The crypto market has seen more than $50 billion wiped off its total market cap in the space of 24 hours. It comes hot on the heels of the market decline triggered by Binance’s massive planned FTT dum...
Tag: FTX
Binance Spot Vol Dominance On Peak Amid Clash With FTX
The recent heated clash between Binance‘s Chief, Changpeng Zhao (CZ) and FTX CEO, Sam Bankman-Fried (SBF) has led to increased volatility in the digital asset market. However, both crypto exchange chi...
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 Agrees to Sell Itself to Rival Binance Amid Liquidity Scare at Crypto Exchange
The situation worsened early Tuesday as FTX customers struggled to withdraw money from FTX. Dozens of customers complained in FTX’s Telegram group and on Twitter about difficulties they experienced. I...
Crypto Bigwigs Hint Not All is Well at FTX – Trustnodes
“All crypto exchanges should do merkle-tree proof-of-reserves,” Changpeng Zhao, Binance’s CEO, said in the first statement since announcing intent to acquire FTX. “Banks run on fractional reserves. Cr...
FTX Limiting Withdrawals to $1,000, Users Report Technical Issues
Arman Shirinyan It’s not best day for one of biggest cryptocurrency exchanges in world Contents Is FTX solvent? Panic or reasonable concern? The battle of Binance against FTX that turned into a ...
The Long-term Impact of the Binance FTX Feud
The psychological tango between the heads of Binance and FTX could have a longer-term impact beyond the price drop of the latter exchange’s native token. Industry participants chimed in before news ca...
Nearly $1B Moved Out of FTX, As A Single Whale Withdraws $247M+ Amidst Insolvency Concerns
– Advertisement – FTX has witnessed nearly $1B in outflows in the past week, with a whale withdrawing over $247M within a day as insolvency concerns gain steam amidst exchange’s clash with...
Binance intends to fully acquire FTX
Sam Bankman-Fried, the founder and CEO of FTX and Alameda Research, confirmed the acquisition, saying that Binance has become the first and last investor in FTX. FTX has come to an “agreement on a st...
Binance To Acquire FTX In Emergency Bailout
Key Takeaways After days of swirling rumors about a liquidity crisis at FTX, Binance has stepped in at the last minute to acquire the company and save it from collapse. This comes as FTX’s own t...
FTX Appears to Have Stopped Processing Withdrawals
The chaos continues. According to on-chain data, cryptocurrency exchange FTX appears to have stopped processing withdrawal requests. Cryptocurrency exchange FTX currently finds itself in an ongoing ba...
Bank Run Leaves FTX Reserves In Shambles, What Happens If The Exchange Falls?
The FTX-Binance troubles have continued and there has been a profound impact on the crypto market during this time. While Binance looks to be holding up quite nicely through all of this, the same cann...
Bitcoin price hits 2-week lows as FTX ‘bank run’ drains BTC reserves
Bitcoin (BTC) and crypto markets fell heavily into Nov. 8 as contagion from the FTX debacle spilled over. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Analysts dismiss FTX insolvency fea...
FTT dumps 30% in an hour amid violent reaction to FTX news
FTX (FTT/USD) token price has dropped more than 30% in one hour and nearly 60% in the past 24 hours, falling from around $22 on Monday to under $10 on Tuesday afternoon. At the time of writing, FTT/US...
FTT slumps 25% amid massive withdrawals from FTX – crypto.news
FTX’s native token FTT continues to plummet as rumors about the crypto exchange’s possible insolvency continue to make the rounds. FTT plunges 25% The price of FTT declined more than 25% on Tuesday, f...
$854,000,000 in Liquidations Rock Bitcoin and Crypto Markets As FTX Token (FTT) Collapses 86%
Extreme volatility is rocking Bitcoin and the overall crypto markets after the leading digital asset exchange Binance announced its intentions to acquire the embattled exchange FTX. Early on Tuesday, ...
SBF says FTX is ‘in the best of hands’ after Binance news
FTX founder Sam Bankman-Fried has said the cryptocurrency exchange is “in the best of hands”, hours after announcing a deal for its acquisition by competitor Binance. The breaking crypto news today th...
Cramer: This FTX vs Binance issue is extremely concerning for crypto
CNBC’s ‘Mad Money’ host Jim Cramer, has added his voice to cryptocurrency’s hottest topic today by noting that the fued issue around Binance and FTX crypto exchanges is “extremely concerning. Cramer s...
CZ Says Binance Intends to ‘Fully Acquire FTX,’ Sam Bankman-Fried Confirms Transaction – Bitcoin News
After all the speculation surrounding the crypto exchanges Binance and FTX, Binance CEO Changpeng Zhao (CZ) revealed that his company is set to acquire FTX. CZ detailed that FTX asked for help and not...
Binance will acquire FTX to help with ‘liquidity crunch’
Listen to this article. Binance and FTX have just announced that, pending due diligence, Binance will be acquiring FTX in order to help with a “liquidity crunch”. Neither FTX nor Binance have provided...
Markets Stunned on FTX and Binance – Trustnodes
A fast jump in bitcoin was followed by most of the gains being erased. Likewise, a spike in FTT has FTX’s token down to the same levels as prior to the astonishing announcement that Binance had signed...
Binance to Acquire FTX Global Amid Broader Market FUD
Binance CEO, Changpeng Zhao has just made a revelation that it is looking at acquiring FTX Global, based on a prompting from the exchange for liquidity bailout. FTX Derivatives Exchange is making the ...
FTX appears to have stopped processing withdrawals, on-chain data show
Crypto exchange FTX, which is currently fighting a battle with rival Binance, seems to have stopped processing clients’ requests for withdrawals, according to on-chain data. The last outgo...
Breaking: Binance to acquire FTX
The headline says it all. Stunningly, the world’s largest cryptocurrency exchange, Binance, is set to acquire the world’s second largest cryptocurrency exchange, FTX. While details are sca...
FTX US Want Staff To Relocate To Miami, Leaving Mayor Francis Suarez Beaming With Smiles ⋆ ZyCrypto
Advertisement     FTX US is pushing its staff to relocate to Miami, the firm’s new hub. The company has strong ties with Miami and is the exclusive crypto partner of t...
Bitcoin and Crypto Markets Pop As Binance Announces Plan to Acquire FTX
Bitcoin and the overall crypto markets are in the middle of an abrupt reversal as two of the world’s largest crypto exchanges announce a deal that’s sending shockwaves through the industry. Following ...
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...
FTX halts ERC-20, Solana, and Tron withdrawals
Listen to this article. FTX has stopped processing withdrawals of ERC-20 tokens, Solana, and Tron since earlier this morning. This comes amidst a renewed focus on the financial position of FTX, Alamed...
Binance Triggers Liquidity Crisis, Then Acquires Bankman-Fried’s FTX
Sam Bankman-Fried’s Twitter account has posted a thread claiming that Binance has agreed a deal to buy FTX, the exchange that he had built into a global crypto titan. The native token of Sam Bankman-F...
FTX treasury lost over $3B in a week, while Binance treasury is up $2B
FTX treasury has lost over $3 billion since the start of November, largely thanks to the implosion of its native token FTT and Solana (SOL) over the period. Source: Arkham Intelligence According to Cr...
Binance Announces Intention to Acquire FTX Following a “Liquidity Crunch” – Trustnodes
Binance’s CEO and FTX’s CEO have both stated their companies have signed a Letter of Intent (LoI) agreement for Binance to acquire FTX. “This afternoon, FTX asked for our help,” Changpeng Zhao of Bina...