See More CryptosHome

FTX

FintruX Network

Show Trading View Graph

Mentions (24Hr)

60

-17.81% Today

Reddit Posts

FTX creditor list shows airlines, charities and tech firms caught in collapse

FTX Founder SBF Gave $400 Million To a Hidden Company Co-founded By His One-Time Lover

Lessons learnt in crypto

FTX Creditors Include Apple, Netflix and Coinbase, Court Documents Reveal - Decrypt

BlockFi Has $1.2 Billion Exposure to FTX, Report Claims

Is Aptos a legitimate investment?

Elizabeth Warren rallies crypto critics to defend the SEC's record post-FTX

Not Just FTX, Here Are 5 Other Crypto Firms That Filed For Bankruptcy In Recent Months

Doodles NFTs launching Doodles 2 to Flow blockchain

Three [SERIOUS] tips from an educational psychologist that might help you survive and thrive in the crypto market by becoming a more knowledgeable and skilled trader

Anthony Scaramucci Got $400k Back From $10M FTX Coin Investment

Tom Emmer Asks Why the SEC Didn’t Investigate FTX … After Demanding the SEC Stop Investigating FTX

How a Crypto Quant Firm Shook Off the Bear Market – And FTX Exposure

[SERIOUS] Looking at both sides of macros: 5 key macro economic factors that will help end the crypto winter, and 5 key macro economic factors that could push crypto lower.

Institutional Participation in Crypto Hit Record Low after FTX, but Data Indicates a Resurgence

Bankrupt crypto lender BlockFi accidentally reveals it had over $1.2 billion in assets tied up with FTX

May fortune favor you all, but maybe CEX no more

Uncensored BlockFi Financials Leaked, Nearly Half of All Assets Tied to FTX Group

The battle of NFT platforms

Paypal are scammers like the FTX bitcoin exchange

Uncensored BlockFi Financials Leaked, Nearly Half of All Assets Tied to FTX Group

Sam Trabucco, a Roxbury Latin and MIT grad, got rich trading crypto. Now he’s the odd man out in the FTX saga.

r/BitcoinSee Post

How do you feel general acceptance is coming along? With the price "down" and FTX news, a lot of the media and banks are back to the ole "Bitcoin's for internet drug dealers and NFT pump and dumps" but I'm signing up for a proctored exam at uni and I can pay in BTC.

BlockFi reportedly posts uncensored financials revealing $1.2 billion FTX exposure

Audius up about 37% Today. Any ideas why?

A 5-Pronged Approach to Sensible (US) Crypto Regulation After FTX

Coindesk who originally broke the story on the SBF scandal, is up for sale due to the contagion from the FTX collapse that triggered the troubled parent company of Coindesk; DCG group to start selling its assets.

The battle of NFT platforms

SBF's FTT Coin Surging as New CEO Predicts Resurrection of Bankrupt Crypto Exchange FTX

CZ alleges FTX paid $43M to news organization to publish Binance FUD

Exchange in the Middle

CZ alleges FTX paid $43M to news organization to publish Binance FUD

Thankfully, the recent rally has actually reduced the amount of futures leverage being done for BTC and ETH. As many got liquidated or straight up closed their position.

[SERIOUS] Pro arguments for regulation

Congress to Shape Crypto Regulation After FTX Collapse: Here’s What

r/BitcoinSee Post

Whats the main difference between hot vs cold wallet?

r/CryptoCurrencySee Post

Are we still early or not?

r/CryptoCurrencySee Post

FTX Co-Founder's $3.28 Million Washington D.C. Townhome Hits The Market As Feds Seize $700M In Assets

Crypos off the exchanges

Looking for Victims of the FTX collapse

Thank God! The recent rally has actually reduced the amount of futures leverage being done for BTC and ETH. As many got liquidated or straight up closed their position.

crypto portofolio tracking app.

Post-SBF Crypto-For-Good & ACTUAL Altruism

r/BitcoinSee Post

Interview with a money manager that lost money on FTX.

Binance might still collapse soon

r/CryptoMarketsSee Post

Diverse Data Sourcers are crucial for ensuring DeFi's security.

Ethereum: What do you envision the price action to be like around the Shanghai upgrade in March and how high can the price go during the next bull run (whenever that might be)?

r/CryptoCurrencySee Post

Interview with a money manager that lost money on FTX.

r/CryptoCurrencySee Post

Are you a purist or opportunist when it comes to BTC DCA?

r/BitcoinSee Post

Spike in use of self-custody wallets in the aftermath of FTX implosion

Why are the majority of top news media sites publishing negative articles regarding crypto?

r/BitcoinSee Post

FTX's SECRET Bank: This SBF Story Will BLOW Your Mind! [youtube]

r/CryptoCurrencySee Post

Nishad Singh, FTX's Former Director of Engineering, had 8% stake in FTX once worth $572 million, had set the world record for fastest 100-mile run by a 16 year old in 2012.

r/CryptoCurrencySee Post

Sam Trabucco, a Roxbury Latin and MIT grad, got rich trading crypto. Now he’s the odd man out in the FTX saga.

Who are the most hated scammers ever in the cryptocurrency industry?

Can we stop giving Jim Cramer so much attention? Like social media shillers, Cramer earns money by farming engagement and by getting retail to lose money on crypto (advocate buy high, sell low)

r/BitcoinSee Post

FTX's SECRET Bank: This SBF Story Will BLOW Your Mind!

