Got this fortune at a very small town Chinese restaurant on Christmas (southern Illinois). FTX logo on the back. Wouldn’t you know it, they’re selling fortune cookie NFT’s in Solana. More importantly, two of my family members heard about crypto for the first time.
When there's low volume it's easy to manipulate the price to liquidate futures. FTX (pls don't sue me) has already had a court lawsuit that got dropped for doing this back in 2019. Binance and FTX have insane liquidity which is only amplified when people keep their coins on an exchange. Making it very easy for them to move the price. Another way is that for smaller coins, people can buy the same coins from each other over and over to make it look like a dead project has volume, even though it's just the same person selling and buying from themselves.
tldr; Venture capitalist Amy Wu has left Lightspeed Venture Partners for crypto-exchange FTX, where she will lead a $2 billion venture capital fund. The fund, known as FTX Ventures, will focus on investing in projects that are operating in Web3, what some consider a new internet ecosystem. Wu will lead the fund but also gaming, mergers and acquisitions, and commercial initiatives for FTX. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Coinbase’s new $2 billion FTX fund crypto could be disbursed as soon as this year. The amount of money being invested in the crypto market is a bit too much compared to what we can see in terms of usable outcomes. The two major blockchains are established, and hardly new (Ethereum was thought up in 2013 and launched in 2015). *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; FTX has announced the launch of a $2 billion venture capital fund, FTX Ventures. The fund will focus on investing in teams building in Web3, covering a range of sectors, including social, gaming, fintech, software, and healthcare. It will be led by Amy Wu, a former partner at Lightspeed Venture Partners and Discovery, Inc. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Swiss-based financial institution SEBA Bank CEO Guido Buehler is optimistic about institutional adoption and a price increase to $75,000 per coin in 2022. The bank recently completed a Series C funding round of $119 million in which FTX and Alameda Research were investors. SEBA is building a reputation as a crypto-friendly banking institution. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Amazing team, low volume, low cap, and under appreciated, lots of fud, massive upside. Monero and Zcash are vulnerable to traffic analysis, and also too slow and bulky to use as real time cash. There are maybe some legitimate concerns around coin distribution tho I think those apply to many coins and they seem to be ramping up air drops etc. Not sure what other coin can do what mob does, plus they have a great user base in Signal. Very undervalued. Unfortunately only available on FTX and DEXs and nobody is selling much at these prices.
If you are just getting started with crypto , go with Coinbase or FTX. They aren’t scams and they are easy to use. Learn by doing in low dollar amounts and read everything to educate yourself . It isn’t easy and if anyone claims they have a get rich quick coin run the other way. DYOR - do your own research.
tldr; FTX has launched a $2 billion venture capital fund focused on backing teams building within the digital assets ecosystem. Amy Wu, most recently a partner at Lightspeed Venture Partners, joined FTX to lead ventures, gaming, M&A and commercial initiatives. The fund will invest broadly across crypto and Web3, Wu said. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; FTX has set up a $2 billion venture fund to invest in new and promising cryptocurrency projects. The new initiative, FTX Ventures, aims to allocate funds from $100,000 to hundreds of millions of dollars in certain blockchain and crypto projects. Amy Wu, formerly from Lightspeed Venture Partners, will spearhead the new initiative. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Interesting news: FTX just announced a $2bn venture fund, which will be headed by Amy Wu (of lightspeed venture partners). Amy Wu (and obviously SBF / FTX) are very pro-Solana, so even though the $2bn fund's investment mandate is broad, this feels SOL bullish
tldr; FTX is launching a new venture capital arm, FTX Ventures. The $2 billion fund will be led by Amy Wu, previously General Partner at Lightspeed Venture Partners. Wu will also lead FTX’s gaming business. The fund will focus on crypto and blockchain industry investments. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; FTX has set aside $2 billion for a new venture fund, FTX Ventures. The fund aims to "advance global blockchain and web3 adoption, with a broad investment mandate across social, gaming, fintech, software, and healthcare," FTX said. Former Lightspeed partner Amy Wu, who will lead the fund, said that the fund will make strategic, concentrated bets into companies in the crypto market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Exactly, altcoins can be worth looking at, if there is a promising business behind it, like being a top exchange for example (Binance, FTX). Blockchains can have their own business model too, but most are dogshit. There's no next Bitcoin, it's a digital commodity, not a business model. It's like comparing companies from stock market to Bitcoin. It's gonna take a much more time till people realise what the Bitcoin is and why altcoins should be compared to stocks and most won't even live up to that ability. Meanwhile we have to endure reading all the altcoin trolls including Elon Musk himself, because they think it's funny to spread misinformation and confuse public.
