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Here are the latest breaking news and updates related to cryptocurrency ¹ ²:
- U.S. Securities and Exchange Commission classifies Lido and Rocket Pool staking projects as securities.
- The value of LDO has fallen below 2.1 USDT, currently at 2.099 USDT, marking a 24-hour decrease of 11.07%.
- Bitdeer Technologies Group, a Bitcoin mining company, has announced a 30-year industrial base lease agreement with the Port Authority of Monroe County, Ohio.
- The U.S. Securities and Exchange Commission files a lawsuit against Consensys, the developer of the MetaMask wallet.
- Ethereum (ETH) has dropped below 3,400 USDT and is trading at 3,392.649902 USDT, with a 1.72% decrease in 24 hours.
- Federal Reserve Board Member Bowman expressed a lack of interest from Congress regarding central bank digital currencies.
- Arbitrum Foundation proposes a new transaction ordering strategy, Timeboost, for Arbitrum One and Nova.
- 21Shares submits S-1 document for a Solana Exchange Traded Fund (ETF).
#bitcoin #BinanceSquareFamily #Binance
- U.S. Securities and Exchange Commission classifies Lido and Rocket Pool staking projects as securities.
- The value of LDO has fallen below 2.1 USDT, currently at 2.099 USDT, marking a 24-hour decrease of 11.07%.
- Bitdeer Technologies Group, a Bitcoin mining company, has announced a 30-year industrial base lease agreement with the Port Authority of Monroe County, Ohio.
- The U.S. Securities and Exchange Commission files a lawsuit against Consensys, the developer of the MetaMask wallet.
- Ethereum (ETH) has dropped below 3,400 USDT and is trading at 3,392.649902 USDT, with a 1.72% decrease in 24 hours.
- Federal Reserve Board Member Bowman expressed a lack of interest from Congress regarding central bank digital currencies.
- Arbitrum Foundation proposes a new transaction ordering strategy, Timeboost, for Arbitrum One and Nova.
- 21Shares submits S-1 document for a Solana Exchange Traded Fund (ETF).
#bitcoin #BinanceSquareFamily #Binance
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Here are the latest news and updates related to Dogecoin (DOGE)
#doge⚡ #DOGENEWS #dogetomars #DogecoinDay
- Dogecoin price has risen by 5% in the past 24 hours, reaching $0.1235.
- The meme token is up by 2% in a week, but down by 12% in a fortnight and by 27% in the past month.
- Despite this, DOGE holds onto an 83% gain in the past year.
- Dogecoin is down by -0.97% in a day and the price as of June 29, 2024, was Rs 10.3.
- The 30-day moving average has begun climbing sharply and is close to overtaking its 200-day average, which is usually a sign of a bre
- Dogecoin price has risen by 5% in the past 24 hours, reaching $0.1235.
- The meme token is up by 2% in a week, but down by 12% in a fortnight and by 27% in the past month.
- Despite this, DOGE holds onto an 83% gain in the past year.
- Dogecoin is down by -0.97% in a day and the price as of June 29, 2024, was Rs 10.3.
- The 30-day moving average has begun climbing sharply and is close to overtaking its 200-day average, which is usually a sign of a bre
why altcoins going down?
$FIL $DOGE $BLUR #FIL #Dogecoin.killer #BLUR/USDT Altcoins are Going bearish why ? but bitcoin is bullish Can anybody know what happening in crypto market #BitcoinPrice2024 #BitcoinETF💰💰💰
Cosmos (ATOM): What It Is & How It Revolutionizes the Crypto Industry
Cryptooryx 🔥🔥🔥 follow cryptooryx 🔥🔥🔥Welcome to the fascinating world of Cosmos, the “Internet of Blockchains” that aims to revolutionize the way we perceive and interact with blockchain technology. Are you curious about what sets Cosmos apart from the competition, and how it is paving the way for a more connected and efficient blockchain ecosystem? Look no further! In this comprehensive guide, we will dive into the heart of Cosmos, exploring its origins, core technologies, and the potentia
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The Cryptocurrencies with the Highest Upside Potential in .....................
