Binance will no longer buy FTX
A well-known CEO who was driving the crypto industry’s push into mainstream finance saw a spectacular tumble. A 30-year-old entrepreneur named Sam Bankman-Fried turned FTX, Go to Source
Solana TVL drops 32.4% as FTX turmoil rocks ecosystem
Cryptocurrencies understood to have exposure to Sam Bankman-Fried, FTX, and Alameda Research appear to have been impacted the most. The total value locked (TVL) on the Solana chain has plummeted…
Breaking: FTX’s Binance rescue deal falls apart in less than 48 hours
Binance cited allegations of the mishandling of consumer funds and an investigation from regulators as reasons for exiting the agreement. On Nov. 9, less than 48 hours after Changpeng “CZ”…
Alameda Research and FTX Ventures websites go dark
Pages for the quantitative trading firm and the venture capital arm have been taken offline and made private. Websites linked to crypto exchange FTX have been taken down on Nov.…
Binance’s victory over FTX means more users moving away from central exchanges
Binance faces far less competition in the aftermath of FTX’s fall, but it still may not win a surge in new users. Based on the joint statements on Twitter this…
Bitcoin price hits multi-year low at $15.6K, analysts expect further downside
BTC and altcoins collapse following news that Binance declined to purchase FTX. Analysts share their perspectives on what’s next for the market. Investor sentiment in the crypto market is floundering…
OKX, Kucoin say proof of reserves will be ready in a month
Similar protocols are used by Kraken, Bitmex, Gate.io, and many other exchanges, but were not used by FTX. In the wake of the FTX liquidity crisis, two major crypto exchanges…
MiCA proponent cites FTX in advocating for regulation: ‘Crypto assets are not play money’
“With a global MiCA, the FTX crash would not have happened,” said European Parliament economics committee member Stefan Berger. European Parliament economics committee member Stefan Berger has compared the current…
Orthogonal Credit alleged key weaknesses in Alameda’s due diligence early in 2022
The firm pushed Maple Finance to halt Alameda’s dedicated borrower pool earlier this year. Orthogonal Credit, an arm of the digital asset hedge fund Orthogonal Trading, disclosed on Nov. 9…
FTX Faces Scrutiny From SEC Over Potential Securities Law Violation: WSJ
The SEC has expanded its investigation into the dealings of troubled crypto exchange FTX. The regulator believes that some assets on FTX may qualify as securities. SEC officials have contacted…
Amid the FTX Confusion, Whistleblower Edward Snowden Says ‘Custodial Exchanges Were a Mistake’
Whistleblower and former NSA contractor, Edward Snowden, has been very vocal about the crypto economy in recent times. After publishing a copy of Bitcoin’s white paper on Twitter on the…
Binance Backs out of FTX Deal Citing ‘Due Diligence,’ Reports of ‘Mishandled Customer Funds’
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…
Maple Finance Lending Pool Delegate ‘Identified a Number of Key Weaknesses’ Tied to FTX’s Alameda Research
According to a report from Orthogonal Credit, a delegate of Maple Finance’s lending pools, the firm decided “earlier this year” not to lend to Alameda Research, FTX’s quantitative trading firm.…
Binance CEO Explains Situation With FTX — Says ‘We Did Not Master Plan This’
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…
Cosmos Price Prediction for Today, November 9: ATOM Crashes Below $12 Level
The Cosmos price prediction shows that ATOM failed to trade above the 9-day and 21-day moving averages as the coin heads to the downside. Cosmos Go to Source