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Search resuls for: "Tom Westbrook Tom Wilson"


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☆ Crypto exchange FTX's token leads major coins in slide as investor jitters rattle market
  + stars: | 2022-11-08 | by ( Tom Westbrook Tom Wilson Hannah Lang | Tom Westbrook | Tom Wilson | ) www.reuters.com   time to read: +2 min
LONDON/SINGAPORE, Nov 8 (Reuters) - The in-house token of major crypto exchange FTX slumped on Tuesday, losing one-third of its value and dragging down other major digital assets, as investors appeared to take fright at talk of pressure on FTX's financials. The FTX token - which gives holders discounts on FTX trading fees - was last down more than 33% at $14.68, its lowest since early 2021. The token, known as FTT, is the 30th largest digital coin, with a value of $2 billion, according to CoinMarketCap. Bitcoin , the biggest digital token, was down 6.42% at $19,342.00, its lowest in two weeks, and was on course for its worst day since mid-September. Reuters was unable to independently verify the accuracy of the report, or the origin of the leaked balance sheet.
☆ Major crypto coins slide as jitters on FTX exchange rattle markets
  + stars: | 2022-11-08 | by ( Tom Westbrook Tom Wilson | Tom Westbrook | Tom Wilson | ) www.reuters.com   time to read: +2 min
LONDON/SINGAPORE, Nov 8 (Reuters) - Cryptocurrencies fell heavily on Tuesday and the in-house token of major crypto exchange FTX slumped by almost a quarter as investors appeared to take fright at talk of pressure on FTX's financials. Bitcoin , the biggest digital token, fell as much as 6% to $19,351, its lowest in two weeks, and was on course for its worst day in since mid-September. Ether , the next largest, fell over 6%. FTX has come under pressure after Changpeng Zhao, head of rival exchange Binance - the world's largest - said on Sunday his firm would liquidate its holdings of the FTX token due to unspecified "recent revelations." The FTX token - which gives holders discounts on FTX trading fees - was last down almost 23% at $17.11, its lowest since early 2021.
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