On this episode, we’re taking a look at all the possible collateral damage that may occur from the FTX destruction and Binance buyout. Binance may pull out from the deal causing havok amongst other crypto projects, venture capital, and even more exchanges. Crypto.com has also announced withdrawals and deposits have been suspended for USDC on Solana. This may all be just the beginning.
~This episode is sponsored by Binance.US~
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#crypto #bitcoin #ethereum
~FTX Contagion Gets Worse | Crypto.com Suspends Withdrawals~
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21 Comments
How do you get out of stables and into fiat? Go to Coinbase or binance (in US) and sell and withdraw back into your account then wait 10 days again to clear when on ramping? Am I missing something is is this it?
perfect situation to bring in regulation
If this is the price to pay to save defi, I think its probably worth it.
DId CZ already Dump their FTT? i thought they said they were not going to dump it all at once?
CZ is a hero! No question about it
I did not want much regulation in crypto, but Luna, Celsius, Voyager, FTX make me wonder if it is justified.
Proof-of-stake and staking is a trap. Take it from me. If said tokens or coins don't immediately release custody you will be stuck watching the price dive and take a deep loss and be unable to do anything, because you are locked in to your unstaking period. The small amount of reward you will receive is nowhere near the danger of the loss. This is another horrible crypto lesson to learn. Learn from my mistake. I had s o l. Watched price go from 28 to selling at 12. Two days was too long. Never again. Now I see how so many people got upset when eth went to proof of stake. NEVER STAKE!
Sam Bankman-Fried (CEO of FTX) is a major lobbyists in DC for crypto regulation. Now dis guy just went belly-up. How do you think DC is going to respond. He just made a mockery of the establishment. 😂😂🤣🤣🤡
Also is anyone else having problems when going to "Videos" > "Recently Uploaded" and not getting the latest video? When I click "recent" the newest is two days ago. I'm using firefox browser. Only found this video because it is on the main page. I thought Paul abandoned us. 😁. Happening on other sites like coin bureau, too.
Earnest Hemingway's book " The Sun Also Rises" 1926 ..in which a character named Mike is asked how he went bankrupt. " Two ways," he answers " Gradually, Then Suddenly"
Great advice thanks again for the update
Are you selling your Bitcoin? I’m not selling my Bitcoin!
Are you seriously recommending Binance? CZ is total clown for tweeting out that BS. He could have handled that a lot better rather than allow the market to crater. Not one person that is invested in crypto should never, ever use Binance for anything! You lost me on that man!
Are the web wallets at risk from the FTX fallout? Are you looking at cold storage only?
think its long term good for everyone but short term terrible for anyone over leveraged
To be clear crypto is not the problem! The centralized exchanges and "bad actors" are the problem! If you take the same exchanges and bad actors and gave them fiat they would have found a way to do the same. People who just bought and held BTC or ETH in a cold wallet were not part of this mess other than the price swings which is normal in crypto.
Exposing flaws is always a win for the blockchain ecosystem. Companies will fall, the ecosystem will only get stronger.
I have not get any Digital assts yet I do have my cold wallets and cold digital safes I am just here learning and watching the market and reading my books
Thank you for your detailed analysis. I like your style of taking your time and not rushing through information.
Rather intentional are not, it's a wonderful thing that folly of FTX has come out to light. We need a purge of bad actors from this industry. So let the chips fall where they may….
The bow draws back to release the arrow into the sky’ …🏹 ….🌎
Bitcoin and Litecoin reward halving supply shock on its way, thanksgiving rally will very very soon be in play ….. 🌬….🚴🏾♂️….🚴♀️…
Litecoin 2023 mining reward halving closer every second…..