The agreement between Binance and FTX has been canceled after Binance announced its intention to purchase FTX on Tuesday.
The business abandoned the acquisition of rival FTX one day after cryptocurrency exchange Binance declared its intention to do so for an unknown sum.
Following reports that Binance will buy Sam Bankman-crypto Fried’s exchange, FTX’s token fell about 80%.
According to CoinGecko statistics, FTT has lost 78% of its value in the last 24 hours, falling from about $22 to $4.87.
Elon Musk has begun offering a $7.99-per-month Twitter Blue membership service. However, US President Joe Biden is worried that the billionaire has purchased a social media site “that spews misinformation all over the globe.” Biden emphasized that there are “no editors anymore in America,” and asked, “How can we expect them to comprehend what is at stake?”
Goldman Sachs has introduced a new data tool in conjunction with MSCI and Coin Metrics to assist investors in analyzing crypto markets. The new approach is “intended to offer a uniform, standardized manner to assist market players examine and evaluate the digital assets ecosystem,” according to Goldman.
Nicole Muniz, CEO of Yuga Labs, spoke on the main stage of WebSummit in Lisbon on Thursday, discussing the necessity of digital asset protection and safety, the potential of IP rights, and the beginnings of the Bored Ape Yacht Club (BAYC).
Instagram will soon include tools for creating and trading NFTs, although in-app purchases will be “subject to appropriate app store fees.”
Curry, the NBA’s Golden State Warriors’ point guard, has authorized his legal counsel to submit a trademark application that includes a variety of digital goods and services to be supplied through the metaverse, according to Attorney Josh Gerben of Gerben Intellectual Property.
Binance CEO Changpeng ‘CZ’ Zhao stated in an interview that he wants to ensure that crypto and Web3 are a part of Twitter’s future after supporting Elon Musk’s takeover of the social media platform.
Twitter will allow users to display NFT marketplace listings from specific platforms, as well as a button to buy and sell collectibles.
The total third-quarter losses for Meta were $600 million higher than anticipated.
In comparison to a $2.63 billion loss at the same time last year, Meta revealed that its Reality Labs metaverse division lost more than $3.6 billion in the third quarter of 2022.
