if a trader opened a BULL/USD - 3x long bitcoin token and bitcoinrallied10% from the time of purchase, the leveraged token would gain 30%. FTX's leveraged tokens had no margin requirement.
No matter what, they don’t seem to be going away, even if crypto companies like FTX implode. Existing players like Ticketmaster and DraftKings have launched their own NFT projects, to say nothing of the many stars—Patrick Mahomes, Tom Brady, Stephen Curry, etc.—who have at one time ba...
While Web 3.0’s decentralized ownership is seen to empower individuals, the lack of oversight can increase consumer risk, as was seen in the collapse of the major cryptocurrency exchange FTX. Decentralization could make regulating Web 3.0 virtually impossible. And with the rapid increase of the ...
The exchange’s creditors haven’t been made whole yet despite a judge approving a plan and sentencing for former executives is nearing an end. On Nov. 11, 2022, then-FTX CEO Sam Bankman-Fried resigned, handing the company’s reins to John Ray, who filed for Chapter 11 bankruptcy protecti...
While Web 3.0’s decentralized ownership is seen to empower individuals, the lack of oversight can increase consumer risk, as was seen in the collapse of the major cryptocurrency exchange FTX. Decentralization could make regulating Web 3.0 virtually impossible. And with the rapid increase of the ...
Terra (LUNA) and the FTX Token (FTT) are examples that never recoveredfrom big crashes. In the end, it all depends on the valuable features (or not) offered by a certain crypto ecosystem and the support of its community. For its part,Obyte, founded in 2016, has been resilient to econo...
apiAccessHeader['x-auth-token'] = token r = requests.get('http://localhost:58000/api/v1/network-device', headers=apiAccessHeader); print(json.dumps(r.json(), indent=2)) if __name__ == "__main__": main() The result is a JSON paylod listing all the connected devices as well...
Crypto exchange FTX collapsed this week, tanking major tokens in its wake. Here's what it means for U.S. investors.
What happened to FTX? These are the key points: FTX is acryptocurrency exchangefounded by Sam Bankman-Fried in 2019, who served as CEO until Friday. The exchange issues its own token, FTT, and was the fourth-largest crypto exchange by volume as of last Tuesday. ...
Futures Exchange, or FTX, is considered one of the biggest crypto exchange fails ever seen in the crypto space. FTX’s collapse was so far-reaching it dropped the demand for cryptocurrencies.But who was behind the downfall of this once promising project, and how did things get so bad that ...