FTX

eddie_flynn

Quadriga CX and My Gox were once considered a trusted exchange. There is a reason these exchanges are based in Singapore and the Bahamas. Any day whenever the CEO of Crypto.com, FTX, or Coinbase wants to cash the can halt all withdrawal and trades, then liquidate all accounts, shut down their exchanges, claim bankruptcy, cook their books, and leave all the account holders with nothing. That risk alone makes crypto worthless when their are FDIC insured banks and SIPC insured exchanges.

WombatLover2000

Yea so BinanceUS does not have the same clout as normal people binance and overall it doesn't have the best reputation. FTXUS is nothing compared to normal people FTX. You can't use Bybit without a VPN. Kucoin is probably your best bet if you want access to a lot of coins and I don't have much to gripe about with them. If you're just buying big caps then Kraken is well loved. Crypto. com really sucks imo.

WombatLover2000

I've been loving FTX since binance made it so hard to withdraw/deposit.

Purely_coincidental

So, to be clear, Alameda and FTX are propping up the USDT fraud constantly. They swear they know USDT to be legit but we all know the truth.

Purely_coincidental

FTX buys your USDT for a few decimal points for than 1$ then redeems it for 1$ each. This is well known.

ThucydidesButthurt

Simply buying with spot prices is fine, do not use leverage on FTX or at all for that matter

Imish0

[https://np.reddit.com/r/Superstonk/comments/uob6z9/ftx\_bails\_out\_robinhood\_buys\_76\_ftx\_connected\_to/](https://np.reddit.com/r/Superstonk/comments/uob6z9/ftx_bails_out_robinhood_buys_76_ftx_connected_to/) I do not fully agree, that's some excessive ape anxiety, but it should at least help you reconsider moving out of FTX . https://twitter.com/hellspawncrypto/status/1525575167027695616?s=21&t=59ECvnHQ8h8WTVu0jRNdGQ No absolute proof here neither, but it's eye opening, and if true, then the crypto market is just worst than stocks. And thank you for your work on /ss!

ThucydidesButthurt

Was gonna say FTX is probably worse than even Binance

4y2ijyjyjyj

Who do you think makes better pizza? Sam from FTX or Brian from Coinbase?

Faze-Cumshot

FTX?

mangotangotang

>“There is always the possibility that someone inside Coinbase could, wittingly or unwittingly, leak information to outsiders engaging in illegal activity,” Coinbase Chief Executive Brian Armstrong wrote last month. The exchange, he said, investigates employees that appear linked to front running and terminates them if they are found to have aided such trades. Newsletter Sign-up Crypto Field Guide Cut through the hype with WSJ's new crypto newsletter, launching this summer. SUBSCRIBE Paul Grewal, Coinbase’s chief legal officer, followed up with a blog post Thursday. The company has seen information about listings leak before announcements through traders detecting digital evidence of exchanges testing a token before a public announcement, he said. Coinbase has taken steps to mitigate that in addition to its efforts to prevent employee insider trading, he said. Wallets like these have caused debate in the crypto community over whether targeted buying of specific tokens ahead of listings on exchanges points to insider trading. The crypto markets are largely unregulated. In recent years, regulators have looked more closely at the market’s fairness for individual investors. The largest cryptocurrency bitcoin has fallen 24% in May, causing steep losses for individual investors across the market. Insider trading laws bar investors from trading stocks or commodities on material nonpublic information, such as knowledge of a coming listing or merger offer. Some lawyers say that existing criminal statutes and other regulations could be used to go after those trading cryptocurrencies with private information. But others in the cryptocurrency industry say a lack of case precedent specific to crypto insider trading has created uncertainty over whether and how regulators might seek to tackle it in the future. Argus CEO Owen Rapaport said that internal compliance policies in crypto can be undercut by a lack of clear regulatory guidelines, the libertarian ethos of many who work in the space and the lack of institutionalized norms against insider trading in crypto compared with those in traditional finance. “Firms have real challenges with making sure the code of ethics against insider trading—which almost every firm has—is actually followed rather than being an inert piece of paper,” Mr. Rapaport said. Securities and Exchange Commission Chairman Gary Gensler said Monday that he saw similarities between the influx of individual investors into crypto markets and the stock boom of the 1920s that presaged the Great Depression, which led to the creation of the SEC and its mandate to protect investors.“The retail public had gotten deeply into the markets in the 1920s and we saw how that came out,” Mr. Gensler said. “Don’t let somebody say ‘Well, we don’t need to protect against fraud and manipulation.’ That’s where you lose trust in markets.” Spokespeople for the exchanges said that they have policies to ensure that their employees can’t trade off of sensitive information. A Binance spokeswoman said that employees have a 90-day hold on any investments they make and that leaders in the company are mandated to report any trading activity on a quarterly basis. “There is a longstanding process in place, including internal systems, that our security team follows to investigate and hold those accountable that have engaged in this type of behavior, immediate termination being minimal repercussion,” she said. FTX CEO Sam Bankman-Fried said in an email that the company explicitly bans employees from trading on or sharing information related to coming token listings and has a policy in place to prevent that. The trading highlighted in Argus’s analysis didn’t result from any substantive violations of company policy, Mr. Bankman-Fried said. >Write to Ben Foldy at ben.foldy@wsj.com and Caitlin Ostroff at caitlin.ostroff@wsj.com

