It's collapse will now be used to regulate crypto currency
So what will shtcoins be used for if regulated besides trading and collecting trading fee? People don’t get excited about them unless they go way up in trading price very quickly
The explanation put forth by shtcoin bro surrounding crypto as of last few weeks seem to be that because FTX was founded and run by a democrat lobbying corrupt guy and now that FTX is gone, the industry is now clear for libertarian shtcoin bro to resume gambling activity?
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Why hasn't S B Friedman been arrested? What's the delay? Practicing criminal attorneys tell us. I've seen far smaller criminals arrested for mail fraud/wire fraud. Who's protecting S B Friedman?
Why hasn't S B Friedman been arrested? What's the delay? Practicing criminal attorneys tell us. I've seen far smaller criminals arrested for mail fraud/wire fraud. Who's protecting S B Friedman?
A shitcoin project desperate for the kind of pump that sometimes occurs when Elon Musk tweets about a cryptocurrency has gone to new lengths to get his attention. The group spent $600,000 and six months on a six-ton statue th...
To “remind” you of this after 12 months, your ETH is down 80% since 12 months ago and all other 1000s of shitcoina are down between 80% and 99%. But shitcoiners brains are so totally filled with their own crap that they can’t even remember what those ATH were a year ago 🧠💩💩💩 https://t.co/DofYH7RAuW
”“Other platforms such as Binance and Crypto.com would pay 4%, 8% or more on crypto as well, suckering in the masses who could earn only 0.01% interest from, well, real banks. But how could anyone pay interest on crypto? By turning around and lending it out to hedge funds and others who also used leverage. Insanity. Genesis Global Capital created a lending platform to facilitate borrowing crypto. Lending against what? Again, just air. Firms such as Gemini, set up by the Winklevoss twins, were paying 8% interest, so customers could harvest yields. Why was there any yield on crypto? Good question. It worked on the way up, not so much on the way down. Crypto was lent out like a hot potato until someone got stuck with the value down 90% and everyone else left with defaulted debt. This was probably the only way the delusion could have ended. Most of these platforms are now frozen and might disappear as customers caught with a hot potato frantically demand withdrawals in the wake of the FTX collapse. Of course, all these crypto lenders had to do was ask: What’s the underlying collateral? Where are the assets? With no good answer, no sane lender would have lent against it. But no one asked.””
Coinbase Global Inc said on Thursday customers using Apple Inc's iOS will not be able to send non-fungible tokens (NFTs) on the cryptocurrency exchange's wallet anymore.
Tether reports hadn’t disclosed that loans it issues are denominated and payable in the token. The rise in Tether’s lending add risk to the crypto world.
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