He need exchanges capable of drawing suckers. On a different note I, look to buy few BTC again after US earning season. This will be the first eaning sason where companies like Tesla and Square will need to take a impairment on thier crypto holding. In the case of Tesla there are in a financial conundrum as no one is paying in BTC at the moment. ie if holder hope BTC is worth $50k in x time who is going to use bitcoin at $21k face value.
not sure a subpoena will be enough to get them to leave dubai https://www.coindesk.com/business/2...administrator-for-three-arrows-capitals-debt/
The market (at least the top two) is holding up better than I expected in spite of the repeated reports of high inflation and interest rate hikes. Over in the Oz share market my watched stocks (materials sector mainly) are getting hammered while in the US market (dividend stocks) they're remaining fairly steady with the exception of a couple of industrials, gold seems to be echoing the speccies in the materials sector. Maybe the headwinds aren't going to be as strong as I thought. Still, I don't see any bulls on the immediate horizon. OT, bought some Unity Software, first thing I've bought since I sold most of my stuff a while ago.
whats interesting is the defi protocols are holding up pretty well, albeit with a huge decrease in capital in their system. its the cefi companies that are going bankrupt and probably because of their uncollateralised loans. while defi all loans are collateralised and controlled under smart contract so no room to fudge, amazing how many deals were just done on a handshake and reputation for cefi.
@dozerz would you classify Nexo as "defi" or "cefi"? I'm thinking cefi but then I'm not sure. It's held up well regardless.
nexo is cefi and custodial, not sure how well they are holding up as many of these centralised dexes and companies we are told are trading insolvent. only time will tell if they can meet their obligations https://cointelegraph.com/news/nexo...ys-on-rumors-of-ties-to-insolvent-crypto-fund the true defi protocols like aave, maker etc whre all interation is with smart contracts, not a centralised entity that can simply disable your withdrawls when things go south.
if its worth owning in crypto, sam owns it. https://www.bloomberg.com/news/arti...-filing-shows-long-reach-of-sam-bankman-fried
wbtc is the same as btc, its just btc on eth so you can use it in defi etc, for example badger you can earn interest on it.
Hm. Maybe a nothing burger. https://www.businessinsider.com/coi...iate-marketing-program-for-influencers-2022-7 Crypto exchange Coinbase is "temporarily shutting down" its US affiliate-marketing program, according to emails sent to three creators and shared with Insider. The US program will temporarily shut down on July 19, the emails said. "We regret to inform you that Coinbase will be temporarily shutting down its Affiliate Program in the United States with an effective date of Tuesday, July 19th," the emails read. "This has not been an easy decision, nor was it made lightly, but, due to crypto market conditions and the outlook for the remainder of 2022, Coinbase is unable to continue supporting incentivized traffic to its platform." The company said in the emails that it planned to relaunch the program in 2023, although it didn't share an exact timeline. "We have established many valued partnerships through our affiliation platform that we hope to renew in the future," the emails said. This change comes at a time when Coinbase is reeling from the crypto crash. On June 14, Coinbase CEO Brian Armstrong announced in a blog post that the company was laying off 18% of its staff, or roughly 1,100 employees. On Friday, Bloomberg reported that Coinbase is now the world's 14th largest crypto exchange, down from the fourth position less than a year ago. Before this recent affiliate news, Coinbase had already lowered commission rates for some influencers in June. One creator who was earning $40 per sign up as of early 2022 said they saw that amount drop more than 90% to $2 per sign up.
Hardcore hodlers. Diamond hands till a finger pokes through the toilet paper and they are left with a weird smell on their thumb haha. We had 20 family members out last week and some were talking the markets and investments. They all agreed that its waaaay too complicated and they are glad to just hand over their hard earned money to a stranger (investor) and hope for the best but they are reeling at the losses at the same time. I sat there dumbfounded.
noble auctioining crypto, too bad they dont know how to verify a public key https://www.numisbids.com/n.php?p=lot&sid=5908&lot=3320
Ethereum shooting up sharply, Bitchcoin 23.5 k, wow. Correction might be over? These were key levels, so perhaps the unraveling crisis will push them up now?