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PSA To Everyone Whose Banks Won't Allow Them Access To Crypto

DeSo is Elon Musk and Jack Dorsey's Answer for Decentralized Social Blockchain

Putin gives Snowden citizenship, Interpol elicits help in Do Kwon search and FTX US buys Voyager: Hodler’s Digest, Sept. 25-Oct. 1

FTX Scoops Up Bankrupt Crypto Broker Voyager at Discount Price of $51,000,000: Report - The Daily Hodl

FTX’s Sam Bankman-Fried Was Interested In Joining Elon Musk To Buy Twitter, Bombshell Texts Reveal

FTX is paying $51 million in cash for Voyager assets, court records show

r/CryptoCurrencySee Post

FTX: Could GameStop's Crypto Partner Acquire Robinhood?

r/CryptoCurrencySee Post

How I Find Profitable Coins to Trade (works for Any Exchange)

FTX's Sam Bankman-Fried Was 'Potentially Interested' in Buying Twitter with Elon Musk, Texts Claim

Voyager files proposed order to facilitate FTX sales process

FTX CEO Describes Do Kwon’s Ability To Shitpost While Wanted By Interpol As ‘Wild'

Which exchanges let you drag/drop limit and stop losses?

President of FTX U.S Brett Harrison Division Steps Down

Where can I get stable Euro?

r/CryptoCurrencySee Post

FTX US President Steps Down Joining a Growing List of Departing Crypto Leaders

FTX wings auction for Voyager's assets

r/CryptoMarketsSee Post

FTX Eying Celsius Immediately After Winning the Voyager Bid

r/CryptoMarketsSee Post

FTX reportedly considers bailing out Celsius via asset bid

Today starts the main Web3 conference in New York. The mai personalities of crypto will be speakers. Here is who:

Today starts the main Web 3 conference at New York with the most important people in crypto being speakers. Here is what you need to know.

FTX's Bankman-Fried Considering to Bid on Celsius' Assets

After Voyager’s Success, FTX Sets Its Eyes on Celsius Network’s Assets

Sources Say FTX Is Keen on Acquiring the Assets of Celsius Networks

r/CryptoCurrencySee Post

Celsius CEO Alex Mashinsky resigns, and FTX buys Voyager’s assets for $1.4 billion

r/CryptoCurrencySee Post

FTX US President Brett Harrison Steps Down

r/CryptoCurrencySee Post

FTX CEO Sam Bankman-Fried Says He’s Optimistic About Crypto Markets Over the Next Few Years

FTX Pays $1.4 Billion To Get Voyager’s Crypto, Customers

Crypto Exchange FTX to Buy Bankrupt Voyager

Crypto Exchange FTX’s President Brett Harrison Stepping Down

Crypto exchange FTX is replacing its U.S. president

Brett Harrison, FTX President, is stepping down and moving into advisory role at the company

Crypto Exchange FTX Wins Bid to Buy Out Bankrupt Voyager for $1.4B

FTX US wins auction for Voyager digital assets

FTX Wins Bid To Buy Voyager’s Assets For $1.4 Billion

With the News of FTX Buying Voyager - I’m going to share with you the Billion +$ Heist SBF just pulled off at your expense

Update From Voyager

FTX US wins auction for Voyager Digital’s assets

r/CryptoCurrencySee Post

Bankrupt crypto lender Voyager to sell assets to Sam Bankman-Fried's FTX for $1.4 billion

r/CryptoCurrencySee Post

FTX to acquire assets of bankrupt Voyager Digital with US$1.422 billion bid

r/CryptoCurrencySee Post

Crypto exchange FTX to acquire bankrupt Voyager's assets

Crypto Exchange FTX Wins Bid to Buy Out Bankrupt Voyager for $1.4B

FTX US Wins Voyager Digital Asset Auction for $1.4B - Blockworks

FTX Will Acquire Bankrupt Voyager Digital Assets for $1.4 Billion

FTX wins auction for bankrupt crypto lender Voyager

Crypto exchange FTX to acquire bankrupt Voyager's assets

FTX Wins Bid to Buy Voyager Digital's Assets

FTX buys Voyager!

Voyager Completes Successful Auction and Announces Agreement for FTX to Acquire Its Assets

FTX buys Voyager

FTX buys Voyager

Crypto Exchange FTX Wins Bankrupt Firm Voyager’s Assets

Super Bowl Ad this year??

Kwil Receives $9.6M in Funding from FTX Ventures and DCG

r/BitcoinSee Post

Is it legal to trade on FTX using someone else’s id?

Is it legal to trade on FTX using someone else’s id?

Talking about market headwinds? - U.S. Department of Defense taps intelligence firm to evaluate crypto threat to national security! As if SEC was not enough!

'Managing gas is not available through the app'

How FTX Stock Exchange Can Dominate the Market! And Beat Charles Schwab EDX Exchange!

FTX Ventures, DCG Back $9.6M Funding for Decentralized Database Solution Kwil

r/CryptoCurrencySee Post

At current valuation of roughly $32 billion, FTX is in talks to raise up to $1 billion

FTX in talks with investors to raise $1B for further acquisitions: Reports

r/CryptoCurrencySee Post

Sam Bankman-Fried’s FTX Asking Backers for $1B

r/CryptoCurrencySee Post

Crypto Exchange FTX in Discussions for Up to $1B Capital Raise at $32B Valuation: Report

r/CryptoCurrencySee Post

FTX has their fingers in everything

r/CryptoCurrencySee Post

FTX in talks to raise up to $1 billion at valuation of about $32 billion

r/CryptoCurrencySee Post

Binance and FTX Lead $50M Race to Purchase Voyager's Assets

r/CryptoCurrencySee Post

Vulcan Forge raises $8 million from SkyBridge and FTX

r/CryptoCurrencySee Post

Crypto Exchanges Binance and FTX Have Both Bid Roughly $50M for Voyager’s Assets: Report

r/CryptoCurrencySee Post

Bitcoin Stock Drops To A 3-Month Low

r/CryptoCurrencySee Post

Binance, FTX make top bids for bankrupt crypto lender Voyager, reports WSJ

r/CryptoCurrencySee Post

Binance, FTX make bids for bankrupt cryptocurrency lender Voyager

r/CryptoCurrencySee Post

Alameda's bitcoin-denominated loans from Voyager coincide with every major dump in the last few months

r/CryptoCurrencySee Post

Crypto Exchanges Binance and FTX Have Both Bid Roughly $50M for Voyager’s Assets: Report

r/CryptoCurrencySee Post

Binance and FTX Make Top Bids for Bankrupt Lender Voyager

r/CryptoCurrencySee Post

FTX CEO Sam Bankman-Fried Says Regulation Could Prevent Next Crypto Contagion

r/CryptoCurrencySee Post

Cunning Bankman-Fried and FTX May Have Been Court-Ordered To Return 200M to Themselves And Probably Profited Off Themselves Too

r/CryptoMarketsSee Post

Ripple and SEC transfer to settle lawsuit, FTX not approved to function in UK

r/CryptoCurrencySee Post

Alameda to Repay $200M in Bitcoin and Ethereum to Bankrupt Crypto Broker Voyager

r/CryptoCurrencySee Post

UK regulator says FTX has no authorization to operate in the country

r/CryptoCurrencySee Post

Transfer of coins.

