They should change the name to "BidenCoins"
BITCOIN
- Thread starter Weather Man
- Start date
They should change the name to "BidenCoins"
Dogecoin still up on the 3 month ( almost double )
I would hardly say crypto is dead. The company I work for is designing an expansion to a substation and an underground transmission line to serve a proposed Bitcoin mining facility in Texas.
A battery energy storage system is also being installed nearby the project location in the coming years.
These big renewable companies would not be investing hundreds of millions if they thought crypto was dead.
A battery energy storage system is also being installed nearby the project location in the coming years.
These big renewable companies would not be investing hundreds of millions if they thought crypto was dead.
Planning for big industrial projects is years in the making.
The crypto shit storm just became known in the last couple months.
Sent from my iPhone using the svtperformance.com mobile app
TESLA ENERGY!!
Oh no doubt. To illustrate that point, the geotech report that was completed for the project is from 2019.
The project is still going forward though.
I see you are in El Paso. The nearest city, with more than a few hundred people, to this project is Lamesa.
Well now we're getting bankruptcies and prices are holding steady.
The most interesting thing about this bear market to me is how people DON'T see it as an opportunity.
FTX was a shell company stealing customers funds... don't buy FTX token, terra luna was an algorithmic stable coin that got depegged and destroyed in real time...
We are getting instantaneous creative destruction, it quite possibly the greatest development ever... so much more transparent than normal market distortions.
Solana was s centralized V.C. backed knockoff of ethereum which sacrificed security for speed,
Suffered multiple outages and hacks, ok...shxt protocol.
Bitcoin hasn't skipped a beat through all of this. And Ethereum has show its utility in real time as well.
There is just so much damn opportunity right now, if you refuse to see it, that's on you.
Same thing with normal markets people are so focused on wether the S&P is gonna break below 3000 or hold 3200 that they can't look up say we're at 4000.
The most interesting thing about this bear market to me is how people DON'T see it as an opportunity.
FTX was a shell company stealing customers funds... don't buy FTX token, terra luna was an algorithmic stable coin that got depegged and destroyed in real time...
We are getting instantaneous creative destruction, it quite possibly the greatest development ever... so much more transparent than normal market distortions.
Solana was s centralized V.C. backed knockoff of ethereum which sacrificed security for speed,
Suffered multiple outages and hacks, ok...shxt protocol.
Bitcoin hasn't skipped a beat through all of this. And Ethereum has show its utility in real time as well.
There is just so much damn opportunity right now, if you refuse to see it, that's on you.
Same thing with normal markets people are so focused on wether the S&P is gonna break below 3000 or hold 3200 that they can't look up say we're at 4000.
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Crypto fraud in U.K. jumps by one-third to above $270M - report
Now!- Cryptocurrency fraud in the U.K., which is dealing with a cost-of-living crisis, mounted to 226M pounds (US$271.5M) in a single year, climbing 32% from October 2021 to September 2022, the Financial Times reported, citing data from the country's police unit, Action Fraud.
- The data also showed that the number of reported losses gained 16% to 10.03K at the time.
- “Whenever times are tough, fraudsters always seek to prey on less experienced investors by promising huge returns," said Hinesh Shah, a forensic accountant at Pinsent Masons, as quoted by the FT. He added that scams involving cryptos were greatly targeted at smaller and less sophisticated investors that were desperate to make a quick profit during last year's bull run.
- It would be interesting to see if the number of financial losses involving crypto rose even more after the ongoing fallout from crypto exchange FTX, which filed for Chapter 11 bankruptcy protection earlier in November. Action Fraud did not immediately respond to Seeking Alpha's request for comment.
- Previously, (Sept. 22) U.K. government unveiled bill to "seize, freeze and recover" crypto.
Litecoin actually woke up a bit and about time too as it's got a ton of utility
People forget how linked Lite has been with the UFC
another exchange bites the dust
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www.reuters.com
Crypto exchange Bitfront shuts down
Bitfront, a U.S. crypto exchange backed by Japanese social media firm Line Corp, said it has suspended new sign-ups and credit card payments and will cease operations in a few months despite efforts to overcome challenges in the rapidly evolving industry.
Right now it is the survival of the fittest. And sadly I don't think any are fit.another exchange bites the dust
Crypto exchange Bitfront shuts down
Bitfront, a U.S. crypto exchange backed by Japanese social media firm Line Corp, said it has suspended new sign-ups and credit card payments and will cease operations in a few months despite efforts to overcome challenges in the rapidly evolving industry.
Some FTX customers were told to send wire transfers through Alameda - report
SI -11.12%Nov. 28, 2022 5:45 PM ET11 CommentsSam Bankman-Fried's crypto exchange FTX reportedly found a way to win access to regulated banks by using his trading firm, Alameda Research, as a sort of intermediary.
Generally, lenders were unwilling to engage with crypto firms including FTX given their high risk profiles. In an effort to circumvent that issue, FTX and Alameda shared a tangled relationship, in which some FTX customers were told to send wire transfers through Alameda, which was allowed to have accounts at digital asset-focused bank Silvergate Capital (SI), Bloomberg reported, citing people with knowledge on the matter.
