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The Latest Breaking News from Binance

Binance deal for FTX collapses

Binance pulled out of the deal after its corporate due diligence and reports of mishandled funds.

Al Jazeera

Michael Hiltzik: A cryptocurrency billionaire implodes, showing that the whole field is built on quicksand

For a while there, Sam Bankman-Fried looked like the real thing.

Los Angeles Times

Big Short Michael Burry Says Don't Touch Crypto Unless...

The advice of the legendary financier comes in the midst of a crisis of confidence in the cryptocurrency industry.

The Street

From analysis to the latest developments in health,
read the most diverse news in one place.

Dow Jones Futures: CPI Inflation Report Due After S&P 500 Breaks Key Level

Futures rose ahead of the key CPI inflation report The S&P 500 fell below its 50-day line Wednesday on election results, Tesla, Bitcoin and more.

Investors Business Daily

After Binance balks, what's next for SBF and FTX?

The news comes a day after Binance said it signed a letter of intent to buy its rival.

Fortune

Over a million customer crypto accounts at risk as Binance abandons FTX acquisition

The US Securities and Exchange Commission is reported to be expanding its investigation into the beleaguered crypto exchange

Evening Standard

Crypto Crisis: Binance Abandons Cash-Strapped FTX

The world' largest cryptocurrency platform says its rival's problem is bigger than it thought.

The Street

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Trading Bitcoin, Ethereum as Cryptos Swoon Over Binance-FTX Drama

Bitcoin, ethereum and other cryptocurrencies are down hard amid the Binance-FTX drama. Here are the levels to know now.

The Street

Binance Drops FTX Acquisition, Cryptos Trade Deep In The Red: 'The Issues Are Beyond Our Control'

Binance walked away from a deal to acquire FTX.com Wednesday after examining the company’s financials.

Benzinga

Binance CEO Says No 'Master Plan' To Take Over FTX, Warns Employees 'DO NOT Trade FTT Tokens'

Binance CEO Changpeng Zhao on Wednesday asserted he did not “master plan” the deal with FTX and the failure of Sam Bankman-Fried's cryptocurrency exchange was in no way a win for the world’s

Benzinga

FTX Crisis: Tron Offers Relief, Bankman-Fried Apologizes, Provides FTX Update

Tron is offering relief for distressed crypto exchange FTX as CEO Sam Bankman-Fried apologized for the liquidity crisis, potential bankruptcy

Investors Business Daily

Crypto's White Knight Needs A White Knight: Could The FTX/CZ Drama Be Sam Bankman-Fried's Fall From Grace?

FTX co-founder Sam Bankman-Fried was riding high for several years with his company rapidly growing market share in the cryptocurrency space. The increase in valuation for FTX helped Bankman-Fried’s wealth increase and also led to partnerships and deals with sports teams and athletes around the world.

Benzinga

Chinese crypto billionaire poised to acquire distressed rival says it’s not a ‘win’

Binance made a nonbinding offer to buy FTX on Tuesday. The deal was already looking shaky on Wednesday.

Fortune

How will the Binance-FTX drama affect Solana? Here's what we know so far

Solana's SOL and other cryptocurrencies dubbed "Sam's Coins" are tanking amid the uncertainty surrounding the potential deal between Binance and FTX.

Fortune

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Benzinga

Amid FTX Collapse And Regulatory Inquiries, Crypto Exchanges Hustle To Prove Reserves

At least nine cryptocurrency exchanges have come forward to provide proof of fund reserves as the market comes to terms with insolvency fears on the heels of FTX’s native token (CRYPTO: FTT)

Axios

A tentative crypto deal looks increasingly shaky

Folks are starting to wonder if, after the dust settles, there will be an FTX.com left for Binance to buy.

Benzinga

Crypto Crash, Recession Fears Push Investors To Gold: A Look At The Commodity And This 2X Leveraged Fund

Direxion Daily Gold Miners Index Bull 2X Shares (NYSE: NUGT) was trading flat on Wednesday in consolidation after surging more than 12% on Tuesday.

The Independent UK

Cryptocurrencies slump again amid fallout from FTX sale

Bitcoin slumped to a two-year low and other digital assets sold off Wednesday following the sudden collapse of crypto exchange FTX Trading

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Fortune

The winners and losers from the FTX assassination

Tuesday may have been crypto's darkest day ever. Now what?

Fortune

Sam Bankman-Fried quietly deletes his claim that FTX customer funds are safe

The future of client assets locked on crypto exchange FTX remains uncertain, with a Binance deal that can bail out the company depending on a closer look at the books.

The Street

Crypto Crisis: Bitcoin Collapses By 17% and Sees No Hope

Cryptocurrency market drops 11% in 24 hours as questions about crypto firms' solvency mount.

Benzinga

Top Economist El-Erian Says 'Only Part Of Drama Has Come To Light So Far' In 'Incredible' FTX Saga

Allianz chief economic adviser and noted economist Mohamed El-Erian believes the whole FTX saga is incredible and that only part of it has come to light so far.

Fortune

Why the Binance/FTX acquisition could be a big blow to crypto VC

Binance agreed to acquire rival FTX, and it could be bad news for the whole crypto venture space.

Benzinga

Crypto Stocks In For Another Tough Day Amid FTX Crisis — Coinbase Plunges 5% Premarket

The collapse of Sam Bankman-Fried’s FTX cryptocurrency exchange and its subsequent bailout by Binance brought to the fore the vulnerability of digital currencies and related instit

AFP

FTX collapse gives crypto sector 'another black eye'

New York (AFP) - Even for a sector regularly rocked by bankruptcies, the collapse of FTX –- a cryptocurrency platform worth $32 billion at the beginning of the year -- came as a shock.

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