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Crypto exchange Binance confirmed that it is unloading all of its FTX token holdings. The company explained that the liquidation of its holdings is due to recent revelations that have come to light and not a move against a competitor, according to Bitcoin.com.
It seems that the crypto market is going to witness another worst moment after just recovering from the prolonged effect of the historic crash of Terra's LUNA in May. A leaked report from Sam Bankman Fried (SBF)-founded trading platform, Alameda Research, claimed that the firm's billions of dollars ($3.
CZ said he'll stick with the “free market,” and denies allegations of a conspiracy against FTX.
Binance has announced it's selling off all its FTX Token (FTT), as CEO Changpeng Zhao says FTX has been engaging in political efforts against Binance. In a Twitter thread, Zhao says that last year, Binance decided to sell its equity in FTX, receiving billions in stablecoins and the exchange's native token FTT.
Binance has announced it's selling off all its FTX Token (FTT), as CEO Changpeng Zhao says FTX has been engaging in political efforts against Binance. In a Twitter thread, Zhao says that last year, Binance decided to sell its equity in FTX, receiving billions in stablecoins and the exchange's native token FTT.
Binance has announced it's selling off all its FTX Token (FTT), as CEO Changpeng Zhao says FTX has been engaging in political efforts against Binance. In a Twitter thread, Zhao says that last year, Binance decided to sell its equity in FTX, receiving billions in stablecoins and the exchange's native token FTT.
B2C2 said that crypto traders will likely be paying more attention to the price of Solana and FTT than economic data in the short term. The post B2C2: Crypto market sentiment could hinge on Solana and FTX's native tokens appeared first on The Block.
Traders are scurrying to hedge against a potential slide in crypto exchange FTX's native token, FTT, in the wake of Binance's decision to liquidate FTT holdings and controversy surrounding sister company Alameda Research's balance sheet. This comes as FTX CEO Sam Bankman-Fried tweeted in part that "FTX is fine.
Withdrawals have skyrocketed at FTX amid the uncertainty between exchange CEOs SBF and CZ on Twitter.
Binance CEO Changpeng "CZ" Zhao said he's surprised by reactions to the weekend announcement that his firm would start selling off holdings of FTX's FTT token. The post Binance's CZ says he's building, not fighting amid FTX tensions appeared first on The Block.
Sam Bankman-Fried, the head of FTX, responded to Changpeng Zhao, the CEO of Binance, following the company's announcement regarding the $2.1 billion sale of FTT. CZ vs.
A V-top reversal from the $26.5 local resistance undermines the recent recovery in FTX price. Since last week, the coin price registered a 17% loss, reaching the bottom support of $22.
A flurry of speculation has hit FTT hard — and it has fallen by 14.5% over the past seven days. It's the worst-performing cryptocurrency in the top 30 by market cap.
Binance CEO Changpeng Zhao has spoken out about the feud with rival FTX
Binance CEO Changpeng Zhao is wasting no time in commenting on FTX and Alameda Research's new controversy via Twitter.
Binance FTX Token Updates: Amid much debate around Binance sale of the FTX token (FTT), CEO CZ tried to clear the air of ‘misconceptions'. Stating that he was surprised at the amount of discussion the FTT transfer sparked, CZ said it is not possible to plan such moves.
"Market makers are working overtime to maintain the price of FTT," according to data provider Kaiko. The post FTX token shows signs of resilience after CZ tiff appeared first on The Block.
FTX seems to fall deeper into its despair pit without any anchor. The crypto exchange is facing several issues threatening the stability of the firm.
Yahoo Finance's David Hollerith breaks down the latest in crypto as Binance says it will liquidate all its positions in FTX token and regulation remains in focus as BlockFi brings back crypto yield accounts.
FTX's founder denied liquidity issues with FTT token and claimed to be the victim of false rumors.
Alameda Research and FTX are being criticized. It turns out that Alameda relies heavily on its sibling for net equity.
Cryptocurrencies such as BNB and FTT have been seeing some downside in the last 24 hours. This follows an eventful weekend that has culminated in what has been a clear intention of crypto exchange Binance to begin dumping its FTT holdings.
Chengpeng “CZ” Zhou, CEO and founder of Binance, has thrown some shade at competitor FTX announcing via Twitter it will be exiting its holdings of FTT, the native token of FTX, “due to recent revelations.” The revelations were not disclosed.
Glassnode data, as analyzed by CryptoSlate, shows that around 50 million FTX's FTT tokens have been dumped on exchanges following Changpeng Zhao's announcement that Binance would liquidate its FTT position over the coming months. The post FTX's FTT risks drastic fall as tokens flood exchanges appeared first on CryptoSlate.
