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The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.

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Wrapped Tokens Issued by FTX or Alameda Slumps, No Longer Redeemable

Following the filed Chapter 11 bankruptcy from FTX, the wrapped tokens issued by the crypto exchange or its sister trading shop Alameda Research have now undergone a price decline.

by Samuel Edyme
Nov 13, 2022

CRYPTOCURRENCY

Wrapped Tokens Issued by FTX or Alameda Slumps, No Longer Redeemable

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