r/CryptoCurrencySee Post

British regulator lists FTX crypto exchange as 'unauthorized' firm

r/CryptoCurrencySee Post

Crypto Exchange FTX Not Authorized in UK, Financial Watchdog Warns

British regulator lists FTX crypto exchange as 'unauthorized' firm

r/CryptoCurrencySee Post

UK Financial Regulator Issues Consumer Warning Against FTX - Decrypt

r/CryptoCurrencySee Post

UK financial watchdog issues warning against crypto exchange FTX

r/CryptoCurrencySee Post

FTX CEO Sam Bankman-Fried Says Firm Still Has $1,000,000,000 in Cash Left To Deploy for Acquisitions - The Daily Hodl

r/CryptoCurrencySee Post

Best Centralized Crypto Exchange - what’s your choice?

r/CryptoCurrencySee Post

Thank you, FTX!

r/CryptoCurrencySee Post

We need to tax the distributed moons to give people some ETH to tip

r/CryptoCurrencySee Post

UK Regulator Warns Crypto Exchange FTX Is Providing Services Without Authorization

r/CryptoCurrencySee Post

Crypto exchange FTX obtains European investment firm license

r/CryptoCurrencySee Post

FTX To Buy Crypto Lender Voyager Digital’s Assets

r/CryptoCurrencySee Post

Best Platform(s) to “Day-trade” Cryptocurrencies for Income? (US)

r/CryptoMoonShotsSee Post

BodaV2 adding more Utilities to its Ecosystem! | New Non-KYC Fiat to Crypto On-ramp Backed by MoonPay, Wyre, Mercuryo, XanoPool & More | Certik Audited | 19% Busd Rewards| Long Term Project | Yield Farm & NFT Marketplace Coming 2022

r/CryptoCurrencySee Post

How to add ETH PoW (ETHW) to Metamask to access the airdropped ETH PoW

r/CryptoCurrencySee Post

How to add ETH PoW (ETHW) to Metamask to access the airpropped ETH PoW

r/CryptoCurrencySee Post

Voyager auction finally coming to a close? FTX, Binance and Wave Financial making bids.

r/CryptoCurrencySee Post

FTX Bids Highest on Buying Voyager's Assets Out of Bankruptcy

Mentions

FTX has the best fee structure imo.

Mentions:#FTX

Some rumors of FTX trying to get into the stock market. Wouldn’t be surprised if FTX buys their platform and absorb some of the user base

Mentions:#FTX

#Solana Pro-Arguments Below is an argument written by samuelshix which won 1st place in the Solana Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Enter the Solanaverse > In July we saw Solana moon from $24 to $197 in September, bringing it all the way from the backwaters of mid cap territory to the highly coveted Top 10 of cryptocurrencies. Why? On a fundamental basis, Solana shines when it comes to its **technology** and its **ecosystem**, the two most important aspects when evaluating the value of a network. Its website claims to have solved the Trilemma of scale, security, and decentralization, which we'll also dive in here. > > ## Background > The Ethereum network has become extremely congested due to the explosion of DeFi activity on the blockchain. It's failure to scale to meet this activity has allowed the space to be filled by more scalable layer 1 solutions like Binance Smart Chain. But BSC still leaves a lot to be desired because of its centralization. This is where Solana comes in, a Proof of Stake layer-1 blockchain that has witnessed an explosion in interest because of its extremely fast speeds and low transaction costs, in addition to its relative decentralization. It now has over 350 projects built and counting, with one of the most active developer communities in the space. > > ## The Trilemma > Like many other protocols, Solana uses PoS to validate transactions, but what is unique to Solana is it use of Proof of History. In order to reach consensus on the network, validators use time to agree on the legitimacy of a transaction. This allows Solana to have fast and scalable transactions without sacrificing decentralization. There are other novel solutions that Solana introduces such as the first parallel smart contracts run-time (Sealevel), and Turbine, which is inspired by BitTorrent to allow Solana to help quickly "propagate large amounts of data to a large number of peers." These and five other innovations, which you can view yourself with a quick google search, allow Solana to have extremely low transaction costs and sub-second transaction times. It reached 50,000 Transactions per second on its testnet, and was able to prove its speed for the year or so that it's been live with 2000-3000 TPS, much faster than most others. This speed scales with internet speeds, so this will be even faster in the future, especially in conjunction with SpaceX's Starlink constellation providing unparalleled internet speeds in the future, which could theoretically lead to a 710k TPS based on a speed of just 1 Gigabyte/Second. > > ### Counterpoints to decentralization and security > Lets start with decentralization. Many may point out that Solana isn't very decentralized, with 19 validators controlling 33% of the network. This is true. But Solana is still a lot better than competitors with similar speeds, like BSC, and as Solana expands with more validators, it will become more and more decentralized. Someone earlier posted a concern about Solana's centralization, but they mentioned 11 validators controlling 33% of the network, we've improved markedly since then. > > Onto security. That 400k TPS attack we saw which shut down Solana's network for under a day is a huge problem. I agree, but I want to say that number one: problems like these are essential for the growth of the network as it reveals crucial problems to be solved; number two: Solana's hugely active development community will inevitably solve this security flaw and are working on it right now; and three, this is what the cost of fast development looks like. Cardano uses Peer Reviewed papers to inform its development, but that has caused development to be extremely slow. Solana development was much quicker, allowing it's Defi space to have longer to grow and mature. > > ## Community > As mentioned earlier there are 350 projects built on Solana, one of the fastest growing communities in the space with a large number of active developers. > > There is a growing interest in NFT videogames in the cryptocurrency space, with evidence that this segment will be the "next big thing" to happen to crypto, so to speak. There are a multitude of highly ambitious, highly anticipated games being developed on all kinds of networks, but I believe Solana provides the best environment for this. It's cheap, lightening fast transaction times are necessary and critical for a smooth, quick gaming experience. > > The Solana ecosystem is backed by SBF Alameda, a high profile cryptocurrency figure and founder of FTX, one of the fastest growing exchanges in the world. The credibility of the man itself would be enough for many to hop on the SOL train. > > ## Sources > https://medium.com/solana-labs/turbine-solanas-block-propagation-protocol-solves-the-scalability-trilemma-2ddba46a51db ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz2swt/rcc_cointest_top_10_solana_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds.