Learning about crypto as a CPA? Other generic questions.

Stick to your strategy, do not falter

Very interesting VLOG about the connections between FTX, ALAMEDA, politicians, banks, etc.

How long do you think Bitcoin’s pump will last?

Nearly $700M seized by US from FTX founder Samuel Bankman-Fried: Officials

Debt Deflation Warnings, Shibarium Buzz Sees SHIB Rise, Former FTX US President Talks SBF, and More — Week in Review

r/CryptoCurrencySee Post

I have been away from this sub for over a year. What did I miss in the world of crypto?

r/CryptoCurrencySee Post

By the numbers, this may be your last chance to FOMO in and still profit

Former FTX US president raises $5M for new crypto software firm By Cointelegraph

r/BitcoinSee Post

I am "new" to bitcoin and a hodlr. Seeing the market do something past bearing exciting.

r/CryptoMarketsSee Post

Feds seize more than $600 million in assets from FTX founder Sam Bankman-Fried: Court filing

Do you believe Genesis? Is it another FTX?

r/CryptoCurrencySee Post

Feds seize more than $600 million in assets from FTX founder Sam Bankman-Fried: Court filing

r/CryptoCurrencySee Post

FTX lawyers accuse Sam Bankman-Fried of ‘assault by Twitter’

r/CryptoCurrencySee Post

Genesis files for bankruptcy, FTX explores a reboot, and Bitzlato...

Objections Raised Over Appointment of Sullivan & Cromwell as Debtors' Counsel for FTX

Bitcoin surpasses $23,000 as Bitcoin Exchange reserves keep recovering from FTX collapse, applying upward price pressure

FTX Banker Moonstone Is Shutting Down The Accounts Of Its Crypto Clients

r/BitcoinSee Post

I'm happy about BTC going up a lot but i'm also very cautious about FOMO

It's a shame that FTX turned out to be a fraud, because I really liked the features that platform had

Former FTX U.S. president announces successful funding round for his new crypto venture

New FTX CEO claims the bankrupt crypto exchange could reopen

FTX’s Venture Capital Backers Face ‘Serious Questions,’ CFTC Official Says

Feds seized nearly $700 million from FTX founder Bankman-Fried

The total market cap of crypto is above $1 trillion, is reclaiming the 200 week moving average, and has recovered all the losses since the FTX fall and then some

r/CryptoCurrencySee Post

FTX VCs liable to ‘serious questions’ around due diligence — CFTC Commissioner

r/CryptoCurrencySee Post

[SERIOUS] What are the chances of getting my money back from FTX?

FTX could be revived and brought back from the dead?

Bankrupt Crypto Exchange FTX Could Restart Operations, Says New CEO: Report - W3B Portfolio News

r/BitcoinSee Post

The FTX collapse happened in just 6 days - this is a detailed timeline

r/CryptoCurrencySee Post

Status overview of SOL, Solana market cap most affected by FTX collapse.

r/CryptoCurrencySee Post

U.S. Lays Claim to $700 Million of Assets Linked to Bankman-Fried, FTX

r/CryptoCurrencySee Post

Feds seize almost $700 million of FTX assets in Sam Bankman-Fried criminal case

Genesis Files for Bankruptcy as FTX Contagion Spreads

FTX Token : Don't Be The Exit Liquidity

SBF's FTT Coin Surging as New CEO Predicts Resurrection of Bankrupt Crypto Exchange FTX

Coinbase, Circle Back Former FTX US President’s New Crypto Venture

“More Meltdowns To Zeros” - Kevin O’Leary Warns, Expects More FTX-like Collapses

Scammers created FTX 2.0 token

r/BitcoinSee Post

Case Genesis in a nutshell

Alleged scammers send FTX 2.0 token from FTX wallets

Solana Blockchain SOL Token Doubles From FTX-Crash-Induced Lows, but Will It Continue to Rebound?

Former FTX US president raises $5M for new crypto software firm

Mentions

If feel like people overreacted to the correlation between FTX and Solana and reduced to project on it. From this perspective the recent price activity is understandable as it was absolutely oversold. But in retrospect you are always wiser. Personally I can’t really find a stand on it’s realistic value so I keep some healthy distance and keep watching from the sideline. Happy for the people that made good returns on it.

Mentions:#FTX

tldr; A list of the creditors owed money by the bankrupt cryptocurrency exchange FTX has been released, revealing a myriad of companies and government entities wrapped up in its collapse. The list includes airlines, hotels, charities, banks, venture capital firms, media outlets and crypto companies along with US and international government agencies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#FTX#DYOR

Really seems that everybody and their mom got hit by the FTX fiasco, there was some serious money involved and I hope Sam get's punished for his fraud.

Mentions:#FTX

Reminds me of Kevin O’Leary complaining that in the collapse he lost the $15 million he was paid to be an FTX spokesman

Mentions:#FTX

Almost everything out there that had exposure to Crypto unfortunately lost something in the FTX fiasco . The bad thing is they now associate Crypto to the fraud that was executed by SAM the fuckup . These investors should. DYOR before dumping there money for profits . SAM has been a real bad advertisement for Crypto lately . It'll take time but good things will be associated with it to and required regulations will clean the system if done properly.