mangotangotang

>By Ben Foldy and Caitlin Ostroff May 21, 2022 5:30 am ET Save Print Text Public data suggests that several anonymous crypto investors profited from inside knowledge of when tokens would be listed on exchanges. Over six days last August, one crypto wallet amassed a stake of $360,000 worth of Gnosis coins, a token tied to an effort to build blockchain-based prediction markets. On the seventh day, Binance—the world’s largest cryptocurrency exchange by volume—said in a blog post that it would list Gnosis, allowing it to be traded among its users. Token listings add both liquidity and a stamp of legitimacy to the token, and often provide a boost to a token’s trading price. The price of Gnosis rose sharply, from around $300 to $410 within an hour. The value of Gnosis traded that day surged to more than seven times its seven-day average. Four minutes after Binance’s announcement, the wallet began selling down its stake, liquidating it entirely in just over four hours for slightly more than $500,000—netting a profit of about $140,000 and a return of roughly 40%, according to an analysis performed by Argus Inc., a firm that offers companies software to manage employee trading. The same wallet demonstrated similar patterns of buying tokens before their listings and selling quickly after with at least three other tokens. The crypto ecosystem is increasingly grappling with headaches that the world of traditional finance tackled decades ago. The collapse of a so-called stablecoin from its dollar peg earlier this month stemmed from crypto’s version of a bank run. How cryptocurrency exchanges prevent market-sensitive information from leaking has also become a growing topic of concern. The focus comes as regulators are raising questions about the market’s fairness for retail users, many of whom just booked major losses on steep declines in crypto assets. The wallet buying Gnosis was among 46 that Argus found that purchased a combined $17.3 million worth of tokens that were listed shortly after on Coinbase, COIN -1.88% Binance and FTX. The wallets’ owners can’t be determined through the public blockchain. Profits from sales of the tokens that were visible on the blockchain totaled more than $1.7 million. The true profits from the trades is likely significantly higher, however, as several chunks of the stakes were moved from the wallets into exchanges rather than traded directly for stablecoins or other currencies, Argus said. Argus focused only on wallets that exhibited repeated patterns of buying tokens in the run-up to a listing announcement and selling soon after. The analysis flagged trading activity from February 2021 through April of this year. The data was reviewed by The Wall Street Journal. Coinbase, Binance and FTX each said they had compliance policies prohibiting employees from trading on privileged information. The latter two said they reviewed the analysis and determined that the trading activity in Argus’s report didn’t violate their policies. Binance’s spokesperson also said none of the wallet addresses were linked to its employees. Coinbase said it conducts similar analyses as part of its attempts to ensure fairness. Coinbase executives have posted a series of blogs touching on the issue of front running.

personal_fi

Could you please integrate with TradingView to allow trading on Binance via TradingView ? (btw, FTX has done it [https://www.tradingview.com/blog/en/ftx-now-available-via-tradingview-30309/](https://www.tradingview.com/blog/en/ftx-now-available-via-tradingview-30309/))

--leockl--

Recently exchanges like FTX and Kraken appears to be branching out to stock market trading. Will Binance do they same?

tehLife

SBF is scum tbh, I would avoid FTX / SOL and anything he’s involved in

WombatLover2000

Whats your preferred exchange and why? My main exchange is FTX now after but I think I tried almost everything accept coinbase and kraken before finally settling.

