Cryptocurrency

Degen News: Crypto Updates That Can't Be Explained!



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πŸ“œ Disclaimer πŸ“œ

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#crypto #cryptonews #cryptocurrency

22 Comments

  1. Hope you guys enjoyed this video!
    As for the second news update, FTX CEO John J. Ray III is reportedly planning to restart the exchange. This news came out after the video was filmed. Right now it’s one of the main reasons FTT is pumping!
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  2. Guy u need to do some research on 3AC, they degened with their own and families money and didn’t have any customers. Yes they blew up from too much leverage. No crimes were committed. The exchanges that gave them all the unsecured leverage should be in jail or held accountable

  3. Serious point though – if GTX allows you to buy uncollatreralised loans there may be some people who use it for tax purposes. Here's how – If the loss from these collapses is not crystalized until the court case is over, and that loss can be offset against other capital gains, perhaps some rich people will actually want to buy these notes so they can "suffer a loss" at the end of the bankruptcy case and perhaps their accountants will use that to offset their capital gains bill. Just speculation. Obviously only a highly specialist accountant could make such decisions and rules could vary based on jurisdiction

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