“I am a Celsius customer with a little over $15k worth of deposits that are locked up in Celsius. $15k may not mean a lot to some people, but it is about 65% or my life savings…. Losing all of …
Celsius is down to $167 million “in cash on hand,” which they say will provide “ample liquidity” to support operations during the restructuring process. Celsius owes its users around $4.7 billion, according to its bankruptcy filing — and there’s an …
by Boo_Randy ECB has already announced “unlimited” bond buying…all central banks are in a race to debase, so expanding their balance sheets is the exact opposite of “tightening” or fighting inflation. https://www.bloomberg.com/news/articles/2022-07-15/ecb-bond-tool-seen-having-no-limits-as-steeper-rate-hikes-loom#xj4y7vzkg
(Reuters) -Celsius Network listed a $1.19 billion deficit on its balance sheet in a bankruptcy court filing on Thursday, a day after the cryptocurrency lender filed for Chapter 11. New Jersey-based Celsius froze withdrawals last month, citing “extreme” market conditions, …
Lawyers representing 3AC’s creditors say the physical whereabouts of Zhu Su and Kyle Davies are “currently unknown.” The court filing from Friday also alleges that the founders have not yet begun to cooperate with the liquidation process “in any meaningful …
This decision was made with the intention to provide the best opportunity to stabilize the business, consummate a comprehensive restructuring transaction that maximizes value for all stakeholders, and emerge from Chapter 11 positioned for success in the crypto industry. — …
Beleaguered crypto lender Celsius Network operated as a classic “Ponzi scheme,” the former head of the company’s key investment strategy alleged in a lawsuit, claiming the company used customer deposits to cover huge liabilities caused by reckless mismanagement. Jason Stone, …
by Shanobido47 https://cryptonews.net/news/finance/1616345 https://www.forexlive.com/Cryptocurrency/us-media-bill-to-grant-crypto-firms-access-to-federal-reserve–20220703/ https://www.washingtonpost.com/business/2022/07/03/crypto-banks-risk-lummis/?utm_source=reddit.com https://tittlepress.com/crypto/1828663/
by Boo_Randy Margin calls going out to the crypto True Believers as the end of the digital tulip bulb mania draws near. https://www.bloomberg.com/news/articles/2022-06-28/-bitcoin-jesus-roger-ver-spars-with-exchange-over-margin-call?srnd=premium-middle-east&sref=ibr3A0ff A public dispute between a longtime crypto investor and a digital-asset exchange is the latest in a …
by Boo_Randy That’s gonna leave a mark. https://www.cnbc.com/2022/06/27/three-arrows-capital-crypto-hedge-fund-defaults-on-voyager-loan.html Prominent crypto hedge fund Three Arrows Capital has defaulted on a loan worth more than $670 million. Digital asset brokerage Voyager Digital issued a notice on Monday morning, stating that the fund failed …
by Boo_Randy True price discovery is not your friend, crypto baggies. https://finance.yahoo.com/news/2-trillion-free-fall-rattles-230033105.html (Bloomberg) — For a generation of alienated techies, crypto’s all-for-one ethos was its biggest draw. Now panic is spreading across this universe — and that same ethos is …
by Boo_Randy Seriously, baggies? You’d really fall for something like this? https://www.bloomberg.com/news/articles/2022-06-27/crypto-exchange-coinflex-to-issue-tokens-after-withdrawal-freeze?srnd=premium-middle-east&sref=ibr3A0ff Cryptocurrency exchange CoinFlex plans to raise funds by issuing a new token that will offer a 20% annual return, in an effort to resume withdrawals after a client failed to …
by SilverBoatSurfer Source: https://www.iflscience.com/cryto-themed-restaurant-no-longer-accepts-cryptocurrency-as-payment-64207
Elon Musk, the world’s richest man, and his companies, Tesla Inc and SpaceX, are being sued for $258 billion over claims that he was involved in a Dogecoin cryptocurrency scheme that inflated the coin’s price and left investors with billion-dollar …
‘BILLIONAIRE Bill Gates dismissed cryptocurrency projects such as non-fungible tokens (NFTs) as shams “based on the greater-fool theory” at a climate conference Tuesday (Jun 14), reviving past criticisms of digital assets. “Obviously, expensive digital images of monkeys are going to …