Hasage

I'm not sure if things started to deteriorate once they changed their name but I definitely remember being encouraged by this sub to get/use blockfolio. Unfortunately I didn't use it until a few weeks before they changed their name to FTX. I began to experience even more issues than I had when it was Blockfolio and so I decided to uninstall that malware program.

mlocksmith

To avoid exactly such a situation or in case of lost or broke phone I even registered an account previously via the app (which I'm still logged on now). It's interesting to mention that I cannot log in on the website with my pass and email any longer. I already tried to reset the password via the forgot password button. It says this account doesn’t exist?!?! I’m starting to think FTX have a whole lot of a fucking issue. Keep waiting and hoping for the Best since a guy on the FTX sub mentioned they had the same issue month ago and on the next day it mysteriously came back. For me didn’t happen yet unfortunately. I have a horror thinking about to trace back all the transactions from over a year of time and probably won’t be able to get the correct numbers ever again. Does anybody have similar issues since yesterday or an idea how to get my portfolio back? Thanks for reading this.

mlocksmith

Hi guys, I'm using FTX not for the exchange but only its portfolio tracker since more than a year now, when it was still called Blockfolio. When I opened the app yesterday (not the first time of the day) my portfolio under 'track' had suddenly disappeared / reset to 0. Under settings -> profile my user is logged in and this token ID thing (whatever it's used for) is still the same. Did this happen to anybody here before?? Damn me to ever trust that piece of shit, which I regularly couldn't use to view or add transactions whenever their exchange experienced higher loads and big market moves ('Sorry, something went wrong' messages anyone?!). I didn't go for it yet because of hundreds of transaction I would have to transfer ...this now really fucks me up. What the hell ftx?!?!

Random5483

I don't hold any significant amount of crypto on Coinbase (I typically have some small amounts in various exchanges including Coinbase, Kraken, FTX, and KuCoin). With that said, I don't see how Coinbase is any worse than the rest for storing crypto. I keep my crypto in a non-custodial hardware wallet. But I would sooner trust Coinbase with my crypto than the vast majority of CEXs out there and 100% of all non-custodial software wallets out there.

zack14981

It appears someone has just seen the FTX Super Bowl ad.

rmexicoVSrspanish

For bitcoin Chicago Mercantile Exchange, FTX, and they say td ameritrade lets you too.

RachRamdani

how can FTX offer 8 percent APY on all crypto?

coinfeeds-bot

tldr; The director of an FTX ad featuring Larry David admitted that the actor doesn't own crypto and doesn't know how it works. "We have no idea how cryptocurrency works (even after having it explained to us repeatedly), don't own it, and don't follow its market. We just set out to make a funny commercial!" *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Crypto exchange FTX is rolling out a stock trading service in the US. FTX Stocks will allow customers to trade “hundreds of U.S. exchange-listed securities, including common stocks and ETFs.” The service will also offer investors no-fee brokerage accounts, commission-free trading, as well as free market and company data. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

wallpapersdance

What are the best twitters (aside from official company twitters) to be notified/given clues when a stablecoin is going to depeg or if a cefi lending company (gemini, voyager, FTX earn/blockfolio, abra) etc is going to have a bank run? Wish I had been following UST's peg on twitter earlier, coulda reacted faster

