FTX
Sam Bankman-Fried’s Crypto Exchange FTX Agrees to Sell Itself to Rival Binance
Binance agreed to buy rival cryptocurrency exchange FTX, a stunning outcome that followed days of speculation – spurred by a CoinDesk article on Nov. 2 – that FTX and corporate sibling Alameda Research faced a liquidity crisis. CoinDesk Deputy Managing Editor Tracy Wang discusses the state of the FTX-Binance deal and the potential ripple effects.
Rep. Jim Himes on FTX-Binance Deal's Antitrust Concerns
The proposed sale of crypto exchange FTX’s non-U.S. business to Binance has drawn concerns of antitrust retaliation in the U.S. and elsewhere. Rep. Jim Himes (D-Conn.) weighs in. "We always are concerned when that happens," Himes said. "[But] I just don't know how traditional antitrust actors like the FTC and the Department of Justice would think about a market that is this volatile and changing this rapidly."
Crypto Bank Silvergate’s Stock Defended By Analysts Amidst FTX Concerns
Shares have fallen this week on broader crypto market worries, including the fact that FTX is a customer.
FTX Agrees to Sell Itself to Rival Binance
Binance agrees to buy rival cryptocurrency exchange FTX following a liquidity crisis faced by FTX and corporate sibling Alameda Research. Host Joel Flynn discusses whether investors should be concerned. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
Why Did FTX Pause Withdrawals if It Wasn't Trading Customer Funds?
The exchange's own terms of service dictate customer balances shouldn't have moved. So what really happened?
Bitcoin Hits 2-Year Low Below $16K After Binance Backs Out of FTX Deal
Bitcoin's price fell as low as $15,625 Wednesday. It was the first time the largest cryptocurrency has fallen below $16,000 since November 2020. The BTC price was down 14% on the day, the biggest plunge in almost five months.
What EU Merger Regulators Have in Store for Binance’s FTX Buy
European Union merger approval processes of 18 months can be sped up if there are concerns that FTX might topple, CoinDesk was told.
Binance Is Strongly Leaning Toward Scrapping FTX Rescue Takeover After First Glance at Books: Source
Backing out would be one more stunning development in the collapse of Sam Bankman-Fried’s crypto empire.
Binance CEO Zhao Says Planned FTX Acquisition Is Not a 'Win for Us'
Zhao also noted in a Wednesday memo to staff that Binance had stopped selling its holdings of FTX's tokens given the ongoing due diligence for the deal.
Sam Bankman-Fried ya no es billonario tras perder US$14.600M de la noche a la mañana
El CEO de FTX perdió aproximadamente US$14.600 millones, casi el 94% de su riqueza total, según el Índice de Multimillonarios de Bloomberg.