Mentions:#FTX#SAM#DYOR

At this moment i somehow have an exposure to FTX . Scared

Mentions:#FTX

tldr; The FTX collapse makes it obvious why self-custody should be protected. The bill would prohibit any federal agency from implementing a rule that would impair a person’s ability to act as a self-Custodian, and thus their ability to conduct peer-to-peer transactions without the need for a third-party intermediary. FTX is the exact opposite of Bitcoin creator Satoshi Nakamoto's vision. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#FTX#DYOR

tldr; Crypto-versed lawyers will play an increasingly important role in Web3 firms, particularly after the implosion of FTX and the industry braces for regulatory turbulence, two legal academics believe. This is because they'll be faced with the tough task of helping firms navigate through legal and regulatory uncertainties. This will ultimately determine how fast firms can take their products to market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#FTX#DYOR

tldr; BlockFi has over $800 million in loans to Alameda Research and $416 million in assets connected to bankrupt exchange FTX, according to a leaked financial report. The report differs from the latest redacted version, but BlockFi claims it has always been transparent. Senator Elizabeth Warren called on Congress on January 25, 2023 to give crypto oversight agencies greater enforcement power. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#FTX#DYOR

tldr; Financial advisors for the bankrupt cryptocurrency exchange FTX have revealed the full list of the company’s institutional creditors in a court filing late Wednesday. The list does not include specific dollar amounts as to what each business in the creditor matrix is owed, nor specified information involving individual customers, over 9.6 million of which were redacted from the document. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#FTX#DYOR

Those bailouts are payed back. Bailout FTX? Gov would never see that money again.

Mentions:#FTX

Those scammers are murderers. Many scammed folks kill themselves, like after the FTX scandal.

Mentions:#FTX

No wonder CVS has been raising the price on my meds. They lost their crypto to FTX scam.

Mentions:#FTX

It's clear that she's been salivating over being able to use this event to push her agenda. A lot of people are clueless of the difference between Defi and Cefi and she will lump everything under the FTX is bad crypto is bad category. Which is ironic coming from someone owned by the banks.

Mentions:#FTX

Welp. I guess it will take 84 years before we finally leave FTX behind and move on.

Mentions:#FTX

I think I got 80 or 90. Much more than I was expecting. I was on FTX overload and didn't participate as much.

Mentions:#FTX

I'm torn... It's nice to see my investment go up, but I'm really sad that the FTX firesale is over :( That was some good DCAing every paycheck for awhile.

Mentions:#FTX

So Gensler is the right man to tackle crypto, because he failed to provide regulatory clarity for years, which allowed bad actors to get away with scams more easily, and didn't notice anything wrong with FTX despite meeting with SBF several times while FTX was pushing to get laws placed that would favor them in the US?

Mentions:#FTX

That whole personal connection, plus just how badly run FTX actually was really does make it easy to believe there's truth to the conspiracy theory that it was all intentionally done. Then there's all the "donations" SBF did in the last election, plus how softly the press has treated him...

Mentions:#FTX

FTX = Fake Trading Xchnage

Mentions:#FTX

Elizabeth Warren is a petty tyrant. It was the regulatory prohibitions aggressively touted by Warren that left people with no choices except shady offshore exchanges. FTX took no US customers and thus was not subject to US regulations. It attracted capital precisely because over-regulated US based ones couldn't offer the range of services it did. Unregulated, US-based exchanges like Coinbase would have been far safer than any offshore one. Coinbase tried to provide interest bearing accounts but the centralized regulatory gatekeeper, the SEC, issued a threat that forced it to cancel the service, and the result was that users were forced to go to less reputable parties like BlockFi, which in turned exposed depositors to FTX.

Mentions:#FTX

It was the prohibitions aggressively touted by Warren that left people with no choices except shady offshore exchanges. FTX took no US customers and thus was not subject to US regulations. It attracted capital precisely because over-regulated US based ones couldn't offer the range of services it did. Unregulated, US-based exchanges like Coinbase would have been far safer than any offshore one. Coinbase tried to provide interest bearing accounts but the centralized regulatory gatekeeper, the SEC, issued a threat that forced it to cancel the service, and the result was that users were forced to go to less reputable parties like BlockFi.

Mentions:#FTX

BlockFi’s initially said that Alameda’s loan was worth $671 million, with an additional $350 million of crypto assets on FTX that were frozen after the company filed for bankruptcy. Rallying crypto prices are likely responsible for the increase in the value of both amounts.

Mentions:#FTX

All bag holders wanting other to hold their worthless piles of trash…..What has changed since FTX unfolded? Really?

Mentions:#FTX

The overhang in the industry caused by 3AC/FTX/Others needs to be resolved, and macro conditions need to stabilize or improve before we start seeing *real* upswings imho

Mentions:#AC#FTX

Can't say for certain but what i do know is that FTX still has APT](https://twitter.com/adamscochran/status/1615448032325034026?s=20&t=Sif-TVbRVUGy4wjxGObqBA) . Hence why it could be interesting for them to see it rise. All in all, i'm just avoiding anything that has been touched by FTX/SBF/ALAMEDA

Mentions:#FTX#APT

She isn’t wrong. This is a time to be paying extra attention. A lot of important people and things are being exposed. Maybe the collapse of FTX will lead to a cleansing the crypto market needs, to get rid of the crooks like SBF. 🤞

Mentions:#FTX

Sounds like part of the problem is being impatient. Sometimes you need to move quickly, like knowing when to sell if there's a major issue, like selling Sol right at the start of the FTX crash would've been a pretty good move, then buying back when it was way down to something like $10 usd. But sometimes you just need patience, especially in a bear market imo, when there might not be a lot of price action. It's a time for accumulation, not looking for the next quick price pump. What I am trying to do is identify assets I believe will survive the bear market and have long term potential. I'm not too interested in taking quick profits now. I'll accumulate things I believe in and wait to sell when we're clearly in the next bull market and I'm hopefully way into profits. Doing short term trades is very difficult unless you are a really experienced trader (or ridiculously lucky). I think a lot of new people get too excited and try their hand at that and get wrecked because they don't know what they're doing lol. Recognize your own skill level, educate yourself as much as you can, and maybe focus more on long term investments, only playing with a small percentage of your portfolio if you just can't help yourself.

