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Is it a good time to buy Bit coin now? It has dropped to US$34,156 today.
- Thread starter bigcockman
- Start date
time to buy ...
WASHINGTON/LONDON, Nov 8 (Reuters) - Crypto giant Binance signed a nonbinding agreement on Tuesday to buy FTX's non-U.S. unit to help cover a "liquidity crunch" at the rival exchange, in a stunning bailout that raised fresh concerns among investors about cryptocurrencies.
The deal between high-profile rivals Sam Bankman-Fried, FTX's CEO, and Binance CEO Changpeng Zhao came as speculation about FTX's financial health snowballed into $6 billion of withdrawals in the 72 hours before Tuesday morning.
The deal between high-profile rivals Sam Bankman-Fried, FTX's CEO, and Binance CEO Changpeng Zhao came as speculation about FTX's financial health snowballed into $6 billion of withdrawals in the 72 hours before Tuesday morning.
Temasek & Softbank are fucked big time. Last night Softbank's Grab & WeWork plunged 10% at Wall Street.