Bellweirboy

Hoho! This going to be soooo good! You think crypto suffers from scams and manipulation? Give me a couple of hours and I’ll open your eyes about the stock and securities markets. You see it is that convoluted it takes ages to work it out / explain the full depravity. Anyway, I thought the whole point of crypto was to get away from this crap, which is intimately tied up with global banking and fiat currencies? For me, it shows just how far the Wall Street reptiles have their hands up the Bankman Fried puppet. Not content with poisoning crypto, they want FTX to extend to their original grift.

alphaop1

Your Daily Dose of Crypto : • Former BitMEX CEO Arthur Hayes is set to face sentencing in a federal courthouse in New York on Friday after pleading guilty in February to charges that he willfully failed to implement an anti-money laundering (AML) program at the exchange. • SWIFT, the Belgian financial messaging network used by banks in international money transfers, announced Thursday that it is teaming up with French IT company Capgemini to conduct experiments with cross-border central bank digital currency (CBDC) payments. This is SWIFT’s second research project on CBDC. • Panama President Laurentino Cortizo on Wednesday said he may veto a recently approved bill that would allow citizen to use cryptocurrencies as a form of payment in the Central American country. • Tether reduced its commercial paper holdings by 17% from $24.2 billion to $20.1 billion in the first quarter, according to its latest attestation report. • Two U.S. residents have been charged with running a crypto Ponzi scheme that allegedly defrauded hundreds of investors out of a collective $44 million. • Avalanche, a smart-contract blockchain, said in a tweet that Luna Foundation Guard (LFG) – the entity behind the reserve fund set up to backstop the Terra blockchain's now-failed UST stablecoin – has “disclosed no plans” for the 2 million AVAX tokens currently sitting in its treasury. • Tether and Bitfinex CTO Paolo Ardoino said that the Terra (LUNA) project was not intended to be a rug pull, but was simply “poorly designed.” • U.S. cryptocurrency exchange Coinbase Global (COIN) is pausing new hiring for two weeks and slashing cloud spending on Amazon Web Services, along with other cost-cutting measures following its recent weaker-than-expected earnings report and the overall crypto market rout • The U.S. Department of Commerce’s International Trade Administration is seeking public comments on how it can respond to President Joe Biden’s executive order on crypto, according to a notice issued on Thursday. • Blockchain gaming company Azra Games has raised $15 million in a seed funding round led by Andreessen Horowitz • Stablecoin swap application Curve Finance is proposing to end emissions of its CRV tokens from pools related to terraUSD (UST) after UST's implosion last week. • FTX US said it will begin testing stock trading functionality for a handful of U.S. users. Brokerage accounts can be funded with the stablecoin USDC, the exchange said.

NeilLikesNoodles

FTX definitely. Binance has suspended withdrawals to some UK banks recently.

Buy_More_Bitcoin

Haven't went down and looked at the posts themselves but from a birds eye view the subreddit looks abandoned. I don't want to sound like an FTX maxi or anything (again I rarely use the exchange, nor do I currently hold their token) but this doesn't look all that ugly. If you're settling for millions of codtkmers some are bound to have a problem. A 99% succesrate in that regard is easily turned into a perceived problem by a few mad people on the internet. I'd send the costumer support a message and for myself. If it takes more than 48 hours to respond, something's probably up.

MsStarstruck

Yeah, just look through their sub r/ftxofficial It’s full of open complains with no answers and awful stories. I found the exchange to be quite alright but all those open support tickets make me feel weird about keeping using them. Seems you’re on your own in FTX land and pray that you won’t have an issue with them ever

Buy_More_Bitcoin

Oh is that so? I've never been in contact with their support but other than that FTX generally has a great experience. Their CEO is also a pretty cool guy, he pledged to give away 99% of his wealth and is already actively doing so.

MsStarstruck

From what I’ve read in the official FTX sub reddit, they have terrible support and don’t write back. It’s fishy!

fixerdrew02

Oh fuck. I didnt realize thats how FTX was planning to do that. We’re screwed….

