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FTX Token (FTT) price witnessed a gigantic drop of nearly 85% in the past trading day, slashing the price from above $25 to as low as $2.5. The huge drop was led primarily due to the rounds of the exchange being insolvent as it halted withdrawals.
Coinbase CEO Brian Armstrong tweeted that Coinbase has no significant exposure to FTX and its platform currency FTT, as well as Alameda's exposure.
A crypto trader known for accurately predicting the previous market crash earlier this year thinks the current digital asset price downtick is “far from over.” The pseudonymous analyst known as Capo warns his 604,900 Twitter followers that the next leg down for crypto is “incoming.
The cryptocurrency market continues to shed blood, with the majority of cryptocurrencies trading in the red on November 9 due to panic selling yesterday, fueled by rumors of FTX's insolvency. While Bitcoin fell to nearly $18,000, Ethereum was on the verge of a significant loss below $1,300.
It appears that FTX (CRYPTO: FTT) may have provided a large-scale bailout to Alameda in the second quarter, which could be the reason for its collapse. FTX and Alameda are sister companies owned by Sam Bankman-Fried.
Jeremy Allaire, co-founder and CEO of Circle, said USD Coin (CRYPTO: USDC) stablecoin is unaffected by the crypto exchange FTX's native token (CRYPTO: FTT) crisis. What Happened: Allaire took to Twitter to share his thoughts on the Binance-FTX fiasco, referring to the FTX bankruptcy as the "Lehman Brothers" moment for crypto.
American crypto exchange giant Coinbase has confirmed that it has no exposure to FTX, which continues to leach liquidity. The post Coinbase Confirms No FTX Exposure as FTT Price Dumps 75% in 12 Hours appeared first on BeInCrypto.
Active addresses transacting with FTX's FTT token have been close to zero throughout 2022, according to Glassnode data analyzed by CryptoSlate. The post Research: FTT token active addresses close to 0 for the entirety of 2022 appeared first on CryptoSlate.
Brian Armstrong addressed concerns about his firm's stability after Binance announced its FTX buyout.
Jeremy Allaire, co-founder and CEO of Circle, shared his thoughts on what industry changes need to occur in light of the FTX situation. The post Circle CEO Allaire calls FTX crisis crypto's ‘Lehman Brothers' moment appeared first on The Block.
FTX's token plunged nearly 80% following news that Binance would acquire Sam Bankman-Fried's crypto exchange.
The CEO of crypto exchange giant Binance says the nascent industry has much to learn from the collapse of the embattled exchange FTX. Hours ago, Changpeng Zhao announced that Binance intends to acquire FTX pending a full due diligence analysis of the business.
Cryptocurrency exchange Coinbase Global Inc assured investors of minimal exposure to privately-held rival FTX after concerns about the latter's financials dragged its digital coin FTT to its lowest since early 2021.
FTT, the token native to FTX, lost most of its value on Tuesday, after rival Binance, the world's largest cryptocurrency firm, announced plans to acquire the company.
In the wake of a rare blood moon lunar eclipse, FTX CEO Sam Bankman-Fried shocked the crypto universe on Tuesday with an announcement that the exchange he founded had agreed on a “strategic transaction,” which effectively would see his non-U.S. business sold to his global rival Binance. The post FTX's Bankman-Fried gets Binance bailout in stunning reversal of fortune appeared first on The Block.
CNBC's Kate Rooney joins 'Closing Bell: Overtime' to report on Coinbase's response to FTX exposure.
Coinbase CEO Brian Armstrong aimed to ease jitters triggered by news that FTX would sell its non-U.S. assets to Binance amid a liquidity crunch by saying the exchange he runs has no material exposure to either FTX its FTT token. The post Coinbase says it has no material exposure to FTX or FTT appeared first on The Block.
The publicly traded crypto exchange sought to reassure customers and investors during panicky conditions on Tuesday.
Binance CEO Changpeng Zhao has disclosed that his company is negotiating with FTX about a possible purchase.
Binance is buying FTX and the market has been thrown into turmoil as traders try to make sense of what it all means for crypto.
FTT token plunged by more than 50% after the announcement of the Binance acquisition. Nearly $500 Million have been liquidated in the last 4 hours.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Nic Carter of Castle Island Ventures discusses the implications of the agreement between Binance and FTX for the crypto market.
Binance CEO Changpeng Zhao has offered to buy FTX as the company faces a liquidity crunch. The offer is non-binding and can be withdrawn.
Martin Shkreli, who became known for raising the price of a lifesaving drug by 5,000%, discussed the potential merger of the cryptocurrency exchange FTX with rival Binance Tuesday with Do Kwon, a South Korean fugitive. What Happened: “This is a depressing conversation,” Kwon said on the "UpOnlyTV" cryptocurrency podcast hosted on Twitch stream.
