Top 10 Cryptocurrencies Of October 1, 2024
Though the factors driving every crypto crash are different, it can be helpful to remember a few established investing principles, like choosing how much of your overall portfolio should be invested in crypto and remembering why you invested in the first place. ” The digital currency would be a digital https://aus-casino-gambling.com form of the sovereign currency that is backed by the central bank. The coin also enables participation in governance, and can be used as a liquid asset across applications deployed on the Sui blockchain. So, crypto is legal in the U. Each of our coin data pages has a graph that shows both the current and historic price information for the coin or token. Define not only how to create a cryptocurrency, but what problem you want to solve with your dApp and what audience it will target. The growing trend of proof of stake systems in blockchain consensus mechanisms is shaping the future of crypto projects. Sign up in minutes and start building your crypto portfolio. The Motley Fool has positions in and recommends Amazon, Avalanche, Solana, and Visa. But NEO packs extra appeal for businesses. The Elon Musk price page is just one in Crypto. One app, multiple DeFi services. If the asset remained inactive during a broader market rally, that could be a red flag. You can also manage your portfolio, monitor prices, and track market movements, anywhere, anytime. Make sure that you research and analyze before investing as the crypto market is highly volatile. Moving your cryptocurrencies from the exchange to your wallet or vice versa may incur withdrawal and deposit fees. Crypto marketplaces do not guarantee that an investor is completing a purchase or trade at the optimal price. Traditional business metrics such as liquidity ratios, which measure the solvency of traditional companies, are no longer relevant. Rhett started trading bitcoin, but things didn’t go to plan, and Rhett started losing money. So when we talk about any cryptos outside of bitcoin, all of those cryptos are considered altcoins. However, given the number of promising coins for investment with solid capitalization, it was decided to expand the list of top assets to 12, which are often included in the best crypto portfolios. Neither Atomic Invest nor Atomic Brokerage, nor any of their affiliates is a bank. For instance, 2018 saw a large number of ICO’s failing to raise enough funding or going out of business after their launch. Over 200 crypto markets on our award winning Spot Trading platform;. Traditionally, this strategy is used for investment properties like rental units, commercial buildings, or undeveloped land, enabling investors to build wealth and. Santa Clara, CA, October 3rd, 2024, Chainwire CARV, the largest modular identity and data layer for gaming and AI, today marks its most prolific quarter to date with over 10. It is the term used to describe the initial deposit you put up to open and maintain a leveraged position. These devices elevate the VR experience, offering high resolution visuals, precise motion tracking, and intuitive controls.
3 Solana SOL
Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority. At its core, LuckHunter revolves around a play to earn model, where users can earn LHUNT tokens by participating in various in game casino experiences and sports betting. When the blockchain transitioned to proof of stake in September 2022, ether ETH inherited an additional duty as the blockchain’s staking mechanism. Founded in 2019, FTX has quickly made a name for itself in the crypto derivatives niche. Amongst the five crypto projects listed in this article, LuckHunter stands out from the rest due to its unique market positioning in the $227 billion gambling industry. When trading, it’s important to always take steps to manage your risk. The cryptocurrency industry has witnessed remarkable growth over the past few years, and prospects for future growth remain strong. Currently trading at under $0. If the cryptocurrency that you received can’t be valued, you will have to take into account the market value of the crypto you sold at the time of the transaction. ” These are essentially empty functions that allow Ethereum wallets to monitor the activities of a contract. Key Way Investments Ltd operates capex. By July 2019, Bitcoin’s electricity consumption was estimated to be approximately 7 gigawatts, around 0. The tokens are backed by short term US Treasury bills and reverse repurchase agreements, which are supported by US Treasuries. TRX tokens can be traded on centralized crypto exchanges. Events in the past have raised concerns about these centralised exchanges and their management of user funds after one of the industry’s supposed leading lights, FTX, collapsed spectacularly, taking the local arms—FTX Australia and FTX Express—with it. The project is based on the Ouroboros unique consensus algorithm, which enables validators to participate in the creation of blocks based on their stake. Being a relatively new currency for investment TON is an innovative third generation blockchain that was originally developed by the Durov brothers who are also Telegram app founders. You’ll need to deposit funds on your cryptocurrency exchange or otherwise make a transfer. These sales are harder to access but provide benefits, such as lower prices and the potential for higher returns. “What’s never been refuted is the value of blockchain,” says Donovan. Cryptocurrencies can diversify your portfolio and hedge against inflation, as they are not directly tied to conventional market fluctuations. The case of Dread Pirate Roberts, who ran a marketplace to sell drugs on the dark web, is already well known. These devices offer the best balance of security and usability for long term storage. This compensation may impact how and where products appear on this site.