Mentions:#FTX#SOL

Is someone using Blockfolio (FTX) to track the price of the Moons? It always shows a wrong price to me :\\

Mentions:#FTX

I believe that they will be compensated by being made a major part of the Central Bank Digital Currency rollout in the US. A subsidiary of the ~~behemoth~~ end of level boss, that is FTX.

Mentions:#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. > > ​ > > **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. ^(\[7\]) > > ​ > > **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. > > ​ > > **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. > > ​ > > **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.** > > ​ > > **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.

#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. > > ​ > > **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. ^(\[7\]) > > ​ > > **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. > > ​ > > **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. > > ​ > > **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.** > > ​ > > **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.

> According to a new report by CNBC, FTX won the auction to purchase Voyager after placing a **$1.42 billion** bid, though the digital asset exchange will pay **just $51 million in cash** for the assets, intellectual property and user base of the crypto lending platform.

Mentions:#FTX

#Solana Pro-Arguments Below is an argument written by samuelshix which won 1st place in the Solana Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Enter the Solanaverse > In July we saw Solana moon from $24 to $197 in September, bringing it all the way from the backwaters of mid cap territory to the highly coveted Top 10 of cryptocurrencies. Why? On a fundamental basis, Solana shines when it comes to its **technology** and its **ecosystem**, the two most important aspects when evaluating the value of a network. Its website claims to have solved the Trilemma of scale, security, and decentralization, which we'll also dive in here. > > ## Background > The Ethereum network has become extremely congested due to the explosion of DeFi activity on the blockchain. It's failure to scale to meet this activity has allowed the space to be filled by more scalable layer 1 solutions like Binance Smart Chain. But BSC still leaves a lot to be desired because of its centralization. This is where Solana comes in, a Proof of Stake layer-1 blockchain that has witnessed an explosion in interest because of its extremely fast speeds and low transaction costs, in addition to its relative decentralization. It now has over 350 projects built and counting, with one of the most active developer communities in the space. > > ## The Trilemma > Like many other protocols, Solana uses PoS to validate transactions, but what is unique to Solana is it use of Proof of History. In order to reach consensus on the network, validators use time to agree on the legitimacy of a transaction. This allows Solana to have fast and scalable transactions without sacrificing decentralization. There are other novel solutions that Solana introduces such as the first parallel smart contracts run-time (Sealevel), and Turbine, which is inspired by BitTorrent to allow Solana to help quickly "propagate large amounts of data to a large number of peers." These and five other innovations, which you can view yourself with a quick google search, allow Solana to have extremely low transaction costs and sub-second transaction times. It reached 50,000 Transactions per second on its testnet, and was able to prove its speed for the year or so that it's been live with 2000-3000 TPS, much faster than most others. This speed scales with internet speeds, so this will be even faster in the future, especially in conjunction with SpaceX's Starlink constellation providing unparalleled internet speeds in the future, which could theoretically lead to a 710k TPS based on a speed of just 1 Gigabyte/Second. > > ### Counterpoints to decentralization and security > Lets start with decentralization. Many may point out that Solana isn't very decentralized, with 19 validators controlling 33% of the network. This is true. But Solana is still a lot better than competitors with similar speeds, like BSC, and as Solana expands with more validators, it will become more and more decentralized. Someone earlier posted a concern about Solana's centralization, but they mentioned 11 validators controlling 33% of the network, we've improved markedly since then. > > Onto security. That 400k TPS attack we saw which shut down Solana's network for under a day is a huge problem. I agree, but I want to say that number one: problems like these are essential for the growth of the network as it reveals crucial problems to be solved; number two: Solana's hugely active development community will inevitably solve this security flaw and are working on it right now; and three, this is what the cost of fast development looks like. Cardano uses Peer Reviewed papers to inform its development, but that has caused development to be extremely slow. Solana development was much quicker, allowing it's Defi space to have longer to grow and mature. > > ## Community > As mentioned earlier there are 350 projects built on Solana, one of the fastest growing communities in the space with a large number of active developers. > > There is a growing interest in NFT videogames in the cryptocurrency space, with evidence that this segment will be the "next big thing" to happen to crypto, so to speak. There are a multitude of highly ambitious, highly anticipated games being developed on all kinds of networks, but I believe Solana provides the best environment for this. It's cheap, lightening fast transaction times are necessary and critical for a smooth, quick gaming experience. > > The Solana ecosystem is backed by SBF Alameda, a high profile cryptocurrency figure and founder of FTX, one of the fastest growing exchanges in the world. The credibility of the man itself would be enough for many to hop on the SOL train. > > ## Sources > https://medium.com/solana-labs/turbine-solanas-block-propagation-protocol-solves-the-scalability-trilemma-2ddba46a51db ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz2swt/rcc_cointest_top_10_solana_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds.

Mentions:#FTX#SOL

>Sam Bankman-Fried, Founder of FTX crypto exchange, also had a conversation about buying Twitter or creating a blockchain-based social network. Well, not quite. He said things but Musk ghosted him according to the texts revelead during discovery.

Mentions:#FTX

I can say staking stables on FTX is working ok so far. i'm not gaining much but I'm not losing anything either.

Mentions:#FTX

Never even heard of wirex. Why did you not use an exchange that is well known and reputable? Binance, Kraken, FTX, Gemini, Coinbase come to mind. How popular is Wirex where you are from?

Mentions:#FTX

I’m in Europe and FTX has tokenised stocks. Here’s how it looks like: https://imgur.com/a/WFyPv2Z

