Ftx❓
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FTX AND LUNA COIN WE SHOULD BUY OR NOT?
Urgent Urgent Urgent!!!
Coins that have experienced a collapse before can perform well in a bull run. Coins like FTT and Luna showed significant growth in the previous pump. If someone wants to take a risk with these coins, they should only use 1℅ of their portfolio in spot trading.coins with less global interest can be manipulated by whales and then experience a good pump. Therefore, I also hope that these coins can give us a return of 10x to 20x in this bull run.
#XRPVictory #MtGoxJulyRepayments #BinanceTurns7 #Ftx❓ #Write2Earn!
Urgent Urgent Urgent!!!
Coins that have experienced a collapse before can perform well in a bull run. Coins like FTT and Luna showed significant growth in the previous pump. If someone wants to take a risk with these coins, they should only use 1℅ of their portfolio in spot trading.coins with less global interest can be manipulated by whales and then experience a good pump. Therefore, I also hope that these coins can give us a return of 10x to 20x in this bull run.
#XRPVictory #MtGoxJulyRepayments #BinanceTurns7 #Ftx❓ #Write2Earn!
♦️𝗕𝗜𝗚𝗚𝗘𝗦𝗧 𝗦𝗛𝗢𝗥𝗧 𝗦𝗤𝗨𝗘𝗘𝗭𝗘 ♦️
$9,100,000,000 worth of shorts will get liquidated if #BTC hits $70,000
Rate cuts are coming, QE has started and #FTX distribution is coming which will bring massive liquidity.
#FTX. #Ftx❓ #FTXAuction #XRPVictory #MarketDownturn
$9,100,000,000 worth of shorts will get liquidated if #BTC hits $70,000
Rate cuts are coming, QE has started and #FTX distribution is coming which will bring massive liquidity.
#FTX. #Ftx❓ #FTXAuction #XRPVictory #MarketDownturn
The Bank of International Settlements (BIS) and the Bank of England have unveiled a new initiative called Pyxtrial, designed to enhance the monitoring of stablecoins by providing near real-time data on their liabilities and the assets backing them. This project aims to address significant regulatory challenges faced by financial authorities in verifying the reserves claimed by stablecoin issuers.
Pyxtrial incorporates features that enable regulators to directly access data from issuers' systems, facilitating the verification of on-chain liabilities. This capability is essential in the wake of past controversies surrounding stablecoin reserves, particularly following the collapse of the FTX exchange in 2022. Many issuers have resorted to self-regulation, publishing "proof of reserves" to mitigate concerns about their backing.
Tether Ltd., the issuer of the largest stablecoin, regularly provides attestations regarding its reserves, although it acknowledges potential discrepancies in real-time data related to circulating tokens.
The modular and customizable design of Pyxtrial allows for adaptation to various regulatory environments worldwide, suggesting its potential applicability beyond stablecoins to other tokenized products backed by real-world assets. As a proof of concept, Pyxtrial has demonstrated its ability to support regulators in tracking liabilities and assets effectively, overcoming the limitations of traditional data collection methods.
While the initiative has shown promise, further testing and refinement are necessary before full deployment. Successful implementation will require skilled personnel to support system users and ensure effective interaction with both on-chain and off-chain data.
#Ftx❓ #usdoller #stableBTC #BTC☀
Pyxtrial incorporates features that enable regulators to directly access data from issuers' systems, facilitating the verification of on-chain liabilities. This capability is essential in the wake of past controversies surrounding stablecoin reserves, particularly following the collapse of the FTX exchange in 2022. Many issuers have resorted to self-regulation, publishing "proof of reserves" to mitigate concerns about their backing.
Tether Ltd., the issuer of the largest stablecoin, regularly provides attestations regarding its reserves, although it acknowledges potential discrepancies in real-time data related to circulating tokens.
The modular and customizable design of Pyxtrial allows for adaptation to various regulatory environments worldwide, suggesting its potential applicability beyond stablecoins to other tokenized products backed by real-world assets. As a proof of concept, Pyxtrial has demonstrated its ability to support regulators in tracking liabilities and assets effectively, overcoming the limitations of traditional data collection methods.
While the initiative has shown promise, further testing and refinement are necessary before full deployment. Successful implementation will require skilled personnel to support system users and ensure effective interaction with both on-chain and off-chain data.
#Ftx❓ #usdoller #stableBTC #BTC☀
FTX plans to pay back customers in full BUT won't reboot the exchange 🫡
As you can see from the FTT chart, positive news came out first, followed immediately by negative news
FTX, the bankrupt crypto exchange that was run by Sam Bankman-Fried, said it expects to fully repay its customers, according to a court hearing ⚖️
Collapsed cryptocurrency exchange FTX will not be restarted, the firm’s bankruptcy lawyers said Wednesday in a court hearing, due to a lack of interest from buyers 💸
#Write2Earn #TradeNTell #Ftx❓
As you can see from the FTT chart, positive news came out first, followed immediately by negative news
FTX, the bankrupt crypto exchange that was run by Sam Bankman-Fried, said it expects to fully repay its customers, according to a court hearing ⚖️
Collapsed cryptocurrency exchange FTX will not be restarted, the firm’s bankruptcy lawyers said Wednesday in a court hearing, due to a lack of interest from buyers 💸
#Write2Earn #TradeNTell #Ftx❓
#Ftx❓ Has abondons the efforts to restart its exchange while opting for a liquidation that aims to
BlockFi has announced the closure of its platform
🔒 Cryptocurrency lender BlockFi has announced that it will be shutting down its web platform in May 2024. The exact closure date will be specified later.