Silvergate (SI) stock, meanwhile, slid 8.8% in after-hours trading. The Federal Reserve member bank, which allows its customers to transfer fiat currency such as U.S. dollars into crypto exchanges, recently disclosed that its exposure to FTX was less than 10% of its digital asset customer deposits totaling $11.9B as of September 30.
The people added that some FTX customers kept sending wire transfers as recently as 2022. FTX, which filed for Chapter 11 bankruptcy protection earlier in November, did not immediately respond to Seeking Alpha's request for comment. The FTX-Alameda relationship was one of the first and primary triggers that ended up imploding SBF's crypto empire, so this news further spotlights their financial arrangement amid concerns about the misuse of client funds.
“It’s very bad practice and risk management in any book to mingle your customer funds with counterparty funds and other funds,” Alma Angotti, a partner at consulting firm Guidehouse, told Bloomberg. “This is a complicated set of facts and it’s hard to say at this point what was violated. It’s bad risk management and it’s sloppy at the very least.”
Previously, (Nov. 25) Morgan Stanley said Silvergate faces "wide range of outcomes and risks" from FTX fallout.
As much shit is talked about it..
I’ll keep it on ZRobinhood
I don’t need to mess with the 384772737472747 different tokens.
Doge
Lite
Ethereum
Bit
I’ll keep it on ZRobinhood
I don’t need to mess with the 384772737472747 different tokens.
Doge
Lite
Ethereum
Bit
Oh and baby doge aka Shib lol
Crypto lender BlockFi sues Sam Bankman-Fried for Robinhood shares - report
HOOD +1.20%Nov. 29, 2022 9:25 AM ET- BlockFi, the cryptocurrency lender that filed for bankruptcy protection earlier this week, had also sued FTX founder Sam Bankman-Fried's holding company, Emergent Fidelity Technologies, to recoup shares in Robinhood Markets (NASDAQ:HOOD) that were allegedly pledged to BlockFi as collateral three weeks ago, the Financial Times reported, citing loan documents.
- In a complaint filed on Monday, BlockFi noted that Emergent Fidelity Technologies defaulted on its obligations under a pledge agreement dated November 9.
- Emergent guaranteed the payment obligations of the borrower: Alameda Research, SBF's trading firm that had deep ties with FTX, the FT noted, citing legal correspondence.
- After entering the collateral deal with BlockFi, SBF still negotiated liquidating his Robinhood (HOOD) stake, two people with knowledge on the matter told the FT.
- Neither BlockFi nor FTX immediately responded to Seeking Alpha's requests for comment.
- Recall in May when Emergent reported a 7.6% stake in Robinhood (HOOD), equivalent to 56M shares at the time. HOOD stock gained 7.4% since then, but still down 66% from a year ago.
- Previously, (Nov. 28) some FTX customers were told to send wire transfers through Alameda.
Hilariously one of BlockFi's largest creditors is the SEC. They got slapped with a $100m fine that they have yet to pay.
BlockFi to Pay $100 Million to Settle with SEC and 32 States Over Crypto Lending Business
On February 14, 2022, the SEC announced that it had entered into a consent order (the “Order”) with BlockFi Lending LLC (“BlockFi”), a New Jersey-based financial services company. The SEC found, among other things, that BlockFi had failed to register the offers and sales of its retail crypto...
Hard to pay when, drum roll please.........................................when you are not worth anything other than what people say you are worth.Hilariously one of BlockFi's largest creditors is the SEC. They got slapped with a $100m fine that they have yet to pay.
BlockFi to Pay $100 Million to Settle with SEC and 32 States Over Crypto Lending Business
On February 14, 2022, the SEC announced that it had entered into a consent order (the “Order”) with BlockFi Lending LLC (“BlockFi”), a New Jersey-based financial services company. The SEC found, among other things, that BlockFi had failed to register the offers and sales of its retail crypto...www.paulweiss.com
Coinbase to delist bitcoin cash, ether classic, ripple, stellar, citing 'low usage'
Nov. 29, 2022 2:39 PM ETCoinbase Global, Inc. (COIN), BCH-USD, ETC-USD, XLM-USD, XRP-USDBy: Max Gottlich, SA News Editor3 Comments
Movus/iStock Editorial via Getty Images
- Coinbase Global's (NASDAQ:COIN) wallet service is set to delist cryptocurrencies bitcoin cash (BCH-USD), ethereum classic (ETC-USD), stellar (XLM-USD) and ripple (XRP-USD), citing their "low usage," according to the crypto exchange's website.
- The tokens won't be supported on Coinbase Wallet starting on December 5, but following that date, users will be able to make withdrawals with a recovery phrase.
- The move comes as major cryptos face tremendous downward pressure from a year ago against a backdrop of financial contagion effects hitting the industry, macroeconomic headwinds, and increased regulatory scrutiny.
- Looking at the chart below, bitcoin cash (BCH-USD) suffered the worst year-over-year drawdown among the four cryptos getting pulled out of Coinbase (COIN), nosediving over 80%.
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