Mentions:#FTX

#Solana Pro-Arguments Below is an argument written by samuelshix which won 1st place in the Solana Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Enter the Solanaverse > In July we saw Solana moon from $24 to $197 in September, bringing it all the way from the backwaters of mid cap territory to the highly coveted Top 10 of cryptocurrencies. Why? On a fundamental basis, Solana shines when it comes to its **technology** and its **ecosystem**, the two most important aspects when evaluating the value of a network. Its website claims to have solved the Trilemma of scale, security, and decentralization, which we'll also dive in here. > > ## Background > The Ethereum network has become extremely congested due to the explosion of DeFi activity on the blockchain. It's failure to scale to meet this activity has allowed the space to be filled by more scalable layer 1 solutions like Binance Smart Chain. But BSC still leaves a lot to be desired because of its centralization. This is where Solana comes in, a Proof of Stake layer-1 blockchain that has witnessed an explosion in interest because of its extremely fast speeds and low transaction costs, in addition to its relative decentralization. It now has over 350 projects built and counting, with one of the most active developer communities in the space. > > ## The Trilemma > Like many other protocols, Solana uses PoS to validate transactions, but what is unique to Solana is it use of Proof of History. In order to reach consensus on the network, validators use time to agree on the legitimacy of a transaction. This allows Solana to have fast and scalable transactions without sacrificing decentralization. There are other novel solutions that Solana introduces such as the first parallel smart contracts run-time (Sealevel), and Turbine, which is inspired by BitTorrent to allow Solana to help quickly "propagate large amounts of data to a large number of peers." These and five other innovations, which you can view yourself with a quick google search, allow Solana to have extremely low transaction costs and sub-second transaction times. It reached 50,000 Transactions per second on its testnet, and was able to prove its speed for the year or so that it's been live with 2000-3000 TPS, much faster than most others. This speed scales with internet speeds, so this will be even faster in the future, especially in conjunction with SpaceX's Starlink constellation providing unparalleled internet speeds in the future, which could theoretically lead to a 710k TPS based on a speed of just 1 Gigabyte/Second. > > ### Counterpoints to decentralization and security > Lets start with decentralization. Many may point out that Solana isn't very decentralized, with 19 validators controlling 33% of the network. This is true. But Solana is still a lot better than competitors with similar speeds, like BSC, and as Solana expands with more validators, it will become more and more decentralized. Someone earlier posted a concern about Solana's centralization, but they mentioned 11 validators controlling 33% of the network, we've improved markedly since then. > > Onto security. That 400k TPS attack we saw which shut down Solana's network for under a day is a huge problem. I agree, but I want to say that number one: problems like these are essential for the growth of the network as it reveals crucial problems to be solved; number two: Solana's hugely active development community will inevitably solve this security flaw and are working on it right now; and three, this is what the cost of fast development looks like. Cardano uses Peer Reviewed papers to inform its development, but that has caused development to be extremely slow. Solana development was much quicker, allowing it's Defi space to have longer to grow and mature. > > ## Community > As mentioned earlier there are 350 projects built on Solana, one of the fastest growing communities in the space with a large number of active developers. > > There is a growing interest in NFT videogames in the cryptocurrency space, with evidence that this segment will be the "next big thing" to happen to crypto, so to speak. There are a multitude of highly ambitious, highly anticipated games being developed on all kinds of networks, but I believe Solana provides the best environment for this. It's cheap, lightening fast transaction times are necessary and critical for a smooth, quick gaming experience. > > The Solana ecosystem is backed by SBF Alameda, a high profile cryptocurrency figure and founder of FTX, one of the fastest growing exchanges in the world. The credibility of the man itself would be enough for many to hop on the SOL train. > > ## Sources > https://medium.com/solana-labs/turbine-solanas-block-propagation-protocol-solves-the-scalability-trilemma-2ddba46a51db ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz2swt/rcc_cointest_top_10_solana_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds.

Mentions:#FTX#SOL

Blockfi, Binance, Kraken, probably FTX and Coinbase

Mentions:#FTX

Interesting I use it and didn’t download regular FTX but apparently it is the US one as there is quite a limited selection of coins.

Mentions:#FTX

SBF, Alameda, and FTX are a cancerous mole across all crypto. Solana is just the ugliest dark spot in the melanoma.

Mentions:#FTX

SBF and FTX are literally carrying this ckin into the top 10. It has nothing to do with Solana's netowrk quality or features. SOL wasnt even that popular before FTX jumped into the picture. In the crypto space success comes mainly as a result of solid marketing and backing campaign.

Mentions:#FTX#SOL

> "FTX does not allow residents of the United States of America to trade on its platform." [Kinda confusing right](https://help.ftx.com/hc/en-us/articles/360056976411-Jurisdiction-regulations-licensing-and-practices#:~:text=United%20States%3A,the%20United%20States%20of%20America.) as if looks like there's FTX US so I don't know what they're doing or whether if the products are the same as the main platform.

Mentions:#FTX

#Solana Pro-Arguments Below is an argument written by samuelshix which won 1st place in the Solana Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Enter the Solanaverse > In July we saw Solana moon from $24 to $197 in September, bringing it all the way from the backwaters of mid cap territory to the highly coveted Top 10 of cryptocurrencies. Why? On a fundamental basis, Solana shines when it comes to its **technology** and its **ecosystem**, the two most important aspects when evaluating the value of a network. Its website claims to have solved the Trilemma of scale, security, and decentralization, which we'll also dive in here. > > ## Background > The Ethereum network has become extremely congested due to the explosion of DeFi activity on the blockchain. It's failure to scale to meet this activity has allowed the space to be filled by more scalable layer 1 solutions like Binance Smart Chain. But BSC still leaves a lot to be desired because of its centralization. This is where Solana comes in, a Proof of Stake layer-1 blockchain that has witnessed an explosion in interest because of its extremely fast speeds and low transaction costs, in addition to its relative decentralization. It now has over 350 projects built and counting, with one of the most active developer communities in the space. > > ## The Trilemma > Like many other protocols, Solana uses PoS to validate transactions, but what is unique to Solana is it use of Proof of History. In order to reach consensus on the network, validators use time to agree on the legitimacy of a transaction. This allows Solana to have fast and scalable transactions without sacrificing decentralization. There are other novel solutions that Solana introduces such as the first parallel smart contracts run-time (Sealevel), and Turbine, which is inspired by BitTorrent to allow Solana to help quickly "propagate large amounts of data to a large number of peers." These and five other innovations, which you can view yourself with a quick google search, allow Solana to have extremely low transaction costs and sub-second transaction times. It reached 50,000 Transactions per second on its testnet, and was able to prove its speed for the year or so that it's been live with 2000-3000 TPS, much faster than most others. This speed scales with internet speeds, so this will be even faster in the future, especially in conjunction with SpaceX's Starlink constellation providing unparalleled internet speeds in the future, which could theoretically lead to a 710k TPS based on a speed of just 1 Gigabyte/Second. > > ### Counterpoints to decentralization and security > Lets start with decentralization. Many may point out that Solana isn't very decentralized, with 19 validators controlling 33% of the network. This is true. But Solana is still a lot better than competitors with similar speeds, like BSC, and as Solana expands with more validators, it will become more and more decentralized. Someone earlier posted a concern about Solana's centralization, but they mentioned 11 validators controlling 33% of the network, we've improved markedly since then. > > Onto security. That 400k TPS attack we saw which shut down Solana's network for under a day is a huge problem. I agree, but I want to say that number one: problems like these are essential for the growth of the network as it reveals crucial problems to be solved; number two: Solana's hugely active development community will inevitably solve this security flaw and are working on it right now; and three, this is what the cost of fast development looks like. Cardano uses Peer Reviewed papers to inform its development, but that has caused development to be extremely slow. Solana development was much quicker, allowing it's Defi space to have longer to grow and mature. > > ## Community > As mentioned earlier there are 350 projects built on Solana, one of the fastest growing communities in the space with a large number of active developers. > > There is a growing interest in NFT videogames in the cryptocurrency space, with evidence that this segment will be the "next big thing" to happen to crypto, so to speak. There are a multitude of highly ambitious, highly anticipated games being developed on all kinds of networks, but I believe Solana provides the best environment for this. It's cheap, lightening fast transaction times are necessary and critical for a smooth, quick gaming experience. > > The Solana ecosystem is backed by SBF Alameda, a high profile cryptocurrency figure and founder of FTX, one of the fastest growing exchanges in the world. The credibility of the man itself would be enough for many to hop on the SOL train. > > ## Sources > https://medium.com/solana-labs/turbine-solanas-block-propagation-protocol-solves-the-scalability-trilemma-2ddba46a51db ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz2swt/rcc_cointest_top_10_solana_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds.