MsStarstruck

Does anyone know if FTX.vom (Europe) support taproot protocol? I’ve recently set up my BlueWallet and it gives me an receiving address starting with bc1 From what I understand this is a taproot address, right? I can’t figure out what exchanges support taproot - especially FTX Europe. I fear losing my coins if I send them to an unsupported address

Aquabloke

I'm not going to read white paper of every shitcoin. But the biggest financial fraud brewing right now has to do with collateralized stablecoins without an actual audit. But because most of crypto doesn't trust Tether, the sights are on stock market traders. FTX already announced broker free stock trading with stablecoins as intermediary. This gets liquidity into stablecoins and if massively adopties, would mean stablecoins like Tether could potentially counterfeit upwards of 100 billion dollars. It would make Terra-Luna look like petty crime.

SomeBrokeChump

You should use a better exchange. Binance chooses to charge their customers an absurd fee of 0.0005 BTC per bitcoin withdrawal. And there are many other reasons to avoid using Binance that I wont bother mentioning. I recommend using [Strike app](https://strike.me/), [Kraken](https://www.kraken.com), [Gemini ActiveTrader](https://www.gemini.com/activetrader), [Coinbase Pro](https://pro.coinbase.com), or [Swan Bitcoin](https://www.swanbitcoin.com/) to buy bitcoin. Kraken chooses to charge their customers 0.00002 BTC per bitcoin withdrawal. Coinbase Pro chooses to charge their customers a very small bitcoin withdrawal fee. Gemini chooses to give every customer 10 free bitcoin withdrawals per month and then charges them 0.001 BTC per bitcoin withdrawal for any more. Strike, Swan Bitcoin, and FTX don't charge their customers anything for bitcoin withdrawals.

Blue_Moon_Army

The big crypto exchanges are insiders with Tether. They know it's fake, but everyone is making so much money. Coinbase, FTX, Binance, Kraken, etc. are making a profit from trading fees. The USDT is fake but the fees customers pay is real. Isn't in convenient how so many exchanges cease trading or have "maintenance" when crypto is having a huge crash? It happened when UST and LUNA crashed and USDT started losing peg a few days ago. That's the exchanges pulling the plug so the USDT con can keep going. Imagine you're a young tech whiz. You create a crypto exchange from the remains of some old one that died when Mt. Gox happened. Your exchange becomes one of the largest in the industry, and suddenly you become a billionaire by age 30. However, you know it's all bullshit. But if you reveal the con, your billions disappear overnight, and you're probably back to being a wagie in your cagie. You never intended to help facilitate a massive fraud, but now you're in so deep that you can't possibly unravel it. Your only real solution is to help the scam run longer and try to convert as much fake cash into real cash without triggering a collapse in the market. Hopefully you keep it running long enough so when it all collapses, you still exit a billionaire. This is probably the situation Sam Bankman-Fried is in. And I'm guessing CEOs at Binance, Coinbase, Kraken, Celsius, etc. are in a similar position. They can't just remove billions of dollars from the market and not expect it to crash their business. I like to remind people that Charles Ponzi didn't start his scheme to steal people's money. He legitimately thought it would work, then got in too deep when he spent too much money because he was over-confident in his investment strategy. If you have time, [watch this documentary on Ponzi.](https://youtu.be/w4waqVKanxA) Do Kwon made the exact same mistake. He offered 20% APY on Anchor and believed he could salvage the ponzi when enough of the crypto ecosystem adopted UST and LUNA. Now some of these people are just legitimately dishonest scammers. Justin Sun comes to mind. The top leadership of Tether is too.

user260421

Exchanges really are *the* thing if you time it correctly. Think about FTX and [SBF](https://www.forbes.com/profile/sam-bankman-fried/?sh=5d4da6f24449) and he started FTX like 1-2 years ago

Maswasnos

Does the UK get Coinbase Pro? Some of the cheapest fees in the industry there. Otherwise maybe FTX, they've been growing on me as a platform.

whatup1111

On garbage exchanges maybe, tether is traded a lot but I dont see how the trading pair would have anything to do with if the exchange is legit or not. Tether works just fine and is a lot more simple to move and is listed everywhere thats why its heavily used for trading. Binance was listed in the link as legit trading volume, them having usdt pairs means nothing. Binance FTX Coinbase Kraken Bitstamp are all super legit.

