New York City-based Metropolitan Commercial Bank will exit the crypto world, it said Monday, following a year in which the sector saw volatility in token prices and the downfall of several prominent exchanges. MC Bank provides crypto products and services to several major crypto exchanges, most notably Crypto.com. Are we about to see a another major setback for crypto adoption?
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~Bank Abandons Crypto.com | Every Crypto Bank Partner Quitting?~
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24 Comments
Nothing wrong with cdc. I use exchange, app, and defi wallet. Great products and they have more.
Paul how Do you cover crypto content as frequently as you do and don't understand why they would delist USD tether?
" New York Attorney General found the opposite — that despite the company’s repeated claims, Tether was not always fully backed by fiat currency. The company reached a settlement with the NYAG office, which found that “Tether deceived clients and market by overstating reserves [and] hiding approximately $850 million in losses around the globe.”
-PYMNTS 12/1/22
After FT x's collapse over fraudulent claims it would only make sense for a massive company in crypto to manage their risk by cutting ties with any company that doesn't have transparent reserves.
I like Paul’s content too, but he cherry picks his CDC stories. CDC ain’t going anywhere, you can bank on that.
USDT is removed from crypto . USDC is still functional and has legitimate use
Thanx paul
Thanks Paul
Good stuff… Thanks Paul.
I would love to know your thoughts on Cypherium…?
fud.
CDC NO NEED TO TALK TO YOU AWFUL person gross
I am not a CDC hater, just more realistic these days, regarding it's use and limitations and still use it occasionally .
BUT, I have closed my Coinbase, Gemini and Binance accounts, what is particularly irksome is that they AL:L hold on to your account data for 5Years after the account is terminated (all compliant with 14 eyes protocol"; I find that offensive.
I am NOT a YANK, or EU citizen and find it an intrusion of my privacy AND security, that those entities demand the data retention for the entities to mine/exploit.
Which is why I am transitioning to BUY/Sell, via self custody wallets, so, the Likes of Trezor, Ledger should get their act together and increase the range of tokens available on their devices.
This thumbnail sucks, u sucks too Paul. 🥵🤢
I keep small amounts of fiat in CDC and feel as safe as you can in the crypto market.
Clickbait 🙄
Seems like the big institutions are making a move. The largest banks will not be leap frogged by these little guys, just like the G. Then they will beg you to bring your crypto to the banks to custody and buy through the banks. Banks will stay relevant with Crypto. Otherwise they are essentially obsolete.
Again and again you’re spreading fud for cdc… we get it you don’t like it. But this info applies to many exchanges… bye man :/
Major crash? PB … very disappointed
This channel is fast becoming 🤡 fake news agency
Dunno why you hate on CDC, never had any issues with them. Quality of Apps and Defi is really good. Why the clickbait?
Hi Paul When do you interview with xen cofounder jack levin that will be great 👍
Nothing wrong with cdc imo. Great platform and products. Great video and info, but cherry picking cdc (or cardano 👀) to spread fud is not good for anyone…just my humble opinion.
The Ontario securities commission forced them to remove it. CRO is just continuing to be compliant. Tether is an algorithmic shit coin anyway, nobody cares or uses it.
Click bait..fud spreader
Keep feeding the FUD
Unsubscribed for pushing FUD