bitcoins

FTX bankruptcy is ‘somebody running a company that’s just dumb-as-f___ing greedy,’ says Mark Cuban

Billionaire Dallas Maverick owner Mark Cuban recently offered his take on the implosion of crypto platform FTX over the weekend. ““He’s someone who runs a business who’s just stupid as fuckin’ greedy.”” — Marc Cuban Cuban, speaking Friday at a conference in Washington, DC organized by Sports Business Journalshared the view that greed was behind …

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Crypto: What’s next as FTX collapse triggers ‘Lehman moment’?

London CNN Business — The breathtaking fall of the FTX exchange, one of the largest and most reputable players in the digital asset market, is raising the alarm among people who own cryptocurrencies as investors run for cover. There are still many unanswered questions. But two big issues loom: how far will the damage extend? …

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Crypto giant Binance drops bid to save rival, stoking chaos in digital assets

New York CNN Business — In a sharp reversal, cryptocurrency exchange Binance pulled out of a deal to acquire embattled rival FTX, saying the company’s issues were “outside our control or our ability to help”. Binance, the world’s largest crypto exchange, said it reviewed FTX’s finances as part of the due diligence process, and it …

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