Markets absorb disappointing earnings as crypto uncertainty knocks sentiment November 10, 2022 Having come off the back of three days of losses the US dollar rebounded strongly yesterday as markets absorbed further disappointing earnings numbers, and cryptocurrency exchange Binance backed out of the FTX takeover, due to an $8bn shortfall, prompting a rout in cryptocurrencies in the process. This jittery market backdrop prompted a sharp selloff in [...]
Binance pull out of deal to buy FTX November 9, 2022 Binance chief Changpeng 'CZ' Zhao has suddenly withdrawn his offer to buy Sam Bankman-Fried's beleaguered FTX exchange.
Massive gains for DFI Money while crypto markets crumble November 9, 2022 DFI Money (YFII) gained more than 30 per cent in the 24-hour aftermath of Tuesday’s token tumble, triggered by Binance buying up FTX.
Binance/FTX saga: How to choose a crypto exchange November 9, 2022 Nigel Green helps to navigate the safest route for choosing the right cryptocurrency exchange.
Crypto market rocked by FTX near-collapse November 9, 2022 The cryptocurrency market has plunged in value today as it reels from the near-collapse of one of the biggest exchanges, FTX, last night.
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Crumbling cryptocurrency market reflects intra-market volatility November 9, 2022 In a tumultuous market across the board, Bitcoin is down 11% over the last 24 hours, with Ethereum shedding 17.2% off yesterday’s price.
Midweek markets: US dollar disappoints on the back of a slide in yields November 9, 2022 With most of the market attention on the US mid-terms action can only be characterised as bitty. There was no real catalyst for any of the moves we saw yesterday, with some of the moves technical in nature. It was another positive day for markets in Europe yesterday, with the DAX closing above its 200-day [...]
FTX plunges following Binance bailout November 8, 2022 FTX coin plunged as much as 75 per cent this evening after crypto exchange Binance struck a dramatic deal to snap up its beleaguered rival. FTX, led by billionaire chief Sam Bankman-Fried, had been locked in a high-profile spat with Binance boss Changpeng Zhao in recent days, which had sparked an investor exodus from FTX. [...]
Binance look to buy out Sam Bankman-Fried’s FTX November 8, 2022 Binance chief Changpeng Zhao has sensationally announced he has agreed to buy Sam Bankman-Fried's beleaguered FTX exchange.