Binance-FTX acquisition ‘could’ fail: Charles Hoskinson

The fall of FTT and the ongoing Binance-FTX episode caught the crypto community by surprise. FTX was one of the most popular exchanges, and many did not expect the firm to have insolvency issues. Binance has made an offer to acquire FTX, and due diligence is awaited. Charles Hoskinson, founder, and chief of Cardano (ADA) went live on his YouTube channel to speak about the situation.
Hoskinson compared the FTX collapse to that of LUNA. He said that FTX, through a series of relationships, was more
By Shubhk

shubhk's Recent Blog Posts

Why Are Bitcoin Prices Up Today?
Bitcoin and Ethereum faced the brunt of the FTX-induced market crash that sent their prices tumbling south. Bitcoin fell to the $15,700 level reaching its November 2020 lows and Ethereum was on the…
2 years ago
Crypto Carnage: How Much Value Did the Markets Lose 24 Hours?
The crypto markets experienced a bloodbath on Wednesday as leading coins dramatically headed south shedding all their previously generated gains. Bitcoin reached $17,700 in the day’s trade touching…
2 years ago
Crypto Carnage: How Much Value Did the Markets Lose 24 Hours?
The crypto markets experienced a bloodbath on Wednesday as leading coins dramatically headed south shedding all their previously generated gains. Bitcoin reached $17,700 in the day’s trade touching…
2 years ago
Binance-FTX acquisition ‘could’ fail: Charles Hoskinson
The fall of FTT and the ongoing Binance-FTX episode caught the crypto community by surprise. FTX was one of the most popular exchanges, and many did not expect the firm to have insolvency issues.…
2 years ago
Will 3.36 million FTX Tokens be let out in the market in 24-hours?
FTX, its sister company Alameda, and Binance have been the talk of the crypto town over the last couple of days. Well-known decentralized autonomous organization BitDAO stepped into the picture and…
2 years ago