Mentions:#FTX#SOL

Wait what? FTX is definitely available in the US

Mentions:#FTX

The type I'm thinking of is tokens issued directly by the company. 1 token being 1 share in the business rather than be some type of derivative which is what I'm guessing FTX stock tokens are. It's also worth noting that FTX is not available in the uS>

Mentions:#FTX

tldr; Crypto exchange giant FTX is reportedly acquiring troubled crypto broker Voyager Digital at a discounted price after placing a bid to acquire the firm earlier this week. FTX, headed by billionaire CEO Sam Bankman-Fried, beat out Binance, the world's largest crypto exchange platform by volume, in a bidding war to scoop up the bankrupt crypto firm. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#FTX#DYOR

Did anyone get a notification about LRC being above $1 from FTX???

Mentions:#LRC#FTX

FTX has a bunch of them right? I think it should be on the lookout

Mentions:#FTX

Binance, FTX, Kraken, Coinbase. I don‘t trust Crypto.com anymore.

Mentions:#FTX

I only trust Binance. They are huge and doing very well financially. Also not overspending on ads like Coinbase and FTX.

Mentions:#FTX

I think this institutional manipulation is already happening for quite some time, ever since futures trading was a thing and particularly futures ETFs. FTX and Binance are doing this a lot too.

Mentions:#FTX

If you’re using FTX or any other CEX, take your crypto out of there and put it in your cold wallet or hot wallet - but preferably cold wallet

Mentions:#FTX#CEX

Sam Bankman-Fried still going for the monopoly strategy of buying everything that his dice throws land him on. Its working for him. But just how much SBF / FTX own is scary. How did he buy something for 51 million though if Voyager is "valued at about $1.3 billion"

Mentions:#FTX

FTX getting too big in my opinion.

Mentions:#FTX

#Solana Pro-Arguments Below is an argument written by samuelshix which won 1st place in the Solana Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Enter the Solanaverse > In July we saw Solana moon from $24 to $197 in September, bringing it all the way from the backwaters of mid cap territory to the highly coveted Top 10 of cryptocurrencies. Why? On a fundamental basis, Solana shines when it comes to its **technology** and its **ecosystem**, the two most important aspects when evaluating the value of a network. Its website claims to have solved the Trilemma of scale, security, and decentralization, which we'll also dive in here. > > ## Background > The Ethereum network has become extremely congested due to the explosion of DeFi activity on the blockchain. It's failure to scale to meet this activity has allowed the space to be filled by more scalable layer 1 solutions like Binance Smart Chain. But BSC still leaves a lot to be desired because of its centralization. This is where Solana comes in, a Proof of Stake layer-1 blockchain that has witnessed an explosion in interest because of its extremely fast speeds and low transaction costs, in addition to its relative decentralization. It now has over 350 projects built and counting, with one of the most active developer communities in the space. > > ## The Trilemma > Like many other protocols, Solana uses PoS to validate transactions, but what is unique to Solana is it use of Proof of History. In order to reach consensus on the network, validators use time to agree on the legitimacy of a transaction. This allows Solana to have fast and scalable transactions without sacrificing decentralization. There are other novel solutions that Solana introduces such as the first parallel smart contracts run-time (Sealevel), and Turbine, which is inspired by BitTorrent to allow Solana to help quickly "propagate large amounts of data to a large number of peers." These and five other innovations, which you can view yourself with a quick google search, allow Solana to have extremely low transaction costs and sub-second transaction times. It reached 50,000 Transactions per second on its testnet, and was able to prove its speed for the year or so that it's been live with 2000-3000 TPS, much faster than most others. This speed scales with internet speeds, so this will be even faster in the future, especially in conjunction with SpaceX's Starlink constellation providing unparalleled internet speeds in the future, which could theoretically lead to a 710k TPS based on a speed of just 1 Gigabyte/Second. > > ### Counterpoints to decentralization and security > Lets start with decentralization. Many may point out that Solana isn't very decentralized, with 19 validators controlling 33% of the network. This is true. But Solana is still a lot better than competitors with similar speeds, like BSC, and as Solana expands with more validators, it will become more and more decentralized. Someone earlier posted a concern about Solana's centralization, but they mentioned 11 validators controlling 33% of the network, we've improved markedly since then. > > Onto security. That 400k TPS attack we saw which shut down Solana's network for under a day is a huge problem. I agree, but I want to say that number one: problems like these are essential for the growth of the network as it reveals crucial problems to be solved; number two: Solana's hugely active development community will inevitably solve this security flaw and are working on it right now; and three, this is what the cost of fast development looks like. Cardano uses Peer Reviewed papers to inform its development, but that has caused development to be extremely slow. Solana development was much quicker, allowing it's Defi space to have longer to grow and mature. > > ## Community > As mentioned earlier there are 350 projects built on Solana, one of the fastest growing communities in the space with a large number of active developers. > > There is a growing interest in NFT videogames in the cryptocurrency space, with evidence that this segment will be the "next big thing" to happen to crypto, so to speak. There are a multitude of highly ambitious, highly anticipated games being developed on all kinds of networks, but I believe Solana provides the best environment for this. It's cheap, lightening fast transaction times are necessary and critical for a smooth, quick gaming experience. > > The Solana ecosystem is backed by SBF Alameda, a high profile cryptocurrency figure and founder of FTX, one of the fastest growing exchanges in the world. The credibility of the man itself would be enough for many to hop on the SOL train. > > ## Sources > https://medium.com/solana-labs/turbine-solanas-block-propagation-protocol-solves-the-scalability-trilemma-2ddba46a51db ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz2swt/rcc_cointest_top_10_solana_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds.