tldr; FTX CEO Sam Bankman-Fried has called out regulators to create a single framework for digital assets in the Asian Financial Forum, an event organized by Hong Kong's government to highlight new opportunities within the region's economic landscape. Instead of focusing on determining whether assets are securities, regulators must focus on consolidating the regulations and creating a rule book on crypto. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
This is the most epic REKT wallet ever.. First , transfers 5 ETH into the wallet from FTX, trades uniswap for some shitcoin that rugged immediately Then 10 days later, transfers 40 ETH from FTX, tries to trade for WTF and gets sandwiched, loses the whole sum $140,000 despite spending 1.5 ETH on the transaction as gas https://etherscan.io/address/0x8a2a205c4722d8c43f2d96800c7ed5b93f1a416a Dont be this guy
tldr; Crypto exchanges FTX US and Bitstamp USA want to offer stock trading products to their clientes, directly competing against Robinhood and eToro. It is unclear whether both platforms want to apply to become stock exchanges or brokers, however it is easier to be a broker than an exchange. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I'm saying that ETH was just first to establish a decentralized supercomputer... but at this point their performance is piss-poor apples4apples against ONE, ALGO, FTX... there's a good list I'm only talking bare metal performance... not based on number of fans or how rich someone thinks it can make them if they sell their bags. I'm talking actual raw performance
The CRO army is so strong. Lots of companies have done this stuff before but everyone acts like cdc is the first one to ever do something like this. As for marketing... they literally copied the FTX playbook: * Rename a stadium for a team Lebron James played for * Have a commercial filled with celebrities shilling the site I never understand the idea that CDC is like "finally a crypto company doing something like this*. You have to ignore so much stuff to reach this conclusion.
tldr; Cryptocurrency exchanges FTX US and Bitstamp are exploring offering equities trading in the US. The move would allow them to diversify while venturing into the territory of traditional financial firms and popular app providers such as Robinhood Markets. A launch could potentially come in “a couple months”, FTX President Brett Harrison said. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
i made an FTX account about 2 weeks ago using my parents information to complete KYC as i'm 17. i then tried to buy crypto with a debit card on MY name and it said my card was rejected. i contacted support about this and they said i cannot use a card thats on a different name than what was registered for KYC. no problem. however today i tried to log in on the FTX desktop site and it does not let me log in, i clicked reset password and it says an account with my email does not exist. i then went to check my mobile app and i have been logged out and its asking me to log in again. and i can't even contact support because i cannot log in to find out what is going on. any ideas or help? did FTX delete my account without telling me??
I have BTC spread out with FTX, Ledn, and Celsius to chase the yields. I have Eth primarily on Celsius. Matic has good yield through Celsius too. CRO would obv go to crypto.com. Sell the MANA. Crypto.com also has great yields on a lot of coins/tokens if you put in the initial CRO amount needed, which you may already have.
Nice bit about the Nigerian prince lmao... So I'm not sure I understand, the money is there but not the balance? This makes me think of how FTX displays stable coins where it wont show a total balance and pools them together (not literally, there is still a seperate wallet for each), but like actually groups USDC, with other stable coins without offering a balance like every other asset. I had some confusion regarding that myself when Intransfered USDC to FTX wallet... Probably doesnt help much, but have you tried to do a transaction with them, to test that they are indeed there? That's what I had to do on FTX. I put like 1 USDC over into Shib...
