Category: Latest news

[ad_1] As the saga of FTX’s utter collapse continues, Nexo tweeted that its exposure is zero following the recent withdrawal of its total balance held with the troubled exchange. .@Nexo has $0 net exposure to FTX/Alameda. As a conservative institution with stringent risk controls @Nexo has safeguarded *all* funds by withdrawing its entire balances from…

[ad_1] The biggest news in the cryptoverse for Nov. 9 includes Binance’s decision to not move forward with the potential acquisition of FTX, Bitcoin’s retrace to $ 15,000 levels, and multiple stablecoins dropping below $1. CryptoSlate Top Stories Binance walks away from FTX deal, citing ‘mishandled customer funds,’ regulatory scrutiny Binance revealed its intent to…

[ad_1] Binance has announced that it will not pursue its option to purchase FTX because of its due diligence and reports that a US agency was investigating the exchange over its handling of customers’ funds. As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged…

[ad_1] Binance CEO Changpeng Zhao(CZ) shared his views regarding the recent FTX  debacle with the Binance community, stating FTX going down is not good for the industry as it will welcome tougher regulations around the globe.  “Do not view it as a “win for us. User confidence is severely shaken. Regulators will scrutinize exchanges even…

[ad_1] Alameda Research, the trading firm founded by FTX CEO Sam Bankman-Fried, has put its website into ‘private mode.’ The Squarespace-hosted website was updated on Nov. 9 to only be viewable to internal team members without any public announcement. Alameda Research FTX investment companies’ websites down SBF owned roughly 90% of the company as of…

[ad_1] Recent days have seen increased market volatility as the FTX saga blows up. Binance’s offer to buy FTX gives the beleaguered exchange a lifeline. However, as made clear by Binance CEO Changpeng Zhao (CZ,) the deal is subject to satisfactory due diligence. Crypto Twitter is awash with speculation that once FTX’s books have been…

[ad_1] Founder of Volume, which designed the Paloma Protocol, Taariq Lewis, shared his opinions on the upcoming multi-chain future and how Paloma works to strengthen the ties between chains. Volume is a software development company that developed and is built on the Paloma Protocol. Paloma describes itself as a “fast and permissionless blockchain that moves…

[ad_1] Users with funds on FTX might not be able to return their funds if the exchange’s deal with Binance falls through. According to the exchange’s terms of service agreement, no user funds deposited into the exchange can be insured: “Neither Digital Assets nor any fiat currency or E-Money held in your Account is eligible…

[ad_1] In the last 24 hours, the cryptocurrency market cap saw outflows in excess of $100 billion as the industry plunged to $875.52 billion from $971.29 billion as of press time — down 11.02%. Bitcoin and Ethereum market cap fell by 9.06% and 17.56% to $341.85 billion and $149.58 billion, respectively. The top 10 cryptocurrencies…

[ad_1] The “crypto feud” between Changpeng ‘ Zhao (CZ) and Sam Bankman-Fried (SBF) took a turn for the worse on Nov. 8 — culminating in the biggest bull trap in recent memory. Since Nov, 6, when CZ tweeted Binance’s intentions to offload its holdings of FTT tokens, $152.6 billion has left the crypto market resulting…