Set1Less

Crypto commissions and income are massive. FTX are routing orders straight to NASDAQ directly so you wont have a big spread like a typical crypto CEX order book. With their tech stack, they can easily offer free trades without breaking sweat to acquire more users - as a top crypto exchange they dont have to worry about profits unlike traditional tradfi brokers (robing hood, fidelity etc) who dont have a hugely profitable income source other than their brokerage fees, $7 per trade and now payment-for-order flow that all zero fee brokerages use for revenue. If you are a hotel charging $1000 per night, you arent really fussed about offering a free welcome drink...

hashzzz

FTX becoming similar to the Bybit casino

lvl1vagabond

Listening to that video of the founder explain a pyramid scheme and then tell people to essentially deal with it made me realize FTX is not something I ever want to put money near.

International-Ad1566

How exciting for people that don't understand spreads and the fact that FTX has the highest spread of all the platforms.

CointestAdmin

#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.

coinfeeds-bot

tldr; Crypto exchange FTX U.S. affiliate FTX plans to roll out zero-commission stock trading. The company will offer no-fee brokerage accounts, commission-free trading and market and company data. The product, called FTX Stocks, will initially route orders through Nasdaq. It joins fintech brands like Square Cash App, SoFi and Public in offering trading *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

liquid_at

on FTX you can reduce your fees by staking FTT. I'd guess that "commission free" means "if you get to the highest staking tier"

ta007

FTX is already the robinhood of crypto: a festering dogturd that tries to screw its customers.

CointestAdmin

#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: *no edits yet* > > # 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 September 2021, this difference is much smaller and USDT is now only 2 times bigger than USDC. One can argue that 2 times bigger market cap is still a big difference but be aware that **between April 2021 and September 2021 market cap of USDC grew by 200% while Tether’s market cap grew by 10%.** > > 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/CryptoCurrency/comments/pz482n/rcc_cointest_top_10_usd_coin_proarguments_october/) 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.

arcalus

When no one should be using stable coins you have FTX leading the pack.

coinfeeds-bot

tldr; FTX US announced on Wednesday that select customers can now trade stocks and ETFs, making it the first native crypto exchange to offer equities within its platform. The new product, which the company has been teasing for months, is called FTX Stocks and will let users fund their accounts with the USDC stablecoin and bank transfers. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; FTX US is launching a stock trading platform for retail investors. FTX Stocks will feature trading and investing in hundreds of U.S. exchange-listed shares, including common stocks and exchange-traded funds. It will be the first platform to allow retail investors to fund their accounts with fiat-backed stablecoins like USD Coin. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Ap3X_GunT3R

Bullish for FTX

BrooklynNeinNein_

I don't think Tether is fueled by individual hodlers like us. We don't care if we use USDT, USD or just USD to buy Bitcoin. Tether is kept alive by big exchanges like FTX. They get sweet deals from Tether and in return basically make their users use USDT. Lots of these big exchanges are at least very questionable as well and if Tether finally collapses they likely go down with it. That's what a deal with the devil gives you: He'll make you fly higher than humanly possible, but when he goes down to hell, he'll make sure you'll come with him.

BrooklynNeinNein_

I don't think Tether is fueled by individual hodlers like us. We don't care if we use USDT, USD or just USD to buy Bitcoin. Tether is kept alive by big exchanges like FTX. They get sweet deals from Tether and in return basically make their users use USDT. Lots of these big exchanges are at least very questionable as well and if Tether finally collapses they likely go down with it. That's what a deal with the devil gives you: He'll make you fly higher than humanly possible, but when he goes down to hell, he'll make sure you'll come with him.