How to calculate your crypto taxes with Koinly
What Is a Flash Loan in Decentralized Finance. The best crypto exchanges in Australia offer 24/7 customer service via various channels, including live chat, email, and phone. Akash Network AKT is revolutionizing cloud computing with its decentralized marketplace. The COVID 19 pandemic has underscored the Internet’s benefits. This means that companies may need to navigate a complex and evolving regulatory landscape and may need to comply with a range of legal requirements, including tax laws, anti money laundering regulations, and data protection laws. Properties of cryptocurrencies gave them popularity in applications such as a safe haven in banking crises and means of payment, which also led to the cryptocurrency use in controversial settings in the form of online black markets, such as Silk Road. You’ll need to declare both in your Annual Tax Return in the same way you report your regular income, gains, and losses. Pi Network PI IoU token has dropped by over 75% from its highest point this year and is hovering near its lowest level since July. You can play casino games with your favorite meme coins on Memebet, which will reward token holders through its Play to Earn system. However, before looking deeper into each and every crypto asset in the list, we should first go over the basics of short term crypto trading. ¹ Additional service fee applies. There are cases where crypto is treated as income and thus attracts Income Tax directly without being subject to Capital Gains, even if you’re an individual investor. The results of the DID regressions confirm that the sentiment of tweets from these herding type cryptocurrency investors became relatively more negative after the cryptocurrency crash, providing evidence of a decline in investor sentiment among herding type cryptocurrency investors relative to that of traditional investors. Symbol links require client login. With November’s US elections on the horizon, the crypto industry has sensed an opportunity to help elect lawmakers who take a sympathetic view of the businesses. Both a cryptocurrency and a blockchain platform, Ethereum is a favorite of program developers because of its potential applications, like so called smart contracts that automatically execute when conditions are met and non fungible tokens NFTs. Here’s what the article that talked about the paper quoted, but if anyone can find the original paper, please comment and let me know. While registration exists to provide investors with an added layer of security, just because a firm, CTP or individual is registered does not mean they are without risk. The growing adoption of the Lightning Network, a layer on bitcoin that enables faster transactions, could result in bitcoin becoming more of a payment method rather than just a store of value. Cryptocurrency exchanges operating in the country are required to collect information about the customer and details relating to the wire transfer. It enables users to easily exchange between different asset classes directly, such as converting Bitcoin to gold or USD to EUR, without the need to convert to fiat first. 2023 which demonstrates how fuzzy methods of studying facial expressions are relevant to making sustainable financial decisions. A recent trend in crypto is the growth of DAOs Decentralised Autonomous Organization. Trade on ether regardless of whether it rises or falls, without having to own any coins.
About us
These cryptocurrencies are not similar to speculative assets, which will lose their value once the trend ends. Cryptocurrencies are virtual currencies that use cryptography for security. Here is a list of our partners and here’s how we make money. Cryptocurrency is not regulated or tracked by any centralized authority, government, or bank. There are also other ways to invest in crypto. Over 2 Million Investors Trust Mudrex for Their Crypto Investments. They use their digital identities and digital wallets to authenticate transactions securely. To download your crypto tax report, upgrade to a paid plan from $59 per year. Add articles to your saved list and come back to them any time. Learn Crypto From Scratch. After all, shorn of their anonymity, distributed ledgers like blockchain can be a boon for regulators: they can provide visibility, for instance, on who owns what. One of Kraken’s key strengths is its extensive selection of cryptocurrencies. Pangolin Colombian Peso. The remittance economy is testing one of cryptocurrency’s most prominent use cases. 1 Best Finance App, Best Multi Platform Provider and Best Platform for the Active Trader as awarded at the ADVFN International Financial Awards 2024. Fast track your call, see expected wait times and connect with a specialist in the CommBank app. Be aware that a hacker can potentially steal the contents of your digital wallet. However, the world has a sharp difference in opinion on adopting cryptocurrencies. In this article, we’ll explore the best methods for generating passive income with crypto, including staking, yield farming, and crypto lending. EToro is one of the top crypto brokers. There is also considerable concern with regards to their volatile nature and potential for exploitation. Access to the digital yuan app is restricted, and downloading it from international app stores won’t work if your phone’s location isn’t in one of these areas. This means the value can go up and down, so people buy and hold cryptocurrencies in the hope that they will be able to sell them for a higher price in the future. Hackers hit Coincheck to the tune of $534 million and BitGrail for $195 million, making them two of the biggest cryptocurrency hacks of 2018. Only months after the cryptocurrency crash studied in this paper, the FTX Exchange collapsed, a bank run occurred, multiple leading global figures in the cryptocurrency market as of May 2022 are now in prison, illicit activities have been financed, and taxpayers have lost billions of dollars bailing out cryptocurrency investors. Using a wallet and decentralized exchange, on the other hand, means you’re the only one that has access to the cryptocurrency—you don’t give up control or have to share your identity with a private company.