Mentions:#FTX#SOL

That seem to be play here as long as FTX , Binance and others dont go bankrupt

Mentions:#FTX

The risk is that the arrangements between Celsius, FTX, the liquidator and regulators are secret, until after your funds have been seized. Why ask questions which have secret answers? It's easy to withdraw to a personal wallet

Mentions:#FTX

#Solana Pro-Arguments Below is an argument written by samuelshix which won 1st place in the Solana Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Enter the Solanaverse > In July we saw Solana moon from $24 to $197 in September, bringing it all the way from the backwaters of mid cap territory to the highly coveted Top 10 of cryptocurrencies. Why? On a fundamental basis, Solana shines when it comes to its **technology** and its **ecosystem**, the two most important aspects when evaluating the value of a network. Its website claims to have solved the Trilemma of scale, security, and decentralization, which we'll also dive in here. > > ## Background > The Ethereum network has become extremely congested due to the explosion of DeFi activity on the blockchain. It's failure to scale to meet this activity has allowed the space to be filled by more scalable layer 1 solutions like Binance Smart Chain. But BSC still leaves a lot to be desired because of its centralization. This is where Solana comes in, a Proof of Stake layer-1 blockchain that has witnessed an explosion in interest because of its extremely fast speeds and low transaction costs, in addition to its relative decentralization. It now has over 350 projects built and counting, with one of the most active developer communities in the space. > > ## The Trilemma > Like many other protocols, Solana uses PoS to validate transactions, but what is unique to Solana is it use of Proof of History. In order to reach consensus on the network, validators use time to agree on the legitimacy of a transaction. This allows Solana to have fast and scalable transactions without sacrificing decentralization. There are other novel solutions that Solana introduces such as the first parallel smart contracts run-time (Sealevel), and Turbine, which is inspired by BitTorrent to allow Solana to help quickly "propagate large amounts of data to a large number of peers." These and five other innovations, which you can view yourself with a quick google search, allow Solana to have extremely low transaction costs and sub-second transaction times. It reached 50,000 Transactions per second on its testnet, and was able to prove its speed for the year or so that it's been live with 2000-3000 TPS, much faster than most others. This speed scales with internet speeds, so this will be even faster in the future, especially in conjunction with SpaceX's Starlink constellation providing unparalleled internet speeds in the future, which could theoretically lead to a 710k TPS based on a speed of just 1 Gigabyte/Second. > > ### Counterpoints to decentralization and security > Lets start with decentralization. Many may point out that Solana isn't very decentralized, with 19 validators controlling 33% of the network. This is true. But Solana is still a lot better than competitors with similar speeds, like BSC, and as Solana expands with more validators, it will become more and more decentralized. Someone earlier posted a concern about Solana's centralization, but they mentioned 11 validators controlling 33% of the network, we've improved markedly since then. > > Onto security. That 400k TPS attack we saw which shut down Solana's network for under a day is a huge problem. I agree, but I want to say that number one: problems like these are essential for the growth of the network as it reveals crucial problems to be solved; number two: Solana's hugely active development community will inevitably solve this security flaw and are working on it right now; and three, this is what the cost of fast development looks like. Cardano uses Peer Reviewed papers to inform its development, but that has caused development to be extremely slow. Solana development was much quicker, allowing it's Defi space to have longer to grow and mature. > > ## Community > As mentioned earlier there are 350 projects built on Solana, one of the fastest growing communities in the space with a large number of active developers. > > There is a growing interest in NFT videogames in the cryptocurrency space, with evidence that this segment will be the "next big thing" to happen to crypto, so to speak. There are a multitude of highly ambitious, highly anticipated games being developed on all kinds of networks, but I believe Solana provides the best environment for this. It's cheap, lightening fast transaction times are necessary and critical for a smooth, quick gaming experience. > > The Solana ecosystem is backed by SBF Alameda, a high profile cryptocurrency figure and founder of FTX, one of the fastest growing exchanges in the world. The credibility of the man itself would be enough for many to hop on the SOL train. > > ## Sources > https://medium.com/solana-labs/turbine-solanas-block-propagation-protocol-solves-the-scalability-trilemma-2ddba46a51db ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz2swt/rcc_cointest_top_10_solana_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds.

Mentions:#FTX#SOL

This was in the email sent by voyager just fyi: What is FTX US’s bid? This bid, valued at approximately $1.422 billion, is comprised of (i) the fair market value of all Voyager cryptocurrency at a to-be-determined date in the future, which at current market prices is estimated to be $1.311 billion, plus (ii) additional consideration which is estimated as providing approximately $111 million of incremental value.

Mentions:#FTX

Brace for incoming excuses. VCs and FTX gunna just double down.

Mentions:#FTX

If it weren’t for FTX I don’t think it would be too 10 — SBF might move into something else to push

Mentions:#FTX

#Solana Pro-Arguments Below is an argument written by samuelshix which won 1st place in the Solana Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Enter the Solanaverse > In July we saw Solana moon from $24 to $197 in September, bringing it all the way from the backwaters of mid cap territory to the highly coveted Top 10 of cryptocurrencies. Why? On a fundamental basis, Solana shines when it comes to its **technology** and its **ecosystem**, the two most important aspects when evaluating the value of a network. Its website claims to have solved the Trilemma of scale, security, and decentralization, which we'll also dive in here. > > ## Background > The Ethereum network has become extremely congested due to the explosion of DeFi activity on the blockchain. It's failure to scale to meet this activity has allowed the space to be filled by more scalable layer 1 solutions like Binance Smart Chain. But BSC still leaves a lot to be desired because of its centralization. This is where Solana comes in, a Proof of Stake layer-1 blockchain that has witnessed an explosion in interest because of its extremely fast speeds and low transaction costs, in addition to its relative decentralization. It now has over 350 projects built and counting, with one of the most active developer communities in the space. > > ## The Trilemma > Like many other protocols, Solana uses PoS to validate transactions, but what is unique to Solana is it use of Proof of History. In order to reach consensus on the network, validators use time to agree on the legitimacy of a transaction. This allows Solana to have fast and scalable transactions without sacrificing decentralization. There are other novel solutions that Solana introduces such as the first parallel smart contracts run-time (Sealevel), and Turbine, which is inspired by BitTorrent to allow Solana to help quickly "propagate large amounts of data to a large number of peers." These and five other innovations, which you can view yourself with a quick google search, allow Solana to have extremely low transaction costs and sub-second transaction times. It reached 50,000 Transactions per second on its testnet, and was able to prove its speed for the year or so that it's been live with 2000-3000 TPS, much faster than most others. This speed scales with internet speeds, so this will be even faster in the future, especially in conjunction with SpaceX's Starlink constellation providing unparalleled internet speeds in the future, which could theoretically lead to a 710k TPS based on a speed of just 1 Gigabyte/Second. > > ### Counterpoints to decentralization and security > Lets start with decentralization. Many may point out that Solana isn't very decentralized, with 19 validators controlling 33% of the network. This is true. But Solana is still a lot better than competitors with similar speeds, like BSC, and as Solana expands with more validators, it will become more and more decentralized. Someone earlier posted a concern about Solana's centralization, but they mentioned 11 validators controlling 33% of the network, we've improved markedly since then. > > Onto security. That 400k TPS attack we saw which shut down Solana's network for under a day is a huge problem. I agree, but I want to say that number one: problems like these are essential for the growth of the network as it reveals crucial problems to be solved; number two: Solana's hugely active development community will inevitably solve this security flaw and are working on it right now; and three, this is what the cost of fast development looks like. Cardano uses Peer Reviewed papers to inform its development, but that has caused development to be extremely slow. Solana development was much quicker, allowing it's Defi space to have longer to grow and mature. > > ## Community > As mentioned earlier there are 350 projects built on Solana, one of the fastest growing communities in the space with a large number of active developers. > > There is a growing interest in NFT videogames in the cryptocurrency space, with evidence that this segment will be the "next big thing" to happen to crypto, so to speak. There are a multitude of highly ambitious, highly anticipated games being developed on all kinds of networks, but I believe Solana provides the best environment for this. It's cheap, lightening fast transaction times are necessary and critical for a smooth, quick gaming experience. > > The Solana ecosystem is backed by SBF Alameda, a high profile cryptocurrency figure and founder of FTX, one of the fastest growing exchanges in the world. The credibility of the man itself would be enough for many to hop on the SOL train. > > ## Sources > https://medium.com/solana-labs/turbine-solanas-block-propagation-protocol-solves-the-scalability-trilemma-2ddba46a51db ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz2swt/rcc_cointest_top_10_solana_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds.

