Even #tether #usdt #stablecoin #crypto is under a lot of #pressuer after the #ftx #crash https://www.coindesk.com/markets/2022/11.. Madness!
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.
A lot of #companies are about to lose #billions in the #ftx #crypto #exchange , with very large #investors such as #blackrock and #softbank amongst them: https://www.zerohedge.com/markets/here-a.. These same people have the #audacity to tell us how to #invest our #money , and tell us how to run our #society . Any person with a slightly fucntioning #brain could see #crypto #markets are a #scam . *IDIOTS.* Who will #pay ? It will be the #poor who cover their loss.
#ftx #billionaire #sambankman appears to be completely #destroyed by #binance 's #changpengzhao https://www.zerohedge.com/markets/sam-ba.. The #crypto world has begun eating itself, and I suspect this only gets worse.
This #article does a great job of #summarizing why #bitcoin #crypto is #doomed to #fail https://cryptostackers.substack.com/p/bi.. It #leaks #value for anybody who #holds #longterm , #mining #costs will keep #inflating over time, they #refuse to #upgrade their #network , the #community is somewhat of a #cult , and much more. If #bitcoin #btc falls, so does pretty much all of the #crypto #market .
Hah, the #us 's #biden #administration are looking to create a #us #dollar #crypto #coin https://apnews.com/article/cryptocurrenc.. This likely means they could #print more #money without the need to actually #print it. One could also imagine it would be useful for them to be able to #control people's #accounts . This of course is all about #tax and nothing else.
Ah, and so the #crypto giants fall. One of the #founders of the #crypto #currency #terra #stablecoin is now #wanted in #southkorea https://www.zerohedge.com/crypto/south-k.. I expect more #manhunts soon...
Apparently the #eth #crypto switch from #pow to #pos has killed *all* #gpu #mining of the #coin , and the #miners have been largely #unsuccessful switching to other #coins https://www.pcgamer.com/reasons-to-be-ch.. Apparently all it took was 24 hours!
And this is why #crypto is #dangerous https://medium.com/@OptiFi/optifi-progra.. #optifi just lost their entire #business because of a single #bad #command ... In a normal #financial #institution there may have been a way to undo this, but #crypto #defi , nope.
Looks like #vauld have now #suspended all #withdrawals on their #trading #platform - yet another #crypto #victim https://www.vauld.com/blog/corporate-sta.. Damn. Another #crypto #crash is imminent.
#voyager - a #crypto style #bank , is now #insolvent due to #threearrowscapital https://www.investvoyager.com/blog/voyag.. This will likely lead to more heavy #crypto #trading - which will likely #stress #tether #usdt even more.
Looks like #coinbase have been #helping #authorities #geolocate and #trace #customers of #crypto https://www.zerohedge.com/markets/coinba.. So much for the #dream of #decentralization for this #nasdaq listed #company ... If only somebody could have seen this coming...
Very interesting, the #crypto #hedge #fund #threearrowscapital have #failed to #repay a $670 #nillion #dollar #loan https://www.cnbc.com/2022/06/27/three-ar.. Looks like the floor is caving in...
#goldmansachs are looking to raise $2 #billion #dollars to #buy #celsius ' #crypto #assets according to #coindesk https://www.morningstar.com/news/dow-jon.. This doesn't look good for the #celsius #network - I fully expect this to fall through and this may even be a #strategic #leak to #pump the #stock .
#solend , one of the largest #crypto #lenders on #solana is struggling with #liquidation and could be about to #crash https://old.reddit.com/r/CryptoCurrency/.. The runners have created a " #genius " #idea to #seize the #whale 's #assets and #control them. I'm sure this will not go badly at all... SO much for #decentralization .
It's no longer #profitable to #mine #bitcoin https://finbold.com/bitcoin-mining-becom.. I suspect this may trigger the #collapse of #crypto https://uk.finance.yahoo.com/quote/BTC-U.. It's currently at 20,400 as of speaking, but I imagine we will see another #crash soon.