November 19, 2022
November 14, 2022
News

CZ Announces A New, Industry Recovery Fund, After FTX Crash

The chaotic turn of events surrounding FTX left a strong feeling of mistrust about the world’s leading cryptocurrency exchanges. Due to the market value crash, several important cryptocurrency projects are on the verge of facing serious liquidity issues. With that in mind, Changpeng Zhao, Binance’s CEO, announced his company will develop a new “Industry Recovery […]

November 8, 2022
News

Official Takeover: Binance Now Buying FTX

Binance, the world’s largest cryptocurrency exchange, reached an agreement to acquire its competitor FTX. This week, Bankman-Fried’s exchange experienced a major liquidity crisis after Binance decided to liquidate the exchange’s token, FTT. For this reason, Binance may be forced its hand on devaluing FTX’s price, ahead of the acquisition. The transaction is the largest consolidation […]