Crypto giant Binance is buying its rival FTX following a very public dispute
Binance of attacking his company with"false rumors," and maintaining that everything was"fine." By today, however, the two companies had reached a takeover deal while acknowledging that Binance would help resolve a"liquidity crunch" affecting FTX's transactions.
, CryptoQuant noted that FTX's net crypto asset holdings plunged 83 percent in just the past two days. That reportedly made withdrawals so difficult that FTX had to introduce stablecoin liquidity to process the moves through the markets or other exchanges. The company's stablecoin reserve has fallen by 93 percent in the past two weeks, and related withdrawals fell to near-zero by early this morning.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Crypto exchange Binance says it will acquire rival FTXBinance, the world's largest crypto exchange, has signed a letter of intent to acquire its rival FTX, Binance's co-founder and chief executive Changpeng Zhao...
Leer más »
Crypto exchange Binance to acquire rival FTXNEW: Binance, the largest crypto exchange in the world, has signed a letter of intent to acquire its fast-growing rival FTX.
Leer más »
Here's What's Happening with FTX and Why It Is Selling Millions Worth of Stablecoins$FTT faces enormous pressure, but FTX plans on bailing out its own cryptocurrency, injected millions of dollars into platform
Leer más »
Fight Between FTX and Binance EscalatesBinance-FTX rivalry has seeped into public, with two crypto giants now openly attacking each other
Leer más »
Crypto Markets Lost $70B Amid Binance-FTX Drama (Market Watch)FTX's native cryptocurrency is among the poorest performers today, following the recent drama with Binance.
Leer más »
FTX and Binance beef bothers crypto market, bitcoin plunges below $20,000FTX and Binance look set to be the main event while traditional markets brace for economic indicators.
Leer más »