FTX was not the first high-profile exchange to fail and it won’t be the last. But, we shall emerge from the bear market with less deadweight for those survived. - cryptohayes cryptocurrency
Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.I asked a question on Twitter a few days ago wondering who would be the Lehman Brothers of this crypto credit cycle.
The financials make concrete what industry-watchers already suspect: Alameda is big. As of June 30, the company’s assets amounted to $14.6 billion. Its single biggest asset: $3.66 billion of “unlocked FTT.” The third-largest entry on the assets side of the accounting ledger? A $2.16 billion pile of “FTT collateral.
Once CZ started airing his concerns, though, alarm bells started ringing in the heads of FTX depositors. I woke up on Tuesday to many messages from friends spreading rumors speculating that FTX may have been playin’ funny wit da customer monay. I prayed to Lord Satoshi that FTX had not not dipped their hands in the customer cookie jar.This insane announcement provided probable answers for many questions.We don’t have a definitive answer to this question. But, Binance signed a non-binding letter of intent to purchase the entirety of FTX and pledged to attempt to make whole all customer deposits.
In light of this potentially significant exposure, the questions becomes — can the largest centralized lenders survive:
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
FTX Website Experiences Temporary Outage, Warns Users Not to Make Deposits.FTX_Official’s website experienced a temporary outage on Wednesday, and it now has a banner warning users not to make deposits. cheyenneligon reports
Leer más »
Binance Bails On FTX Acquisition — Here’s What Led To The FTX Crypto CrashBinance will reportedly back out of its agreement to buy rival cryptocurrency exchange FTX, the latest in the sudden unraveling of billionaire Sam Bankman-Fried’s crypto titan FTX once valued at $32 billion, taking down the value of digital assets with it.
Leer más »
Binance Bails On FTX Acquisition — Here’s What Led To The FTX Crypto CrashBinance will back out of its agreement to buy rival cryptocurrency exchange FTX, Binance said Wednesday afternoon, the latest in the sudden unraveling of billionaire Sam Bankman-Fried’s crypto titan FTX once valued at $32 billion.
Leer más »
First Mover Americas: FTX Fallout Heats UpThe fallout from FTX’s agreed sale to Binance has heated up with crypto prices sliding and firms scrambling to distance themselves from the exchange. JamieCrawleyCD reports.
Leer más »
![[Review] The First Positive Sum Defi Protocol on Ethereum Is Getting a Major Update | HackerNoon](https://i.headtopics.com/images/2022/11/9/hackernoon/review-the-first-positive-sum-defi-protocol-on-eth-review-the-first-positive-sum-defi-protocol-on-eth-1590101910840696832.webp?w=640)
[Review] The First Positive Sum Defi Protocol on Ethereum Is Getting a Major Update | HackerNoonSturdy Finance is the only positive-sum lending protocol on Ethereum and Fantom. Read for an in-depth review of a major update the project is going through. - cc: sturdyfinance pgpsam curvefinance cryptolending lendingprotocols
Leer más »
Binance and FTX: How All Developed and Was It a Well-Crafted Plan of CZ? | HackerNoonWhen FTX froze withdrawals and seemed to collapse, Binance stepped in and saved its rival from bankruptcy by offering to purchase it. Was it planned by CZ? - binance ftx
Leer más »