According to the filing for bankruptcy of the FTX cryptocurrency exchange, the amount of debt obligations of the platform to the 50 largest creditors is $3.1 billion. The document does not indicate the names of the creditors of the crypto exchange, however, it is known that the amount of the largest debt is $225 million. The statement also says that the amount of debts to the 10 largest creditors is $1.45 billion. “The list of

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get

The Wall Street Journal (WSJ) has obtained a confidential document from crypto lender Genesis, in which he appeals to potential investors for financial assistance secured by a stake in the business. Crypto lending company Genesis unsuccessfully attempted to secure a $1 billion emergency loan before suspending withdrawals, the WSJ reports. on the balance sheet of Genesis. The crypto lender offered potential investors the opportunity to obtain a majority stake in Genesis, a stake in one

El Salvador’s President Nayib Bukele has announced that the country’s government will resume buying bitcoins. From November 18, El Salvador will buy one bitcoin every day. Nayib Bukele tweeted about this, but he did not specify how long the Bitcoin acquisition program will last. This statement speaks of the president’s confidence in the first cryptocurrency, despite the current market decline and its high volatility. “We are buying one #Bitcoin every day starting tomorrow.” Bitcoin was

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Bitcoin Policy co-founder David Zell believes that despite the negative impact of the collapse of the FTX exchange on the cryptocurrency industry, this will strengthen the confidence in bitcoin. Speaking on the TV show “Just the News, No Noise,” David Zell said that in the long term, the bankruptcy of the FTX trading platform will increase the adoption rate of bitcoin. Zell noted that, despite the sensational situation with FTX, many still believe in bitcoin.

Building a Diverse Trading Portfolio   A look at the importance of risk mitigation through diversifying your portfolio.   When it comes to online trading, portfolio diversification is a powerful tool used by investors to mitigate risk. This strategy involves investors holding multiple assets across varying markets, industries and geographical jurisdictions in order to spread their exposure and decrease the risk of loss due to one industry collapsing.     The Benefits of a Diversified

US Congressman Brad Sherman said that the collapse of the FTX exchange demonstrated the need for regulators to take more aggressive action against the industry. Brad Sherman has advocated an aggressive Congressional approach for years. According to him, in light of recent events related to the collapse of the FTX cryptocurrency exchange, he intends to study options for the formation of new laws together with other congressmen. He also expressed the hope that participants in

The developer of the eCash cryptocurrency, Bitcoin’s predecessor, is working with the Swiss National Bank (SNB) on the central bank’s digital currency privacy project. According to David Chaum, his Tourbillon technology will ensure the anonymity and quantum invulnerability of the central bank’s digital currencies. The system is scalable because it “uses an architecture compatible with, but not based on, distributed ledger technology.” Chaum’s blind signature concept avoids trade-offs between cyber resilience, scalability, and user privacy.

Analysts at investment bank JPMorgan believe that the fall of bitcoin is not over – the crisis associated with the lack of liquidity of the FTX exchange could lead to “cascading liquidations”. The JPMorgan analyst team, led by strategist Nikolaos Panigirzoglou, stressed that investors in the cryptocurrency market are just realizing the gravity of the situation, which is developing too rapidly. Analysts called this crisis “another step in the reduction of margin positions,” which could