Recently, the crypto space has been facing an unexpected display between two prominent crypto exchanges, Binance and FTX. The CEO of Binance, Changpeng Zhao (CZ), announced that the exchange would liq...
Tag: Binance
Bitcoin price swings to over $20K as Binance helps FTX ‘liquidity crunch’
Bitcoin (BTC) saw major volatility after the Nov. 8 Wall Street open as turmoil over crypto exchange FTX punished markets further. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Binance h...
Binance tops up backstop fund with $215 million in bitcoin and BNB
Binance has topped up an emergency fund designed to protect users following pronounced volatility in crypto markets triggered by the exchange giant’s dispute with — and subsequent surprise rescu...
Binance CEO announces intent to acquire FTX to ‘help cover the liquidity crunch’
Following Binance CEO Changpeng Zhao’s announcement that the company would liquidate its position in FTX Token (FTT), FTX CEO Sam Bankman-Fried, also known as ‘SBF,’ took to social media s...
Bitcoin falls to June lows after Binance announces FTX deal; Coinbase, Kraken undergo downtime
The biggest news in the cryptoverse for Nov. 8 includes Binance’s plans to acquire FTX, Coinbase and Kraken’s downtime after the market plummeted, and FTX’s insolvency being questioned with transactio...
FTX’s Push for US Crypto Clearing Left In Suspense By Binance Deal
“Its proposal with the CFTC to offer central clearing of margin products to retail customers will be seen in a different light,” said Ian Katz, a managing director at Capital Alpha Partners, in a Tues...
Binance CEO CZ Announces FTX Acquisition To Save Liquidity Crunch
In a recent development, Binance CEO, Changpeng Zhao or popularly referred to as CZ announced on Twitter that they have signed a non-binding Letter of Intent (LOI), intending to fully acquire the FTX ...
Binance Takeover of FTX Is a Huge Red Flag for Crypto
One of the most dangerous moments in any hurricane is when the eye passes. Gale winds give way to calm, tempting those hunkering down to come out and assess the damage only to find that more of the st...
Crypto Reacts as Binance on Brink of Acquiring FTX
Binance’s fast-developing and unexpected pending takeover of longtime rival crypto exchange FTX is likely to add even more scrutiny to the asset class, industry participants told Blockworks. Binance ...
Binance to start proof-of-reserves; CZ proposes all crypto exchanges follow suit
Binance CEO Changpeng Zhao, or CZ, recently announced that Binance will start proof-of-reserves to support “full transparency.” CZ also suggested that all cryptocurrency exchanges do merkle-tree proo...
Genesis, Crypto.com latest companies to distance themselves from FTX crisis
Crypto trading and lending firm Genesis Trading and wallet provider Crypto.com are among the latest companies to distance themselves from the FTX liquidity crisis. The two firms took to Twitter ...
Why Binance Acquired FTX Exchange?
The post Why Binance Acquired FTX Exchange? appeared first on Coinpedia Fintech News Crypto giant Binance signed a nonbinding agreement to buy rival FTX’s non-U.S. unit, FTX.com, to help cover a...
Binance Will Stay in the Free Market, Says CZ After Rejecting Alameda’s Offer
Fears of a Terra-style debacle have seeped into the crypto market as the Binance-FTX drama continues. Binance CEO CZ made headlines by announcing plans to liquidate entire FTT holdings gradually to av...
Bankman-Fried apologizes to FTX investors for lack of communication over Binance deal
FTX CEO Sam Bankman-Fried appeared to apologize to investors over a lack of communication about its financial deal with Binance in a letter to investors cited by numerous sources on Twitter. Det...
Will Anyone in the US Be Able To Do Business With Binance?
By Jon Rice / November 8, 2022, 3:39 pm EST American cryptocurrency investors, firms, and even those who provide services to them, are going to have some tough questions over the next few days as the ...
Exchange Wars Turn Into Truce as Binance Acquires FTX.Com
Binance has signed a non-binding agreement to acquire FTX.com following a significant liquidity crunch at the Bahamas exchange. According to Binance CEO Changpeng ‘CZ’ Zhao, Binance is monitoring the ...
How an FTX buyout benefits Binance
What does Binance’s possible acquisition of FTX.com mean for the greater industry? For institutional clients, possibly avoiding a lengthy onboarding process. And for Binance, it could mean acces...
Breaking! Binance To Finally Acquire FTX To Resolve Liquidity Crunch
A lengthy public war of words between two cryptocurrency exchange giants may come to an end as Binance is now all set to acquire its rival FTX. The cryptocurrency sector has witnessed a profound impac...
Binance’s CZ shares ‘two big lessons’ after FTX collapse
Binance CEO Changpeng “CZ” Zhao shared what he said were two big lessons after confirming earlier in the day that FTX had agreed to sell its non-U.S. assets to the rival exchange amid a liquidity crun...
FTX Binance Spat Leading To This?
Ethereum Buy The Dip Sentiment: Ethereum (ETH) was among the assets significantly affected with the FTX Binance spat over the last few days. However, retail traders and big whales were apparently anti...
FTX Token Falls 80% Despite Binance Bailout as Alameda Contagion Spreads to Bitcoin
To illustrate just how spectacular the FTT token price’s collapse has been, take a look at the following chart of the 10 biggest laggards over the past 24 hours in the “Transparent CeFi Cu...
As FTX Falls to Binance, Retail Crypto Investors Rush for the Exits
Amid an escalating war with Binance founder Changpeng Zhao, charismatic FTX CEO Sam Bankman-Fried denied rumors that his crypto exchange was short on liquidity. The next day, FTX halted withdrawals. W...
FTX Price Prediction: FTT Faces Rigorous Selling as Binance Plans to Sell FTT Tokens!
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Binance moves to liquidate FTX token holdings as open interest in FTT futures doubles – crypto.news
This week, FTT has attracted some notice. Users of BitMEX can trade FTT with up to 50x leverage through our FTTUSD and FTTUSDT listings starting at 12:00 UTC today. Quanto Contract Specs for FTTUSD. F...
Bankman-Fried’s priority crypto bill ‘dead’ after FTX sells to Binance
FTX CEO Sam Bankman-Fried poured millions of dollars into political races and lobbying costs this year, becoming crypto’s best-known voice in the world of Washington policymaking. But minutes a...
Robinhood Plunges as Bankman-Fried’s FTX Sells Itself to Binance
(Bloomberg) — Robinhood Markets Inc. tumbled by the most in more than a year after Binance Holdings Ltd. agreed to acquire Sam Bankman-Fried’s troubled crypto exchange FTX.com, which had been co...
FTX’s Bankman-Fried gets Binance bailout in stunning reversal of fortune
In the wake of a rare blood moon lunar eclipse, FTX CEO Sam Bankman-Fried shocked the crypto universe on Tuesday with an announcement that the exchange he founded had agreed on a “strategic transactio...
Binance Announces FTX Buyout And The Market Recovers
Did Binance just do what we think it did? The world’s biggest cryptocurrency exchange by trading volume will likely buy one of its biggest competitors. The market was in turmoil, the players were in p...
Binance To Fully Acquire FTX Exchange
– Advertisement – FTX Inks Partnership Deal With Binance to Clear Withdrawal Backlogs Following Insolvency Concern. Sam Bankman-Fried (SBF), CEO of FTX, has announced that the cryptocurren...
Crypto markets plummet after Binance, FTX deal frightens investors
Crypto prices plummeted following Binance’s deal to acquire FTX.com after a brief bump higher. FTX’s FTT token dropped 70% since popping immediately following the news around 11:15 a...