Bitcoin, Cryptocurrency, and the Future of Global Finance

[IluvdoubleD's]

Now they saying crypto.com has halted exchanges. Everyone is holding their breath. Isn't that the one Hollywood was pushing on everybody?

 

[theFallGuy]

Now they saying crypto.com has halted exchanges. Everyone is holding their breath. Isn't that the one Hollywood was pushing on everybody?

It only has to do with the Solana chain. SBF holds a very large amount of the Solana supply

 

[Vol423]

Maybe all these cryto companies can convince Buffett to step in and fund them as they implode.

 

[IluvdoubleD's]

so, Solina stablecoin is crashing like tether? Is that what you are telling me?

 

[theFallGuy]

Solana isn't a stable coin

 

[IluvdoubleD's]

Solana isn't a stable coin

ok, I looked it up real quick (I don't have anything in crypto) and it came up as solina stable coin.

 

[theFallGuy]

ok, I looked it up real quick (I don't have anything in crypto) and it came up as solina stable coin.

Crypto.com Halts Solana USDC and USDT Deposits, Withdrawals

 

[theFallGuy]

Crypto.com is basically cutting off any risk from FTX

 

[Vol423]

You want to talk about a well-named item? Solana’s native token is “SOL”. How appropriate! It dropped 40% today and is down 92% from its price one year ago.

 

[Thunder Good-Oil]

Seems like that suppresses the supply. Not necessarily a bad thing for the coin.

 

[lawgator1]

Seems like that suppresses the supply. Not necessarily a bad thing for the tulip.

 

[Thunder Good-Oil]

Practicing misinformation much? Why change a post without indicating that you are? “Fixed it for you”. Lying is the norm though, right?

 

[IluvdoubleD's]

 

[Velo Vol]

 

[Vol737]

Sam Bankman-Fried No Longer a Billionaire After $14.6B Wipeout: Bloomberg

 

[theFallGuy]

That guy should really do some research

 

[IluvdoubleD's]

The definition of.

A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. The scheme leads victims to believe that profits are coming from legitimate business activity, and they remain unaware that other investors are the source of funds.

 

[n_huffhines]

Proof of stake ftw

 

[Vol423]

Bankman-Fried’s Assets Plummet From $16 Billion to Zero in Days

 

[Vol737]

They're done.

FTX files for bankruptcy, Bankman-Fried steps down

 

[Orangeburst]

View attachment 513062

View attachment 513063
Bankman-Fried’s Assets Plummet From $16 Billion to Zero in Days

Man talk about a bad day

 

[allvol123]

They're done.

FTX files for bankruptcy, Bankman-Fried steps down

The excitement seems to have dissipated, in this thread.

 

[Velo Vol]

Ha ha

 

[theFallGuy]

He basically used customer funds.

FTX reportedly used $10 billion of customer funds to prop up its owner’s trading firm

 

[Vol423]

He basically used customer funds.

FTX reportedly used $10 billion of customer funds to prop up its owner’s trading firm

Who knew that a completely unregulated industry might attract criminals seeking to run Ponzi Schemes? Cryptocurrency holders beware.