Cryptocurrency lender BlockFi has filed for Chapter 11, becoming the
latest casualty of crypto contagion following the collapse of FTX.
Why it matters: The dominoes continue to fall in the crypto world, as a series of bad bets and a market plunge has sent companies like FTX into bankruptcy.
Details: The firm and eight of its affiliates filed in the U.S.
Bankruptcy Court for the District of New Jersey.
<snip>
The financialization of crypto made it vulnerable to the kind of
contagion we're now seeing.
Why it matters: The big change in crypto between 2018 and today is the introduction of large-scale lending to the sector. And with lending
comes a new kind of risk — counterparty risk — that crypto still hasn't found a good way of dealing with.
https://www.axios.com/2022/11/28/blockfi-chapter-11-bankruptcy
-------------------------------------------------------------------------
Oy vey! The tropes just keep on coming.
On 11/28/22 11:42 AM, Hisler wrote:
Cryptocurrency lender BlockFi has filed for Chapter 11, becoming the
latest casualty of crypto contagion following the collapse of FTX.
Why it matters: The dominoes continue to fall in the crypto world, as
a series of bad bets and a market plunge has sent companies like FTX
into bankruptcy.
Details: The firm and eight of its affiliates filed in the U.S.
Bankruptcy Court for the District of New Jersey.
<snip>
The financialization of crypto made it vulnerable to the kind of
contagion we're now seeing.
Why it matters: The big change in crypto between 2018 and today is the
introduction of large-scale lending to the sector. And with lending
comes a new kind of risk — counterparty risk — that crypto still
hasn't found a good way of dealing with.
https://www.axios.com/2022/11/28/blockfi-chapter-11-bankruptcy
-------------------------------------------------------------------------
Oy vey! The tropes just keep on coming.
I suspect there's going to be something of a domino effect
here. The value of crypto is what people BELIEVE it is ...
plus some of the crypto orgs buy into each other. Well,
"faith" has been undermined a bit and anyone attached to
FTX is gonna suffer a loss right there.
I do not expect crypto to DIE ... but there's gonna be
a reset.
Oh yea, El Salvador has based its entire currency on
crypto - that can be BAD BAD BAD. Expect almost the
entire country to head for the US border ......
On 11/29/2022 9:27 PM, 26C.Z969 wrote:
On 11/28/22 11:42 AM, Hisler wrote:
Cryptocurrency lender BlockFi has filed for Chapter 11, becoming the
latest casualty of crypto contagion following the collapse of FTX.
Why it matters: The dominoes continue to fall in the crypto world, as
a series of bad bets and a market plunge has sent companies like FTX
into bankruptcy.
Details: The firm and eight of its affiliates filed in the U.S.
Bankruptcy Court for the District of New Jersey.
<snip>
The financialization of crypto made it vulnerable to the kind of
contagion we're now seeing.
Why it matters: The big change in crypto between 2018 and today is
the introduction of large-scale lending to the sector. And with
lending comes a new kind of risk — counterparty risk — that crypto
still hasn't found a good way of dealing with.
https://www.axios.com/2022/11/28/blockfi-chapter-11-bankruptcy
------------------------------------------------------------------------- >>>
Oy vey! The tropes just keep on coming.
I suspect there's going to be something of a domino effect
here. The value of crypto is what people BELIEVE it is ...
plus some of the crypto orgs buy into each other. Well,
"faith" has been undermined a bit and anyone attached to
FTX is gonna suffer a loss right there.
I do not expect crypto to DIE ... but there's gonna be
a reset.
Oh yea, El Salvador has based its entire currency on
crypto - that can be BAD BAD BAD. Expect almost the
entire country to head for the US border ......
Send them to Bankman-Fried's mansion in the Bahamas or to the Democratic politutes who Bankman-Friedstein gave illegal campaign donations to.
https://dailycaller.com/2022/12/13/sam-bankman-fried-indicted-fraud-eight-counts/
On 12/13/22 1:06 PM, Hisler wrote:
On 11/29/2022 9:27 PM, 26C.Z969 wrote:
On 11/28/22 11:42 AM, Hisler wrote:
Cryptocurrency lender BlockFi has filed for Chapter 11, becoming the
latest casualty of crypto contagion following the collapse of FTX.
