Liquidation

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Binance to liquidate all its positions in FTX tokens

Changpeng CZ Zhao, the CEO of Binance has said the crypto exchange is liquidating its entire FTX token holdings. While Zhao makes reference to revelations that have come to light, he is yet to explain what he means. This development comes weeks after the founder and CEO of FTX Sam

News

Traders lose over $403 million as Bitcoin sinks below $36,000

The Bitcoin accounts of over 100,000 traders have been liquidated after the largest cryptocurrency based on market capitalization tanked below $36,000 in the Asian early hours. This development comes just a day after the US Federal Reserve revealed in its new policy that interest rates will be increased