Here are 12 high-risk coins that could offer significant upside potential this year.📒follow 👍cryptooryx1.Bitcoin ETF Token (BTCETF) – Offers the most upside potential of all the coins we reviewed, with 1,800% dynamic PoS APY, clear presale price increases, a 25% token supply burn, and a fate tied intimately with SEC approval of Bitcoin ETFs.2.Bitcoin Minetrix (BTCMTX) – ERC20 presale targets the BTC cloud mining industry with a revolutionary new model, 2,563% APY, and dual means of income gene
10 Largest Cryptocurrencies by Market Capitalization
👍follow 👉cryptooryx1.Bitcoin (BTC)$BTC Market Cap: $458 billionBitcoin is the largest and most popular cryptocurrency by market cap and was created by Satoshi Nakamoto in 2009. It is a decentralized digital currency that has transferrable ownership. This cryptocurrency is mineable and has a maximum supply of ₿21,000,000.2. Ethereum (ETH)$ETH Market Cap: $216 billionThe closest second to Bitcoin is Ethereum, and its token which is called “Ether.” The Ethereum network is intended to replace trad
ABOUT HAIR LOSS AND GROWTH
What Are the Four Stages of Hair Growth?
Hair grows in four distinct stages. The final stage involves the shedding of old hair, making room for new hair growth. Certain conditions can disrupt the stages of hair growth.
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The growth and loss of hair may seem like a simple process, but the hair growth cycle is actually composed of four distinct phases. These stages of hair growth have been studied in great depth to better understand how hair grows and
Hair grows in four distinct stages. The final stage involves the shedding of old hair, making room for new hair growth. Certain conditions can disrupt the stages of hair growth.
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The growth and loss of hair may seem like a simple process, but the hair growth cycle is actually composed of four distinct phases. These stages of hair growth have been studied in great depth to better understand how hair grows and
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Top 5 AI Crypto Coins .........................🔥🔥🔥🔥🔥🔥
🤜Follow @cryptooryxArtificial Intelligence (AI) is rapidly transforming how we interact and work. A notable development in this realm is ChatGPT, created by OpenAI, designed to generate human-like text and handle tasks like information processing and answering queries. Moreover, AI’s impact is extending to the crypto space.AI coins are crypto assets that leverage artificial intelligence to improve user experiences, scalability, and security within blockchain networks. They actively support AI-
creating 🔥🔥 history 🔥soon🔥 ...................🔥🔥🔥🔥🔥🔥
👉 What is Ooki?Ooki is a powerful and fully decentralized margin trading, borrowing, and lending platform with a ton of features.Ooki is a protocol for margin trading, borrowing, lending and staking. Ooki Protocol allows anyone to build applications that enable lenders, borrowers, and traders to interact with the most flexible decentralized finance protocol o#BinanceSquareTalks n multiple blockchains. Ooki is a fully decentralized, community-run project, governed by the community vote for all m
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2024 Bull Run Predictions: Top 10 Cryptocurrencies to Watch ..........................🔥🔥🔥🔥🔥
CryptocurrencyLatest NewsTop List🤜 follow @cryptooryxTop 10 cryptocurrenciesIn this article, let’s explore the top 10 cryptocurrencies to watch in the anticipated 2024 bull runCryptocurrency markets are known for their volatility and unpredictability, but they also offer tremendous opportunities for investors. As we approach 2024, many crypto enthusiasts are eagerly anticipating another bull run, similar to the historic surge seen in previous years. While no one can predict the future with abso
Importance of Community in Tokenomics and Governance
Follow 👉 @cryptooryx #DeFiChallenge #Tokenomics 🌐 Mining and staking – For base layer blockchains, like Ethereum 1.0 and Bitcoin, mining is the core incentive for a decentralized network of computers to validate transactions. Here, new tokens are given to those who devote their computing power to discovering new blocks, filling them with data and adding them to the blockchain. Staking rewards those who fulfill a similar role but by locking away a number of coins in a smart contract instead – t
Emerging DeFi Trends in 2023
#DeFiChallenge
Follow 👉 @cryptooryx
#DeFiTrends
Interoperability and Cross-Chain Solutions
2023 holds promise for significant strides in interoperability, a long-standing challenge in the blockchain domain. DeFi projects are actively engrossed in developing solutions that facilitate seamless communication and data sharing across different blockchain networks. The advent of cross-chain platforms and protocols, like cross-chain NFT marketplace development, will empower users to access a diverse array of assets and services spanning multiple blockchains, fostering a more interconnected DeFi ecosystem.
