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Tag: Exchanges
Billions of Dollars Exit Exchanges as Investors Scuttle Towards Safety
This week has become a very huge and historic one in the crypto ecosystem as markets have been on a consistent freefall. High-performing tokens at the beginning of the month are now seeing their price...
Traders share pain of potential losses in FTX collapse
Crypto traders took to Twitter to express shock and disappointment in the wake of crypto exchange FTX’s collapse. The industry’s history is riddled with major collapses, with many no...
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...
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 CEO says he didn’t ‘master plan’ FTX’s collapse
One day after news broke that Binance might acquire the non-U.S. assets of FTX amid a liquidity crunch, CEO Changpeng Zhao told staff that the near collapse wasn’t planned and would likely trigg...
Binance CEO Explains Situation With FTX — Says ‘We Did Not Master Plan This’ – Exchanges Bitcoin News
Binance CEO Changpeng Zhao (CZ) has shared where his company is at on the deal with FTX. “We did not master plan this or anything related to it,” he told the Binance team, reminding them not to trade ...
Multicoin Capital hit by FTX collapse, with 10% of its fund’s AUM stuck on the exchange
Multicoin Capital, one of the top crypto-focused venture capital firms, is significantly impacted by crypto exchange FTX’s collapse, a letter obtained by The Block shows. The letter, sent ...
Billions of dollars in crypto pouring out of exchanges following FTX fiasco
Crypto exchange users are withdrawing large sums of cryptocurrencies following FTX’s high-profile collapse. Over the past 24 hours, approximately $1 billion in ether has been withdrawn fro...
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...
Tether CTO denies exposure to FTX and Alameda after exchange’s forced sale
Tether CTO Paolo Ardoino said the world’s largest stablecoin issuer has no exposure to FTX or its sister firm Alameda Research after the crypto exchange was forced into a merger with rival Binan...
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 ...
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...
Crypto Market Rout Fuels Global Exchange Volumes — Kraken, Coinbase Report Connectivity and Latency Delays – Exchanges Bitcoin News
Amid the market carnage on Tuesday, Nov. 8, the top ten cryptocurrency exchanges have seen trade volumes soar. During the 24-hour period on Tuesday, the top five exchanges alone recorded more than $60...
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...
MyNearWallet launches decentralized exchanges (DEX) via Ref Finance
Advertisement     MyNearWallet, a non-custodial web-based wallet that exists within the NEAR ecosystem, has successfully implemented a decentralized swapping feature w...
Coinbase says it has no material exposure to FTX or FTT
Coinbase CEO Brian Armstrong aimed to ease jitters triggered by news that FTX would sell its non-U.S. assets to Binance amid a liquidity crunch by saying the exchange he runs has no material exposure ...
FTX implosion has U.S. regulators on watch
U.S. regulators are monitoring the implosion of crypto exchange giant FTX, which announced earlier today that it is selling FTX.com to rival exchange Binance. The Commodity Futures Trading Commi...
FTX ‘effectively paused’ withdrawals, CEO Sam Bankman-Fried tells employees
FTX.com effectively paused withdrawals, CEO Sam Bankman-Fried told staff via Telegram, according to Reuters. The exchange — which Binance has struck a deal to acquire — experienced around $6 bi...
Binance steps in to buy FTX.com after token collapse
Binance is acquiring FTX.com following the collapse of its native exchange token FTT. FTX founder Sam Bankman-Fried, who’d been silent as questions swirled about the fate of the exchange, ...
Soros-Backed Argentine Neobank Uala Launches Cryptocurrency Trading Services – Exchanges Bitcoin News
Uala, an Argentine neobank backed by George Soros, has launched cryptocurrency trading services for its users in Argentina. Customers of the company with the highest loyalty levels are now able to tra...
Bitmex to launch trading of its BMEX token on Friday
Crypto exchange Bitmex is set to launch trading of its native BMEX token on Nov. 11 after first announcing it last year. Bitmex said on Tuesday that the token will be used to reward customers, a...
Solana price slumps amid FTX, Binance founder fallout
The price of Solana (SOL) fell 9% amid a spat between the founders of Binance and FTX crypto exchanges, Changpeng Zhao and Sam Bankman-Fried. SolUSD chart by TradingView. Aggregate o...
Binance’s CZ says he’s building, not fighting amid FTX tensions
Binance CEO Changpeng “CZ” Zhao said he’s surprised by reactions to the weekend announcement that his firm would start selling off holdings of FTX’s FTT token. “Little di...
Bitcoin Worth $3.15B Transferred to Exchanges in Last 24 Hours
10 seconds ago | 2 mins read Bitcoin News Bitcoin (BTC) surpassed the $20,000 barrier last week. The latest FTX-Binance crisis has also caused increased concern among investors. Volatility has returne...
Whales Transfer Millions of DOGE to Exchanges, Is a Major Price Action Underway?
Dogecoin price had received immense attention in recent times as Elon Musk acquired Twitter and completed the $44 billion deal. While many speculated that the asset may also be included as one of the ...
Santander To Block Transfers To Crypto Exchanges
As part of measures to protect consumers from fraudulent activities, Santander will restrict UK customers from transferring real-time payments to cryptocurrency exchanges beginning in 2023, Reuters re...
FTX’s FTT risks drastic fall as tokens flood exchanges
Glassnode data, as analyzed by CryptoSlate, shows that around 50 million FTX’s FTT tokens have been dumped on exchanges following Changpeng Zhao’s announcement that Binance would liquidate its FTT pos...
Polygon Witnesses Sharp Drop in Supply As MATIC Disappears From Exchanges: Crypto Insights Firm Santiment
A leading analytics firm is revealing that blockchain scaling solution Polygon is witnessing a dramatic drop in the supply of MATIC on crypto exchanges even after the token’s explosive rally in the la...
BetDEX to go live on Solana mainnet before World Cup in Qatar: Exclusive
BetDEX, a sports betting exchange built on a blockchain, will open on Solana mainnet on Nov. 17. The sports betting exchange will go live at the beginning of the FIFA World Cup in Qatar, said Va...