đź—ž FTT surges following creditor repayment proposal
According to recent reports, FTX has suggested a plan to fully repay all the money to its creditors while some might even get some extra compensation.
The court approved this plan, which states that FTX will share between $14.5 billion and 16.3 billion in recovered assets.
🚀 Responding positively to the news, FTT has witnessed a robust surge in growth. Over the past 24 hours, FTT has gained 17.84%, reaching a price of $1.89.
FTT's trading volume has also skyrocketed by 244.36% in 24 hours, reaching $57.47 million, with a total market capitalization of $616.38 million.
💬 Will this legal resolution sustain FTT’s upward momentum? Please share your thought!
đź—ž FTT surges following creditor repayment proposal
According to recent reports, FTX has suggested a plan to fully repay all the money to its creditors while some might even get some extra compensation.
The court approved this plan, which states that FTX will share between $14.5 billion and 16.3 billion in recovered assets.
🚀 Responding positively to the news, FTT has witnessed a robust surge in growth. Over the past 24 hours, FTT has gained 17.84%, reaching a price of $1.89.
FTT's trading volume has also skyrocketed by 244.36% in 24 hours, reaching $57.47 million, with a total market capitalization of $616.38 million.
💬 Will this legal resolution sustain FTT’s upward momentum? Please share your thought!
In general, many financial experts support their clients’ desire to buy cryptocurrency, but they don’t recommend it unless clients express interest. “The biggest concern for us is if someone wants to invest in crypto and the investment they choose doesn’t do well, and then all of a sudden they can’t send their kids to college,” says Ian Harvey, a certified financial planner (CFP) in New York City. “Then it wasn’t worth the risk.” The speculative nature of cryptocurrency leads some planners to recommend it for clients’ “side” investments. “Some call it a Vegas account,” says Scott Hammel, a CFP in Dallas. “Let’s keep this away from our real long-term perspective, make sure it doesn’t become too large a portion of your portfolio.” In a very real sense, Bitcoin is like a single stock, and advisors wouldn’t recommend putting a sizable part of your portfolio into any one company. At most, planners suggest putting no more than 1% to 10% into Bitcoin if you’re passionate about it. “If it was one stock, you would never allocate any significant portion of your portfolio to it,” Hammel says.
Mr. Durov launched Telegram in late 2013 with his brother, Nikolai, just months before he was pushed out of VK, the Russian social-media platform he founded. Mr. Durov pitched his new app—funded with the proceeds from the VK sale—less as a business than as a way for people to send messages while avoiding government surveillance and censorship.