Layer 2 Scaling Solutions
Amid escalating demand for DeFi applications, scalability continues to be a pivotal concern for blockchain networks. Layer 2 scaling solutions, including Optimistic Rollups and zk-Rollups, are poised to address congestion and mitigate transaction costs on Ethereum and other blockchains. These innovations will empower DeFi platforms to handle heightened transaction volumes without compromising decentralization or security.
#Binance
______🙏🙏🙏______
#DeFiChallenge
Follow 👉 @cryptooryx
#DeFiTrends
Interoperability and Cross-Chain Solutions
2023 holds promise for significant strides in interoperability, a long-standing challenge in the blockchain domain. DeFi projects are actively engrossed in developing solutions that facilitate seamless communication and data sharing across different blockchain networks. The advent of cross-chain platforms and protocols, like cross-chain NFT marketplace development, will empower users to access a diverse array of assets and services spanning multiple blockchains, fostering a more interconnected DeFi ecosystem.
Layer 2 Scaling Solutions
Amid escalating demand for DeFi applications, scalability continues to be a pivotal concern for blockchain networks. Layer 2 scaling solutions, including Optimistic Rollups and zk-Rollups, are poised to address congestion and mitigate transaction costs on Ethereum and other blockchains. These innovations will empower DeFi platforms to handle heightened transaction volumes without compromising decentralization or security.
#Binance
______🙏🙏🙏______
🌐👑🌐 DeFi going mainstream 💰
#DeFiChallenge
Follow 👉 @cryptooryx
#DeFigoesMainstream
Introduction
In the ever-evolving landscape of financial technology, one trend has been making waves over the past few years - DeFi, short for Decentralized Finance. What started as a niche concept on the fringes of the cryptocurrency world has now matured into a powerful force that is reshaping the financial industry. Today, DeFi is no longer an obscure term known only to blockchain enthusiasts; it has gone mainstream, capturing the attention of both traditional finance and the general public.
In the vast landscape of financial evolution, Decentralized Finance (DeFi) has emerged as a beacon of promise, offering solutions that challenge traditional banking's core.
However, as with any innovation, it brings its own set of challenges.
🔰 To tackle this problem, it's essential to provide a comprehensive perspective on the seemingly idealistic concept of DeFi. It's crucial for individuals to recognize and acknowledge these challenges, as users are currently facing distressing issues.
🔰 And as long as these hurdles remain unresolved, going mainstream is a delusion.
👉 Why DeFi Won’t Go Mainstream
🔰Security Concerns The continuous incidents and loss of money will only discourage investors as there is a lack of trust.
🔰 Regulation Concerns DeFi needs regulation to prevent continuous losses, but regulation doesn't work well with decentralization.
The main idea of decentralization is that no single party will have control over the platform, but with regulation, a body has to maintain control.
However, due to the decentralized nature of DeFi, regulators will keep facing challenges with controlling it. Hence, the exploits will continue. This is because exploits are often done to smart contracts, not the regulatory bodies.
#Binance
🔰 Complexity DeFi remains challenging to non-technical users, and without the proper knowledge, users can lose money due to a mistake they made on the platform.
_______🙏🏻🙏🏻🙏🏻________
#DeFiChallenge
Follow 👉 @cryptooryx
#DeFigoesMainstream
Introduction
In the ever-evolving landscape of financial technology, one trend has been making waves over the past few years - DeFi, short for Decentralized Finance. What started as a niche concept on the fringes of the cryptocurrency world has now matured into a powerful force that is reshaping the financial industry. Today, DeFi is no longer an obscure term known only to blockchain enthusiasts; it has gone mainstream, capturing the attention of both traditional finance and the general public.
In the vast landscape of financial evolution, Decentralized Finance (DeFi) has emerged as a beacon of promise, offering solutions that challenge traditional banking's core.