Why it matters: The dominoes continue to fall in the crypto world,
as a series of bad bets and a market plunge has sent companies like
FTX into bankruptcy.
Details: The firm and eight of its affiliates filed in the U.S.
Bankruptcy Court for the District of New Jersey.
<snip>
The financialization of crypto made it vulnerable to the kind of
contagion we're now seeing.
Why it matters: The big change in crypto between 2018 and today is
the introduction of large-scale lending to the sector. And with
lending comes a new kind of risk — counterparty risk — that crypto >>>> still hasn't found a good way of dealing with.
https://www.axios.com/2022/11/28/blockfi-chapter-11-bankruptcy
------------------------------------------------------------------------- >>>>
Oy vey! The tropes just keep on coming.
I suspect there's going to be something of a domino effect
here. The value of crypto is what people BELIEVE it is ...
plus some of the crypto orgs buy into each other. Well,
"faith" has been undermined a bit and anyone attached to
FTX is gonna suffer a loss right there.
I do not expect crypto to DIE ... but there's gonna be
a reset.
Oh yea, El Salvador has based its entire currency on
crypto - that can be BAD BAD BAD. Expect almost the
entire country to head for the US border ......
Send them to Bankman-Fried's mansion in the Bahamas or to the
Democratic politutes who Bankman-Friedstein gave illegal campaign
donations to.
https://dailycaller.com/2022/12/13/sam-bankman-fried-indicted-fraud-eight-counts/
Heh, heh ... they've been VERY quiet about all
those illegal contributions - really BIG and
BROAD illegal contributions :-)
Why, you'd almost think FTX was designed and run
entirely as a DNC money tree ........
Expect a lot of the employees to disappear
or "commit suicide" real soon now. The money
trail will vanish before any 'investigations'
can begin.
On 12/14/2022 9:54 PM, 26C.Z969 wrote:
On 12/13/22 1:06 PM, Hisler wrote:
On 11/29/2022 9:27 PM, 26C.Z969 wrote:
On 11/28/22 11:42 AM, Hisler wrote:
Cryptocurrency lender BlockFi has filed for Chapter 11, becoming
the latest casualty of crypto contagion following the collapse of FTX. >>>>>
Why it matters: The dominoes continue to fall in the crypto world,
as a series of bad bets and a market plunge has sent companies like
FTX into bankruptcy.
Details: The firm and eight of its affiliates filed in the U.S.
Bankruptcy Court for the District of New Jersey.
<snip>
The financialization of crypto made it vulnerable to the kind of
contagion we're now seeing.
Why it matters: The big change in crypto between 2018 and today is
the introduction of large-scale lending to the sector. And with
lending comes a new kind of risk — counterparty risk — that crypto >>>>> still hasn't found a good way of dealing with.
https://www.axios.com/2022/11/28/blockfi-chapter-11-bankruptcy
------------------------------------------------------------------------- >>>>>
Oy vey! The tropes just keep on coming.
I suspect there's going to be something of a domino effect
here. The value of crypto is what people BELIEVE it is ...
plus some of the crypto orgs buy into each other. Well,
"faith" has been undermined a bit and anyone attached to
FTX is gonna suffer a loss right there.
I do not expect crypto to DIE ... but there's gonna be
a reset.
Oh yea, El Salvador has based its entire currency on
crypto - that can be BAD BAD BAD. Expect almost the
entire country to head for the US border ......
Send them to Bankman-Fried's mansion in the Bahamas or to the
Democratic politutes who Bankman-Friedstein gave illegal campaign
donations to.
https://dailycaller.com/2022/12/13/sam-bankman-fried-indicted-fraud-eight-counts/
Heh, heh ... they've been VERY quiet about all
those illegal contributions - really BIG and
BROAD illegal contributions :-)
Why, you'd almost think FTX was designed and run
entirely as a DNC money tree ........
Expect a lot of the employees to disappear
or "commit suicide" real soon now. The money
trail will vanish before any 'investigations'
can begin.
Indeed. Check this out:
https://www.rt.com/news/568254-us-struggling-track-ukraine-aid/
Washington is seeking technological solutions to the problem of weapons diversion, according to a cable seen by the outlet
US struggling to track Ukraine aid – Politico
The administration of US President Joe Biden is turning to the
blockchain and other tech-based solutions amid mounting calls for
oversight of over $50 billion in aid pledged to Ukraine this year,
according to a State Department cable seen by Politico on Wednesday.