I suppose it really depends on what coins you have to stake/lend. Staking at high rates: I don't encourage anyone to buy a coin exclusively for the interest rate. Usually the higher rates also come with a large amount of unadvertised (and often hidden) rate of inflation. Ex: ATOM has a great rate of 14.62% APY via their DeFi wallet. However, inflation is at 8.83% which is a huge cut. Still, marginally better than any bank, but be forewarned that the rates aren't clear-cut. You'll see rates with shit coins upwards of 1000%, but then realize that with inflation that rate is really only 2%. Exchanges: Centralized exchanges always have the risk that the company just runs off with your money or takes your access away from you. (Think My God and the phrase "Not your keys, not your coins"). Liquidity is a big concern on exchanges as well. When it comes time to sell are they going to lock your account without your consent? If you go this route it is best to go for the larger, more established players with a good history, versus going for the highest interest possible. Also, consider diversifying your investments into multiple exchanges/wallets to mitigate some of the risks. Lending: Same earn potential as Staking, but you are letting a 3rd party lend you money out like a traditional bank would. BTC isn't avail for staking atm. Ethereum's best rate is around 6% unless you have 32 Eth and can run an active node. Lending from places like Haru and FTX can get you some attractive rewards. Haru offers 15% as a base and upwards of 25% if you stake for a longer contract. Here is a chart I made in Nov highlighting more rates: https://docs.google.com/spreadsheets/d/e/2PACX-1vSd3tS976QcBimj_Us5WTxn1Fy6rtVUxcEDak03EnaLWAh2DGcXsxacktfb3UQXKJ554wupioDC3Od4/pubhtml#
Always appreciate info on any development but I have some criticism for this article. First regulated exchange? I've got some interesting sites you may want to look at before you post this title (Crypto.com, Coinbase, Binance, FTX, Voyager, etc). The actual title ends "with tokenomics". Which is even more inaccurate. The exchange runs on the Binance smartchain. BNB offers 12%+ and a Blockchain chock full of tokenomics (BSC), CRO also. Voyager earns 7% interest just for holding. So does Nexus. Not sure what point the article is trying to make here as it offers nothing novel.
tldr; Ethair Market is the first marketplace that allows customers to use both fiat and cryptocurrencies for listing and purchasing items. With the integration of Stripe and FTX Pay, customers can use multiple currencies as payment options. Currently, Ethair is operating in the US and Canada and plans to expand to another 40 countries supported by Stripe. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
An alternative to Kraken? Sure. Any other good exchange. Maybe Gemini Active Trader, FTX, Coinbase Pro, etc. As for why you can't withdraw now, either you have a deposit waiting to clear or you haven't met the minimum withdrawal amount. You'll want to check the help pages to see what the deal is.
I'm not sure how their customer support is, but have you tried contacting FTX? They have your transaction history somewhere and should be able to provide it. I can't see them just deleting everything since they also need to report it to the appropriate tax entities.
In Bloomberg today: > I sometimes come across claims that crypto will somehow disintermediate finance, that the decentralization of crypto puts the power, and all of the economic benefits, of crypto in the hands of ordinary people and gets rid of the need for big middlemen like Citadel Securities. These claims are crazy. Look around! There are endless profiles of people who have become billionaires by starting crypto exchanges, trading platforms, market makers, derivatives businesses, etc. (Meanwhile I have never read a profile of someone who became a billionaire by using crypto to solve any problem other than trading more crypto but never mind!) Here’s one from two days ago about Changpeng Zhao of Binance, who’s worth $96 billion. Here’s a Forbes profile of Sam Bankman-Fried of FTX, “the world’s richest 29-year-old,” worth $15.2 billion (per Bloomberg). Here’s a profile of Coinbase CEO Brian Armstrong’s $133 million house; Bloomberg gives his net worth as $8.7 billion. Armstrong’s Coinbase co-founder Fred Ehrsam ($3 billion) is one of Paradigm’s founders. Here’s a profile of the two founders of OpenSea, the non-fungible-token trading platform, worth $2.2 billion each.