However, as with any innovation, it brings its own set of challenges.
🔰 To tackle this problem, it's essential to provide a comprehensive perspective on the seemingly idealistic concept of DeFi. It's crucial for individuals to recognize and acknowledge these challenges, as users are currently facing distressing issues.
🔰 And as long as these hurdles remain unresolved, going mainstream is a delusion.
👉 Why DeFi Won’t Go Mainstream
🔰Security Concerns The continuous incidents and loss of money will only discourage investors as there is a lack of trust.
🔰 Regulation Concerns DeFi needs regulation to prevent continuous losses, but regulation doesn't work well with decentralization.
The main idea of decentralization is that no single party will have control over the platform, but with regulation, a body has to maintain control.
However, due to the decentralized nature of DeFi, regulators will keep facing challenges with controlling it. Hence, the exploits will continue. This is because exploits are often done to smart contracts, not the regulatory bodies.
#Binance
🔰 Complexity DeFi remains challenging to non-technical users, and without the proper knowledge, users can lose money due to a mistake they made on the platform.
_______🙏🏻🙏🏻🙏🏻________
⚖️🌎➡️ Is DeFi the Future of Finance?
#DeFiChallenge
Follow 👉 @cryptooryx
#DeFiChallenge
The bright future of DeFi, a stunning technology that has transformed the crypto industry from grass to grace, is here.
🔰 How often have you looked at the newest business or financial news in the last 12 months to discover the media focused on bitcoin's price fluctuations? Cyber currencies have dominated the conversation concerning the future of Finance. But something else is happening, mostly unnoticed, that is deeper and is beginning to influence the entire financial system. It is the rise of DeFi or Decentralized Finance.
👉 "With more institutional investors entering the DeFi industry, the market is predicted to rise to $800 billion in 2022".
🔰 Things change quickly in the cryptocurrency sector, and Decentralized Finance is a current trend - it's an exciting place to be. If you're still unfamiliar with DeFi, let's dive deeper and discover more about it.
What is Defi-Decentralized Finance?
🔰 Decentralized Finance (DeFi) is a financial system that operates on a network of computers rather than a single server. DeFi is a new digital financial infrastructure that eliminates the need for a central bank or government agency to authorize financial transactions.
🔰 DeFi is inextricably linked with blockchain, the Decentralized, immutable public ledger on which Bitcoin is based, which allows all computers (or nodes) on a network to keep a copy of the transaction history. The concept is that no single entity has control over or can alter the transaction ledger.
#Binance #Binancefeed #DeFiChallenge
_________🙏🏻🙏🏻🙏🏻___________
#DeFiChallenge
Follow 👉 @cryptooryx
#DeFiChallenge
The bright future of DeFi, a stunning technology that has transformed the crypto industry from grass to grace, is here.
🔰 How often have you looked at the newest business or financial news in the last 12 months to discover the media focused on bitcoin's price fluctuations? Cyber currencies have dominated the conversation concerning the future of Finance. But something else is happening, mostly unnoticed, that is deeper and is beginning to influence the entire financial system. It is the rise of DeFi or Decentralized Finance.
👉 "With more institutional investors entering the DeFi industry, the market is predicted to rise to $800 billion in 2022".
🔰 Things change quickly in the cryptocurrency sector, and Decentralized Finance is a current trend - it's an exciting place to be. If you're still unfamiliar with DeFi, let's dive deeper and discover more about it.
What is Defi-Decentralized Finance?
🔰 Decentralized Finance (DeFi) is a financial system that operates on a network of computers rather than a single server. DeFi is a new digital financial infrastructure that eliminates the need for a central bank or government agency to authorize financial transactions.
🔰 DeFi is inextricably linked with blockchain, the Decentralized, immutable public ledger on which Bitcoin is based, which allows all computers (or nodes) on a network to keep a copy of the transaction history. The concept is that no single entity has control over or can alter the transaction ledger.
#Binance #Binancefeed #DeFiChallenge
_________🙏🏻🙏🏻🙏🏻___________
Is BitTorrent crypto price manipulated? Influencer insights!