Can you make money with cryptocurrency?
The MemeVault will go live after the presale ends, giving you enough time to load up on $STARS tokens. NFT rarity ranking is associated with the uniqueness or scarcity of a nonfungible token in. Finding the right balance between convenience and privacy, among many other considerations, would require computer scientists to work hand in hand with their colleagues in the humanities and social sciences. You can easily make trades on our exchange website and securely store your coins in your free crypto wallet. Similar to Swyftx, the platform takes a beginner friendly approach with its sleek interface and simple navigation. The ATO could even have your crypto transaction data from as far back as 2014. Be aware that a hacker can potentially steal the contents of your digital wallet. However, with the introduction of smart contracts, non fungible tokens, stablecoins, and other innovations, additional uses and capabilities for cryptocurrency are rapidly evolving. Will your blockchain be centralized, as we see in most stablecoins, so that supply is controlled in order to match the underlying security to back up the value of the cryptocurrency, such as Tether Gold. Transactions are pseudonymous. This involves looking beyond simple price trends to understand the underlying factors driving market movements and how they can inform future crypto price predictions. There’s a simple 1% fee on all crypto and fiat conversions, and a 2% fee on instant buys via card, Apple Pay and Google Pay.
Polygon Ecosystem Token POL
Decentralized exchanges operate without a central authority, allowing users to trade directly with one another. It uses blockchain technology to function on decentralized networks. It’s only when you pair current prices with historical data, statistics, news, and more that you get a full picture of a coin’s performance. Our website and marketing collateral use reference rates as an indicator only and should not be used for decision making. Some of the top performing cryptocurrencies in Australia currently include. Of course, it’s also possible to name your token for the meme value. Flockerz presale raises over $370K in opening days. Uniswap faces significant competition from other decentralized exchanges and platforms offering similar services and features. Interactive Brokers: 4. Consider the crypto Fear and Greed Index over time: In November 2022, after the collapse of FTX, a leading crypto exchange, the Bitcoin Fear and Greed Index was 12. Securities that enable speculation on Bitcoin prices are already regulated, but there is not much more the government can or ought to do. Our best crypto exchange picks are based on the 2024 Crypto Trading Platform Awards and 2023 Finder Customer satisfaction Awards. Despite the short term volatility, cryptocurrencies’ fundamental value propositions remain strong. In comparing various financial products and services, we are unable to compare every provider in the market so our rankings do not constitute a comprehensive review of a particular sector. Investors who want to keep their cryptocurrency secure can benefit from using strong passwords. You might be using an unsupported or outdated browser. I enjoy writing on topics like personal finance and investments. In October 2011, Litecoin was released, which used scrypt as its hash function instead of SHA 256. Recent popular examples include AI generated artwork – where a program interprets user prompts, written in natural language, to create pieces of digital art, and ChatGPT, an application which is able to ‘write’ according to a brief submitted by the user. Think of it like a giant never ending receipt of all the system’s transactions that is being constantly verified by everyone who can see the receipt. However, some exchanges are considered to be more secure than others based on factors such as the strength of their security measures, the transparency of their operations, and their compliance with regulatory requirements.
Why could Cardano ADA be the next crypto to explode?
