Israel kills top Hezbollah figure in Beirut strike, Reuters sources say
Top Hezbollah commander Ibrahim Aqil was killed on Friday in an Israeli strike on Beirut's southern suburbs, two security sources told Reuters.
The cryptocurrency exchange Binance said it plans to buy its rival FTX Trading, in the latest example of how fortunes can change rapidly in the crypto world.
Binance CEO Changpeng Zhao said on Twitter Tuesday that his company had signed a letter of intent to buy FTX because the smaller exchange was experiencing a "significant liquidity crunch." The deal was pending due diligence, Zhao said on Twitter.
Samuel Bankman-Fried, founder and CEO of FTX, also took to Twitter to say the deal would protect the exchange's customers. It's a surprising turn of events after Bankman-Fried was hailed as somewhat of a saviour earlier this year when he helped shore up a number of cryptocurrency companies that ran into financial trouble.
FTX is the latest cryptocurrency company this year to come under financial pressure as crypto assets such as bitcoin and ethereum have collapsed in value. Failures include Celsius, a bank-like company that took in crypto deposits in exchange for yield, as well as an Asia-based hedge fund known as Three Arrows Capital.
Coindesk, which specializes in news about digital assets, reported last week that much of the balance sheet of Bankman-Fried's trading firm Alameda Research was tied up in FTX's own digital token called FTT. Binance rattled the market over the weekend when it said it planned to liquidate of its holdings in FTT on concerns that the company was illiquid.
On Tuesday morning, cryptocurrency investors said they were having trouble withdrawing money from FTX as well. The value of FTT plunged overnight only to stabilize after the deal was announced.
Other major cryptocurrencies were higher after the deal was announced as well, with Bitcoin rising 5 per cent.
The deal would make Binance, which is already the biggest cryptocurrency exchange by daily volume, an even more dominant player in the cryptocurrency industry. FTX was the third largest exchange as of this week.
Bankman-Fried, better known by his initials SBF, was hailed by the crypto industry earlier this year after pledging to buy certain crypto assets to bolster the balance sheets of other failing crypto companies. That included companies like Voyager Digital, which failed after owning a stake in the failed stable coin Terra.
Bankman-Fried also purchased a stake in the online trading platform Robinhood after that company's shares plunged as revenue dropped and it lost money.
Bankman-Fried said neither the U.S. operations of Binance or FTX are involved in the deal announced Tuesday.
Top Hezbollah commander Ibrahim Aqil was killed on Friday in an Israeli strike on Beirut's southern suburbs, two security sources told Reuters.
Since she was a young girl growing up in Vancouver, Ginny Lam says her mom Yat Hei Law made it very clear she favoured her son William, because he was her male heir.
The province's public security minister said he was "shocked" Thursday amid reports that a body believed to be that of a 14-year-old boy was found this week near a Hells Angels hideout near Quebec City.
An Ontario man says it is 'unfair' to pay a $1,500 insurance surcharge because his four-year-old SUV is at a higher risk of being stolen.
Israel鈥檚 military has struck the southern suburbs of Beirut, Lebanon鈥檚 capital, in a dramatic escalation in a year-long period of conflict between Israel and Hezbollah.
Emergency crews in northern Ontario found the bodies of four people inside a home where a fire broke out Thursday night.
A paid passenger on an expedition to the Titanic with the company that owned the Titan submersible testified before a U.S. Coast Guard investigatory panel Friday that the mission he took part in was aborted due to an apparent mechanical failure.
Following the MIND diet for 10 years produced a small but significant decrease in the risk of developing thinking, concentration and memory problems, a new study found.
The Montreal couple from Mexico and their three children facing deportation have received a temporary residence permit.
They say a dog is a man鈥檚 best friend. In the case of Darren Cropper, from Bonfield, Ont., his three-year-old Siberian husky and golden retriever mix named Bear literally saved his life.
A growing group of brides and wedding photographers from across the province say they have been taken for tens of thousands of dollars by a Barrie, Ont. wedding photographer.
Paleontologists from the Royal B.C. Museum have uncovered "a trove of extraordinary fossils" high in the mountains of northern B.C., the museum announced Thursday.
The search for a missing ancient 28-year-old chocolate donkey ended with a tragic discovery Wednesday.
The Royal Canadian Mounted Police is celebrating an important milestone in the organization's history: 50 years since the first women joined the force.
It's been a whirlwind of joyful events for a northern Ontario couple who just welcomed a baby into their family and won the $70 million Lotto Max jackpot last month.
A Good Samaritan in New Brunswick has replaced a man's stolen bottle cart so he can continue to collect cans and bottles in his Moncton neighbourhood.
David Krumholtz, known for roles like Bernard the Elf in The Santa Clause and physicist Isidor Rabi in Oppenheimer, has spent the latter part of his summer filming horror flick Altar in Winnipeg. He says Winnipeg is the most movie-savvy town he's ever been in.
Edmontonians can count themselves lucky to ever see one tiger salamander, let alone the thousands one local woman says recently descended on her childhood home.