On 12/15/22 12:20 AM, Hisler wrote:
On 12/14/2022 9:54 PM, 26C.Z969 wrote:
On 12/13/22 1:06 PM, Hisler wrote:
On 11/29/2022 9:27 PM, 26C.Z969 wrote:
On 11/28/22 11:42 AM, Hisler wrote:
Cryptocurrency lender BlockFi has filed for Chapter 11, becoming
the latest casualty of crypto contagion following the collapse of
FTX.
Why it matters: The dominoes continue to fall in the crypto world, >>>>>> as a series of bad bets and a market plunge has sent companies
like FTX into bankruptcy.
Details: The firm and eight of its affiliates filed in the U.S.
Bankruptcy Court for the District of New Jersey.
<snip>
The financialization of crypto made it vulnerable to the kind of
contagion we're now seeing.
Why it matters: The big change in crypto between 2018 and today is >>>>>> the introduction of large-scale lending to the sector. And with
lending comes a new kind of risk — counterparty risk — that crypto >>>>>> still hasn't found a good way of dealing with.
https://www.axios.com/2022/11/28/blockfi-chapter-11-bankruptcy
-------------------------------------------------------------------------
Oy vey! The tropes just keep on coming.
I suspect there's going to be something of a domino effect
here. The value of crypto is what people BELIEVE it is ...
plus some of the crypto orgs buy into each other. Well,
"faith" has been undermined a bit and anyone attached to
FTX is gonna suffer a loss right there.
I do not expect crypto to DIE ... but there's gonna be
a reset.
Oh yea, El Salvador has based its entire currency on
crypto - that can be BAD BAD BAD. Expect almost the
entire country to head for the US border ......
Send them to Bankman-Fried's mansion in the Bahamas or to the
Democratic politutes who Bankman-Friedstein gave illegal campaign
donations to.
https://dailycaller.com/2022/12/13/sam-bankman-fried-indicted-fraud-eight-counts/
Heh, heh ... they've been VERY quiet about all
those illegal contributions - really BIG and
BROAD illegal contributions :-)
Why, you'd almost think FTX was designed and run
entirely as a DNC money tree ........
Expect a lot of the employees to disappear
or "commit suicide" real soon now. The money
trail will vanish before any 'investigations'
can begin.
Indeed. Check this out:
https://www.rt.com/news/568254-us-struggling-track-ukraine-aid/
Washington is seeking technological solutions to the problem of
weapons diversion, according to a cable seen by the outlet
US struggling to track Ukraine aid – Politico
The administration of US President Joe Biden is turning to the
blockchain and other tech-based solutions amid mounting calls for
oversight of over $50 billion in aid pledged to Ukraine this year,
according to a State Department cable seen by Politico on Wednesday.
Ok ... I know you're hot on bashing Ukraine, however
I really don't GIVE MUCH OF A SHIT about a little
"diversion" and such there. That's normal. It's
also a SMALL price to pay for setting the fuckin'
Russkies back about 25 years. Our efforts are
making them BURN resources - human/political/military -
real real fast. So then I DON'T CARE if an odd
Patriot battery gets sold to Thailand, it's the
BIGGER PICTURE that's important here.
As for the FTX issue - I'm increasingly convinced
it WAS designed from the get-go as a DNC money tree.
That useful idiot was put "in charge" just to be the
fall guy when all the money was disappeared into
DNC/lefty coffers. Soros is rich, but THIS funding
scheme was worth a dozen of him.
On 12/15/2022 12:17 AM, 26C.Z969 wrote:
On 12/15/22 12:20 AM, Hisler wrote:
On 12/14/2022 9:54 PM, 26C.Z969 wrote:
On 12/13/22 1:06 PM, Hisler wrote:
On 11/29/2022 9:27 PM, 26C.Z969 wrote:
On 11/28/22 11:42 AM, Hisler wrote:
Cryptocurrency lender BlockFi has filed for Chapter 11, becoming >>>>>>> the latest casualty of crypto contagion following the collapse of >>>>>>> FTX.