Toncoin—first known as Gram—is the native token for TON. Since their inception, these ETFs have seen some of the largest inflows of any ETF in history, marking them as one of the most successful ETF launches ever. These assets are transferred from one user to another by using digital signatures with asymmetric key pairs. It was designed toallow peer to peer or person to person transactions, without the need to know or trust theother person in the transaction, and to occur without the need for a central party such as abank. Under the terms of his bail, the 30 year old former crypto executive was allowed to live under house arrest with his Stanford law professor parents in Palo Alto, California, while wearing an electronic monitoring bracelet. Removes single points of failure. After you launch, don’t neglect cryptocurrency maintenance and management. The PoW consensus algorithm used to verify transactions requires large amounts of electricity which is often produced by burning fossil fuels, emitting carbon dioxide and other greenhouse gases that are heating the planet. Identify the top performing cryptocurrency within the top 10, relative to Bitcoin, over the next seven days, one month, and three months. It’s an online platform and digital marketplace where eligible participants can check and compare cryptocurrency prices, buy and sell virtual currencies, exchange crypto assets, and convert them into fiat funds. In fact, staking rewards are doubled compared to Layer 1 projects, making $PEPU a standout. Really easy and intuitive platform. Cryptocurrency gains value primarily through the laws of demand and supply.
Top 1 Cryptocurrency for a New Investor in 2024, and Why It’s Not Solana SOL or Ethereum ETH
Remember that indicators can’t tell the entire story, and a trader should also be aware of the underlying fundamentals. The Brookings Institution is a nonprofit organization based in Washington, D. Digital currencies like cryptocurrencies continue to be worthwhile investments for many investors. It operates by incentivizing participants to contribute their computing resources and AI models in exchange for TAO tokens, the native cryptocurrency of the Bittensor ecosystem. Each token will have unique features based on the DeFi protocol that it relates to. Yet if you can separate quality projects from mere hype, there is potential to make market beating returns with just a few well thought out decisions. Let’s delve into the most crucial points of this section in more detail. The easiest way to start generating crypto rewards on Coinbase is through Coinbase Earn. Alternatively, you can use software wallets or mobile apps for smaller amounts of cryptocurrency, but be sure to research their security features thoroughly. ■ Requires high skills. A new block of transactions is compiled approximately every ten minutes.
Ethereum Name Service
According to Bitcoin enthusiast Andreas Antonopoulos, while a public key is the digital signature of a wallet’s address, the wallet’s address results from a double hash produced by the SHA 256 algorithm, making it more difficult to hack. If there isn’t enough capital in the market, you might need to sell at an unfavorable price. Tokenomics sits at the heart of any crypto project; it effectively determines the long term demand and supply balance. Here are some examples. Centralized money refers to the regular money that we use, which is governed by authorities like the Reserve Bank of India. Gemini is a platform that allows customers to buy, sell, store, and earn cryptocurrencies like bitcoin, ether, and DeFi tokens. On 5 August 2021, the chairman, Gary Gensler, responded to Warren’s letter and called for legislation focused on “crypto trading, lending and DeFi platforms,” because of how vulnerable investors could be when they traded on crypto trading platforms without a broker. We collect latest sale and transaction data, plus upcoming NFT collection launches onchain. While the markets of proven cryptocurrencies are often overheated, which reduces the likelihood of rapid growth in quotes. This type of exchange is ideal for users seeking privacy and flexibility in their transactions. How many cryptocurrencies are there. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. We will contact you within a few business days if we are interested in working with you. We’ll continue to closely monitor the impacts of these scam response measures, which will be subject to ongoing review. Just note that the Shiba Inu token is probably best for scalping because it costs only a fraction of a dollar, and, even though its price fluctuates a lot, the range in which it does is very small. Please refer to FSG General Insurance We hope that the information and general advice we can provide will help you make a more informed decision. An important note: Some crypto investment apps claim to charge zero fees, but this isn’t entirely accurate. Although the biggest PoW blockchains consume energy on the scale of medium sized countries, the annual power demand from proof of stake PoS blockchains is on a scale equivalent to a housing estate. In January 2024 the SEC approved 11 exchange traded funds to invest in Bitcoin.
