Binance Unlikely To Go Through With FTX Purchase After Reviewing Company Books
The Binance-FTX drama continues as the deal between the parties hangs by a thread. Yesterday, FTX announced a deal with its competitor to surrender its assets amid a “liquidity crunch.” The crypto exchange has billions of dollars in losses on its balance sheet. Related Reading: Coinbase Drops 10% On Binance-FTX Contagion, Says No Exposure To […]
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Crypto exchange Binance is officially out of the FTX agreement. According to an official statement, the company won’t purchase its competitor. Related Reading: OKB Token Still Holds Above 14% Following Market Plummet Via its official Twitter handle, Binance claims that regulatory pressure and other factors impacted their decision. The report claimed that the company reviewed FTX’s books and decided to walk out of their non-binding agreement. The company said: As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency....
Reviewing the major monetary policy changes from the world’s central banks this year, it’s clear that there is the need for an alternative. The post Reviewing 2020’s Central Bank Policies appeared first on Bitcoin Magazine.
The world’s largest cryptocurrency exchange Binance will not go through with purchasing the rival crypto exchange FTX. The company noted that after due diligence and “news reports regarding mishandled customer funds,” Binance has decided not to pursue the FTX acquisition. Binance Drops the FTX Acquisition After the crypto exchange Binance revealed it would purchase FTX, the exchange has detailed it has backed out of the proposed deal. “As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US....
The stock exchange of Gibraltar, a British territory, has received a purchase offer by a blockchain firm called Valereum. The purchase, that is set to occur in the new year, if effective, might make the Gibraltar Stock Exchange the first bourse where cryptocurrencies and stocks could be traded with cryptocurrencies. Regulators are currently reviewing this offer.
Gibraltar Could Become a Crypto Haven
Gibraltar might make history as the territory in which the first mixed bourse, with crypto assets and stocks available for investors, operates. The main bourse of the British....
With all of this focus on blockchain technology these days, there are a lot of questions waiting to be answered. One recent Kickstarter campaign for The Business Blockchain Books successfully reached its goal, and two new blockchain books will be coming very soon. The person behind this Business Blockchain Books campaign on Kickstarter is William Mougayar, who has been writing on blockchain for quite some time now. In fact, his work has been referenced to in over 100 publications or write-ups over the past two and a half years. This was cause enough for Mougayar to launch a crowdfunding....