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Insolvency risk — FTX on brink of collapse after Binance abandons rescue Crypto exchange dashes to fill $8 billion hole as investors write down equity. Financial Times – Nov 10, 2022 2:27 pm UTC EnlargeLeon Neal/Getty Images reader comments with 0 posters participating Share this story Share on Facebook Share on Twitter Share on Reddit
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Binance will abandon its deal to rescue Sam Bankman-Fried’s FTX cryptocurrency exchange, citing concerns about its business practices and investigations by US financial regulators. The move comes a day after Binance, one of the world’s largest crypto trading venues, tentatively agreed to buy FTX after it suffered a liquidity crunch. “As a result of corporate
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In 2017, Block.one, led by Dan Larimer and Brendan Blumer, launched the Entrepreneur Operating System (EOS) protocol, one of the earliest "Ethereum Killers," aiming to support decentralized finance apps at enterprise scale for a global audience. It offered the speed, scalabilityand comparative cheapness that would put it well ahead of Ethereum ETH/USD for most developers.
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Fintech is the coming together of finance and technology. It is the application of technological advancements to expedite the use and transfer of financial services like traditional tender and cryptocurrencies such as Bitcoin and Ethereum. Fintech services and applications are everywhere these days. Whether youre conducting business, or just using them for pleasure, fintech applications
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Archaeologists in Egypt have discovered a vast tunnel beneath a temple at the ancient city of Taposiris Magna, west of Alexandria.  The 4,281-foot-long (1,305 meters) tunnel, which brought water to thousands of people in its heyday, was discovered by an Egyptian-Dominican Republic archaeological team, the Egyptian Ministry of Tourism and Antiquities said in a statement
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U.S. whistleblower Edward Snowden, who leaked details of mass surveillance by the National Security Agency while employed as a contractor, jokingly said he would pass on an offer extended by the agency's director of cybersecurity to former employees. What Happened: Snowden quote-tweeted a post by Rob Joyce on Sunday, in which the NSA official asked
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