Mentions:#FTX

Not great, I was just about to accumulate and then the price shot up. Now I read all these bull posts attacking anyone who didn't buy the last dip after FTX (admittedly a great buy zone).

Mentions:#FTX

Do you know if there’s still ties? I thought I read somethings about a settled lawsuit in regards to FTX and Aptos

Mentions:#FTX

Have you heard of NVIDIA's new crypto graphics card? >!It’s the 4090 FTX!<

Mentions:#FTX

Korean exchange, 2nd biggest. Was the biggest back in 2018 but got hacked pretty bad and surpassed by Upbit, which is one of the biggest in the world now. I use Bithumb (my wife's account as foreigners aren't allowed to use local exchanges) and it's whatever. There was a rumour that FTX was going to buy it back before it's big oopsie, so it can't be in that great of shape if it's being shopped around to potential buyers.

Mentions:#FTX

She is just pissed their FTX money laundering campaign machine imploded.

Mentions:#FTX

WARREN BAD, CRYPTO GOOD. If anyone actually read the article, what she’s proposing, it’s cracking down on fraud by giving regulatory agencies more resources and examining cryptocurrency’s impact on the environment. These aren’t exactly controversial points considering many PoW things are massive uses of energy and the space is absolutely RIFE with projects that were either outright scams or took advantage of customers (FTX, LUNA, 3AC, voyager, Celsius, Nexo, etc.) However it’s much more easy to just regurgitate whatever nonsense gets upvotes around here.

Mentions:#FTX#LUNA#AC

I bought some after crash from FTX. Since sold most. Not holding this bag for long.

Mentions:#FTX

After all that's not true. It uses Tendermint and its consensus mechanism. BSC and ETH chains have nothing in common. Tendermint is inferior to ETH because is cannot scale and therefore decentralization and handing over control over the chain is not possible. Or in other words - BSC is not much different to a general ledger of a regular bank, just trying to give believers the illusion of being a crypto. But in opposition to a regular bank Binance is not regulated at all. They do with their customers money whatever they want. The same way FTX did. They are just a bit smarter to survive their recent money outflow. EVM is not a consensus mechanism but an API. One can execute transactions and smart contracts the same way as ETH, but the blockchain and it's blocks are entirely different. The same way as ETH1 was PoW and ETH2 is PoS. Same API different validation.

Just like hackers did with FTX when board eventually "misaccounted" 8 billions, I assume

Mentions:#FTX

She must’ve been all in with Mt Gox, Celcius, and FTX

Mentions:#FTX

Nothing changed, we are slowly recovering from all the FTX bullshit. 25k sounds about right.

Mentions:#FTX

In the end the biggest losers would be retail. I don't know how far reaching a crash would be though to be honest. El Salvador would be pissed, as would BitBoy. But most of the whales (I'm thinking corporations, hedge funds, etc.) would just lose a big bet, not more, not less. The FTX crash didn't really cause a big stir outside of our crypto bubble imo.

Mentions:#FTX

Imagine the absolute degenerate shitstorm that would have happened if they held their Bitcoin on FTX. I don't know how much they had and if it was enough to take down Tesla but im glad it didn't happen.

Mentions:#FTX

> the firm purchased $10 million worth of FTX Token (FTT) only to sell it for $9.6 million a short while later. Talk about dodging a bullet

Mentions:#FTX#FTT

> Ethereum price wiped out its losses from the FTX exchange collapse and made a comeback above the $1,600 level on January 20. This is incorrect. ETH is still currently valued at less than the pre-FTX collapse prices. It hasn’t wiped out the losses.

Mentions:#FTX#ETH

tldr; The SkyBridge Capital founder said he got "burned by Sam" after putting millions into the FTT token following a big investment by FTX. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#FTT#FTX#DYOR

tldr; In the wake of FTX's collapse, a new idea for regulating crypto has begun to take form: Let's regulate crypto like we regulate gambling. At its core, crypto consists of a bunch of programmable databases, which means they can host all sorts of applications – not just gambling applications. Regulating crypto as gambling isn't very helpful, and it'll take more nuance than throwing it all into the gambling category. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#FTX#DYOR

tldr; Crypto exchange FTX has filed for bankruptcy, becoming the fifth major crypto firm to do so after the collapse of Luna and TerraUSD. The Bahamas-based exchange had started the year with a $32 billion valuation, hired celebrities including Larry David and Tom Brady for flashy Super Bowl ads, and put its name on the home arena of the Miami Heat. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#FTX#DYOR

The main thing in my opinion is that we have reached a point where we likely have an understanding of the full impact of the FTX collapse. Talk of the collapse of other major exchanges has largely finished. It was always going to take some time for this to happen. We are just working towards the “pre-FTX” price, rather than this being some start of a bull run, in my opinion. But anything can happen in crypto. So who knows.

