Binance Chief Says Near Collapse of FTX ‘severely’ Eroded Confidence in Crypto Industry
Changpeng Zhao tells employees that the bailout of its chief rival is ‘not a win’
Binance To Start Proof Of Reserves For Full Transparency
In latest developments, Binance CEO CZ, has recommended that all crypto exchanges should do merkle-tree proof-of-reserves. He further suggested that crypto exchanges should not run on fractional reserves, unlike banks.
FTX, Binance Deal Draws Antitrust Concern
The proposed sale of FTX’s non-U.S. business to Binance, announced Tuesday amid concerns over stability at FTX, has drawn concerns of antitrust retaliation in the U.S. and elsewhere.
Before Deal with Rival, FTX Scoured Wall Street, Silicon Valley Billionaires for $1 Billion Lifeline
In the hours before it secured rescue financing from its rival Binance, the crypto exchange FTX sought a bailout of more than $1 billion from Silicon Valley and Wall Street billionaires, people familiar with the matter told Semafor.
FTX Implosion Has U.S. Rgulators on Watch
U.S. regulators are monitoring the implosion of crypto exchange giant FTX, which announced earlier today that it is selling FTX.com to rival exchange Binance.The Commodity Futures Trading Commission is watching the situation, but, "any regulatory issues right now are unclear," spokesperson Steven Adamske told The Block.
Here’s Why Binance Plans to Liquidate Its FTX Token (FTT) Holdings
Binance will liquidate all the remaining FTT tokens from the $2.1 million crypto fund it received last year after exiting FTX equity.
Binance Offers $1 Million in Rewards for Football Fans Around The World
Binance ‘Football Fever 2022’ launches on November 7, 2022, with the aim of bringing people all over the world together and connecting a passionate community of sports and football fans.
