Tag: Crypto
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The Many Losers Of The FTX Collapse And Its Devastating Consequences!
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In the FTX crash, the crypto market has been in a state of shock. Celebrities such as the U.S. football star Tom Brady are among those affected. Slowly, the full extent of the FTX crash is becoming visible. Sam Bankman-Fried’s crypto exchange had signed big-name investors and promotional deals, including…
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Binance cancels FTX takeover
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The takeover of struggling crypto exchange FTX.com by rival Binance (PR42 profile) has fallen through. “We have decided not to pursue the potential acquisition,” Binance announced on Twitter. The reason, it said, was media reports of misconduct in the handling of customer funds and alleged investigations by U.S. authorities. Actually,…
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Binance Has Agreed “Non-Binding” Acquisition With FTX
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The crypto industry is witnessing a mega takeover on the horizon! The world’s largest exchange for digital currencies such as Bitcoin, Binance, wants to take over most of the business of rival FTX. After Zhao (Founder and CEO of Binance) himself seeded doubts about FTX’s cash reserves with a tweet…
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Gate.io Is Introducing Their Crypto Payment Product Gate Pay
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The crypto-exchange platform Gate.io (PR42 profile) has officially launched Gate Pay, a leading crypto-based payment product. The launch of Gate Pay is based on Gate.io executives’ belief that cryptocurrencies can become a widely used means of payment, not just a tradable asset. Gate Pay is a free-to-use crypto payment technology developed…
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Crypto Winter And The End Of A German Crypto Hope!
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Nuri is the first German fintech to feel the full force of the crypto crash. No buyers could be found for the insolvent bank, and the company is ceasing operations. That’s what its 200,000 customers now face.
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Tel Aviv Stock Exchange wants to create crypto platform
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On October 24, the Tel Aviv Stock Exchange (TASE) has announced that it is developing a blockchain-based platform to expand its trading services to cryptocurrencies and other digital assets as part of a new strategic plan scheduled for 2023 to 2027.
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Twitter is allegedly in the process of launching a crypto wallet
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According to prominent tech blogger Jane Manchun Wong, Twitter is working on a “wallet prototype” that will allow cryptocurrencies to be deposited and withdrawn. The social media company has made no official confirmations or mentions on or about the matter. But as Wong notes, the wallet is believed to support…