Mentions:#FTX

My name is Zoe and I'm an associate producer at XTR, an Oscar-nominated documentary production studio. We're currently working on a documentary about the FTX collapse. I'm reaching out to see if you would be interested in doing an interview? Best, Zoe Pratt XTR

Mentions:#XTR#FTX

#USDC Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the USDC Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > First published on: [30.09.2021](https://www.reddit.com/r/CryptoCurrency/comments/og2jo1/comment/hewg10a/?utm_source=share&utm_medium=web2x&context=3) > > Last edited on: 31.03.2021 > > # Intro > > USD Coin (USDC) is a digital dollar – a stablecoin pegged to US dollar. Stablecoins are a type of cryptocurrency with a value fixed to other assets (usually assets outside of the cryptocurrency space, e.g. fiat currencies, precious metals, etc.). Their main purposes are: 1) help investors escape the volatility of the cryptocurrency market and 2) allow investors to buy cryptocurrencies on exchanges that do not offer fiat deposits. USDC is currently the second largest stablecoin. ^(\[1\], \[2\], \[3\]) > > # Pros > > **It’s backed mostly by cash and cash equivalents** > > It must be admitted that Tether has improved its reserves a lot since their first report and their latest breakdown looks much better as USDT is now backed by cash and cash equivalents in around 85%, but USDC is still ahead as its **reserves are backed by cash and cash equivalents in 92%**. There are also many more questions in regards to the credibility of Tether’s reports. ^(\[4\], \[5\]) And USDC may soon leave Tether far behind as Circle, the company that issues and backs USDC, stated that it wants the reserves to consist only of cash, cash equivalents and U.S. Treasury bonds in the near future. ^(\[6\]) > > What the stablecoin reserves consist of is extremely important for liquidity. If a lot of people decided to cash out at the same time and there was no liquidity it could end in a disaster for the whole market. > > &#x200B; > > **It’s partnered with Coinbase, Visa and others** > > Circle has partnered with Coinbase and together they founded a consortium named Centre that governs USDC. Circle has also partnered with banking institutions, including Signature Bank and Visa. The companies that invested in Circle include **Goldman Sachs**, Digital Currency Group (**Grayscale** Investments), **Fidelity** and **FTX**. > > It is also worth mentioning that Circle wants to follow in the footsteps of their partners (Coinbase) and also become a publicly traded company, which would add even more credibility to USDC. ^(\[7\]) > > &#x200B; > > **It’s transparent** > > USDC is transparent in terms of its financial operations. It follows the US laws closely. It is also **audited by Grant Thornton, LLP every month** and monthly reports can be found on the [Centre Consortium’s website](https://www.centre.io/usdc-transparency). The reports, of course, include information on USDC reserves. > > &#x200B; > > **It’s growing rapidly** > > At the beginning of the year, USDT had a 5 times bigger market cap than USDC ($20B vs. $4B). In March2021, this difference is much smaller and USDC has almsot 2/3 of the USDT's amrket cap. One can argue that this difference is still significant but be aware that **between April 2021 and April 2022 market cap of USDC grew by 400% while Tether’s market cap grew by 100%.** > > Also, while USDT’s daily volume decreased, USDC’s volume is on a rise. > > &#x200B; > > **Coinsmart replaces Tether with USDC** > > On September 15, 2021, Coinsmart, Canadian cryptocurrency exchange, delisted USDT and adopted USDC instead ^(\[8\]). As regulators take a closer look at stablecoins, this trend might continue and **more entities might drop Tether in favor of a more transparent stablecoins.** > > &#x200B; > > **USDC is centralized. But is it so bad in the case of a stablecoin?** > > Those who criticize USDC and other centralized stablecoins often give the example of DAI which in their opinion is decentralized. There is no question about USDC being dependent on Centre, but it must be said that DAI, on the other hand, is heavily dependent on USDC - more than half of DAI is generated by USDC collateral and collateralizetion against Centre’s stablecoin is more than 25%. ^(\[10\]) > > Decentralization is essential for cryptocurrency. But so is replacing fiat. So, is decentralization that important in the case of a stablecoin anyway? > > \_\_\_\_\_\_\_\_\_\_\_ > > **^(Sources:)** > > ^(\[1\]) [^(https://f.hubspotusercontent30.net/hubfs/9304636/PDF/centre-whitepaper.pdf)](https://f.hubspotusercontent30.net/hubfs/9304636/PDF/centre-whitepaper.pdf) > > ^(\[2\]) [^(https://en.wikipedia.org/wiki/USD\\Coin)](https://en.wikipedia.org/wiki/USD\Coin) > > ^(\[3\]) [^(https://en.wikipedia.org/wiki/Stablecoin)](https://en.wikipedia.org/wiki/Stablecoin) > > ^(\[4\]) [^(https://www.centre.io/hubfs/pdfs/attestation/2021%20Circle%20Examination%20Report%20August%202021%20Final.pdf?hsLang=en)](https://www.centre.io/hubfs/pdfs/attestation/2021%20Circle%20Examination%20Report%20August%202021%20Final.pdf?hsLang=en) > > ^(\[5\]) [^(https://tether.to/wp-content/uploads/2021/08/tether\\assuranceconsolidated\_reserves\_report\_2021-06-30.pdf)](https://tether.to/wp-content/uploads/2021/08/tether\assuranceconsolidated_reserves_report_2021-06-30.pdf) > > ^(\[6\]) [^(https://www.cnbc.com/2021/08/23/crypto-usdc-stablecoin-to-change-reserves-composition.html)](https://www.cnbc.com/2021/08/23/crypto-usdc-stablecoin-to-change-reserves-composition.html) > > ^(\[7\]) [^(https://fortune.com/2021/05/28/crypto-startup-circle-fidelity-ftx-stablecoin-usdc-coinbase-funding-spac/)](https://fortune.com/2021/05/28/crypto-startup-circle-fidelity-ftx-stablecoin-usdc-coinbase-funding-spac/) > > ^(\[8\]) [^(https://nitter.net/CoinSmart/status/1433472681626722309)](https://twitter.com/CoinSmart/status/1433472681626722309) > > ^(\[9\]) [^(https://www.coinsmart.com/blog/what-is-usdc/)](https://www.coinsmart.com/blog/what-is-usdc/) > > ^(\[10\]) [^(https://daistats.com/#/)](https://daistats.com/#/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mln/top_10_usd_coin_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_USD_Coin) to find arguments on this topic in other rounds.

