Crypto exchange Binance walks away from FTX deal

Nov 9, 2022
Binance cited a due-diligence check, saying the issues at FTX were "beyond our control or ability to help."
When FTX hit a liquidity crunch, users pulled out money and crypto at once. And rival exchange Binance announced Wednesday that it wouldn't be bailing out FTX.
Olivier Douliery/AFP via Getty Images

Are we headed for another crypto winter?

Jun 14, 2022
The term describes the downturn in the value of bitcoin as well as the fortunes of companies that support the cryptocurrency ecosystem.
Above, a bitcoin ATM at a Miami shop. Investors have been fleeing the cryptocurrency world and values are sliding.
Joe Raedle/Getty Images