Binance To Acquire FTX Live Updates

Binance Is Going to Acquire FTX Live Updates Where Sam Bankman-Fried Talks About How the Crypto Market Crashed Binance Is Going to Acquire FTX.

Recent Released: Prepare for “Scourge,” a New Stage in Updated Ethereum Roadmap

When cryptocurrency exchange FTX reached out to Binance for assistance with a liquidity shortage it was experiencing, the market plummeted. Changpeng “CZ” Zhao, CEO of Binance, has announced that he and Sam Bankman-Fried, CEO of FTX, have signed a non-binding LOI with the intention of acquiring in its entirety.

Along with the rest of the market, crypto prices dropped. Within the past day, the price of Bitcoin has dropped by 7%, while the price of Ethereum has dropped by nearly 11%.

Recent Binance-FTX News & Market Data

12:23 PM | NOV 09 2022

There Was a 78% Drop in FTX Token (FTT) FTT, the native token of the FTX exchange, has dropped by nearly 78% in the past day, from $8.50 to $3.15. The daily low is $3.15, and the daily high is $19.51.

12:16 PM | NOV 09 2022

The Alameda Study by SBF Failed in the Second Quarter. In the second quarter of this year, Alameda Research was already in serious difficulties. Forty days ago, a massive rabbit hole opened up when $4 billion worth of FTT tokens (of of a total of 173 million) suddenly became active on the blockchain. CoinMetrics reports that on September 8 a total of $8 billion in FTT was transacted on the blockchain.

See also  What occurred at FTX won't happen on Coinbase. Armstrong

11:48 AM | NOV 09 2022

As Binance prepares to acquire FTX, the cryptocurrency markets crash.

Following reports of a liquidity crisis at FTX, the cryptocurrency markets crashed. Binance has a LOI in place to acquire FTX, however it is not legally binding. In the past day, Bitcoin was down 12% and Ethereum was down a stunning 17%.

11:46 AM | NOV 09 2022

The FTX Buyout is Official, Says Sam Bankman Fried

After Binance CEO Changpeng Zhao announced plans to acquire a competitor, FTX CEO Sam Bankman-Fried confirmed the agreement and asked Binance to ease a liquidity shortage on the exchange.

11:40 AM | NOV 09 2022

The Binance Exchange Is Purchasing FTX

After Sam Bankman-Fried reached out to Binance CEO “CZ” for assistance during a liquidity crisis, Binance said it will acquire FTX, a competing cryptocurrency exchange.

Source: Google Trend

By Vil Joe

A writer and editor based out of San Francisco, Vil has worked for The Wirecutter, PCWorld, MaximumPC and TechHive. Her work has also appeared on InfoWorld, MacWorld, Details, Apartment Therapy and Broke-Ass Stuart. In her spare time, she takes too many pictures of her cats, watches too much CSI and obsesses over her bullet journal.

Leave a Reply

Your email address will not be published. Required fields are marked *