Yep, this comments section is a cesspool jumping onto the “anti Warren” bandwagon without even reading what she has said. Protections to help investors from getting screwed over by another FTX or Celsius.

Mentions:#FTX

She's talking about FTX and the crypto exchanges that took big risks by storing their assets with them. I tend to agree. Too much money and trust was placed in the Bahamas orgy crew.

Mentions:#FTX

I generally am not a fan of conspiracy theories but I have to admit that FTX fucked up so hard that its almost difficult to imagine how that was not intentional. Also so weird that Michael Lewis, the writer of popular novels like The Big Short, was following Sam Bankman-Fried for months already when the fall of FTX happened.

Mentions:#FTX

Is bitvavo that big to the global crypto economy? I get FTX was worldwide, but how big is this in comparison?

Mentions:#FTX

Thanks to this sub warning about SBF and FTX saved a friend of mine. I warned him, he withdrew and few hours later they stopped withdrawals.

Mentions:#FTX

BTC will retain dominance. It is the only guaranteed commodity and the only one the largest institutions are interested in. If there is some nebulous future commodity asset that will overtake BTC, it doesn't exist yet. All others you can currently invest into will inevitable be deemed securities, and most of those won't survive the registration process after that. And will crash almost immediately once deemed as such. Using BTC as at least the long-term store for now, for the vast majority of your portfolio is necessary, until after regulation guts most of the space and you can see what survives or springs anew. The gamble space won't last forever and can't sustain itself continuously. FTX sped up the regulation hammer as well. We might have 1 more half cycle before that happens. If someone is thinking ONE, SAND or CRO are good 10 year holds... as if they will still be around in any way, that is a little wishful and delusional in its thinking.

I was also down bad like everyone, but aggressively bought the recent dip after FTX collapsed and now I'm up about .27%

Mentions:#FTX

FTX 4 Life

Mentions:#FTX

That’s true, it would be much easier just to store it at FTX.

Mentions:#FTX

The price of a coin is what the last coin sold for. When you put a coin up for sale it goes into an order book of all coins for sale on that exchange. When you 'market buy' a coin you're filling one of those existing sell orders.. A 'limit buy' is creating a new order for a seller to fill. If you 'market buy' when BTC is $20,000 and no one in the order book is selling theirs for that much, it will fill the next order instead say at $20,001 and you'll have paid $1 in the 'market spread'. In a perfectly liquid asset your 'market buys' would always execute at the live price. Since crypto is notoriously *illiquid* any 'market buys' will eat *into* the order book, which is why using 'limit buys' is always good practice. That means if you market buy 10 BTC at $20,000 and there are sell orders for 10 BTC at $20,001 that's the price your trade will execute at. But if there are only sell orders for *1* BTC at $20,001, then no orders until a 100 BTC wall is for sale at $25,000, you'll get hit with $5K in spread trying to buy 10 BTC, and you'll also increase the price by $5K by doing so. Then next time someone buys 10 BTC they are still only 90% through that big sell wall so the price wouldn't move at all. Eventually someone will break past that wall, and there might not be another 100 BTC wall until $30,000, so that last person buying 10 BTC might push the price up by another $5000 even though the last *ten* people couldn't. Realistically people see the price jumped 5K and start selling, adding liquidity to the order book, so it will be harder to increase the price with all those new extra orders to fill between 25-30. Except people usually sell at round numbers and at predictable resistance lines, so outside of those that rule isn't very strict. We've had vertical lines from one resistance to the other many times before. The same thing happens if there's no one buying - you can try and market sell yours at $25K but if the next order is $20K you'll fill that order instead, and BTC will lose $5000 from your one trade even if it took 1000s of trades to get it up there the first time. Liquidity is everything in crypto. FTX has something like $700M in SOL still, but by trying to sell even 1% of them they'll eat through every market order all the way to $0 making the price of SOL $0, so it's not the same as having $700M. Some coins are so illiquid you can't trade $1000 without impacting the price +/- 50%. I hope that explains it better than what I said originally! We aren't quite at that point even regarding BTC that the order book spread is minimal, so whales or institutions are turned away knowing they won't be able to sell or buy without huge impact. Liquidity begets more liquidity as they say. The more liquidity there is the more stable the price becomes.

