En los últimos días, la incertidumbre que despertó FTT, el token emitido por el exchange FTX, dejó a muchas personas preguntándose cómo funcionan y qué les da valor. Aquí te lo explicamos. Source
The Facebook parent company Meta announced that about 13% of its current workforce has been cut in the first mass layoff in the company’s history. In a letter to his employees, Meta CEO Mark Zuckerberg announced the layoffs and also reiterated that the hiring freeze, which began earlier this year, will be extended into the first fiscal quarter of next year. According to the statement published through Meta’s newsroom, the layoffs terminated 11,000 jobs. The initial rumors of layoffs emerged over the weekend on Nov. 6 via Wall Street Journal…
Crypto liquidations across the market have ramped up in the last 24 hours. Digital assets in the space suffered declines in the last day, which has led to hundreds of millions of dollars being wiped from traders. These liquidations span the entire crypto market with hundreds of thousands of traders getting caught in one of the worst liquidation events of 2022. $830 Million Shaved Off Crypto Market In the space of 24 hours, there have been more than $830 million in liquidations recorded across the crypto market. It marks the…
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The chief executive of Coinbase is making it crystal clear to stakeholders that the top US-based crypto exchange has no investments in its troubled competitor FTX. Brian Armstrong tells his 1.1 million Twitter followers that Coinbase has zero “material exposure” to crypto derivatives exchange FTX, its native FTX Token (FTT) or its sister company Alameda Research. Armstrong’s statements come amid the abrupt collapse of the embattled crypto exchange FTX. Its native asset FTT is also in the midst of a total meltdown, plunging nearly 75% in the last 24 hours.…
Despite crypto markets being on a downturn, members of the community have expressed their undying faith that Bitcoin (BTC) and crypto are here to stay. Even with the FTX and Alameda Research debacle highlighting issues within the crypto market, a community member urged others not to be stressed. The Twitter user argued that the crisis was only a black swan event that only FTX CEO Sam Bankman-Fried (SBF), Binance CEO Changpeng Zhao and a few others could have seen coming. The community member believes that despite this, crypto is still…
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Convinced that cryptocurrencies are affecting the tasks performed by monetary authorities around the world, the Dutch central bank has urged for comprehensive international regulations. The call comes after research into the development of crypto assets and policy responses. ‘Proper Regulation Indispensable for Risky Cryptos,’ Dutch Central Bank Insists Bitcoin, tether, and other digital coins are affecting many of the tasks and objectives of central banks and supervisory authorities, according to Steven Maijoor and Olaf Sleijpen, members of the Executive Board of De Nederlandsche Bank (DNB). The two presented a new…
Flashbots, the research and development firm behind the software, apparently aims to make MEV extraction more equitable. It has been scrutinized, however, for contributing to Ethereum’s problem with centralization and censorship: anyone is allowed to build and deliver blocks through MEV-boost, but most validators opt to receive blocks pre-built by Flashbots itself, which censors out Tornado Cash transactions. Source
Following the FTT token, Solana (SOL) in particular is currently suffering a massive price slump. As a report revealed last week, the SOL token is one of the major assets on FTX’s balance sheet. If Binance pulls out of the FTX deal, it could mean a massive sell-off in SOL. Amid concerns about this scenario, the market already seems to be front-running. Over the past 24 hours, Solana (SOL) is down 36% and has slipped out of the top 10 by market capitalization. At press time, the SOL price recovered…