Follow 👉@cryptooryx$BTTC $TRX Do you suspect that the price of cryptocurrencies like BitTorrent may be manipulated by influencers? If so, know that it’s possible. After all, the world of crypto is filled with manipulation attempts. From bots to whales, malicious actors have been known to take advantage of unsuspecting investors and manipulate the prices of coins for their gain.But do these nefarious activities extend to influencer-promoted deals and announcements? In this piece, we’ll investiga
Bitcoin Tumbles to $26.9K on Hawkish Remarks by Federal Reserve's Powell
Follow 👉 @cryptooryx
🔰 The Wednesday pause in rate hikes had been overwhelmingly expected by market participants, but Fed members now see much higher interest rates for next year than previously projected.
🔰 In a widely anticipated move, the U.S. Federal Reserve on Wednesday held monetary policy steady, leaving the range for its benchmark interest rate at 5.25% to 5.50%.
🔰 Fed officials also projected keeping interest rates higher for next year at around 5.1%, a significant jump in expectations compared to 4.3% in the June prediction. They also see stronger economic growth for this year, expecting a 2.1% real GDP increase versus a 1% forecast in June.
🔰 "In determining the extent of additional policy firming that may be appropriate to return inflation to 2% over time, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments," the Fed statement reads.
🔰 Bitcoin's (BTC) price remained flat around $27,200 in the minutes following the central bank’s announcement, but later tumbled some 1% to $26,900 as Fed Chair Jerome Powell said in a press conference that the central bank will do more rate hikes if the economy remains stronger than expected.
🔰 Powell also said that the majority of Fed members believe "one more rate hike is more likely than not appropriate" to reach the Fed's goal during the remaining two Federal Open Market Committee (FOMC) meetings. He also acknowledged that the recent trend in inflation is going in the right direction, saying that the last three months' reading were "very, very good."
🔰 The FOMC’s next policy meeting is set for the start of November.
$BTC $ETH $BNB
#cryptocurrency #bitcoin #crypto2023 #Binance
__________🙏🏻🙏🏻🙏🏻__________
Follow 👉 @cryptooryx
🔰 The Wednesday pause in rate hikes had been overwhelmingly expected by market participants, but Fed members now see much higher interest rates for next year than previously projected.
🔰 In a widely anticipated move, the U.S. Federal Reserve on Wednesday held monetary policy steady, leaving the range for its benchmark interest rate at 5.25% to 5.50%.
🔰 Fed officials also projected keeping interest rates higher for next year at around 5.1%, a significant jump in expectations compared to 4.3% in the June prediction. They also see stronger economic growth for this year, expecting a 2.1% real GDP increase versus a 1% forecast in June.
🔰 "In determining the extent of additional policy firming that may be appropriate to return inflation to 2% over time, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments," the Fed statement reads.
🔰 Bitcoin's (BTC) price remained flat around $27,200 in the minutes following the central bank’s announcement, but later tumbled some 1% to $26,900 as Fed Chair Jerome Powell said in a press conference that the central bank will do more rate hikes if the economy remains stronger than expected.
🔰 Powell also said that the majority of Fed members believe "one more rate hike is more likely than not appropriate" to reach the Fed's goal during the remaining two Federal Open Market Committee (FOMC) meetings. He also acknowledged that the recent trend in inflation is going in the right direction, saying that the last three months' reading were "very, very good."
🔰 The FOMC’s next policy meeting is set for the start of November.
$BTC $ETH $BNB
#cryptocurrency #bitcoin #crypto2023 #Binance
__________🙏🏻🙏🏻🙏🏻__________
Why the Next Crypto Bull Run Will Be Like Nothing We've Ever Experienced
Follow 👉@cryptooryx
Even the most novice degens know that the only rule that applies to cryptocurrency markets is that there are no rules. Not even the world's brightest minds can outpace the mayhem that is the world of digital assets. One minute, Michael Saylor and Microstrategy could be live on CNBC discussing their latest billion-dollar Bitcoin purchase, and the next, Jim Cramer could be telling America that he'd never touch Bitcoin with a ten-foot pole, only a couple of weeks after calling it digital gold
The market has been rather uninteresting due to asset prices traveling sideways for the better part of this year. Nevertheless, hope in the vision of the Federal Reserve's mythical "soft" landing, combined with the upcoming Bitcoin halving, has the Web3 community salivating at the prospect of many life-changing opportunities that could be within reach soon. With greed in the air, it would be foolish to ignore the difference in the landscape as the market sentiment shifts.