ShotCryptographer523

LINK and The Graph are crucial to the whole ecosystem as well. Chainlink also thrived in the last bear too. Keep that in mind. Can't see CRO surviving actually. I think they have lost trust with a lot of folks. FTT (FTX token) will be OK though when it comes to Exchanges.

whatup1111

> When the real market is 1/20th the size of the pretend market, that means that the actual trade volume of Bitcoin is only a few thousand dollars most of the time and is at best in the tens of thousands. Yeah this isnt the case, you also said a couple of years ago. The market is a lot bigger today than a couple of years ago. Binance isnt fake, FTX or CB isnt fake. There was a few exchanges mainly korean ones that washtraded previously and theres a reason why I didnt include them in the 20b number, as the number stated on coinmarketcap is closer to 80b. > Like today the high for a five minute interval was $1.4 million and the low was $1,905 for five minute intervals over the day. If we assume the market is 1/20th its real size, that would suggest a high of $70k/5 minutes and a low of $95/5 minutes. Not $95k, $95. This is also just pure bullshit, where do you get these numbers? Go look at binance btc/usdt pair and the volume is rarely under 1m/5min and thats just one trading pair on one exchange. > And it's not that hard to manipulate the market when you are just making up fake coins. There have been studies on this. They found that the price of bitcoin was heavily manipualted by Tether. The fake garbage scamcoins isnt the ones with massive market cap, you can say tether this or tether that. Tether market cap increasing doesnt mean its printed to prop up the price, last week tether market cap decreased by 7b or so because people redeem tether when the market isnt demanding the peg to stabilize. > The $20 billion volume is probably more like $1 billion. And a substantial portion of that is in fake money - assets that seem to have a lot more value than actual value. No, you can sell BTC right now and cash out. Without problem. As I said before you cant manipulate a market to keep a price up when people can sell at any time they want if there are no real buyers. The price would just crash.

jmahonin

What are the fee of the future trade on the FTX platform.

monedasvirtuales

If the recent events have put any sense in you please avoid that high APY no matter how trusted the platform is or even don't stake things in the exchange like binance or FTX.

CointestAdmin

#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.

GodlordHerus

This guy runs the biggest grift factory in crypto why are we even entertaining him. A lot of people here will kiss his ass because "money!" Here are some questions: 1. Why he promote Luna and what are he and Binance doing to mitigate such risk? 2. What is his personal relationship with USDT and if he or affiliated parties have made redemptions? 3. Is the Binance "Tai Chi" document real and if yes; why did you openly attempt to scam the US government and people? 4. Why is BSC a blatant copy of ETH? 5. Why was Binance promoting zero sum 100x leverage up until FTX started the 20x rule? 6. Why didn't you comply with EU regulations if "transparency is key"? Ask him that if not why is he even coming to this space?

jhb760

Jesus man, read what I wrote. Alameda research and FTX manipulate the derivatives market (if you didn't know that). They also use USDT to do so. They are the single largest purchasers of Tether. And did you know that tether has already been fined, almost two years ago now, for literally committing fraud by claiming they had funds while in reality the funds had been transferred to Bittfinex to maintain liquidity. That's not speculation or rumors. That happened. Learn what a wildcat bank is. That's what Tether is right now. If you aren't able to acknowledge the risks Tether may present, then you're not gonna make it lol. I'm not saying its gonna collapse either. Just that you *absolutely* cannot deny the shadyness of it all.

osogordo

I remember him from last year posting on Twitter that he was sure 99.9% that FTX got hacked in a major way.

payfrit

jfc it's not "people" it's happening in a single massive transaction. only three "people" could do a tx like this: FTX, DRW, and tether insiders.

payfrit

this isn't "many people," these are single transactions, the most redeeming $1.55 BILLION in one transaction. that means, taking $1.55 billion out of tether's already extremely suspect reserves. there are only three entities that could do this: FTX, DRW, and tether insiders.

CointestAdmin

#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: *no edits yet* > > # 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 September 2021, this difference is much smaller and USDT is now only 2 times bigger than USDC. One can argue that 2 times bigger market cap is still a big difference but be aware that **between April 2021 and September 2021 market cap of USDC grew by 200% while Tether’s market cap grew by 10%.** > > 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/CryptoCurrency/comments/pz482n/rcc_cointest_top_10_usd_coin_proarguments_october/) 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.

jhb760

Correction: it's Alameda and FTX And how do I know? They're owned by the same fucking corporation. Google something rather than relying on someone you're arguing with on the internet lol.

