Bitcoin Thread

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Reddit showed that it could work, and now Twitter will also embrace in marketing NFTs,

https://twitter.com/x/status/1585707921433923585

Now testing: NFT Tweet Tiles Some links to NFTs on rarible, MagicEden, dapperlabs and Jumptradenft will now show you a larger picture of the NFT alongside details like the title and creator. One more step in our journey to let developers impact the Tweet experience.
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Not long until Meta adopts a similar model to promote NFTs.

This could be nice though, NFTs with utility, like ticketing, could be implemented straight into social media.
 
Google announced a 'cloud' collab with Solana by running a Solana validator. I assume that it is Google’s own investment. Elite hey… I am actually surprised by this because Solana has its issues. Should support Cardano, Fantom…

In the end, there will be entrenched blockchains, and many others will be reduced to ‘hobbyist’ status.

For people who really care about the blockchain, Kadena is there, but hey, PoW. Yet, Bitcoin is supported.
 
Unsure, but it seems that Hetzer decided to ban Solana nodes, so I guess Google picked up the loss. The pundits say that Hetzer disabled 1,000 Solana nodes in one day. I don’t know exactly when this has happened, but Solana was amongst the top pumped cryptos these past days. Transactions on Solana are also booming at the moment.
 
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In the case you are invested into FTX Token, do your research. Binance has decided to liquidate their remaining FTT on their books.

https://twitter.com/x/status/1589283421704290306

As part of Binance’s exit from FTX equity last year, Binance received roughly $2.1 billion USD equivalent in cash (BUSD and FTT). Due to recent revelations that have came to light, we have decided to liquidate any remaining FTT on our books.

We will try to do so in a way that minimizes market impact. Due to market conditions and limited liquidity, we expect this will take a few months to complete.

Binance always encourages collaboration between industry players. Regarding any speculation as to whether this is a move against a competitor, it is not. Our industry is in it’s nascency and every time a project publicly fails it hurts every user and every platform.

We typically hold tokens for the long term. And we have held on to this token for this long. We stay transparent with our actions.
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Not too long ago FTX also announced to launch a stable coin. Be discretionary.
 
Fulcrum29 said:
In the case you are invested into FTX Token, do your research. Binance has decided to liquidate their remaining FTT on their books.

https://twitter.com/x/status/1589283421704290306



Not too long ago FTX also announced to launch a stable coin. Be discretionary.
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it might be the scars from Celsius talking: but if I had any funds on FTX's exchange at all I'd be getting it the hell out of there asap

some serious LUNA (in this case FTT), 3AC (in this case Alameda), Celsius (in this case FTX) de ja vu here
 
NarrowBandFtw said:
it might be the scars from Celsius talking: but if I had any funds on FTX's exchange at all I'd be getting it the hell out of there asap

some serious LUNA (in this case FTT), 3AC (in this case Alameda), Celsius (in this case FTX) de ja vu here
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How? Lunas design was fundamentally flawed which was the cause of its demise. FTT is an exchange token similar to BNB or KCS and FTX's success is dependent on exchange volumes and not the price of FTT.

In any case, SBF has some big hitters in his corner, its unlikely his exchange will go tits up. But its crypto after all :ROFL:
 
gustavo07 said:
How? Lunas design was fundamentally flawed which was the cause of its demise. FTT is an exchange token similar to BNB or KCS and FTX's success is dependent on exchange volumes and not the price of FTT.
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Similar to CEL as well, yes, which is a huge part of how Celsius went tits up: overvalue your balance sheet using a token that is worth nothing outside of your ecosystem and then use that to over leverage yourself on loans you cannot afford ... when the music stops it all comes crashing down

gustavo07 said:
In any case, SBF has some big hitters in his corner, its unlikely his exchange will go tits up. But its crypto after all :ROFL:
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indeed
 
Pro tip: If you want gainz, invest in low-cap alts with 100x upside potential. Wait two years. Then find yourself unable to cash out because the trading volume is too low and you end up selling at a loss.
 
L-Dog said:
LBRY lost a court case to the SEC which might set a president and there is a lot of FUD around FTX one of the biggest exchanges
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Ah, I read about that! Yeah, hectic news. My immediate concern was Ripple and their case with the SEC. Advocate John Deaton doesn't seem to think it will have any bearing on Ripple's case and he will be explaining later today as to why he thinks so. Will keep an eye on his Twitter feed for the explanation.
 
https://twitter.com/x/status/1590013613586411520

o_O

This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire http://FTX.com and help cover the liquidity crunch. We will be conducting a full DD in the coming days.

There is a lot to cover and will take some time. This is a highly dynamic situation, and we are assessing the situation in real time. Binance has the discretion to pull out from the deal at any time. We expect FTT to be highly volatile in the coming days as things develop.

Stay #SAFU.
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To think about this, FTX is a top #10 exchange (CEX), yet, here they are. Binance isn't even seen as a top #10 exchange even though they have the volume, but it is an "American" thing, so it largely depends on by who you are 'audited' by. Binance isn’t American, neither European. I am curious how this will look with Binance acquiring the FTX sweetheart. I like Binance, and I hope that they make the right decision.

The media has also started to dig into Binance because they are a Musk-Twitter equity partner.
 
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