The past few days saw extreme turbulence related to FTX, Alameda, and Binance. In the wake of it, ending with Binance’s statement of intent to take over FTX’s business, the CEO of both companies has b...
Tag: FTX
FTX Disaster Doesn’t Scare Cathie Wood’s ARK As They Double Down On Coinbase COIN
FTX, with all the bad publicity attached to the beleaguered crypto exchange, is sending shivers down the spines of investors and traders. Many people in the crypto space are now bracing for more bad n...
SEC Probing FTX Asset Crisis, Sam Bankman-Fried Crypto Empire
FTX SEC Probe news: Sam Bankman-Fried’s FTX is now under the crosshairs of the US SEC and CFTC after the exchange’s liquidity crisis played out. The US regulators are probing the manner in which FTX h...
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...
FTX Website Experiences Temporary Outage, Warns Users Not to Make Deposits
While FTX US’s website is currently functioning fine, other websites associated with the struggling exchange have gone dark in the wake of its liquidity crisis and subsequent news that it would ...
Bankman-Fried tells FTX top priority is fundraising after failed Binance deal
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...
Sequoia Capital Writes Down Entire Value of Its FTX Stake
(Bloomberg) — Sequoia Capital wrote down the full value of its holdings in FTX, a signal the venture capital firm sees no clear path to recouping its investment in the embattled cryptocurrency e...
Galaxy Digital Held $77 Million in FTX Exposure, Earnings Show
In its recently released third-quarter earnings report, crypto financial services firm Galaxy Digital revealed that it holds over $76 million worth of exposure to FTX, the mainstream crypto exchange t...
Who Will Fall Victim To The FTX Fiasco?
The current state of the crypto market today has proven what everyone always feared, uncertainty. Many investors initially lost millions because of the crypto winter. However, in the heat of the marke...
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...
With FTX Bloodied, Rival in US Regulatory Fight Adds Another Knife
An old-guard rival of FTX from the derivatives markets sought to drive a stake through its heart as the crypto company struggled to save itself from financial disaster on Wednesday. A subsidiary of Cb...
FTX Exchange Valuation Falls From $32B To $1
– Advertisement – FTX’s valuation tanks as Binance abandons the acquisition deal. Bloomberg’s wealth index now believes FTX to be worthless, as Binance has announced its decision to pull o...
Binance’s CZ says on FTX acquisition
Binance CEO Changpeng Zhao(CZ) shared his views regarding the recent FTX debacle with the Binance community, stating FTX going down is not good for the industry as it will welcome tougher regulations...
Renowned Crypto Leaders Worried About Aftermath of FTX Collapse
Cardano founder Charles Hoskinson says that if FTX fails Binance’s due diligence process, the effects on the crypto market could be catastrophic. Hoskinson said in a vlog post that there is a nonzero ...
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 Affirms $8B Need To Avert Bankruptcy
The cancellation of the Binance-FTX deal sent the Bitcoin and crypto markets tumbling lower yesterday. When the statement was released late Wednesday afternoon that Binance was pulling out of the tent...
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...
The Downfall of Sam Bankman-Fried’s FTX: The Industry Reacts
The rise and fall of Sam Bankman-Fried’s FTX exchange has already had a profound impact on the industry. Bankman-Fried is among the most influential political dealers in crypto, and so regulators and ...
Justin Sun says he is working on “solution” with FTX
Justin Sun, the billionaire founder of the Tron blockchain, said late on Nov. 9 that he is working on a solution with FTX, the crypto exchange engulfed in a liquidity crisis. In a tweet, Sun sai...
Big News: Sequoia Capital will reduce its $213.5 million FTX investment to zero
Sequoia Capital has just reduced the value of its stake in the cryptocurrency exchange FTX to zero — a stake that, since last week, likely reflected one of the most substantial investment gains in the...
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...
CHZ investors must keep a close watch on the FTX acquisition for these reasons
Following the market downturn on 8 November, Chiliz [CHZ] broke out of a rising wedge to suffer a 17% price decline in the last 24 hours Buying pressure declined significantly on a daily chart as sel...
Sequoia says its investment in FTX is now worthless
Sequoia Capital, a leading venture capital firm, said in a letter to its limited partners that it has marked down the value of all its investments in FTX to zero. The letter, sent today by th...
Crypto Exchanges Rush To Provide Proof-of-Reserves Following FTX Crisis
After the liquidity issue of FTX, consumer fears of insolvency have increased, but some of the major cryptocurrency exchanges on the market have reassured that they will soon reveal confirmation of th...
Singapore’s State Investor Temasek Is Engaging With Embattled Crypto Exchange FTX – Bitcoin News
According to a report published on Nov. 9, 2022, Temasek Holdings, the Singaporean state holding company owned by the government of Singapore is allegedly engaging with FTX amid Binance’s plans to bai...
Justice Department joins SEC in FTX probe: WSJ
For collapsed cryptocurrency exchange FTX, legal troubles are mounting. The Department of Justice (DoJ) and the Securities and Exchange Commission (SEC) are working together to investigate FTX’s...
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...
Alameda Research website goes private following FTX collapse
Alameda Research, the trading firm founded by FTX CEO Sam Bankman-Fried, has put its website into ‘private mode.’ The Squarespace-hosted website was updated on Nov. 9 to only be viewable to internal t...
Instability hits FTX website during crypto market tumult
Embattled crypto exchange FTX is struggling to stay online. FTX’s international website is online at the time of publication. “We’re sorry, something went wrong while processin...