans for Binance to purchase FTX...
FTX tells investors bankruptcy is likely without fresh cash: Bloomberg
FTX founder and CEO Sam Bankman-Fried told investors that the crypto exchange would need to file for bankruptcy without a cash injection, Bloomberg News reported, citing a person with direct knowledge...
Binance bailed on FTX. It’s not the first time the firm has backed out of a deal
Binance pulled out of its deal to acquire FTX after reviewing the exchange’s financials. It’s not the first time it’s bailed on a deal. The skepticism was almost immediate foll...
Binance Tops up Its Insurance Fund to $1 Billion Following FTX Crash
Binance’s CEO said the world’s largest cryptocurrency exchange increased its Secure Asset Fund for Users (SAFU) to $1 billion again. This comes as a result of the recent market plunge, and its purpose...
Bitcoin losses continue after Binance quits FTX deal
Crypto markets continued to fall Wednesday, with news that Binance won’t buy FTX, fueling additional declines as U.S. equities markets closed. The day’s losses have been fueled by gr...
CZ Tells Binance Team Across World Not to Trade FTX Coin
– Advertisement – CZ says trading FTX coin is risky. Binance CEO Changpeng Zhao”CZ” Zhao has revealed a note sent to the Binance team across all countries, as he asks the team not to trade...
Binance backs out of FTX acquisition deal
Crypto exchange giant Binance will not buy FTX after reviewing the company’s financials. “Our hope was to be able to support FTX’s customers to provide liquidity, but the issue...
Binance reassures users by topping up SAFU to $1 billion
The crypto-market turmoil triggered by FTX’s solvency concerns has got the whole industry in a blanket of FUD. Everyone from influencers, traders, and investors are scrambling to take their funds off ...
Binance tops up SAFU fund at $1 billion amid price fluctuations
As the liquidity crisis and acquisition of cryptocurrency exchange FTX continues, Binance CEO Changpeng “CZ” Zhao assured his community of insurance of sufficient funds backing the network. In a twee...
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 its decision was ma...
CZ Says Crypto Crash, FTX Deal Bad For Binance & Ecosystem
Crypto Crash News Live: Binance CEO CZ said the crypto crash resulted from the FTX acquisition announcement is bad for the crypto ecosystem. In a note shared with Binance employees, CZ said FTX collap...
$1 Binance FTX deal is off unless FTX.US is part of the package: Source
By Jon Rice / November 9, 2022, 3:29 pm EST Binance will not go ahead with the proposed deal to acquire FTX unless the US-based exchange partner FTX.US is part of the deal, according to a source with ...
Binance Bails On FTX Acquisition — Here’s What Led To The FTX Crypto Crash
Topline Binance will back out of its agreement to buy rival cryptocurrency exchange FTX, Binance said Wednesday afternoon, the latest in the sudden unraveling of billionaire Sam Bankman-Fried’s crypto...
Twitter Erupts With Memes as Binance Acquires FTX
On Tuesday, the cryptocurrency market took a hit as Binance CEO Changpeng Zhao, popularly known as CZ, revealed that the company would liquidate its entire FTX holdings. This announcement sent shockwa...
Binance Backs out of FTX Deal Citing ‘Due Diligence,’ Reports of ‘Mishandled Customer Funds’ – Bitcoin News
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...
Binance Backs OUT from FTX Purchase: Renewed Crypto Market CRASH?
Breaking News: Binance backs out from its decision to acquire FTX. This news took another heavy toll on the crypto market. In the past 24 hours, the crypto market lost on average around 14%. Will the ...
Changpeng Zhao Reveals Internal Note to Binance Employees, Says FTX Takeover Agreement Wasn’t Planned
Binance CEO Changpeng Zhao says that its tentative agreement to acquire rival crypto exchange FTX wasn’t a planned event. In a memo sent to Binance employees, Zhao says that there was no “master plan”...
Crypto Market Could See Biggest Crash In History If Binance Cancels FTX Acquisition — Arthur Hayes ⋆ ZyCrypto
Advertisement     Arthur Hayes, co-founder and former CEO of crypto exchange BitMEX has warned that a decision by Binance to pull out of the FTX acquisition arrangemen...
Binance Is Strongly Leaning Toward Scrapping FTX Rescue Takeover After First Glance at Books: Source
Cryptocurrency exchange giant Binance is highly unlikely to go through with its proposed acquisition of struggling rival FTX after less than a day of reviewing the company, according to a person famil...
Binance spot volume dominance jumps to 71% amid FTX freeze
After turning over more than $51.3 billion in volume over the past 24 hours, crypto exchange Binance currently holds 71% of the spot market for cryptocurrency trading, according to data from The Block...
Sources say Binance could scrap the deal with FTX
Binance’s market-altering deal to acquire rival FTX might not go through, sources close to the matter told CoinDesk. On Tuesday, Binance announced a non-binding letter of intent to take over FTX but n...
Binance Walking Away From FTX Deal After Seeing Books, Reports of Mishandling Funds
Key Takeaways Binance may abandon its deal to acquire FTX, according to reports. Yesterday’s news that Binance would acquire its most relevant competitor sent markets reeling. The idea of the de...
Binance Backs Out of FTX Acquisition, Cites Crypto Exchange’s Balance Sheet and Pending US Investigations
Global crypto giant Binance says it’s decided not to acquire the embattled digital asset exchange FTX. In a series of tweets, Binance lays out its reasoning for rapidly deciding not to pursue the deal...