Best 7 projects on the BNB smart chain
BNB Chain, formerly known as Binance Smart Chain, has secured its place as the third most popular DeFi ecosystem, with about $12 billion in assets held in its most successful DeFi protocols, during the past year. BNB Chain is a combination of Binance Chain and Binance Smart Chain; it now stands for “Build and Build” […]
Cathie Wood’s ARK Adds $12.1M In Coinbase Shares
Soon after FTX’s liquidity problems were made public and Coinbase said it had “little exposure” to the problematic trading platform. The Cathie Wood-led Ark Investments has increased its Coinbase stock holdings amid the turmoil on the FTX and cryptocurrency markets by purchasing 237,675 Coinbase shares on November 9 for about $12.1 million. Ark Investment Management […]
Binance in Talks with DOJ and Regulators over FTX
The government wants to know what Binance found out about how FTX works. A person with knowledge of the situation says that U.S. authorities, including the Department of Justice, have reached out to the cryptocurrency exchange Binance to find out more about its recent talks with FTX about a possible rescue. The person said that […]
Binance withdraws from agreement to purchase FTX
The cryptocurrency exchange has canceled the acquisition after Binance revealed its intention to buy rival FTX on Tuesday. The company backed out of the agreement one day after cryptocurrency exchange Binance revealed its intention to buy rival FTX for an unknown sum. According to the exchange, the purchase will not be pursued after due diligence. […]
Temasek Works With FTX In Liquidity Crisis
Singapore’s Temasek made investments in several of FTX‘s round discoveries, which helped to raise its January $32 billion valuation. Temasek, a shareholder in FTX and a state-owned investment company in Singapore, is apparently working with the cryptocurrency exchange to address the liquidity crisis that resulted in the unanticipated (and ongoing) bail out on November 8. […]