As Binance pulls out of an FTX acquisition, Sam Bankman-Fried’s exchanges are facing regulatory scrutiny in the U.S….
Continue reading on https://decrypt.co/114050/sec-cftc-investigating-ftx-lending-structure-report
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Binance no longer wants to rescue FTX—and now FTT is in freefall….
Continue reading on https://decrypt.co/114064/ftx-token-ftt-heads-toward-zero-after-liquidity-crisis-botched-binance-deal
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Binance is pulling out of the deal to buy FTX. On Tuesday 8 November, Binance signed a letter of intention to acquire the failing crypto exchange, although at the time it said the agreement was subject to a due diligence process. But as the contagion from the collapse of the FTX leads to a bloodbath in crypto asset prices, the quality of the FTX balance sheet and that of its sister company Alameda is likely to have deteriorated sharply….
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After Binance announced its intent to acquire competitor FTX on Tuesday, the crypto exchange has called off the deal….
Continue reading on https://decrypt.co/114052/binance-cancels-plans-acquire-ftx
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As Binance mulls an FTX acquisition, Sam Bankman-Fried’s exchanges are facing regulatory scrutiny in the U.S….
Continue reading on https://decrypt.co/114050/sec-cftc-investigating-ftx-lending-structure-report
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Cardano price holds above $0.30 amid another 2022 crypto crash that followed the Binance and FTX drama. Although the selloff initially affected FTX Token (FTT), which has since lost 75% of its value over the last 24 hours to trade at $4.43, mass withdrawals from the FTX exchange have hammered an already dilapidated cryptocurrency market….
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With Bitcoin and Ethereum plummeting double-digits, the Binance chief said the move was to adjust to “recent price fluctuations.”…
Continue reading on https://decrypt.co/113982/binance-tops-emergency-fund-1b-amid-ftx-takeover
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The crypto markets have been in free fall over the past 24 hours following the revelation that FTX may be suffering from liquidity issues.In what has culminated in a possible acquisition of FTX Exchange by Binance, market participants still seem spooked by recent events as the deal is not yet set in stone….
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Major crypto exchange Binance will follow Gate.io ’s and Kraken’s example and start doing Proof-of-Reserve (PoR) audits, said CEO Changpeng Zhao. Zhao, known as CZ, tweeted on Tuesday evening (UTC time) that Binance would “soon” start to do proof-of-reserves, arguing that: “All crypto exchanges should do merkle-tree proof-of-reserves. Banks run on fractional reserves.
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Brian Armstrong addressed concerns about his firm’s stability after Binance announced its FTX buyout….
Continue reading on https://decrypt.co/113937/coinbase-ceo-doesnt-have-material-exposure-ftx-alameda
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