Crypto Stocks Mixed in Morning Trading; Coinbase Fell Over 4% While BIT Mining Rose Over 4%

Tiger Newspress2022-11-09

Crypto stocks mixed in morning trading; Coinbase Global, Inc. fell over 4% while BIT Mining Limited rose over 4%.

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Comments

PearlynCSY
2022-11-10
PearlynCSY
Binance is backing out of its plans to acquire FTX, the company said Wednesday. “The issues are beyond our control or ability to help,” Binance said in a tweet. FTX, which was valued at $32 billion earlier this year, is now in jeopardy of collapsing. Binance is backing out of its plans to acquire FTX, the company said Wednesday, leaving Sam Bankman-Fried’s crypto empire on the verge of collapse. The reversal comes one day after Binance CEO Changpeng Zhao announced that the world’s largest cryptocurrency firm had reached a non-binding deal to buy FTX’s non-U.S. businesses for an undisclosed amount, rescuing the company from a liquidity crisis. Earlier this year, FTX was valued at $32 billion by private investors. “In the beginning, our hope was to be able to support FTX’s customers to provi
- PearlynCSY:
  Crypto sell-off resumes as weeklong FTX saga ends in bankruptcy filing
- wongps:
  好
- PearlynCSY:
  Crypto billionaire Sam Bankman-Fried blames himself for FTX’s collapse, admits he ‘f---ed up’
- Alubin:
  oh wow
- Greg2021:
  sob sob
AhFu
2022-11-10
AhFu
Ok

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