As a result of the recent announcement that Binance would acquire Sam Bankman-Fried’s FTX. The popular trading platform Robinhood has seen its share price drop by over 20% to roughly $9.74. FTX had previously purchased a 7.6% stake in Robinhood in May. Prior to the announcement of the FTX acquisition,
Binance CEO Changpeng Zhao confirmed the largest exchange’s move to “fully acquire” its rival FTX on Twitter on Tuesday, putting an end to all the speculations. Binance signing a non-binding letter of intent (LOI) with FTX.com marked the initiation of the bailout. This afternoon, FTX asked for our help. There
Changpeng Zhao (CZ), CEO of Binance, said yesterday in a tweet that the exchange is still holding Terra Luna Classic (LUNC) in its inventory. He mentioned this while suggesting that the firm was uninterested in Alameda Research’s offer. To swap its FTT holdings over the counter at a premium price.
FTX has also established a new base of operations in the Bahamas. According to the press release, OKX has also registered under the DARE act. OKX, the exchange behind the OKB cryptocurrency, has registered as a Digital Asset Business in the Bahamas, according to a business news release, which has
SBF gave a clear message to its consumers that they must exercise more caution. This compensation from FTX to impacted users is a one-time deal. Over the last several years, crypto phishing assaults have skyrocketed. All it takes is one malicious file attached to an email for this to happen.
SBF suggests paying off the hackers as part of the solution. More than $4.4 billion in 2022 has been lost due to DeFi protocol failures. Cryptocurrency hacking has been prevalent in recent months, notably in the DeFi sector. Chainalysis reports that, so far this month, more than $750 million has
Sam Bankman-Fried, CEO of FTX and a crypto billionaire, made the audacious assertion in May that he will spend $1 billion or more on political contributions before the 2024 US presidential election. According to information from OpenSecrets, if Bankman-Fried had spent that much on politics in the most recent election.
The CEO has announced that a brand new order matcher is in the works. All the features will probably be released on November 1, 2022. Sam Bankman-Fried, CEO of the FTX exchange, discusses the development of the FTX exchange in a series of tweets. He said that several enhancements to
Los Angeles, CA, 3rd October, 2022, Chainwire Takeaways: Jack Dorsey and Elon Musk’s Messages call for a decentralized social media blockchain: DeSo could be the answer. Sam Bankman-Fried, Founder of FTX crypto exchange, also had a conversation about buying Twitter or creating a blockchain-based social network The DeSo Foundation
Similar lawsuits have been filed against Nexo in Kentucky, Vermont, South Carolina, and Maryland. Similar law enforcement actions were taken against Celsius in 2021. On Monday, state securities regulators in California and several other states took action against the crypto lender Nexo, labeling the company’s Earn Interest Product (EIP) unregistered
