{"id":83206,"date":"2022-11-25T00:08:03","date_gmt":"2022-11-25T05:08:03","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=83206"},"modified":"2022-11-24T20:28:30","modified_gmt":"2022-11-25T01:28:30","slug":"binance-deploys-1-billion-to-keep-crypto-industry-afloat-after-ftx-collapse","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2022\/binance-deploys-1-billion-to-keep-crypto-industry-afloat-after-ftx-collapse.html","title":{"rendered":"Binance deploys $1 billion to keep crypto industry afloat after FTX collapse"},"content":{"rendered":"\n<p>(CNBC) Cryptocurrency exchange Binance on Thursday announced new details about its industry recovery fund, which aims to prop up struggling players in the wake of FTX\u2019s calamitous bankruptcy. In a <a rel=\"noreferrer noopener\" href=\"https:\/\/www.binance.com\/en\/blog\/ecosystem\/web3-leaders-join-binance-to-spearhead-web3-industry-recovery-initiative-5285759314040744618\" target=\"_blank\">blogpost<\/a>, Binance said it will devote $1 billion in initial commitments to the recovery fund. It may increase that amount to $2 billion at a point in time in the future \u201cif the need arises,\u201d the company added.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/11\/24\/binance-creates-1-billion-crypto-industry-fund-after-ftx-collapse.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Cryptocurrency exchange Binance on Thursday announced new details about its industry recovery fund, which aims to prop up struggling players in the wake of FTX\u2019s calamitous bankruptcy. In a blogpost, Binance said it will devote $1 billion in initial [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-83206","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=83206"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83206\/revisions"}],"predecessor-version":[{"id":83207,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83206\/revisions\/83207"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=83206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=83206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=83206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}