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...
Tag: Deal
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...
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...
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 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...
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...
Bettors doubting big time that Binance, FTX deal will close, prediction platform shows
A blockchain-based predictions market is showing increasing skepticism that Binance will complete its non-binding deal to acquire the non-U.S. assets of rival exchange FTX as due diligence gets underw...
Binance Walks Out of FTX Deal – Trustnodes
Binance will not be buying the deeply indebted crypto exchange FTX, the company reportedly said in a statement. “As a result of corporate due diligence, as well as the latest news reports regarding mi...
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 financials has apparently led Bina...
Binance Considering Walking Away From FTX Deal After Seeing Books
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...
Crypto market split 50/50 on Binance FTX deal going through
Yesterday, the world’s largest crypto exchange Binance announced it’s set to buy out struggling Bahamas-based rival FTX pending due diligence. However, markets are seemingly 50/50 on the chances of th...
Crypto Custody Firm Copper Inks $500M Insurance Deal With UK Giant Aon
The growth in the value of digital assets in recent years has led to increased demand for cold storage, and generated the means to protect crypto assets offline, particularly as institutional adoption...
SoftBank and BlackRock among FTX investors in the dark over Binance deal
Binance’s agreement to acquire FTX.com has left some of the world’s largest investors in the dark. Beleaguered FTX CEO Sam Bankman-Fried wrote to investors on Tuesday, apologizing f...
Was This an Attempt to Link LUNA’s Collapse to FTT To Complete the Planned Binance-FTX Deal?
FTX Token (FTT) price witnessed a gigantic drop of nearly 85% in the past trading day, slashing the price from above $25 to as low as $2.5. The huge drop was led primarily due to the rounds of the exc...
FTX Token, BNB and Solana soar after Binance CEO inks potential deal to acquire FTX
FTX Token (FTT) and Solana’s SOL (SOL) endured a tough weekend of trading that saw altcoins take double-digit losses in the 15%–30% range, but the tide turned as news broke that Binance could be in th...
Prediction Markets Split if Binance Will Pull Out of FTX Deal; Bitcoin Drops 11%
Bitcoin was recently trading at about $18,400, a more than 11% decline over the last 24 hours. The largest cryptocurrency by market capitalization last fell below $19,000 on Oct. 21. Ether was recentl...
Binance/FTX Deal Sends Bitcoin, Other Cryptos Spiraling
In the immediate aftermath of the announced deal, they sent bitcoin’s price tumbling well below $20,000, its support of the last two weeks. Hours later, prices were bounding above the threshold. But b...
Sam Bankman Fried Confirms FTX Buyout Deal, Thanks CZ For Help
Following all of the rumors surrounding the cryptocurrency exchanges Binance and FTX, Binance CEO Changpeng Zhao (CZ) confirmed that his company is planning to buy its rival FTX. According to CZ, he w...
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...
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...
The Story of Sam Bankman-Fried’s Backroom Deal With Binance’s CZ
We may never know how close Sam Bankman-Fried’s (SBF) crypto empire came to collapse, or the collateral damage that would have caused for the industry, but we do know the principal risks at play. And ...
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...
Crypto lender BlockFi says products are ‘fully functional’ in wake of Binance, FTX deal
Crypto lending firm BlockFi says all of its products are “fully functional” following Binance’s announcement that it plans to acquire crypto firm FTX. FTX, which had been navi...
Crypto markets initially buoyed by Binance’s deal to buy FTX
Crypto prices popped following the announcement of Binance’s blockbuster deal to acquire rival FTX.com. FTX’s FTT token jumped 38% to almost $20 at 11:12 a.m. The price of the nativ...
FTX, Binance Deal Draws Antitrust Concern
In the U.S., antitrust laws such as the Sherman Act outlaw direct competitors from acting to protect each other. CZ said that he had stepped in to protect users after FTX, faced with a “significant li...
Microsoft Deal, Not Earnings, Is the Focus for Activision Stock
Wall Street barely reacted to Activision Blizzard’s third-quarter results on Monday because investors are much more focused its deal to be acquired by Microsoft for $69 billion in cash. Activision Bli...
Inside Egypt’s New Deal With The IMF — Can It Put A Stop To Egypt’s Debt Crisis?
| GIZA, EGYPT Getty Images Key Takeaways Since the Arab Spring in 2010, the Egyptian economy has been under pressure from a variety of sociopolitical forces. Egypt and the IMF agreed to a 46-month fin...
For Indie Comics, The Return Of Small Press Shows Is A Big Deal
Short Run Festival, an independent small press comic show held in Seattle, WA. Short Run The big entertainment-oriented pop culture conventions may be the most visible manifestation of comics fandom, ...