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Crypto exchange Binance is ready to buy out another notable Crypto exchange Binance is ready to buy out another notable

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Crypto exchange Binance is ready to buy out another notable player in the market – the FTX exchange

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Last Sunday, Binance CEO Changpeng Zhao (CZ) announced that the company is seeking to get rid of FTT, the FTX “utility” FTT token, which has since fallen more than 80% from above $22 to below $5.

Crypto exchange Binance is ready to buy out another notable player in the market - the FTX exchange

The decision was prompted by a CoinDesk investigation that revealed details of the balance sheet of Alameda Research, a company closely associated with FTX. Amid disagreements with Binance, the exchange faced a reduction in deposits – according to Dune Analytics, the net outflow of funds from the platform exceeded $955 million in a week.

Crypto exchange Binance is ready to buy out another notable player in the market - the FTX exchange

Against the backdrop of a dispute with Binance in 24 hours, the volume of deposits on the FTX exchange amounted to $540 million, and the withdrawal of funds – $1.2 billion.

As a result, at the end of the day, the CEO of Binance made a statement:

This afternoon, FTX reached out to us for help. There is a significant liquidity shortage. To protect users, we have signed a non-binding LOI (Letter of Intent) intending to fully acquire FTX.com and help fill the liquidity gap.

In the coming days, we will carry out a complete procedure for compiling an objective view of the investment object, including an assessment of investment risks and a comprehensive check of its financial condition.

As a result, the result of a short dispute was the rapid development of events within just one day. Most experts note the emerging trend towards the consolidation of the market of centralized exchanges, which may lead to the fact that 5-7 players will remain on the market, who will divide all users among themselves.

Crypto exchange Binance is ready to buy out another notable player in the market - the FTX exchange

The amount of the transaction has not yet been disclosed, but the price has not yet been determined, as the valuation is “volatile”.

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Electric Cars

Vivo and Iqoo smartphones can now serve as digital keys for BMW cars

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Vivo and Iqoo smartphones can now serve as digital keys

Vivo has officially announced that the digital car key feature in its smartphones now supports cars from the German automaker BMW.

This feature is featured in the Vivo X90, Vivo X80, Vivo X Fold, Vivo X Note, iQOO 10, iQOO 9 series and many other models. All you have to do is launch the My BMW app on a Vivo phone that supports BMW Digital Keys and sign in to your BMW account.

Vivo and Iqoo smartphones can now serve as digital keys for BMW cars

How to unlock/lock the car door: When unlocking the car, the user needs to hold the top of the Vivo phone to the NFC detection area on the driver’s side door handle until the phone displays “Completed”. The BMW Smart Key can only unlock the driver’s door.

How to start the engine: Simply place your Vivo phone on the wireless charging pad and press the Start/Stop button.

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Latest Dimensity 8200 and 120W charger. iQOO Neo 7 SE parameters became known

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Latest Dimensity 8200 and 120W charger iQOO Neo 7 SE

The iQOO Neo 7 SE smartphone, which will be presented on December 2, will receive a very productive platform, albeit not a flagship level.

Latest Dimensity 8200 and 120W charger.  iQOO Neo 7 SE parameters became known

Thanks to the TENAA base, it became known that the new product will be equipped with the Dimensity 8200 SoC, which has not yet been presented. Also, the device will receive a battery with a capacity of 5000 mAh with 120-watt charging. As you can see, this level of charging is becoming more common in mid-range smartphones.

Of course, we do not yet know the prices of iQOO Neo 7 SE, but iQOO Neo 6 SE started at $390. By the way, this device also offered optical stabilization for the main camera, so you can expect it in the novelty.

iQOO Neo 7 SE should also get a 6.78-inch AMOLED screen, 8 to 16 GB of RAM, 128 to 512 GB of flash memory and a 64-megapixel main camera.

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Components

Will the GeForce GTX 1660 Ti stay for at least another year? Nvidia is ending production of almost all mid-range graphics cards.

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Will the GeForce GTX 1660 Ti stay for at least

Nvidia has decided to completely stop the production of several models of video cards of past generations.

Will the GeForce GTX 1660 Ti stay for at least another year?  Nvidia is ending production of almost all mid-range graphics cards.

We are talking about the GeForce RTX 2060 Super, RTX 2060, GTX 1660 Super and GTX 1660 cards. The source does not have any details, but we already know that there is an RTX 3050 to replace the RTX 2060/2060 Super, but the GTX 1660 cards there are simply no replacements. The source doesn’t mention the GTX 1660 Ti, though, so it’s possible Nvidia is keeping this card alone to close the hole in the sub-$300 segment.

In particular, in Europe now for the GTX 1660/1660 Super/1660 Ti they are asking for about the same money: from about 230-240 euros. At the same time, the cheapest RTX 3050 now costs 300 euros. No more affordable cards will appear in the RTX 30 line, and it’s not worth waiting for cheap RTX 40 cards in the foreseeable future, because even the RTX 4060 is supposedly released only next summer.

For comparison, AMD has a modern Radeon RX 6600 in the sub-$300/Euro segment, which is much more powerful than any GTX 1660, and along with the RTX 3050.

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