by Michael Over the last seven months, we have witnessed a cryptocurrency collapse that is so epic that it is truly difficult to put it into words. Last November, the total market capitalization for all cryptocurrencies crossed the three trillion dollar …
by Boo_Randy What’s the best way to become a crypto millionaire? Start off as a crypto billionaire. Should’ve bailed out of the pump & dump and transferred your profits into the safe haven of physical precious metals. https://www.bloomberg.com/news/articles/2022-06-13/crypto-billionaire-fortunes-vanish-as-quickly-as-they-were-made?srnd=premium-asia&sref=ibr3A0ff Seven of …
by senttoschool -24% in Q1 2019 -30% in Q2 2019 -17% in Q3 2019 -5% in Q4 2019 Nvidia’s stock price dropped by about 53% during this period. It didn’t recover until the pandemic-fueled boom. This is because when crypto …
by Shanobido47 NOW – Global #cryptocurrency market cap drops below $1 trillion. pic.twitter.com/evEtyXs55X — Disclose.tv (@disclosetv) June 13, 2022 Watch Heise Says here https://www.nbcnews.com/news/us-news/crypto-firm-celsius-pauses-transfers-withdrawals-markets-tumble-rcna33200 Read Articles here… https://www.reuters.com/technology/crypto-firm-celsius-pauses-all-transfers-withdrawals-between-accounts-2022-06-13/
While citing multiple problems with the decentralization model for cryptocurrencies (some of them valid and some of them not), the Bank for International Settlements has concluded in a report released this week that crypto ‘can’t fulfill the role of money.’ As noted …
More than 46,000 people say they lost over $1 billion in crypto to scams since the start of 2021, according to a report released by the Federal Trade Commission on Friday. Losses last year were nearly sixty times what they …
by Boo_Randy Historians will marvel at the greed and gullibility of the baggies who bought into the NFT and crypto bubbles, just like we shake our heads at the fools who bid Dutch tulip bulbs into the stratosphere. https://nypost.com/2022/05/24/nft-auctions-from-beeple-madonna-flop-amid-crypto-crash/
by Boo_Randy It seems the entire crypto space is nothing but scammers, touts, and fools waiting to be separated from their money. https://dnyuz.com/2022/05/27/how-influencers-hype-crypto-without-disclosing-their-financial-ties/ Logan Paul had a message for his six million Twitter followers: He was “all in” on a …
by Boo_Randy Looks like its dawning on the Powers that Be that a crypto crash could spread contagion throughout the financial system. Moms, start preparing your basements for when your lil’ baggies move back in. https://www.marketwatch.com/story/how-a-crypto-crash-could-spread-to-treasury-bonds-and-other-fixed-income-securities-11653639671?mod=mw_latestnews A cryptocurrency crash could …
by Boo_Randy Democrats: serving only their globalist oligarch bankrollers and pimps since time immemorial. Hey crypto baggies: remind me again how we’re on the same side. https://www.foxbusiness.com/politics/crypto-billionaire-2024-spending-democrats Sam Bankman-Fried says his donations will back ‘sane governance,’ not party politics
0:00 – 50% market correction? 2:30 – Fed monetary policy 6:00 – Biggest market risks 10:10 – Private equity 11:30 – Stock fundamentals 15:16 – Stock market outlook 17:22 – Crypto market
Crypto losses now equal $1.7 trillion. The 2007 subprime mortgage market was $1.3 trillion. It's highly likely that Crypto will be the catalyst for accelerated global collapse. Weekend risk is HIGH. pic.twitter.com/4Ewo73uTeg — Mac10 (@SuburbanDrone) May 12, 2022 https://twitter.com/JTSEO9/status/1524881896362188801 A …
It's not just Crypto currencies that are set to explode: pic.twitter.com/eCOFrNsoly — Mac10 (@SuburbanDrone) May 13, 2022 Oh neat, it really can go to -100% pic.twitter.com/x7Fa0uXLAd — Richard Heart (@RichardHeartWin) May 12, 2022 Coinbase shuts down retail from selling. pic.twitter.com/lW7pUqYYaT …
Billionaire-backers of crypto including Elon Musk and Brian Armstrong set to bear brunt of ‘bloodbath’ Armstrong, the founder of Coinbase, has seen $11billion vanish from his personal wealth Tesla, which took a $1.5billion gamble on Bitcoin last February, has already …
View post on imgur.com How are the suicides coming along? View post on imgur.com Who would have thought that the canary in the coal mine for the next crisis would be the cryptos? Watch USDT like a hawk. Things are …