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Search resuls for: "Hannah Lang Tom Wilson"


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☆ Binance plans to buy rival FTX in bailout as crypto market crumbles
  + stars: | 2022-11-09 | by ( Hannah Lang Tom Wilson | Hannah Lang | Tom Wilson | ) www.reuters.com   time to read: +6 min
FTX token - which gives holders discounts on FTX trading fees - was last trading at $5.33, having slumped by more than three-quarters. Tuesday's developments left FTX investors scrambling to figure out what the deal with Binance means for their investment in FTX, according to people familiar with the matter. In late 2019, Binance invested in FTX, then a far smaller exchange, before exiting the investment in July last year. By then FTX had mushroomed into a growing rival to Binance, which dominates the crypto industry with over 120 million users. "A *huge* thank you to CZ, Binance," Bankman-Fried wrote.
☆ Binance plans to buy major rival FTX in latest crypto bailout
  + stars: | 2022-11-08 | by ( Hannah Lang Tom Wilson | Hannah Lang | Tom Wilson | ) www.reuters.com   time to read: +6 min
loadingHe said Binance, the world's biggest crypto exchange, will conduct due diligence in the coming days as the next step toward an acquisition of FTX.com. By then FTX had mushroomed into a growing rival to Binance, which dominates the crypto industry with over 120 million users. FTX token - which gives holders discounts on FTX trading fees - was last trading at $5.33, having slumped by more than three-quarters. On Sunday, Zhao said his firm would liquidate its holdings of the FTX token due to unspecified "recent revelations." "A *huge* thank you to CZ, Binance," Bankman-Fried wrote.
☆ Binance plans to buy FTX's non-U.S. operations in latest crypto bailout
  + stars: | 2022-11-08 | by ( Hannah Lang Tom Wilson | Hannah Lang | Tom Wilson | ) www.reuters.com   time to read: +3 min
He said Binance, the world's biggest crypto exchange, will be conducting due diligence in the coming days as the next step toward an acquisition of FTX.com. The U.S. operations of Binance and FTX are not part of the deal, Bankman-Fried said in a separate tweet. FTX token - which gives holders discounts on FTX trading fees - was last trading at 18.38. On Sunday, Zhao said his firm would liquidate its holdings of the FTX token due to unspecified "recent revelations." "A *huge* thank you to CZ, Binance," Bankman-Fried wrote, referring to the rival CEO who goes by his initials.
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