The major crypto exchange Binance has revealed details about its reserves as nervousness started to spread in the crypto community following the collapse of rival exchange FTX. According to the information Binance has revealed so far, the exchange held the following digital assets as of November 10: In total, the current market value of these cryptoassets at the time of writing is close to $71bn….
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FTX CEO Sam Bankman-Fried has sent apologies in his first series of tweets since the collapse of FTX. “I fucked up, and should have done better,” the CEO said. In his first series of tweets since Binance announced and then reversed an offer to buy troubled crypto exchange FTX, SBF apologized to everyone involved in the platform, acknowledging he had made mistakes and reiterating his commitment to doing right by users….
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Binance had originally received FTT tokens as part of its divestment from Sam Bankman-Fried’s exchange last year. But it’s only been able to sell off a small amount….
Continue reading on https://decrypt.co/114160/binance-ftx-ftt-token-supply
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Some users were able to withdraw large amounts, including half a million worth of USDC sent to a wallet on Binance and $1.3 million USDC….
Continue reading on https://decrypt.co/114135/ftx-users-bahamas-exchange-withdrawals
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Rumors spread earlier that El Salvador was holding its Bitcoin on the collapsing exchange….
Continue reading on https://decrypt.co/114130/el-salvador-president-denies-storing-bitcoin-on-ftx-binance-ceo
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Binance Coin price, like most cryptocurrencies in the market, is feeling the pinch of the FTX liquidity crisis. The native exchange token lost 6.6% of its value overnight before rebounding and spiking past $300. If the price holds above $260 for a few days, BNB could quickly return to its former grace and close the gap to $400….
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Amid the collapse of FTX exchange, leading cryptocurrencies in Bitcoin, Ethereum, Binance Coin, Polkadot, and Solana have continued to nosedive….
Continue reading on https://decrypt.co/114087/crypto-chaos-continues-market-overnight
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Earlier this week, speculations around the liquidity crunch at FTX sent shock waves across the entire crypto industry. The news that Binance could potentially purchase FTX slightly saved the day, but when the exchange backed out of the deal yesterday, cryptocurrency prices went into a free fall. … Read More: Crypto Price Crash Update: Why Did FTX Fall?
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The cryptocurrency market continues to experience a massive downtrend. The global crypto market cap fell over 11% to $809 billion the previous day, sending major cryptocurrencies into the red on early November 10. Over the last 24 hours, the entire crypto market volume plummeted 11% to $189 billion. Bitcoin dropped to nearly $16,010, while Ethereum was on the verge of a significant drop, trading just above $1,100….
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FTX Token price prediction is bearish as FTT has plunged over 80% from $22 to $4. On Tuesday, Sam Bankman-Fried shocked the cryptocurrency community by announcing that Binance would acquire his exchange, FTX. However, the purchase was revealed by FTX CEO Bankman-Fried in a tweet on Tuesday, and only hours before that, the drama was brewing in the background as the exchanges’ founders appeared to be arguing over Twitter….
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