Binance and FTX clash over the price of FTX’s FTT token
As rumors of financial trouble for FTX and Alameda Research spread, the CEO of Binance and the co-founder of FTX openly disputed. Read CNL for more.
FTX
Binance Sells $500M FTT, Says FTX Is Backstabbing Crypto
Binance has liquidated $500 million worth of FTX tokens (FTT), claiming that FTX is secretly lobbying against others.
FTX Loose Over 81 ETH And Over 100M XEN Tokens
Hackers stole GAS by exploiting the loopholes of the FTX exchange. The recently popular token, XEN was minted 17,000 times at a cost of 0 coins: Reports.
Visa and FTX To Offer Debit Cards In Over 40 Countries
To provide debit cards in 40 countries, Visa is collaborating with the international exchange FTX, with an emphasis on Latin America, Asia, and Europe.
FTX (FTT) Price Prediction 2022: Is $60 EOY Price Possible?
FTX (FTT) Price Prediction 2022 article. Check the forecasted price of FTX tokens in 2023, 2024, 2025, and 2026 in this CNL article.
FTX Wins Against Binance To Take Over Bankrupt Voyager for $50M
FTX has won the bid to acquire Voyager Digital for $50 million. Binance and CrossTower also expressed their intention to purchase Voyager. Voyager is a crypto brokerage firm that became bankrupt as the crypto market suffered huge losses. Sam Bankman-Fried’s FTX has won the bid to take over Voyager Digital, a crypto brokerage firm that has gone bankrupt after suffering losses due to the crypto winter. According to an article by Bloomberg, FTX acquired the brokerage firm for $50 million. The takeover bid could have gotten much higher; however, the article said that this did not happen because Voyager was
+5000 EazyPay Merchants Now Accept Bitcoin
Bitcoin services are approved by over 5000 Eazypay merchants in Bahrain. This is an excellent development for Bitcoin. The Middle East has focused a lot of emphasis on cryptocurrencies. The king of crypto assets, Bitcoin, is still respected by businesses, investors, and states worldwide. Recently, Bitcoin services have been approved by over five thousand Eazypay merchants in Bahrain. According to reports, customers may now use their Binance App to scan the generated QR from Eazy’s POS and pay with their choice cryptocurrency at Merchant Stores in “Real-Time.” This is an excellent development for the cryptocurrency pair in the journey to
FTX To Raise $1B To Maintain Its $32B Valuation
FTX is negotiating with investors asking for new rounds of funding of up to $1 billion. With its prior financing earlier this year, the company’s valuation is in-line. The crypto exchange was reportedly been on an acquisition spree during the ‘crypto meltdown’. The Bahamian cryptocurrency exchange FTX, led by its CEO Sam Bankman-Fried, was in discussion with investors to reach new funding of up to $1 billion. According to an unnamed informant, the crypto exchange aims to keep its valuation at around $32 billion. However, the people present at the discussion said the talks are still preliminary, and conditions are
Bitcoin Analyst Says “Free Way to $23,000” Amid BTC Crash
Bitcoin price crashed once more below $20,000. Regardless, Crypto Capo argues that BTC will have a “free way” to $23,000. Throughout August, BTC has been forming a Rising Wedge pattern. Bitcoin has crashed once more below $20,000 amid FUD concerning regulations and political tensions. At the time of writing, Bitcoin price is at $19,805.36, according to CoinGecko. Despite this, Crypto Capo, a renowned crypto trader, believes that BTC will reclaim its $20,100 position soon. What is more, he claims that BTC will have a “free way” until $23,000. His post received mixed reactions from the crypto space. Notably, many disapproved
Magnus Carlsen wins 2022 FTX Crypto Cup
Magnus Carlsen triumphed in the FTX Crypto Cup. The tournament was sponsored by FTX, a startup exchange. FTX offers a variety of tokenized fiat currencies. Although GM Magnus Carlsen lost his final match in a tiebreak to GM Praggnanandhaa R., he still won the FTX Crypto Cup on Sunday. As a result of this finish, GM Praggnanandhaa secured second place while GM Alireza Firouzja took third. This tournament was sponsored by FTX, an up-and-coming cryptocurrency derivatives exchange. FTX offers a variety of tokenized fiat currencies, including USDT (a stablecoin pegged to the US dollar), BTC (Bitcoin), and ETH (Ethereum). In
AlamedaFTX Proposal Drop by Voyager, Saw it ‘Harm Customers’
Voyager Digital Holdings rejected Alameda FTX take over proposal. The firm filed a rejection letter stating that Alameda FTX’s proposal was misleading and could harm its customers. Bankman-Fried said customers lost enough already and they should be able to claim their assets. Crypto lending firm Voyager Digital Holdings declined the joint proposal of its competitor Alameda Ventures and FTX (AlamedaFTX) to take over its digital assets for the reason that the proposal was “highly misleading” and could possibly “harm customers.” FTX, FTX US, and Alameda, companies affiliated to Sam Bankman-Fried, publicized its offer on July 22 to provide early liquidity
FTX and Alameda Offer an Early Liquidity to Voyager Users
Sam Bankman-Fried affiliates to provide early liquidity to Voyager clients. The joint proposal was for all the Voyager clients, except loans from 3ac. FTX attempts to secure the transaction by 17 August 2022. Crypto firms co-founded by Sam Bankman-Fried proposed to purchase the digital assets of Voyager Digital, who filed for bankruptcy a week after the major crypto hedge fund Three Arrows Capital (3AC) had been reportedly liquidated amid the so-called ‘crypto winter’. Bankman-Fried said: Voyager’s customers did not choose to be bankruptcy investors holding unsecured claims. Earlier this month, the beleaguered crypto brokerage firm Voyager Digital filed Chapter 11
