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Nalezeno "Deal": 1809

From a $32 Billion Valuation to Financial Troubles: An In-Depth Look at the Rise and Fall of FTX

10.11.2022
During the last two days, the cryptocurrency community has been dealing with the FTX fiasco after Binance revealed that it was backing out of the deal to acquire the rival exchange. Between Nov. 8-9, the crypto economy shed more than $230 billion in value as FTX’s troubles shook investors....

Bitcoin Losses Continue after Binance Quits FTX Deal

10.11.2022
After a sudden turmoil in the FTX exchange, crypto enthusiasts thought Binance would come to the rescue, but Binance officials have announced that it is beyond their control. Binance exchange can’t support FTX customers to provide liquidity on the platform. As a result, the crypto market has been...

FTX and Binance’s ongoing saga: Everything that’s happened until now

10.11.2022
The story between cryptocurrency exchanges Binance and FTX has quickly unfolded and caused havoc in the crypto market, here’s a breakdown of where it began and where it is now

Crypto Stocks Continue Drop as Binance Walks Away from FTX Deal

10.11.2022
Concerns around FTX's health along with the broader crypto ecosystem spilled into the stock market Wednesday

A Failed FTX-Binance Deal Is ‘Catastrophic’ for Crypto Sector

9.11.2022
Binance scrapping its acquisition of rival FTX could mean institutional investors deciding to pull some of their money out of the crypto industry

Binance Backs out of FTX Deal Citing ‘Due Diligence,’ Reports of ‘Mishandled Customer Funds’

9.11.2022
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 customer funds,” Binance has decided not to pursue the FTX acquisition....

FTX's Binance rescue deal falls apart in less than 48 hours

9.11.2022
Binance cited allegations of mishandling of consumer funds and investigation from regulators as reasons for exiting the agreement

Binance Walks Away From Deal to Acquire FTX

9.11.2022
A spokesperson for the crypto exchange said FTX's issues "are beyond our control or ability to help."

Binance-FTX Deal Will Bring Regulatory 'Scrutiny’ on Crypto Exchanges: Blockchain Association’s Kristin Smith

9.11.2022
The executive director discusses why Bahamas-based crypto exchange FTX’s fall from grace is likely to “open up a more robust” debate surrounding regulation for exchanges going forward. U.S. Rep. Jim Himes also weighs in

Binance CEO Explains Situation With FTX — Says ‘We Did Not Master Plan This’

9.11.2022
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 the FTX token (FTT) as the due diligence for the acquisition is still ongoing....

In staff letter, Binance CEO embraces scrutiny from regulators amid potential FTX deal

9.11.2022
“People now think we are the biggest and will attack us more,” said Changpeng Zhao in a letter updating staff on the situation with FTX

Bitcoin Falls Below $17K, First Time in 23 Months, as Binance Said to Waver on FTX Deal

9.11.2022
Bitcoin's price hit $16,936 on Bitstamp exchange on Wednesday morning. It was the first time the largest cryptocurrency had fallen below $17,000 since November 2020. The BTC price was down 14% on the day

Bernstein: Binance-FTX Deal May Attract Antitrust Regulators’ Attention

9.11.2022
The combined company would have a more than 80% share of the global crypto market, the report said

Crypto Custody Firm Copper Inks $500M Insurance Deal With UK Giant Aon

9.11.2022
The agreement provides cover against employee collusion, third-party theft and physical loss or damage of digital assets held by the London-based company

First Mover Asia: Prediction Markets Split if Binance Will Pull Out of FTX Deal; Bitcoin Drops 11%

9.11.2022
Investors on PolyMarket think there’s a 45% chance that Binance will pull out of the FTX deal and a 55% chance the deal goes through

Market Wrap: Binance/FTX Deal Sends Bitcoin, Other Cryptos Spiraling

9.11.2022
Crypto prices whipsawed following the announcement that Binance would be purchasing one of its largest rivals. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets

FTX’s Push for US Crypto Clearing Left In Suspense By Binance Deal

8.11.2022
The crypto industry has eagerly watched for a decision from the U.S. Commodity Futures Trading Commission to allow FTX to directly clear its customers’ derivatives transactions, but that market-shaping application has entered murky territory