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

Tiger Newspress2022-11-09
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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
    • 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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