Cryptocurrency
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- grafician-2
Everything coming out this week in crypto point to one thing:
Binance is scam
- BTC at $16K levels again...grafician
- https://i.imgur.com/…uan
- What is that uan?grafician
- $ inflow and outflow for the big exchanges, from two days ago. binance looks pretty soliduan
- I mean, for the moment, they've been countering the outflows with lots of own money.uan
- key words "own money"
they only have about $10B in BTC, the rest of "assets" are shitcoins
and if FTX lawyers will ask for their $2B back, Binance is bye byegrafician - a scam that holds $10B? ok.uan
- they say they "hold" over $60B and nobody should worry :)))grafician
- Anyway I don't get your stance here, Binance is going down, just a matter of time actuallygrafician
- shapesalad0
It's all in the body language:
Tether next:
Autistic:
CBDC
- NBQ001
- So it had no affect upon his grocery shopping - because supermarkets don't accept dodgydoggycoin.shapesalad
- Prompt?utopian
- NBQ000
- From what I have read they are charging him with straight up fraud and avoiding muddying the waters with crypto babble and web 3 BS.jonny_quest_lives
- So yeah he will more likely get buried under the prison. It's a similar case to the Theranos verdict. Defrauding investors... much easier to prove in SBF's casejonny_quest_lives
- The wolf becomes the good guyAQUTE
- grafician-3
CRYTPO: FTX says it has found over $1 billion in assets
- and clawing back donations, https://www.theguard…shapesalad
- grafician-2
"Core Scientific, one of the largest publicly traded crypto mining companies in the U.S., is filing for Chapter 11 bankruptcy protection in Texas early Wednesday morning, according to a person familiar with the company's finances. The move follows a year of plunging cryptocurrency prices and rising energy prices."
"Core's market capitalization had fallen to $78 million as of end of trading Tuesday, down from a $4.3 billion valuation in July 2021 when the company went public through a special purpose acquisition vehicle, or SPAC. The stock has fallen more than 98% in the last year."
- Somebody asked what happens with mining companies when BTC price gets too low...
< this happansgrafician - Dominos falling.shapesalad
- Or perhaps better to imagine blocks falling like domino’s.shapesalad
- Somebody asked what happens with mining companies when BTC price gets too low...
- grafician-4
"The real combined value of all the crypto in the universe is zero. The market just hasn't corrected itself yet."
- It’s funny cause it’s true_niko
- one of the greatest quotes on cryptografician
- then its buy buy buykingsteven
- grafician-3
- Binance is basically FTX 2.0grafician
- a nice analysis on how Binance.US is just a couple of crypto addresses exchanging assets betweent .US and Binance international to fool regulatorsgrafician
- << btw the fall of FTX started too with a nice analysis from this bloggrafician
- this one: https://dirtybubblem…grafician
- shapesalad-1
- $250m on a ledger... some customers money, no biggy, it's crypto bro, just 0's and 1's.shapesalad
- posting $250B bail deserves another case entirely
but probably posted just 5-10% of that as a bond?grafician - "His parents co-signed the bail and collateralized it with their own real estate."grafician
- the judicial system is brokenKrassy
- @Krassy how so? Not saying you’re wrong but this guy is busted and will be judged.monospaced
- @Mono he's being judged in a privileged manner; posts 1/4 billion bail to live comfortably at home with mommy lawyer and daddy lawyer.Krassy
- But yeah - it's yet to be seen how harsh (or not) of a sentence he gets. Hoping justice is served..Krassy
- neverscared0
Cryptocurrency becomes mainstream option for money laundering and funding of terrorism, Austrac says
Australia’s financial intelligence agency warns that Russian paramilitary groups are soliciting crypto via social media to buy weapons for Ukraine conflict
- must be a great feeling to be part of the cryptomovement.... nr.1 baby...neverscared
- it's not like none of this was possible before cryptospl33nidoru
- no shit... but its more easy possible with crypto otherwise it wouldnt be nr. 1 evidently..neverscared
- would you have made the same observation about cash 20 years ago ?spl33nidoru
- Not trying to be a dick, i just think such news on widely embraced modern technology doesn't say much.spl33nidoru
- its even worse. because its not so much widely embraced and it is still number 1...which obsvervation.. that it will be succeeded in illegality by crypto?neverscared
- neverscared2
Beware Crypto Billionaires Boasting Of Audits
“Where were the lawyers and accountants?” That was the withering assessment of one US judge after years of fraud and deception went undetected during the 1980s savings and loan crisis, despite a well-stocked entourage of audit, legal and compliance professionals who might have been expected to raise the alarm.
It’s a relevant question once more as watchdogs try to crack down on a largely offshore and patchily-regulated cryptocurrency industry — worth $3 trillion at the peak — and as Binance and other platforms try to draw a line under the FTX scandal by appealing to the credibility of outside advisors. Wall Street’s top regulator is warning investors to be “wary” of how crypto firms promote the often narrow work done by accounting firms and is considering enforcement actions, according to the WSJ.