Mentions:#BTC#FTX#SOL

#USDC Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the USDC Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > First published on: [30.09.2021](https://www.reddit.com/r/CryptoCurrency/comments/og2jo1/comment/hewg10a/?utm_source=share&utm_medium=web2x&context=3) > > Last edited on: 31.03.2021 > > # Intro > > USD Coin (USDC) is a digital dollar – a stablecoin pegged to US dollar. Stablecoins are a type of cryptocurrency with a value fixed to other assets (usually assets outside of the cryptocurrency space, e.g. fiat currencies, precious metals, etc.). Their main purposes are: 1) help investors escape the volatility of the cryptocurrency market and 2) allow investors to buy cryptocurrencies on exchanges that do not offer fiat deposits. USDC is currently the second largest stablecoin. ^(\[1\], \[2\], \[3\]) > > # Pros > > **It’s backed mostly by cash and cash equivalents** > > It must be admitted that Tether has improved its reserves a lot since their first report and their latest breakdown looks much better as USDT is now backed by cash and cash equivalents in around 85%, but USDC is still ahead as its **reserves are backed by cash and cash equivalents in 92%**. There are also many more questions in regards to the credibility of Tether’s reports. ^(\[4\], \[5\]) And USDC may soon leave Tether far behind as Circle, the company that issues and backs USDC, stated that it wants the reserves to consist only of cash, cash equivalents and U.S. Treasury bonds in the near future. ^(\[6\]) > > What the stablecoin reserves consist of is extremely important for liquidity. If a lot of people decided to cash out at the same time and there was no liquidity it could end in a disaster for the whole market. > > &#x200B; > > **It’s partnered with Coinbase, Visa and others** > > Circle has partnered with Coinbase and together they founded a consortium named Centre that governs USDC. Circle has also partnered with banking institutions, including Signature Bank and Visa. The companies that invested in Circle include **Goldman Sachs**, Digital Currency Group (**Grayscale** Investments), **Fidelity** and **FTX**. > > It is also worth mentioning that Circle wants to follow in the footsteps of their partners (Coinbase) and also become a publicly traded company, which would add even more credibility to USDC. ^(\[7\]) > > &#x200B; > > **It’s transparent** > > USDC is transparent in terms of its financial operations. It follows the US laws closely. It is also **audited by Grant Thornton, LLP every month** and monthly reports can be found on the [Centre Consortium’s website](https://www.centre.io/usdc-transparency). The reports, of course, include information on USDC reserves. > > &#x200B; > > **It’s growing rapidly** > > At the beginning of the year, USDT had a 5 times bigger market cap than USDC ($20B vs. $4B). In March2021, this difference is much smaller and USDC has almsot 2/3 of the USDT's amrket cap. One can argue that this difference is still significant but be aware that **between April 2021 and April 2022 market cap of USDC grew by 400% while Tether’s market cap grew by 100%.** > > Also, while USDT’s daily volume decreased, USDC’s volume is on a rise. > > &#x200B; > > **Coinsmart replaces Tether with USDC** > > On September 15, 2021, Coinsmart, Canadian cryptocurrency exchange, delisted USDT and adopted USDC instead ^(\[8\]). As regulators take a closer look at stablecoins, this trend might continue and **more entities might drop Tether in favor of a more transparent stablecoins.** > > &#x200B; > > **USDC is centralized. But is it so bad in the case of a stablecoin?** > > Those who criticize USDC and other centralized stablecoins often give the example of DAI which in their opinion is decentralized. There is no question about USDC being dependent on Centre, but it must be said that DAI, on the other hand, is heavily dependent on USDC - more than half of DAI is generated by USDC collateral and collateralizetion against Centre’s stablecoin is more than 25%. ^(\[10\]) > > Decentralization is essential for cryptocurrency. But so is replacing fiat. So, is decentralization that important in the case of a stablecoin anyway? > > \_\_\_\_\_\_\_\_\_\_\_ > > **^(Sources:)** > > ^(\[1\]) [^(https://f.hubspotusercontent30.net/hubfs/9304636/PDF/centre-whitepaper.pdf)](https://f.hubspotusercontent30.net/hubfs/9304636/PDF/centre-whitepaper.pdf) > > ^(\[2\]) [^(https://en.wikipedia.org/wiki/USD\\Coin)](https://en.wikipedia.org/wiki/USD\Coin) > > ^(\[3\]) [^(https://en.wikipedia.org/wiki/Stablecoin)](https://en.wikipedia.org/wiki/Stablecoin) > > ^(\[4\]) [^(https://www.centre.io/hubfs/pdfs/attestation/2021%20Circle%20Examination%20Report%20August%202021%20Final.pdf?hsLang=en)](https://www.centre.io/hubfs/pdfs/attestation/2021%20Circle%20Examination%20Report%20August%202021%20Final.pdf?hsLang=en) > > ^(\[5\]) [^(https://tether.to/wp-content/uploads/2021/08/tether\\assuranceconsolidated\_reserves\_report\_2021-06-30.pdf)](https://tether.to/wp-content/uploads/2021/08/tether\assuranceconsolidated_reserves_report_2021-06-30.pdf) > > ^(\[6\]) [^(https://www.cnbc.com/2021/08/23/crypto-usdc-stablecoin-to-change-reserves-composition.html)](https://www.cnbc.com/2021/08/23/crypto-usdc-stablecoin-to-change-reserves-composition.html) > > ^(\[7\]) [^(https://fortune.com/2021/05/28/crypto-startup-circle-fidelity-ftx-stablecoin-usdc-coinbase-funding-spac/)](https://fortune.com/2021/05/28/crypto-startup-circle-fidelity-ftx-stablecoin-usdc-coinbase-funding-spac/) > > ^(\[8\]) [^(https://nitter.net/CoinSmart/status/1433472681626722309)](https://twitter.com/CoinSmart/status/1433472681626722309) > > ^(\[9\]) [^(https://www.coinsmart.com/blog/what-is-usdc/)](https://www.coinsmart.com/blog/what-is-usdc/) > > ^(\[10\]) [^(https://daistats.com/#/)](https://daistats.com/#/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mln/top_10_usd_coin_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_USD_Coin) to find arguments on this topic in other rounds.

