Cryptocurrencies plunge as Binance scraps deal for rival FTX

Bitcoin sank to a two-year low after Binance confirmed earlier rumors and news reports that it was ready to back out of the FTX deal, struck between the CEOs of the two exchanges on Tuesday. The deal was pending Binance's due diligence on FTX's balance sheet.

from Economic Times https://ift.tt/iMJN5LC