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Category: FTX

FTX Continues to Spread Brand Awareness With Formula One Team Mercedes-AMG Petronas Sponsorship Deal

FTX, one of the leading cryptocurrency exchanges, has signed a long-term partnership deal with the Formula One (F1) Team, Mercedes-AMG Petronas as announced on Thursday. While FTX has made numerous other collaborations in the last year, this particular one is set to scale significantly from the benefits that come with the deal. While full details […]

The post FTX Continues to Spread Brand Awareness With Formula One Team Mercedes-AMG Petronas Sponsorship Deal first appeared on BitcoinExchangeGuide.

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FTX’s Bahamas-based Subsidiary Becomes a Registered Entity

FTX Digital Markets, the Bahamian subsidiary of rapidly growing crypto derivatives platform FTX, announced on Monday that it is now a regulated entity. The Bahamas-based platform has been registered by the Securities Commission as a digital assets business under the Digital Asset Registered Exchanges Bill or the “DARE Act.” This Act which establishes a full […]

The post FTX’s Bahamas-based Subsidiary Becomes a Registered Entity first appeared on BitcoinExchangeGuide.

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BIC’s Video News Show: Sam Bankman-Fried

In this episode of the BeInCrypto video news show, host Jessica Walker takes an in-depth look at Sam Bankman-Fried, the founder and CEO of FTX, the third-largest crypto exchange in the world at the time of recording. He’s currently worth around $10 billion according to his own estimates, but he’s not your usual billionaire.

The post BIC’s Video News Show: Sam Bankman-Fried appeared first on BeInCrypto.

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FTX Token Marks A New High Due To Crypto Exchange’s NFT Launch

Following the launching of an NTF marketplace by FTX crypto exchange, the price of FTT hit a new all-time high. FTT is the native token of the FTX crypto trading platform. As FTX crypto exchange launches its NFT marketplace for us residents, the native token FTT on Tuesday hits $83. This is a new all-time high for the utility token; FTT gives the holders unique advantages like reduced trading fees. It also allows them access to staking opportunities so they can earn percentage rewards. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course According to CoinGecko data, although the token by press time dropped to $75.12, it has gained 12.2% in the past day. FTT has also reached a high of 69% within the week. The FTX token is in bullish momentum and aims to recover previous losses | Source: BTCUSD on TradingView.com The high price made the token market cap increase to $8.44 billion, making FTT the 26th biggest digital asset. This development happened amidst the FXT launch of its marketplace for NFTs (non-fungible tokens). NFTs are crypto assets you can attach to internet files to prove ownership for artworks, music, concert tickets, and videos. FTX Launches NFT Platform in the United States Yesterday, the NFT marketplace of FXT kick-started operation with a wave movement. To correct this, FTX US has raised the minting fee of the new NFT to $500 briefly, then to $10. Sam Bankman-Fried, before the incident introduced his Test NFT, it was sold initially for $10 on the FTX US. Sam is the CEO and founder of the company, and his Test NFT sold for barely $270,000. The CEO had expected the NFT marketplace on FXT.com to be ready for launching in a few weeks. However, the NFT marketplace on the website FXT.com is the main platform of the exchange. The NFT marketplace on FXT.com is similar to the marketplace on FXT.US will be cross-chained natively. In addition, it will support both Solana and Ethereum blockchains. According to records, FTX is just among the crypto exchanges that explore the non-fungible tokens this year. In June, the popular crypto exchange Binance had launched an NFT marketplace with a project known as “100 Creators”. Binance NFT platform features exclusive NFTs designed by global leading artists, events, and buy premium. Related Reading | Panama To Recognize Bitcoin As Payment Alternative, Issues New Regulations Earlier this month, another renowned exchange OKEx also trailed the path of introducing its version of the NFT platform. The platform will be for buying, selling, and even minting NFT across the exchange ecosystem. OKEx is the world’s second-biggest crypto exchange in terms of volume, and each of its NTF is unique and unchangeable. Featured image from Pixabay, chart from TradingView.com
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FTX Intensifies its Marketing Efforts with A New Ambassador and Shareholder, NBA’s Stephen Curry

“Just getting started in the crypto game…y’all got any advice??” tweeted basketball star Stephen Curry on Monday. And just a day after soliciting advice, Curry announced a partnership with the cryptocurrency exchange FTX. “I’m excited to partner with a company that demystifies the crypto space and eliminates the intimidation factor for first-time users,” he said […]

The post FTX Intensifies its Marketing Efforts with A New Ambassador and Shareholder, NBA’s Stephen Curry first appeared on BitcoinExchangeGuide.

