1H
0.13%$0.0011
24H
4.93%$0.0405
7D
3.79%$0.0315
30D
-27.7%$0.3310
FTX prepares to initiate its massive creditor repayment program, offering up to 120.5% returns for small claims while Bitcoin holders face value cap challenges.
At the time FTX filed for bankruptcy, the total amount of customer assets misappropriated was about $8.7 billion.
The massive liquidity crisis at the FTX exchange has prompted calls for clear regulations in the US crypto market.
The collapse of FTX tokens has sent tremors across the entire crypto industry. ETH withdrawals on FTX have skyrocketed by more than 90% in the last few days.
FTX token value plunged another 20% in the last 24 hours. Nearly $1 billion in FTT market value has eroded since the Binance episode.
FTX is owned by FTX Trading LTD, a company incorporated in Antigua and Barbuda. FTX was incubated by Alameda Research, a cryptocurrency liquidity provider. FTX’s leveraged tokens aim to provide a clean, automated way for users to get leverage. FTT is the FTX ecosystem utility token. Holders of FTT reportedly receive benefits such as:
A common explanation behind this phenomenon is investors’ tendencies to sell stocks prior to year-end so they can claim capital losses on their tax return while taking profits on winning investments at the beginning of every new year. This guide has all you need to know about the Santa rally.
While our previous guide ‘What is Ripple (XRP)?’ provided deep insights into the currency’s nature, explained the difference between Ripple and XRP, and clarified how the whole system works, this guide will give you clear instructions on how to buy this promising asset.
