FTX Collapse: Binance Stores $2 Billion to Save Struggling Firms

The abrupt collapse of FTX continues to reverberate through the cryptocurrency industry.  While it is still very early to determine the full repercussions of Sam Bankman-Fried’s crypto empire filing for bankruptcy, it is expected that there are going to be many victims in the crypto sphere, according to industry sources. The reasoning is that FTX, … Read more

The West is struggling to set an oil price cap that hurts Russia

London CNN Business  —  Allies of Ukraine want to put a price limit on Russian oil. But there’s a problem: They can’t agree on a number that would actually pile pressure on the Kremlin. The West’s biggest economies agreed earlier this year to cap the price of Russia’s most valuable export and vowed to hash … Read more

Ben Simmons rounding into form, but Nets still struggling

Yaron Weitzman NBA Writer PHILADELPHIA — Just three years ago, the idea of Ben Simmons darting around the Wells Fargo Center court, making plays and wreaking havoc, wouldn’t have been noteworthy. But there he was Tuesday night, this time in a Brooklyn Nets uniform, standing out for doing exactly that and looking as close to … Read more

More than 1 in 4 workers making $200,000 or more now say they live paycheck to paycheck. So even rich people are struggling to save, and pros offer 3 solutions

As many as 93% of rural and 92% of urban consumers say they’re noticing higher prices due to rising inflation, according to a report. Getty Images/iStockphoto Making bank doesn’t mean you have loot saved in the bank. Roughly 45% of those making more than $100,000 say they live paycheck to paycheck; 47% of those making … Read more

Paris Hilton Reacts After Mom Says She’s ‘Struggling’ To Get Pregnant – Hollywood Life

View gallery Image Credit: Priscilla Grant/Everett Collection Paris Hilton, 41, clapped back at her mom Kathy Hilton‘s recent claim that she’s “struggling” to get pregnant. The socialite, who married Carter Reum last year, has opened up about trying to have a baby in the past, but she insists that it hasn’t been difficult, in a … Read more

Binance creates industry recovery fund to help projects struggling with liquidity

As the effects of the FTX crisis continue to affect the markets negatively, crypto exchange Binance is creating a fund to help potentially strong projects that are having liquidity issues.  In a tweet, Binance CEO Changpeng Zhao said that the fund aims to reduce the cascading negative effects of the collapse of FTX by helping … Read more

Binance, the world’s largest crypto exchange, is buying struggling rival FT

New York CNN Business — In an unexpected twist, the cryptocurrency exchange Binance said it is buying its rival FTX after the firm faced a liquidity crisis. “This afternoon, FTX asked for our help,” tweeted Zhao “CZ” Changpeng on Tuesday. “There is a significant liquidity crunch. To protect users, we signed a non-binding [letter of … Read more

NBA Stock Watch: Mitchell making MVP case; Warriors struggling early

Yaron Weitzman NBA Writer We’re almost one month into the NBA season. Some teams have already played 10 games. That doesn’t mean things are set in stone, but it does mean that there’s more meat for us to chew on.  So, who’s rising and who’s falling? Time for our weekly stock watch.  RISING: Donovan Mitchell’s … Read more