Binance’s decision to liquidate 23 million FTT tokens triggered FTX’s liquidity crisis.
In effect since Oct. 27, BaFin’s order referred to Coinbase’s Germany arm outsourcing some operations “essential for conducting banking business or providing financial services.”
SOL and FTX Token saw a sharp rebound after headlines that Binance would acquire FTX due to liquidity issues, but will the upside last?
FTX CEO Sam Bankman-Fried called the news a “user-centric development that benefits the entire industry.”
Binance may even end up buying FTX outright as withdrawals resume on promises from the world’s largest crypto exchange.
NFT membership models are being leveraged to solve challenges faced by the fitness industry.
LINK could drop to nearly $4 by December 2022 given its failure to close above a key resistance level despite strong whale accumulation.
With the Internet, elliptic curve cryptography, even Merkle trees and PoW protocols all present, Bitcoin was “technically possible” in 1994.
The outcome of elections with pro- and anti-crypto political candidates could determine the future of digital asset legislation and regulation in the United States.