Keep Network
You can grab $MGMES in its ongoing ICO for just $0. 24/7 dedicated support and easy to sign up. From April 2016 to the end of October 2024, its price went from about $11 to around $2,611, increasing 23,634%. New cryptos are created all the time, but many aren’t well structured and don’t last. This token offers high staking rewards, reduces gas fees, and is soaring on presale. For instance, holders of the token will be able to participate in AI K star events, access premium content, and also participate in the decisions that could influence the future of the ecosystem. Such an approach may be particularly appealing to investors with a high tolerance for risk who would be willing to bear the notorious volatility of the digital asset market in exchange for the prospect of substantial monetary gain. The XRP Ledger Foundation’s XRP is designed for financial institutions to facilitate transfers between different geographies. For futures trading, MEXC charges as low as 0% for makers and 0. IO account, it may be accessed from a web browser, or via our mobile app. Earn a $150 bonus when signing up. This system enables artists, individuals, and companies to carry out rendering tasks more affordably and quickly than traditional centralized options. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. That’s because bitcoin represents more than 45% of the total cryptocurrency market. He favoured following IMF and FATF guidelines in this regard.
Protect Your Money and Avoid Investment Scams
We’ll explore some of those dynamics more below. Rivalcryptocurrencies like Ether have experiencedsimilar volatility. Despite criticism for its slow approach, Cardano’s method ensures robust and sustainable development. Before June 2021, China was the primary location for Bitcoin mining. 2% maker/taker for USDC options trading. Market capitalisation comparisons, such as matching that of gold, suggest it could be valued at several hundred thousand dollars per BTC. The Sui team appears to have put a significant focus on gaming, as they have announced a mobile gaming device called SuiPlay0x1, which will provide native support for Sui games, as well as games on the popular Steam and Epic Games platforms. Should Investors Worry. When covering investment and personal finance stories, we aim to inform our readers rather than recommend specific financial product or asset classes. In turn, this could also make content less expensive for consumers. There are thousands of options, and it’s better to spread your investment across several currencies. For those looking to invest in the future of DeFi, Uniswap presents a compelling choice. Cash App Investing review. In the first place, the whole purpose behind cryptocurrencies is to create an item of tradeable value, not simply to record or to impart in confidence knowledge or information:. By integrating DeFi elements, Pepe Unchained aims to provide real utility to its holders, making it more than just a meme token. Their existence is bound to a distributed and decentralised ledger. Wall Street Memes WSM is a recently launched meme coin. This means there is no centralized authority overseeing the transactions on a cryptocurrency’s blockchain. You earn money by displaying ads, purchases, subscriptions, etc. Bitcoin specifically has been a top performer, having recently been boosted by the Federal Reserve’s interest rate cut. Buying and trading cryptocurrencies is a high risk activity. The capped supply of 45 billion ADA tokens is used for transaction fees and as a staking token in the proof of stake PoS system. According to Bloomberg and the New York Times, Federation Tower, a two skyscraper complex in the heart of Moscow City, is home to many cryptocurrency businesses under suspicion of facilitating extensive money laundering, including accepting illicit cryptocurrency funds obtained through scams, darknet markets, and ransomware. Though this might not address all of the challenges in crypto industry, it was a significant milestone in the US cryptocurrency regulation history.
Why William Hinman`s Emails Matter to the XRP Army and the Crypto’s Price
Since its inception, its price has risen tremendously. We think it is very likely that blockchains with a solid foundation and significant traction prior to this year are going to maintain their dominance in 2024. Bob receives thecryptocurrency. Sapir said the ETF would expose bitcoin to a wider range of investors without the hassle of setting up accounts with cryptocurrency providers. Some songwriters and musicians are creating NFTs from their music. Jupiter also enables investors to dollar cost average their investments. IO has offices in the U. Let’s quickly go over the most common types of crypto wallets. Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate on blockchain technology. “Most Countries Have Failed to Implement Travel Rule. Nothing kills a cryptocurrency faster than its founder disappearing into thin air. JetBolt’s application extends beyond simple transactions; it also supports smart contracts, enabling developers to build decentralized applications dApps that can benefit from JetBolt’s speed and security. The return on investment in promising cryptocurrencies is significantly higher than that of fiat money, stocks, and other traditional assets. So instead of depositing $5000, you’d only need to deposit $500. The network uses multiple oracles to mitigate the risk of any single point of failure. Swyftx is a beginner friendly exchange based in Australia that supports over 310 crypto assets. Easy Crypto is one of the more popular crypto exchanges that markets in Australia and New Zealand can access. Measure advertising performance. 0 experience where community developers can build decentralized applications dApps for millions of users. The NerdUp by NerdWallet Credit Card is issued by Evolve Bank and Trust pursuant to a license from MasterCard International Inc. The Wall Street Journal has commented that the crypto sector has become “intertwined” with the rest of the capital markets and “sensitive to the same forces that drive tech stocks and other risk assets”, such as inflation forecasts. Please be aware that the mainnet has not been released yet, and the prices displayed on specific exchanges are for IOUs, which might not be usable across different exchanges. The Qoin Wallet App includes a gateway to the Q Shop. Investing in Binance Coin during a market dip is a strategic move due to its strong utility and the robust support of the Binance Exchange.
