With the ongoing controversy between two major cryptocurrency exchanges – FTX and Binance – and the latter dumping $500 million worth of FTT, it is no surprise that the FTX token’s price and market ca...
Tag: FTX
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...
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...
Solana, FTT and Serum prices plummet on back of FTX collapse
The price of coins and tokens commonly associated with FTX CEO Sam Bankman-Fried — sometimes affectionately known as “Sam Coins” — have crashed on the back of the embattled crypto exchange’s col...
FTX ‘s Collapse Might Fail SBF to Lobby Crypto Regulation
Meanwhile, the mid-term election in the US is also influencing and reshaping the regulatory landscape in terms of cryptocurrency amid the turmoil of the collapse of FTX in the crypto market. With a c...
Circle CEO Calls FTX Collapse Crypto’s Lehman Brothers Moment
Co-founder and CEO of Circle, Jeremy Allaire, stressed that a lot in the crypto industry needs to change, given the recent developments surrounding the FTX exchange. Altaire called the recent crisis ...
Are FTX Client Funds Doomed? SBF Sends Email To Investors
Events surrounding the FTX and Binance drama spilled over yesterday. With the demise of FTX, the second largest exchange in the world and one of the supposed flagships of the industry, the crypto mark...
Crypto Market Tanks As Binance And FTX Battle Continues
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...
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...
FTX Token Price Analysis & Prediction (Nov 9th) – FTT Lost Over 80% Today Amid Heavy Liquidation As Price Dumps To $2.51, What Happened?
Following the latest Binance-FTX saga, the price of FTT decreased heavily by 83% today alone, as it now trades below $5. Over $80 billion was wiped out from the overall crypto market capitalization wi...
Cardano Founder On Recent FTX Events Its ‘Good To Be Turtle’
Hoskinson embraces the Cardano turtle tag in light of recent crypto blow-ups. Cardano founder Charles Hoskinson ominously tweeted, “Good to be the turtle,” today in what many perceive as a...
FTX Bankruptcy Rumors Crash Markets- Top 3 Coins to Buy Pronto
Join Our Telegram channel to stay up to date on breaking news coverage Over the past couple of weeks, there have been rumours about FTX facing potential bankruptcy, which was initially slammed by comp...
Why Coinbase Won’t End Up Like FTX: Brian Armstrong
Coinbase CEO Brian Armstrong argued on Tuesday that his exchange isn’t vulnerable to the sort of fallout suffered by FTX this week. He said the “event” surrounding FTX appears to stem from risky busi...
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...
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...
Yuga Labs, Circle, SkyBridge Among Investments FTX Ventures Made Prior to Liquidity Issues
Among the biggest names in which FTX Ventures invested were Bored Ape Yacht Club creator Yuga Labs, USDC stablecoin issuer Circle, layer 1 blockchains Near Protocol and Sui, crypto lender BlockFi and ...
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 Native Token FTT Plunges Following Takeover News
The FTX.com international exchange has long offered traders a variety of perks for holding and staking FTT, the exchange’s native token. Following the news of some sort of buyout deal tentatively reac...
FTX Downfall Leaves Crypto Market in FUD Sentiment
The collapse of cryptocurrency exchange FTX on November 8, has created another big downturn in the already gloomy crypto industry. Bitcoin has collapsed 11.6%, while Ethereum has witnessed a collapse ...
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 ...
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...
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...
Circle CEO Allaire calls FTX crisis crypto’s ‘Lehman Brothers’ moment
Jeremy Allaire, co-founder and CEO of Circle, said the FTX insolvency crisis, which has thrown the crypto market into turmoil, is the “Lehman Brothers” moment for crypto. “Fina...
BNB surges 20% in 2 hours after news of Binance’s planned acquisition of FTX
BNB, issued by the largest exchange by volume, Binance, surged by more than 20% in two hours after Binance CEO. Changpeng Zhao (CZ) announced plans to acquire FTX. Later, however, the BNB price droppe...
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...