Original version

BBC World Service East Asia

World Business Report

Factual: Money

The latest business and finance news from around the world, on the BBC

The latest business and finance news from around the world, on the BBC.

BBC World Service Europe and the Middle East

BBC World Service schedule for American satellite radio and the Caribbean

BBC World Service Americas and the Caribbean

BBC World Service Australasia

BBC World Service

BBC World Service East and Southern Africa Schedule

BBC World Service East and Southern Africa

BBC World Service News Internet

BBC World Service South Asia

BBC World Service Online

BBC World Service West and Central Africa Schedule

BBC World Service West and Central Africa

World Business Report: First broadcast 10/11/2022 15:32 GMT : Binance pulls out of deal to rescue rival crypto firm FTX

Bulletins

Binance pulls out of deal to rescue rival crypto firm FTX

First broadcast 10/11/2022 15:32 GMT 

First broadcast 10/11/2022 15:32 GMT : Binance pulls out of deal to rescue rival crypto firm FTX

BBC World Service - World Business Report, Binance pulls out of deal to rescue rival crypto firm FTX

Binance, has pulled out of a deal to acquire its rival FTX.

Binance pulls out of a deal to acquire a struggling rival, FTX, blaming reports of “mishandled customer funds” and “alleged US agency investigations”.

Central banks have, for a number of years, warned people about putting their money into cryptocurrencies because the value of digital coins is extremely volatile.

Now Binance, the world’s largest cryptocurrency exchange, has pulled out of a deal to acquire its rival FTX – with millions of dollars at stake.

We hear from Hungary where the government is freezing prices for eggs, chicken, pork and cooking oil, in an effort to tackle inflation.

Plus we hear about China’s Singles’ Day – one of the biggest shopping days in the world. 

(Pic: Rusty Bitcoin Sign is Demolishing and Collapsing.  Credit: Getty Images)

Accessibility links

Programme Index

World Business Report

First broadcast 10/11/2022 15:32 GMT : Binance pulls out of deal to rescue rival crypto firm FTX

Genres

Formats

Brand

BBC World Service East Asia

About BBC World Service