Those trades are by their users. You can't trade with these funds, anyway. Sure, CZ can do some trading with his own funds, but probably elsewhere. Otherwise, you trade against your customers. Something that FTX accused.

Mentions:#FTX

If they had good and deterministic tech, then large electronic market makers would have liked trading there. But they also would have had to post, and subsequently lose lots of capital. I understand no one around these parts sympathizes with the utility that hft firms provide, but I personally can understand they might have been a bit gun shy after FTX losses. And then they slowly come back after re-thinking risk controls.

Mentions:#FTX

“A recent CoinDesk report showed that a jaw-dropping one in three members of Congress received donations from FTX-related entities alone.” FFS who wasn’t effected by ftx

Mentions:#FTX#FFS

Hey Binance, can you please put a little distance between you and the collapse of FTX.before doing dumb stuff with people’s money? Lol. Thank you.

Mentions:#FTX

Good, let them speak and shed more lights on FTX. Get SBF to jail asap, the earlier the better.

Mentions:#FTX

People owed money by Alameda/FTX are going to be telling all the insider information.

Mentions:#FTX

The leak came from M3 Partners, which is a firm made up of people owed money by Alameda. So you're probably right in this being intentional. https://i.imgur.com/wasbRRC.png The leak highlights that BlockFi underreported its exposure to Alameda/FTX by over $200 million.

Mentions:#FTX

I do. Think about their staking programs and their quarterly burns. It's to me no doubt that BNB while being a bad coin is a good investment. The only thing in my point of view that could bring BNB down is if Binance goes the FTX way

Mentions:#BNB#FTX

I see your point but I don’t really think the FTX token correlates straight with the beginning of the bull market. I think there where just some people pumping the price and enough fools FOMO’ing in as always. It’s sad so many people haven’t learned in the last year.

Mentions:#FTX

tldr; Prosecutors seized just under $50 million belonging to FTX founder Sam Bankman-Fried held in Farmington State Bank. The bank specialized in agricultural loans to farmers and had only three employees when SBF deposited this amount. It also didn't offer online banking services or credit cards and had a net worth of $5. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#FTX#DYOR

>But when Gemini Earn fucks off with a couple of grand, I'm out on the street as far as the government is concered. Not sure where you live but in my country, I will be able to claim my lost coins from FTX as a capital loss. That is according to my accountant. This is in Canada. I would imagine if you speak to a CPA, he would probably advise you the same.

Mentions:#FTX

LUNA 2.0 and FTX 2.0 vibes.

Mentions:#LUNA#FTX

If I remember right, FTX has 100 million BIT ($46.6 million), so I wouldn't keep it.

Mentions:#FTX#BIT

tldr; Crypto Bitcoin futures open interest at the Chicago Mercantile Exchange (CME) has surged to near all-time highs at 21%. This indicates growing institutional participation in BTC futures. Bitcoin futures contracts have started trading at a premium to the spot market, the first time this has happened since the fall of FTX. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#BTC#FTX#DYOR

FTX was like a plague. It infected so many other crypto spaces.

Mentions:#FTX

The patterns are not the same each time, but you cant deny the similarities. Barring black swan, wider societal events or a big scam like FTX being outed I can see the bullrun being quite similar to the last few, maybe some extra whale games this time where everyone is trying to outtrade the others. It still seems a bit too soon though, like I want it to keep going upwards but if I woke up tomorrow with 18k btc or 25k btc I wouldnt be surprised in the slightest.

Mentions:#FTX

Sent from BlockFi to my inbox on November 22: [https://imgur.com/a/ZZutTve](https://imgur.com/a/ZZutTve) *"The rumors that a majority of BlockFi assets are custodied at FTX are false."* Outright lying to their customers.

Mentions:#FTX

I put like $10 or $20 a week into BNB. My thoughts are that with FTX and other major competitors out of the way, Binance is guaranteed to keep growing and remain a top company. In the USA Coinbase is its only real huge competitor and in ten years I expect it to get even more centralized. Since Coinbase only has a stock but no centralized crypto coin, the only centralized token is BNB, which is mostly just a bet on the company

Mentions:#BNB#FTX

This is how it should be. Banks and exchanges should be required to hold a euro of their own capital for every euro they hold in crypto. This is a good way to avoid FTX cases.

Mentions:#FTX

This whole FTX situation is such a mess, there're gonna be tons of bomb documentaries in a few years about it.

Mentions:#FTX

I like how the accident is revealing that they were tied up in FTX lol. Not actually doing it, just letting people know

Mentions:#FTX