$BTC $ETH $BNB
Whether it's the likes of BlackRock looking to issue ETFs to commercialize crypto exposure, corporate adoption, multiple IPOs, the rise of artificial intelligence or the attempted onslaught of regulation, there hasn't ever been this much discourse around the digital asset class. That's exactly why you need to know three key things to capitalize on what's to come. #BNB
#crypto2023 #bitcoin #Binance
_______🙏🏻🙏🏻🙏🏻________
Follow 👉@cryptooryx
Even the most novice degens know that the only rule that applies to cryptocurrency markets is that there are no rules. Not even the world's brightest minds can outpace the mayhem that is the world of digital assets. One minute, Michael Saylor and Microstrategy could be live on CNBC discussing their latest billion-dollar Bitcoin purchase, and the next, Jim Cramer could be telling America that he'd never touch Bitcoin with a ten-foot pole, only a couple of weeks after calling it digital gold
The market has been rather uninteresting due to asset prices traveling sideways for the better part of this year. Nevertheless, hope in the vision of the Federal Reserve's mythical "soft" landing, combined with the upcoming Bitcoin halving, has the Web3 community salivating at the prospect of many life-changing opportunities that could be within reach soon. With greed in the air, it would be foolish to ignore the difference in the landscape as the market sentiment shifts.
$BTC $ETH $BNB
Whether it's the likes of BlackRock looking to issue ETFs to commercialize crypto exposure, corporate adoption, multiple IPOs, the rise of artificial intelligence or the attempted onslaught of regulation, there hasn't ever been this much discourse around the digital asset class. That's exactly why you need to know three key things to capitalize on what's to come. #BNB
#crypto2023 #bitcoin #Binance
_______🙏🏻🙏🏻🙏🏻________
10 Cryptocurrencies You Can Buy in September
Stay ahead in the crypto market by exploring our top 10 cryptocurrency picks for September
FOLLOW 👉@CRYPTOORYX
As we enter September, the cryptocurrency market continues to be a hotbed of excitement and opportunity. Navigating the diverse world of digital assets feels like entering a bustling financial innovation market. You’re in for a treat if you want to invest or expand your crypto portfolio. In this guide, we’ll introduce you to ten cryptocurrencies making waves that could yield impressive returns.
There are thousands of different cryptocurrencies, ranging from Bitcoin and Ethereum to Dogecoin and Tether, making it difficult to get started in the world of cryptocurrencies. These are the top 10 cryptocurrencies based on market capitalization, or the total worth of all the currently circulating coins, to help you gain your bearings.
🔰 Bitcoin (BTC) #bitcoin $BTC
🔰 Ether (ETH) #Ethereum $ETH
🔰 Avalanche (AVAX)
🔰 Polygon (MATIC)
🔰 Cardano (ADA)
🔰 XRP (XRP)
🔰 Cosmos (ATOM)
🔰 Tether (USDT)
🔰 Binance Coin (BNB)
🔰 Doge coin #Binance $BNB
______🙏🏻🙏🏻🙏🏻_______
Stay ahead in the crypto market by exploring our top 10 cryptocurrency picks for September
FOLLOW 👉@CRYPTOORYX
As we enter September, the cryptocurrency market continues to be a hotbed of excitement and opportunity. Navigating the diverse world of digital assets feels like entering a bustling financial innovation market. You’re in for a treat if you want to invest or expand your crypto portfolio. In this guide, we’ll introduce you to ten cryptocurrencies making waves that could yield impressive returns.
There are thousands of different cryptocurrencies, ranging from Bitcoin and Ethereum to Dogecoin and Tether, making it difficult to get started in the world of cryptocurrencies. These are the top 10 cryptocurrencies based on market capitalization, or the total worth of all the currently circulating coins, to help you gain your bearings.
