Tag Archives: ftx

It could be argued that Sam Bankman-Fried was, at one point, a prince in the crypto arena awaiting his time to ascend to the digital throne. Many believed he had what it took to rule the space and dominate the digital currency world for years to come but given the circumstances surrounding his exchange at the time of writing, that image is fading relatively quickly. Sam Bankman-Fried Is No Longer Crypto Royalty Sam Bankman-Fried is a 30-year-old former crypto billionaire who recently saw...

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Earlier in the week, Live Bitcoin News published an article saying that Binance, the world’s largest and most popular cryptocurrency exchange, had purchased its rival FTX, which is a trading platform run by Sam Bankman-Fried. FTX is a relatively new digital exchange, having been formed in 2019, and it was allegedly experiencing a liquidity crunch that required the company to be bailed out. What Do Analysts Think of What’s Happening with FTX? That’s where Binance came in....

In mid-November of this year, the crypto arena was given another massive blow to its ego, and the prices of many mainstream assets fell further. Crypto Prices Just Keep Drooping Overall, it’s believed the crypto space experienced a drop of 11 percent or more. Bitcoin, which had already been dealing with several bearish trends and was at its lowest point in quite some time, experienced a new two-year low and fell into the high $16K range, while Ethereum – which had...

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Die Insolvenz von FTX als einer der grössten Kryptobörsen innerhalb von nur wenigen Tagen hat die Kryptowelt geschockt. Hartmut Giesen, Kryptoexperte bei der Hamburger Sutor Bank, sieht darin ein einschneidendes Ereignis: „FTX-Kunden müssen nicht nur um ihre Vermögenswerte bangen, Kryptoanleger nicht nur herbe Kursverluste bei sämtlichen Kryptowährungen hinnehmen. Gravierender ist, dass das Vertrauen in Kryptohandelsstrukturen massiv erschüttert ist. Für Verbraucher kann das nur heissen: Je...

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In a surprise twist, Binance – the world’s largest and most popular digital currency trading firm – has agreed to purchase competitor FTX, which at this time is experiencing what it’s referring to as a “liquidity crunch” and is in need of some financial help. Binance Said It Would Buy FTX The irony is that FTX spent millions of dollars recently bailing other companies out of their messes. Who would have thought the enterprise that at one time appeared so popular and stable would now need...