✔️In November 2022, the company filed for #bankruptcy under Chapter 11 of the U.S. Bankruptcy Code. This occurred approximately two weeks after the collapse of #Ftx❓ and Alameda Research. Previously, BlockFi acknowledged that the #exchange and its subsidiary had outstanding obligations to the company.
#ETFvsBTC #BTC
🔒 Cryptocurrency lender BlockFi has announced that it will be shutting down its web platform in May 2024. The exact closure date will be specified later.
✔️In November 2022, the company filed for #bankruptcy under Chapter 11 of the U.S. Bankruptcy Code. This occurred approximately two weeks after the collapse of #Ftx❓ and Alameda Research. Previously, BlockFi acknowledged that the #exchange and its subsidiary had outstanding obligations to the company.
#ETFvsBTC #BTC
Peter Schiff Names New Bearish Target for Bitcoin Price
Peter Schiff believes that the price of Bitcoin is going to slide to $54,000 in the short term
Peter Schiff has stated that the $54,000 level is going to be the next downside objective for Bitcoin, the leading cryptocurrency.
According to the gold bug, Bitcoin has formed a bearish head and shoulders pattern, with the "neckline" of the pattern being just below $57,000.
CoinGecko data shows that the flagship cryptocurrency is currently trading at $57,770 after previously sinking to an intraday low of $56,637.
Bitcoin has slumped more than 21% from its record peak of $73,737, which was achieved on March 14.
The cryptocurrency has been under strong bearish pressure over the past week due to disastrous exchange-traded fund outflows. In April, Schiff predicted that ETF issuers would end up facing a "legal nightmare" due to losses.
On the macro front, recent statements made by Federal Reserve Chairman Jerome Powell briefly managed to push the Bitcoin price above the $59,000 level.
#ETHETFS #Ftx❓ #BTC
$BTC
Peter Schiff believes that the price of Bitcoin is going to slide to $54,000 in the short term
Peter Schiff has stated that the $54,000 level is going to be the next downside objective for Bitcoin, the leading cryptocurrency.
According to the gold bug, Bitcoin has formed a bearish head and shoulders pattern, with the "neckline" of the pattern being just below $57,000.
CoinGecko data shows that the flagship cryptocurrency is currently trading at $57,770 after previously sinking to an intraday low of $56,637.
Bitcoin has slumped more than 21% from its record peak of $73,737, which was achieved on March 14.
The cryptocurrency has been under strong bearish pressure over the past week due to disastrous exchange-traded fund outflows. In April, Schiff predicted that ETF issuers would end up facing a "legal nightmare" due to losses.
On the macro front, recent statements made by Federal Reserve Chairman Jerome Powell briefly managed to push the Bitcoin price above the $59,000 level.
#ETHETFS #Ftx❓ #BTC
$BTC
BitMEX co-founder Arthur Hayes has expressed his views on Solana (SOL), indicating a potential return to its original position. Posting a chart illustrating SOL price fluctuations, Hayes suggested, “I think it’s time to get back on track.” In light of his perspective on Bitcoin's correction bottoming out in the $30,000-$35,000 range, Hayes has taken strategic positions, including purchasing a put option with a $35,000 strike price expiring on March 29. Simultaneously, he initiated a weak stop loss for his Solana holdings. Hayes disclosed the closure of his SOL and BONK positions, with plans to resume buying dips, incorporating Solana and WIF, if BTC drops below $35,000. As of the latest data from CoinMarketCap, SOL is currently trading at $97.24, reflecting a 3.70% decline.
#BITMEX #Ftx❓ #FTT/USDT
#BITMEX #Ftx❓ #FTT/USDT
Here are 4 charts stating how #BinanceLaunchPool🔥 kinda making lots of doubts and traders protection.
Most of you or other people will say that no one asked to buy, lol. But the fact is that #binance should stop this madness. Not good for its reputation. Don’t we remember the collapse of #Ftx❓ $SAGA $W $PORTAL #bitcoinhalving
Most of you or other people will say that no one asked to buy, lol. But the fact is that #binance should stop this madness. Not good for its reputation. Don’t we remember the collapse of #Ftx❓ $SAGA $W $PORTAL #bitcoinhalving
Ahead of Sam Bankman-Fried's sentencing, FTX users have submitted impact statements detailing the ramifications of the exchange's collapse. These statements illuminate the extensive fallout experienced by users, highlighting financial losses, disrupted trading activities, and shattered trust in the platform. The impact statements provide crucial insights into the real-world consequences of FTX's demise, further underscoring the significance of the case and the need for accountability in the cryptocurrency industry. #BinanceLaunchpool #BullorBear #FTXTrial #Ftx❓ #SHIB
"FTX founder Sam Bankman-Fried Punishment and Fine":🫣
KEY POINTS🔥🔥
🔴 FTX founder Sam Bankman-Fried was sentenced to 25 years in prison for the securities fraud conspiracy that doomed his cryptocurrency exchange and a related hedge fund, Alameda Research.
🟠 Bankman-Fried also was ordered to pay $11 billion in forfeiture at the sentencing in Manhattan federal court.
🔵 "There is a risk that this man will be in position to do something very bad in the future," Judge Lewis Kaplan said.
#SamBankman-Fried #sbf #Ftx❓ #write2earn #SambankmanFried
KEY POINTS🔥🔥
🔴 FTX founder Sam Bankman-Fried was sentenced to 25 years in prison for the securities fraud conspiracy that doomed his cryptocurrency exchange and a related hedge fund, Alameda Research.
🟠 Bankman-Fried also was ordered to pay $11 billion in forfeiture at the sentencing in Manhattan federal court.
🔵 "There is a risk that this man will be in position to do something very bad in the future," Judge Lewis Kaplan said.
#SamBankman-Fried #sbf #Ftx❓ #write2earn #SambankmanFried
