U.S.-based crypto exchange Kraken will lay off 30% of its global workforce, or approximately 1,100 people, to “adapt to current market conditions. Binance CEO Changpeng Zhao took a jibe at rival crypto exchanges Kraken and KuCoin. Zhao implied in a tweet that recent announcements made by his rivals were red flags. Meanwhile, Elizabeth Warren is finding herself shockingly on the side of big Banks for a change, arguing crypto exchanges should not receive any kind of FDIC insurance for customer funds.
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~Kraken in Trouble? + Elizabeth Warren Refuses FDIC Insurance For Crypto Exchanges~
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37 Comments
SBF will skate like Hillary. The level of corruption in DC is unconscionable and "Native American" socialist Warren is right there.
SBF will walk free, it's not what you know, it's who you know.
talk about loopring
Im GLAD FTX happened!!! We need to clean the trash out of the Crypto space. Fuq those scammers.
Früh anfangen ist der beste Weg, um Vermögen aufzubauen, Investitionen bleiben eine Priorität. Der Aktien-/Kryptomarkt hat viele Möglichkeiten, anständige Auszahlungen zu verdienen, mit den richtigen Fähigkeiten und dem richtigen Verständnis dafür, wie der Markt funktioniert … großes Lob an JOSEFTRADE
Fauci is on the baking committee now?!
The American Banking Association pays all here campaigns and writes the regulation that is passed and approved…..
SEC, Secretary of Treasury, IMF, ABA, Senators, House Reps, Fed Officials—most of these incumbents have come from the banking industry and they will FIGHT LIKE Hell for the status quote….buying gold at $35 dollars and ounze in 1971? Nixon and his admin allowed ONLY the banks to buy at $35, then you know the rest of the story…..They wish they could had discovered BTC back in 2008/2009 and buy it at $00.0020 per coin and sell it to the public at $1 mllion dollars per coin….
Thanks
What issue, exactly, has Kucoin had? You said Kraken and Kucoin. Be specific and use facts or don't say it. Otherwise, it's FUD. Kraken. Layoffs. Okay. Kucoin. Nothing except relatively high APYs that are short-term.
I use Coinbase exchange to hold my Crypto. No issues
It is worth mentioning the United States is the only country that believes XRP is a security. Crypto has been pushed away and off-shore due to lack of regulatory clarity. Plus, the US does not have global jurisdiction, and regulation via enforcement is pathetic.
Quick fix for lack of regulation would be to force exchanges to NOT hold people's crypto on the exchange but to trade from non-custodial wallets allowing isolation after trading. If every user holds thier own keys then we wouldn't have to worry about an exchange going bust.
Best utility so far in whole crypto space
New logo! 🔥
Crypto is anti bank isn't it? So crypto is the bad guy not the Fed? WTF
Do you know what rhymes with Elizabeth Warren? Reptilian Politician. If you look closely at the clip you played she is shapeshifting.
You wrong about the Boomers, You need to gage your listeners. You would be surprised how many of your followers are Boomers.
Binance doesn’t allow withdrawal of cryptos for 10 days no matter what form of payment you used to purchase! ><
not good for Binance to have 70%, but if the US restricts BTC/Cryptos then BInance will get more biz
Paul, what do we do when the exchanges have coins without wallets and/or exponential fees to get our tokens out.
The regulators in Australia would not allow a market player, leader to have that majority of market share.
Don’t think it’s a good thing re bin ace market share
There will always be competition for Binance. Why does everyone keep acting like right now will last forever? And What's with the Binance hate? They didn't do anything wrong. Entire Crypto Space, you should all be ashamed of yourselves for the way you are behaving right now. You know Crypto is risky…accept responsibility for your part, You put the money in.
I don't think it's right that a single exchange should account for 77% of usage … However, it is not their fault, but the fault of the others. I have used Kraken, Kucoin, bingx and the deceased FTX and the easiest to use, the most intuitive and visually pleasing is Binance, with Kraken being the worst in terms of usability in my opinion.
Kroko craps on capitol hill!
Eish these bots!
Binance dominance is sort of bad.. to me, seems like binance just has the best product, thus mkt share
It's possible Warren is just ignorant, but considering how well she misrepresents the truth to bash crypto, I think it's more likely she's a manipulative cow with some sort of financial incentive to prevent crypto's growth.
It's not good for all the consumers when a monopoly occurs. It's the customers and the suppliers that usually get screwed. Binance having so much of the market is a bad thing. You want real competition between businesses so that they are forced to operate smart and in ways that benefit the consumers.
bad news on Binance will bring us the real bottom in this cycle or the next
I think it’s unhealthy for 1 exchange to become a monopoly…
Appreciate your show!
Yesterday Sen. Roger Marshall of Kansas blamed cryptocurrency for child trafficking. The acting performance by Congress is atrocious, and they obviously didn't put much thought into the script.
SBF was a bad casting choice as well.
I give this movie 👎🏻👎🏻
I think it’s inevitable!!! Better run company’s will rule
He’s a democrat duhhhhh
funny how the politicians will say "FTX was bad, must squeeze the balls of crypto." Yet they don't arrest SBF
can you do a video on wallets and Apple.
it's not good for qnyone to have 75%