According to a report from Orthogonal Credit, a delegate of Maple Finance’s lending pools, the firm decided “earlier this year” not to lend to Alameda Research, FTX’s quantitative trading firm. Orthogonal said through “due diligence” it “identified a number of key weaknesses” associated with Alameda. Orthogonal Credit Found ‘Key Weaknesses’Continue Reading
Binance CEO Changpeng Zhao (CZ) has shared where his company is at on the deal with FTX. “We did not master plan this or anything related to it,” he told the Binance team, reminding them not to trade the FTX token (FTT) as the due diligence for the acquisition isContinue Reading
The EverEarn token ($EARN) launched on the BNB Chain in January 2022 with a simple goal; to show that a new startup cryptocurrency can be run like a business from the beginning, without any false hype or empty promises, while providing increased passive stablecoin ($BUSD) payouts, and continue to grow,Continue Reading
Meta, the social network company, has announced that it will cut 11,000 jobs, letting go of 13% of the employees in its workforce amidst a “cultural shift” in the company. Mark Zuckerberg, CEO of the company, explained this decision was made due to a need to become more “capital efficient,”Continue Reading
FTX Token plunged by over 70% in today’s session, as sentiment surrounding Binance’s potential buyout of FTX continued to raise market eyebrows. Following speculation that FTX could be insolvent, Binance’s Changpeng “CZ” Zhao moved to acquire the firm, pending due diligence. Solana is also significantly lower, due to FTX’s sisterContinue Reading
On Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto economy dropped 11.17% in 24 hours. The crypto economy has slid under $900 billion for the first time since January 2021. The Binance and FTX news has come as aContinue Reading
US regulators are investigating whether Sam Bankman-Fried’s FTX properly handled client funds following the exchange’s liquidity crunch, Binance acquisition. SEC, CFTC reportedly probing FTX over handling of customers’ funds. Investigations also relate to lending. SEC probe reportedly predates Binance’s acquisition of FTX. U.S. financial regulators have apparently been actively followingContinue Reading
Perth Heat players can now get bitcoin ‘boosts’ through a new Lightning-powered fan engagement feature launched in partnership with IBEX. Perth Heat now lets fans send micropayments to players with bitcoin through Lightning. The team last year became the first sports club to operate on a Bitcoin Standard. The newContinue Reading
The world’s largest exchange said on Wednesday that it will not pursue the potential acquisition of Sam Bankman-Fried’s FTX. Binance walks away from FTX deal following due diligence. Firm also mentioned U.S. investigations of FTX. Retail investors are left hanging without access to funds. Binance will not move forward withContinue Reading
Politics in today’s world no longer has anything political about it, and how Bitcoin revives The Political. This article is the featured in Bitcoin Magazine’s “The Orange Party Issue”. Click here to subscribe now. “Today nothing is more modern than the onslaught against The Political. American financiers, industrial technicians, MarxistContinue Reading