digital currencies

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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