The once multi-billion dollar cryptocurrency enterprise, which was headquartered in the Bahamas, started unraveling after a CoinDesk article questioning the financials of FTX’s sister company Alameda Research led to a liquidity crunch in early November. On Tuesday, rival exchange Binance was looking to buy the embattled FTX before the deal was scrapped – the exchange is now seeking protection from bankruptcy in the U.S.
Decision Zone: Bitcoin Compresses Under $72K With $80K or $60K in Sight
Bitcoin value stands at $69,397, commanding a market capitalization of $1.40 trillion, with $42.58 billion in 24-hour buying and selling...