🔰 Bitcoin (BTC) #bitcoin $BTC
🔰 Ether (ETH) #Ethereum $ETH
🔰 Avalanche (AVAX)
🔰 Polygon (MATIC)
🔰 Cardano (ADA)
🔰 XRP (XRP)
🔰 Cosmos (ATOM)
🔰 Tether (USDT)
🔰 Binance Coin (BNB)
🔰 Doge coin #Binance $BNB
______🙏🏻🙏🏻🙏🏻_______
FTX gets court approval to sell crypto assets
👉 follow 👉@cryptooryx
🔰 NEW YORK, Sept 13 (Reuters) - Bankrupt crypto exchange FTX received U.S. court permission on Wednesday to liquidate cryptocurrency assets, a move the company said would allow it to repay customers in U.S. dollars and minimize risks related to price volatility in crypto markets.
🔰 U.S. Bankruptcy Judge John Dorsey approved FTX's proposal at a court hearing in Wilmington, Delaware, allowing FTX to sell up to $100 million in cryptocurrency per week and enter into hedging and staking agreements that will allow FTX to minimize the risk of price volatility and earn passive income on more mainstream crypto assets like bitcoin and ether.
🔰 FTX's request was supported by the official committee appointed to represent its customers in the bankruptcy, and by an ad hoc committee that represents non-U.S. customers with deposits on FTX.com's international exchange.
👉follow @cryptooryx
🔰 FTX said in court filings it was keenly aware of the risk that its effort to liquidate coins could move crypto markets. It said it had hired U.S. crypto firm Galaxy as an investment advisor in part to manage the risk that "information leakage" would lead to short-selling activity and sharp declines in the price of crypto. But keeping its current crypto portfolio intact also carries risks, potentially locking FTX into holding certain assets as their prices decline, according to FTX’s court papers.
🔰 FTX said in a Monday court filing it owns $3.4 billion in cryptocurrencies, including $1.16 billion in Solana, $560 million in bitcoin, and $192 million in ether.
🔰 FTX filed for bankruptcy in November 2022 in the wake of claims that it misused and lost billions of dollars worth of customers' crypto deposits. FTX has recovered more than $7 billion in assets to repay customers, and it is pursuing additional recoveries through lawsuits against FTX insiders and other defendants that received money from FTX before it went bankrupt.
_______🙏🏻🙏🏻🙏🏻_______
👉 follow 👉@cryptooryx
🔰 NEW YORK, Sept 13 (Reuters) - Bankrupt crypto exchange FTX received U.S. court permission on Wednesday to liquidate cryptocurrency assets, a move the company said would allow it to repay customers in U.S. dollars and minimize risks related to price volatility in crypto markets.
🔰 U.S. Bankruptcy Judge John Dorsey approved FTX's proposal at a court hearing in Wilmington, Delaware, allowing FTX to sell up to $100 million in cryptocurrency per week and enter into hedging and staking agreements that will allow FTX to minimize the risk of price volatility and earn passive income on more mainstream crypto assets like bitcoin and ether.
🔰 FTX's request was supported by the official committee appointed to represent its customers in the bankruptcy, and by an ad hoc committee that represents non-U.S. customers with deposits on FTX.com's international exchange.
👉follow @cryptooryx
🔰 FTX said in court filings it was keenly aware of the risk that its effort to liquidate coins could move crypto markets. It said it had hired U.S. crypto firm Galaxy as an investment advisor in part to manage the risk that "information leakage" would lead to short-selling activity and sharp declines in the price of crypto. But keeping its current crypto portfolio intact also carries risks, potentially locking FTX into holding certain assets as their prices decline, according to FTX’s court papers.
🔰 FTX said in a Monday court filing it owns $3.4 billion in cryptocurrencies, including $1.16 billion in Solana, $560 million in bitcoin, and $192 million in ether.
🔰 FTX filed for bankruptcy in November 2022 in the wake of claims that it misused and lost billions of dollars worth of customers' crypto deposits. FTX has recovered more than $7 billion in assets to repay customers, and it is pursuing additional recoveries through lawsuits against FTX insiders and other defendants that received money from FTX before it went bankrupt.
_______🙏🏻🙏🏻🙏🏻_______
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