Mentions:#FTX#SOL

tldr; FTX has won a "highly competitive auction" for Voyager Digital's assets. The crypto exchange bid a total of $1.42 billion for the bankrupt lender's crypto holdings. Customers will be able to trade and store cryptocurrency on FTX once the Chapter 11 case has concluded. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#FTX#DYOR

It's ETH on Arbitrum NOVA. You can get it on FTX, use [novafaucet.com](https://novafaucet.com) (if it has any free) or you can bridge ETH to Arbitrum Nova.

Mentions:#ETH#NOVA#FTX

Why would FTX want voyager? What’s the benefit for them to spend over a billion for it?

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I never tried it but I guess FTX also have copy trading options. I think FTX is more trustworthy than those you listed

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tldr; FTX CEO Sam Bankman-Fried believes innovation in the use of blockchain technology could lead to a stronger cryptocurrency market in the coming years. He also believes regulatory clarity will bring in a tidal wave of capital from institutional investors. "Regulatory clarity I think is coming in this space. I think that's going to be huge," he added. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#FTX#DYOR

tldr; Brett Harrison, President of the US subsidiary of major cryptocurrency exchange FTX, is stepping down from his leadership position but will continue to act as an advisor for the company. Harrison's resignation comes on the heels of reports that FTX won the auction to acquire Voyager's digital assets valued at over $1 billion. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#FTX#DYOR

I got some too. But still don’t have FTX Pay in Reddit app. Perhaps this function isn’t online yet?? Everything I read seems to point to it being available by now.

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Thanks for all the ideas FTX accuqiring voyagers assets is big news for sure.

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Of course! I would also recommend covering the FTX acquisition of Voyager's assets, and good ole' Mashitstain stepping down from being CEO of Celsius.

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Voyager bought by FTX so unlikely Celsius will now, 2 companies that were touted as the go to place when CDC started cutting the crypto cards rewards. It can be a cruel world, especially when you’re chasing that extra percentage point for rewards.

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Lol I definitely read ‘FTX President is replacing US President’ … and I wasn’t surprised with how much he’s already taken over

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Look up how FTX manipulated ICPs price on launch, and you’ll get your answer

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I'm in the US. I used [koinly.io](https://koinly.io). they have interfaces and it's kind of a pain to setup; but i was able to offset some of the exorbitant gains that FTX Reported (but they were WRONG\_) with losses elsewhere. this spits out a report and it's essentially just reporting profits and losses.

Mentions:#FTX

F my recent comment has been deleted. Here you go: Go to the avatar trading sub (just search for it, can't link) and there's a Tutorial to sell your NFT. You'll need gas fees (ETH on Arbitrum Nova). 1) ETH on Binance can be sent via Arbitrum One network to your wallet. You can then bridge it to Arbitrum One using Orbiter (cheapest solution). 2) Buy directly on FTX 3) Try the Arbitrum Nova Faucet (google) but it was dry yesterday

Mentions:#ETH#FTX

For all the sh— they take. Crypto.com is pretty good. If crypto.com, FTX and Coinbase can’t onboard all the newbies the next 5-10 years then crypto is doomed. Mainstreamers are not using the sketch sites for trading.

Mentions:#FTX

* Kraken CEO stepped down * Celsius CEO stepped down * FTX (US) President stepped down * Alameda (co-)CEO stepped down * Microstrategy CEO stepped down * G2 CEO stepped down Why are so many CEOs stepping down?

Mentions:#FTX

PaxG thru FTX is the way to go. 8% interest in PAXG. Trade 1 PAXG for 1 ounce of gold when you hit 1 coin. Federally recognized as a bank, can’t beat it.