Bitcoin Not a Safe Haven From Geopolitical Risks, but Still Buy the Dip: Standard Chartered
Asset prices are sourced prices from multiple platforms, which helps us improve liquidity. Further crypto currency lending activities may fall within the scope of credit activities and services pursuant to the National Credit Consumer Protection Act 2009 see recent cases for an example. In a proof of stake blockchain, transactions are validated by holders of the associated cryptocurrency, sometimes grouped together in stake pools. Coinstash is AUSTRAC registered and requires a photo ID and some personal information in order to verify your account. For assets, including crypto, you’ve had more than a year, you’ll receive a 50% discount and pay much less tax. Expressing his public policy opinion on the Indian cryptocurrency market to a well known online publication, a leading public policy lawyer and Vice President of SAARCLAW South Asian Association for Regional Co operation in Law Hemant Batra has said that the “cryptocurrency market has now become very big with involvement of billions of dollars in the market hence, it is now unattainable and irreconcilable for the government to completely ban all sorts of cryptocurrency and its trading and investment”. Your financial situation is unique and the products and services we review may not be right for your circumstances. “Investing In The Millennium Sapphinre STO. We provide unbiased cryptocurrency data for the community, whether to help you make an investment decision or check the value of your crypto assets. On 23 March 2023, the SEC issued an alert to investors stating that firms offering crypto asset securities might not be complying with US laws. The development of Toncoin is led by an organization called the TON Foundation, which has no formal association with Telegram. Many of the cryptocurrencies that are outperforming Bitcoin this year have significantly more limited use cases. The FBI’s Internet Crime Complaint Centre fielded more than 1,800 reports of crypto focused romance scams in the first seven months of 2021, with losses reaching $133 million. Solana hosts a wide range of applications, from DeFi to NFTs, attracting developers and users with its rapid, low cost transactions.
$0 735
Are you interested in knowing which the hottest dex pairs are currently. This includes a cyberattack on Japanese crypto exchange Liquid that has been linked to North Korea. Her career spans writing on personal finance with expertise in the cryptocurrency market. 4 times doing kyc after already doing it last year. The recent approval of the world’s first Solana ETF by the Brazillian SEC could pave the way for further expansion of regulated crypto investment products globally, pending approval by Brazil’s local stock exchange, B3. IO’s community centric approach to promoting discovery in the digital economy is backed by proven experience. The news article was really an advertisement. To start mining PI, users must download the Pi Network app and sign up using an invitation code, usually received from the person who referred them. A portmanteau of “alternative” and “coin”, any cryptocurrency other than Bitcoin and some say Ether as well is technically considered an altcoin. The evolution of educational spaces has always been pivotal in enhancing the learning experience. Binance aims to make cryptocurrency exchanges an essential part of global financial activity. Shortly thereafter, Nick Szabo described bit gold. MEXC’s interface is straightforward and user friendly, perfect for those who might be new to the crypto scene or anyone looking for hassle free trading. This utility isn’t outlandish; it builds on existing mechanics. “Any investor considering adding cryptocurrencies to their portfolio must be fully aware that it is a hugely volatile market to be in, with the price often extremely unpredictable. Roger Lowenstein, author of “Bank of America: The Epic Struggle to Create the Federal Reserve,” says in a New York Times story that FTX will face over $8 billion in claims.