GodlordHerus

Let's take this step by step Let's say I'm s CEX/ DEX and I'm like a miniature of the entire crypto space. I have ETH and maybe 3- 5 other more fiat liquid assets ( can change into fiat) on my platform. The rest 99%+ are majority traded in USDT. So 1. ~11% fiat 2. ~9% other stable coins 3.~ 80% USDT ( e.g Binance is mainly USDT) I see that USDT is about to go tits up do decide to switch to USDC. I've only got 3 options: 1) Buy USDC outright with fiat and hopefully convince 80% of users to switch to it. Note there are also USDT leveraged positions. Which would automatically make this impossible but let's say you can. However this would essentially be a cash injection for free on my part. I would be spending billions of my money to convert USDT into USDC. Plus making all my USDT worthless. So if I had $1 billion of USDT I would lose that then $1 billion in fiat to buy the USDC that I essentially gave away 2) I sell all my USDT into USDC. If I'm a small player this could work. I won't effect the market much. But if I have billions as Binance, FTX and several liquidity pools well I'm fucked. The moment I start selling into the market the price of USDT will start falling from over supply. This could trigger a collapse and my USDT becomes worthless. Plus as stated in (1) leveraged positions and integrated DEFI would lead to a liquidation cascade 3) I can try go and "redeem" all my USDT at Tether for fiat to buy USDC at 1:1. This could actully work but unfortunately most likely USDT doesn't have the fiat liquidity and they can't pay me back. Thus I also trigger a crash. Or once again if I'm a small player it won't have an effect There is no way 80% of all the liquidity in crypto can safely be switched to USDC. Even if it was by one party. Now we are talking about hundreds of individual CEXs and DEFI projects each holding massive amounts of USDT or USDT collateralized contracts Maybe over 1 to 3 years but over a couple of months is just insane. USDT can pop anytime and a open switch by any major player such as in (2) would result in a mass sell off and a run for the door

cryptobro42069

...shorting a stablecoin that has only fallen off its peg by a cent in the last month? FTX must be frothing at the mouth for idiots like this. Basically free money lol.

coinfeeds-bot

tldr; Despite nearly $11 million in donations from FTX CEO Sam Bankman-Fried, Democratic House candidate Carrick Flynn lost his Oregon primary race. Flynn conceded to state Rep. Andrea Salinas, who is looking to become Oregon’s first Hispanic woman in Congress. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

fckiforgotmypassword

I would think that the major exchanges would bail out tether. Binance and FTX mostly. Every product they have is linked to tether. After the luna shit, I’m sure the major players have their ears perked up and plans in place.. I would think and hope so anyways

jonnytitanx

Even some of the big ones like FTX.

_Commando_

> Many exchanges (Binance, FTX, KuCoin) use USDT for pairing to cryptos (BTCUSDT, ETHUSDT, ADAUSDT). What's the reason for them not switching to USDC? Because USDC can be seized by the US Govt. Just look at the Russian seized assets by the west. If they don't like you they will steal from you. And you can bet if you're on the naughty list your USDC will be seized too. USDT isn't under US Govt control hence why many exchanges will continue to use it.

wallpapersdance

What specific twitters/telegrams should I follow to be able to react quickly if there was ever a depeg on DAI or if FTX earn or Gemini Earn was unsound/going to have a bank run? Don't think this will ever happen but I want to be able to act swiftly. Any other notifications I should setup? Do I need to put these apps on my phone I'm guessing?

coinfeeds-bot

tldr; A group called Protect Our Future PAC spent more than $11 million to support a candidate in Oregon’s newly created Sixth District in the US House of Representatives. The candidate, Carrick Flynn, is a 35-year-old who grew up in the area but hadn’t lived there in a number of years and had demonstrated little previous interest in electoral politics. The PAC is predominantly funded by FTX founder Sam Bankman-Fried. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

robertrade

Many exchanges (Binance, FTX, KuCoin) use USDT for pairing to cryptos (BTCUSDT, ETHUSDT, ADAUSDT). What's the reason for them not switching to USDC?

StillNoNumb

You don't need to be a programmer, you can short practically everything on FTX