Mentions:#FTX#PAXG

#Solana Pro-Arguments Below is an argument written by samuelshix which won 1st place in the Solana Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Enter the Solanaverse > In July we saw Solana moon from $24 to $197 in September, bringing it all the way from the backwaters of mid cap territory to the highly coveted Top 10 of cryptocurrencies. Why? On a fundamental basis, Solana shines when it comes to its **technology** and its **ecosystem**, the two most important aspects when evaluating the value of a network. Its website claims to have solved the Trilemma of scale, security, and decentralization, which we'll also dive in here. > > ## Background > The Ethereum network has become extremely congested due to the explosion of DeFi activity on the blockchain. It's failure to scale to meet this activity has allowed the space to be filled by more scalable layer 1 solutions like Binance Smart Chain. But BSC still leaves a lot to be desired because of its centralization. This is where Solana comes in, a Proof of Stake layer-1 blockchain that has witnessed an explosion in interest because of its extremely fast speeds and low transaction costs, in addition to its relative decentralization. It now has over 350 projects built and counting, with one of the most active developer communities in the space. > > ## The Trilemma > Like many other protocols, Solana uses PoS to validate transactions, but what is unique to Solana is it use of Proof of History. In order to reach consensus on the network, validators use time to agree on the legitimacy of a transaction. This allows Solana to have fast and scalable transactions without sacrificing decentralization. There are other novel solutions that Solana introduces such as the first parallel smart contracts run-time (Sealevel), and Turbine, which is inspired by BitTorrent to allow Solana to help quickly "propagate large amounts of data to a large number of peers." These and five other innovations, which you can view yourself with a quick google search, allow Solana to have extremely low transaction costs and sub-second transaction times. It reached 50,000 Transactions per second on its testnet, and was able to prove its speed for the year or so that it's been live with 2000-3000 TPS, much faster than most others. This speed scales with internet speeds, so this will be even faster in the future, especially in conjunction with SpaceX's Starlink constellation providing unparalleled internet speeds in the future, which could theoretically lead to a 710k TPS based on a speed of just 1 Gigabyte/Second. > > ### Counterpoints to decentralization and security > Lets start with decentralization. Many may point out that Solana isn't very decentralized, with 19 validators controlling 33% of the network. This is true. But Solana is still a lot better than competitors with similar speeds, like BSC, and as Solana expands with more validators, it will become more and more decentralized. Someone earlier posted a concern about Solana's centralization, but they mentioned 11 validators controlling 33% of the network, we've improved markedly since then. > > Onto security. That 400k TPS attack we saw which shut down Solana's network for under a day is a huge problem. I agree, but I want to say that number one: problems like these are essential for the growth of the network as it reveals crucial problems to be solved; number two: Solana's hugely active development community will inevitably solve this security flaw and are working on it right now; and three, this is what the cost of fast development looks like. Cardano uses Peer Reviewed papers to inform its development, but that has caused development to be extremely slow. Solana development was much quicker, allowing it's Defi space to have longer to grow and mature. > > ## Community > As mentioned earlier there are 350 projects built on Solana, one of the fastest growing communities in the space with a large number of active developers. > > There is a growing interest in NFT videogames in the cryptocurrency space, with evidence that this segment will be the "next big thing" to happen to crypto, so to speak. There are a multitude of highly ambitious, highly anticipated games being developed on all kinds of networks, but I believe Solana provides the best environment for this. It's cheap, lightening fast transaction times are necessary and critical for a smooth, quick gaming experience. > > The Solana ecosystem is backed by SBF Alameda, a high profile cryptocurrency figure and founder of FTX, one of the fastest growing exchanges in the world. The credibility of the man itself would be enough for many to hop on the SOL train. > > ## Sources > https://medium.com/solana-labs/turbine-solanas-block-propagation-protocol-solves-the-scalability-trilemma-2ddba46a51db ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pz2swt/rcc_cointest_top_10_solana_proarguments_october/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds.

Mentions:#FTX#SOL

tldr; Brett Harrison, the U.S. president of crypto exchange FTX, announced his resignation on Tuesday. Harrison said he will be moving into an advisory role at the company and said he plans to remain in the industry. Harrison joined FTX in May 2021 after spending close to two years at Citadel Securities. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#FTX#DYOR

I take this as a very positive development for those with funds stuck on Celsius. There have been a number of buyout opportunities from other companies that would have held put some form of lifeline to Celsius users, but Machinsky rebuffed them all out of ego. The hole he dug the company into; taking over trading strategy and cranking up the risk; was out of ego. Now, with his ego out of the way, it's more likely that a buyout deal may go through. Sam Bankman-Fried has already signaled serious interest in buying out the platform and FTX has the cash on hand to do it. The biggest roadblock was Mashinsky's god complex. With that put of the way, I'd say possible resolutions just became far more favorable to retail users of the platform.

Mentions:#FTX

TLDR: FTX's President stepping down from position.

Mentions:#FTX

TLDR: FTX's President stepping down from position.

Mentions:#FTX

FTX dealings are shady as fuck, 1.4b seems like a bargain

Mentions:#FTX

Looks like both the CEO of Voyager and Celsius resigned today. I wonder if that means there’s a chance Celsius will get bought out by FTX. Either way fuck them both. Hope they rot in jail together.

Mentions:#FTX

[FTX President Brett Harrison to step down](https://twitter.com/brett_ftx/status/1574782901748727809?s=46&t=_wpZ-lr6psdduvCqkceI6g)

Mentions:#FTX

tldr; FTX US has secured the winning bid for the assets of crypto brokerage firm Voyager Digital with a bid valued at approximately $1.4 billion. Voyager entered into a chapter 11 bankruptcy on July 5th, sometimes called a “reorganization” bankruptcy, it allows a firm to retain control of its assets and continue operating. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#FTX#DYOR

tldr; FTX US has won the bid to buy out Voyager Digital, a crypto investment firm that filed for Chapter 11 bankruptcy in July. Voyager accepted FTX's $1.4 billion bid to be bought out, beating out Binance and Wave Financial in a race to buy the bankrupted firm. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#FTX#DYOR

Good thing I was not a Voyager customer or FTX user. Tried FTX for a week. I hated it’s clunky UI.

Mentions:#FTX

at this point I actually wouldn’t mind if FTX takes over and offers a staking event for customers who don’t immediately take their crypto off the platform (or sell). I’d be okay with leaving it there and possibly adding more $$$ if that were the case** ** see me willfully not learning my lesson.

Mentions:#FTX

With the news of FTX buying Voyager I’m going to share with you what SBF just did. Sam Bankman borrowed 52,000 BTC in tranches from Voyager from March 2-June 12, during the Luna Collapse and shorted it all along the way. He hasn’t paid back that 52K BTC and is now buying the company. Seems strange doesn’t it? Borrows a ton of BTC just before a major collapse and has enough cash on hand to buy the bankrupt companies resulting from the crash he helped produce? He started borrowing on March 2, last was June 12. ~ average price of 37K. Making ~1.9B on the trade, just enough for the company! He took your Bitcoin, blew up the market and multiple companies and used the profit to buy the company back and return to you a fraction of what you had in dollars, erasing his BTC denominated debt. This is why you do not give your crypto to these companies. This is what will happen every single time and they’ll get away with it as we have seen.

Mentions:#FTX#BTC

FTX monopoly

Mentions:#FTX

tldr; FTX, founded by billionaire Sam Bankman-Fried, is set to take on the assets of cryptocurrency lender Voyager Digital after winning a bankruptcy auction. FTX's U.S. subsidiary was selected as the highest bidder for Voyager's assets, valued at roughly $1.4 billion. Voyager declared Chapter 11 bankruptcy in July after a tumultuous drop in digital currency prices. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#FTX#DYOR

FTX gobbling up everything lmao

Mentions:#FTX

Stay away until you confirm this is legit. When I see ads online, I always assume they're there to steal from all of us. If you can just use Binance, FTX, Kraken, Coinbase, [Crypto.com](https://Crypto.com), and other reputable exchanges for now, just use those.

Mentions:#FTX

Wonder if FTX Token can outperform BNB from this point on.

Mentions:#FTX#BNB

tldr; Crypto exchange FTX has won an auction for the assets of bankrupt crypto lender Voyager Digital in a bid valued at about $1.42 billion. FTX's bid comprises of a fair market value of all Voyager cryptocurrency, at a to-be-determined date, which is estimated to be $1,31 billion at current market prices, and an additional consideration estimated as providing about $111 million of incremental value. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#FTX#DYOR

FTX really gonna be a beast once the bullrun comes back.

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