Looks like the #collapse of #ftx will cause #contagion across #crypto #coins according to #jpmorgan https://www.zerohedge.com/markets/jpmorg.. Worse still, given the fact that #traditional #finance are #invested in #crypto , this could even bleed across #markets too. Oh very dear.
@barray on Fri May 13 10:08:51 UTC 2022 said: &e#terra #luna #crypto #stable #coin is #failing and also dragging down the likes of #tether with it: https://community.intercoin.org/t/what-b.. These #coins are supposed to be #pegged to the #us #dollar ...Interesting, the #crypto #market is all over the place. In this case #bitprime - a #retailer has been absolutely hammered: https://www.bitprime.co.nz/important-not.. #rumours suggest that big names like #tether may also be in trouble - and if the #stable #coins go, then the #value of #crypto mostly falls out for many people.
Interesting, the #crypto #market is all over the place. In this case #bitprime - a #retailer has been absolutely hammered: https://www.bitprime.co.nz/important-not.. #rumours suggest that big names like #tether may also be in trouble - and if the #stable #coins go, then the #value of #crypto mostly falls out for many people.
Looks like #crypto is screwing up #nigeria 's #economy https://www.theguardian.com/technology/2.. The problem is, people use it to #bypass #taxes and then the #government can't be effective... #coins are *begging* for #regulation - it's very clear that any form of #capitalism *will not work* if there is no #market #regulation ! And they want to introduce #britcoin in the #uk !
I have a #theory that #coins are about to be taken out of circulation in favour of #microtransactions https://aardvark.co.nz/daily/2021/0618.s.. I believe we will first see the banning of #crypto and then a government-backed version will emerge from the likes of #visa or #mastercard - after which will become #microtax on person to person transactions. Watch this space, I really believe it will happen.