Cryptocurrency
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- isaca1
600% long gone
- grafician-3
^
He seems sad ofc because Sam & Co. just reduced leverage to just 20x and will need to close up shop soon or at least cut all the bullshit
https://blockworks.co/token-metr…
"On Monday Hong Kong time, FTX CEO Sam Bankman-Fried took to Twitter to address concerns that access to high leverage by retail traders had led to undo market volatility.
1) An effective margin system is integral to an efficient economic system.
There are limits to everything, though.
— SBF (@SBF_Alameda) July 25, 2021
Bankman-Fried said that while there is certainly a place for margin trading, and the majority of those that used it are professional investors, it was time to curb access to it. Now, the greatest allowed leverage would be 20x. "
Binance followed suit, Uniswap cleaning house of scammy tokens and not to mention serious BTC outflows from exchanges in the last hours
Sure, BTC price got pumped again (serious selling from China) and holders seem happy, but they will get real silent real soon lol
- Oh and let's not forget: "TSLA reports a Bitcoin-related impairment of $23MM"grafician
- Oh and one more: "Bitcoin Tumbles After Amazon Denies It Will Accept Crypto In 2022"grafician
- Yup, it's at $38Kgrafician
- No, wait, make that $37Kgrafician
- btc outflows from exchanges = good thing.shapesalad
- Not if you're in China...grafician
- talking to youself mate_me_
- @me mate, crypto is zero sum game, you practically pulled some cash from someone else's wallet to put your downpayment on that flat lolgrafician
- < all this, this is fear in the system realising The Man will drop the hammer on them real soon lol
Crypto can't survive market regulationgrafician - 40_me_
- I think it can survive.monospaced
- Regulation would be the one thing that would very much legitimize it for big/real business cases. I believe that was always the intent.monospaced
- But there are no big/real business cases. Crypto offers nothing tangible for anything, besides speculation.grafician
- There's something to be said for the blockchain technology in general for certain transactions beyond just currency. Obviously.monospaced
- @me 39?grafician
- @mono there isn't
we had distributed ledgers before bitcoin, they were useless
crypto is old concepts repackaged and sold to suckers
Zero real utilitygrafician - Interesting take. I have heard quite the opposite from the Fortune 500, but what do I know right? I only work for a top accounting firm :)monospaced
- I'm trying to say, in a nice way, that there ARE business cases and uses for blockchain tech that are very much being taken seriously at the top. okay?monospaced
- neverscared1
Gizmodo submitted a Freedom of Information Act request with the Federal Trade Commission, asking for any complaints filed with the FTC about Binance. The agency found 760 complaints filed since June of 2020, 200 of which were released to Gizmodo and redacted to protect private information. And while the redactions making it difficult to independently verify each individual claim, we start to see illuminating patterns.
- neverscared0
Binance, the world’s largest dark crypto slush fund is struggling to find corners of the world that will tolerate its lax anti-money laundering policies and flagrant disregard for securities laws.
- _me_0
- Krassy1
Crypto Scammers Rip Off Billions as Pump-and-Dump Schemes Go Digital
- neverscared0
https://www.bbc.com/news/technol… lawyer for two brothers who founded a South African Bitcoin investment firm has told the BBC they categorically deny any involvement in a "heist".
Africrypt, founded by Raees and Ameer Cajee, "absconded" with Bitcoin then valued at about £2.6bn ($3.6bn), according to a complaint to police.
A law firm - Hanekom Attorneys - made the complaint in April on behalf of a group of investors.
But there is uncertainty over exactly how much crypto-currency is missing.57582805
- neverscared1
what a fuckin shit show ..
- shapesalad0
- I love this guy's (sorry) content, but fuck me I want to elbow him in the teeth for his thumbnails.5timuli
- Nairn1
From the land of the tulip...
"Netherlands must ban cryptocurrencies immediately: CPB head"
- neverscared0
Binance US is low on cash. At some point, it doesn't matter how many tethers get printed, the entire ecosystem is running out of cash
- Looking bad anyway, Elon tweeted again, everything dropped againgrafician
- grafician-1
- This is actually the first coin minted by the USA, it was designed by Benjamin Franklyn
http://nowiknow.com/…grafician - Franklin.monospaced
- Mind your busyness mono!grafician
- This is actually the first coin minted by the USA, it was designed by Benjamin Franklyn
- cherub-2
^if you replace "mined for profit" with minted, you can just EARN crypto by minting your own NFTs, rather than relying on gimmicks and money for nothing schemes.
- because that isn’t a gimmick at allmonospaced
- How so? You think it's a gimmick to create something valuable then sell it? How is that different than selling deliverables to a client?cherub
- it’s just another gimmickmonospaced
- let me guess, you've never created any NFTs. But you're confidant anyway. Right?cherub
- If selling something digital you've created on a computer and selling it is a gimmick, then what do you call what designers do?cherub
- @cherub i agree with you at some point. Ether isn't just a crypto it's a whole ecosystem what has now options to trade real value assets.sted
- I believe that with the right legal atmosphere this can be a very good thing.sted
- Until then yeah its an other gimmick :Dsted
- IP as real value asset. what is currently limited to artwork, but this can be a piece of code, or an idea for example.sted