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FTX Launches Cross-Chain NFT Marketplace for Both US and Global Users

Cryptocurrency exchange FTX now allows anyone to make their own non-fungible tokens (NFT). On Monday, the CEO Sam Bankman-Fried took to Twitter to share that the DIY NFT listing is available on both FTX for global users and FTX.US for its American users. Just two weeks back, in an interview with CNBC, Bankman-Fried had noted […]

The post FTX Launches Cross-Chain NFT Marketplace for Both US and Global Users first appeared on BitcoinExchangeGuide.

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FTX Introduces One-Time NFT Submission Fee Because of Too Many “Pictures of Fish”

FTX.US launched an NFT marketplace for US customers earlier today with cross-chain NFT minting support. The platform allows US customers to submit their NFTs for free, but that prompted many to spam the platform with pictures of fish. Sam Bankman-Fried took to Twitter to announce that the platform would now charge a one-time fee of

The post FTX Introduces One-Time NFT Submission Fee Because of Too Many “Pictures of Fish” appeared first on Coingape.

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Why the FTX.US/LedgerX Deal Indicates Crypto M&A Might Start Booming

Steven Ehrlich, director of research for digital assets at Forbes, discusses the FTX.US-LedgerX merger, what to expect from FTX going forward, DeFi regulation, and more. Show highlights: why the FTX.US[…]

The post Why the FTX.US/LedgerX Deal Indicates Crypto M&A Might Start Booming appeared first on Unchained Podcast.

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FTX to Offer Derivatives Trading to US Customers Through the Acquisition of CFTC-Regulated Exchange

The US is a “huge untapped opportunity.” By combining the forces with the regulated LedgerX that offers futures, options, and swaps on Bitcoin and Ether, FTX.US wants to build the “best-in-class derivatives exchange in the U.S.”

The post FTX to Offer Derivatives Trading to US Customers Through the Acquisition of CFTC-Regulated Exchange first appeared on BitcoinExchangeGuide.

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FTX Bags Naming Rights Of Cal Memorial Stadium For $17.5M To Display Their Brand

Cal Memorial Stadium has sold its naming rights to FTX during its second vital branding move. This venture was put forward after the purchase of the Miami Heat Arena’s naming rights in March. FTX is a Crypto derivative exchange that bought the Cal Memorial Stadium from California University. This move by FTX aims to introduce its brand to the stadium. This derivatives exchange owned by Sam Bankman-Fried is exploring further in sports. That is why; they have made a 10 year deal of $17M just for the university’s stadium naming rights. The stadium’s home team, the Cal Golden Bears, will now carry the new brand to create more crypto awareness. As stated by Bloomberg, from now onwards, anytime the home team will play their game this season, they will be wearing the latest FTX Field brand. Related Reading | Total Cryptocurrency Market Cap Value Surges Across $1.9 Trillion Setting A New Record Furthermore, the $17 million deal for the university’s naming rights is paid in cryptocurrency assets. This current deal is the latest inroad into sports sponsoring to create more awareness for crypto. FTX U.S. Partnered Miami Heat Basketball squad Last March, FTX.US, a North American sector of this same exchange, signed a naming rights contract with the Miami Heat Basketball squad. Due to this partnership, the stadium’s home team was rebranded to an FTX Arena. The organization also becomes the formal crypto exchange of MLB {Major League Baseball}. This is a segment of the sponsorship contract which is anticipated to remain for about 5 years. In fact, all the Major League Baseball umpire is expected to wear the firms’ mark on their respective uniforms. Countless FTX executives have time-honored ties as well with the Cal Golden Bears. For instance, Sina Nader, the COO (Chief Operating Officer), serves as a Golden Bears walk-on member during his undergraduate years. Last June, Tom Brady, the quarterback seven-time champion of the Super Bowl, and Gisele Bündchen, his wife, became Crypto derivative exchange’s partners to encourage crypto adoption. Because of this deal, Bündchen and Brady collected FTX equity stakes, each thus receiving crypto in exchange. Furthermore, according to the report from our source on the 20th of July, FTX breaks the funding record of crypto. They raised their funding to $900 million to take on an “exchange decacorn” position. This particular company is worth more than $10 billion. Related Reading | Microsoft To Fight Piracy With Ethereum, Introduces Project Argus This latest deal by FTX as the Major League Baseball official sponsor has prepared the way for a wider and acceptable awareness for digital assets. According to the tweet on Wednesday by Sam Bankman-Fried, this five-year contract may evolve to include alliances. Featured Image From Pixabay
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