Why it matters: The dominoes continue to fall in the crypto
world, as a series of bad bets and a market plunge has sent
companies like FTX into bankruptcy.
Details: The firm and eight of its affiliates filed in the U.S.
Bankruptcy Court for the District of New Jersey.
<snip>
The financialization of crypto made it vulnerable to the kind of >>>>>>> contagion we're now seeing.
Why it matters: The big change in crypto between 2018 and today
is the introduction of large-scale lending to the sector. And
with lending comes a new kind of risk — counterparty risk — that >>>>>>> crypto still hasn't found a good way of dealing with.
https://www.axios.com/2022/11/28/blockfi-chapter-11-bankruptcy
-------------------------------------------------------------------------
Oy vey! The tropes just keep on coming.
I suspect there's going to be something of a domino effect
here. The value of crypto is what people BELIEVE it is ...
plus some of the crypto orgs buy into each other. Well,
"faith" has been undermined a bit and anyone attached to
FTX is gonna suffer a loss right there.
I do not expect crypto to DIE ... but there's gonna be
a reset.
Oh yea, El Salvador has based its entire currency on
crypto - that can be BAD BAD BAD. Expect almost the
entire country to head for the US border ......
Send them to Bankman-Fried's mansion in the Bahamas or to the
Democratic politutes who Bankman-Friedstein gave illegal campaign
donations to.
https://dailycaller.com/2022/12/13/sam-bankman-fried-indicted-fraud-eight-counts/
Heh, heh ... they've been VERY quiet about all
those illegal contributions - really BIG and
BROAD illegal contributions :-)
Why, you'd almost think FTX was designed and run
entirely as a DNC money tree ........
Expect a lot of the employees to disappear
or "commit suicide" real soon now. The money
trail will vanish before any 'investigations'
can begin.
Indeed. Check this out:
https://www.rt.com/news/568254-us-struggling-track-ukraine-aid/
Washington is seeking technological solutions to the problem of
weapons diversion, according to a cable seen by the outlet
US struggling to track Ukraine aid – Politico
The administration of US President Joe Biden is turning to the
blockchain and other tech-based solutions amid mounting calls for
oversight of over $50 billion in aid pledged to Ukraine this year,
according to a State Department cable seen by Politico on Wednesday.
Ok ... I know you're hot on bashing Ukraine, however
I really don't GIVE MUCH OF A SHIT about a little
"diversion" and such there. That's normal. It's
also a SMALL price to pay for setting the fuckin'
Russkies back about 25 years. Our efforts are
making them BURN resources - human/political/military -
real real fast. So then I DON'T CARE if an odd
Patriot battery gets sold to Thailand, it's the
BIGGER PICTURE that's important here.
As for the FTX issue - I'm increasingly convinced
it WAS designed from the get-go as a DNC money tree.
That useful idiot was put "in charge" just to be the
fall guy when all the money was disappeared into
DNC/lefty coffers. Soros is rich, but THIS funding
scheme was worth a dozen of him.
https://babylonbee.com/news/zelensky-seen-sitting-on-mall-santas-lap-asking-for-another-50-billion
RESEDA, CA — A small commotion broke out and stopped Christmas shoppers
in their tracks at a local mall today, as Ukraine President Volodymyr Zelensky was seen sitting on the mall Santa's lap
On 12/15/22 1:42 PM, Hisler wrote:
On 12/15/2022 12:17 AM, 26C.Z969 wrote:
As for the FTX issue - I'm increasingly convinced
it WAS designed from the get-go as a DNC money tree.
That useful idiot was put "in charge" just to be the
fall guy when all the money was disappeared into
DNC/lefty coffers. Soros is rich, but THIS funding
scheme was worth a dozen of him.
https://babylonbee.com/news/zelensky-seen-sitting-on-mall-santas-lap-asking-for-another-50-billion
RESEDA, CA A small commotion broke out and stopped Christmas shoppers
in their tracks at a local mall today, as Ukraine President Volodymyr
Zelensky was seen sitting on the mall Santa's lap
Stick to the thread ... SBF has naught to do with Zelensky.
Oh, I see SBFs wunnerful Wokie PARENTS are making sure he
gets his righteous VEGAN meals in jail :-)
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