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The FTT token was also a major factor in the implosion of FTX.New details about the investments of FTX Derivatives Exchange into BlockFolio, a crypto brokerage firm have been published by Bloomberg. According to the media firm, FTX financed over 94% of the $84 million it paid for the platform
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Bankrupt cryptocurrency exchange FTX used its own token, FTT, to fund the purchase of a majority stake in trading platform Blockfolio in 2020, Bloomberg reported Thursday. Original Source
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By uniting the brand identity, FTX is looking to rival Coinbase and other major trading platforms.FTX has announced that FTX: Blockfolio mobile app will now be called FTX mobile app. The crypto exchange had acquired the Blockfolio portfolio tracking app for $150 million in August 2020. Prior to that time,
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The Blockfolio brand is no more: One of the first genuine product brands in the cryptocurrency space, the mobile app that started as a portfolio tracker — and later morphed into a trading app under the stewardship of FTX — will now take its new owner's name.Blockfolio, which boasted a
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Trevor Lawrence, the presumptive number-one pick in the upcoming National Football League draft, has signed an endorsement deal with crypto portfolio-tracking platform Blockfolio.According to a report on Monday by the New York Times, the quarterback prodigy has already received a signing bonus from the Blockfolio endorsement deal in crypto.Commenting on
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Blockfolio has launched zero-fee cryptocurrency trading within its portfolio tracking app, according to an announcement Friday.The firm is also listing all tokenized stocks listed on derivatives exchange FTX in the trading service (available to non-U.S. users only). A Blockfolio representative told CryptoX that it decided to include these offerings due
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Cryptocurrency derivatives exchange FTX has acquired Blockfolio, the market’s leading mobile news and portfolio tracking app, for $150 million. The price was paid in cash, crypto and equity, the companies told CryptoX. Formally announced Wednesday morning in Asia, the deal is a strategic play for FTX, whose clientele consists largely of
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[sociallocker id="55298"] As of April 22, there are approximately 5,400 cryptocurrencies being traded with a market value of $201 billion United States dollars. The 24-hour daily trading volume has recently been hovering around $100 billion, a key indicator of the sector’s ongoing growth and active investor participation.It is a well-known
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The deadline for filing 2019 taxes in the United States is quickly approaching. Even for those declaring traditional income, the process can be lengthy to say the least. One of the biggest challenges for crypto holders in the US and beyond is how to declare their crypto assets and
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